MITEK SYSTEMS INC
MITK· Nasdaq· Computer Peripheral Equipment, NEC
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 30.2%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +12.1%
We record prices for the companies we cover; MITK is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 46.9M
- Revenue
- $179.7M
- Free cash flow
- $54.2M
- Owner earnings
- $37.4M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 9.3%
- Net
- 4.9%
- Free cash flow
- 30.2%
- Owner earnings
- 20.8%
- Stock pay
- 9.4%
Returns
- ROIC, FY2025
- 24.7%
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 3.7%
- ROE, 5 yr avg
- 3.1%
Growth (CAGR)
- Revenue, 3 yr
- 7.5%
- Revenue, 5 yr
- 12.1%
- Revenue, 9 yr
- 20.0%
- Diluted EPS, 3 yr
- 33.4%
- Diluted EPS, 5 yr
- 1.1%
- Diluted EPS, 9 yr
- 13.7%
- Free cash flow, 3 yr
- 39.4%
- Free cash flow, 5 yr
- 18.4%
- Free cash flow, 9 yr
- 24.4%
Financial health · FY2025
- Cash and investments
- $193.0M
- Total debt
- $4.3M
- Net cash
- $188.7M
- Debt/Equity
- 0.0x
- Debt/FCF
- 0.1x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 2.0%
Financials: ten years from the 10-Ks
Revenue
$179.7M
+20.0% a year over 9 years
FY2016FY2025
Margins
Operating9.3%Net4.9%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$54.2MOwner earnings$37.4M
Free cash flow +24.4% a year
FY2016FY2025
Diluted shares
46.9M
+38.8% over 9 years, net dilution
FY2016FY2025
Return on invested capital
24.7%
FY2025
FY2016FY2025
Net cash
$188.7M
$188.7M more cash than debt
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $34.7M | $45.4M | $63.6M | $84.6M | $101.3M | $119.8M | $144.8M | $172.6M | $172.1M | $179.7M |
| Revenue growth | 36.8% | 30.8% | 40.0% | 33.1% | 19.8% | 18.2% | 20.9% | 19.2% | -0.3% | 4.4% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 5.3% | 6.1% | -12.3% | -5.4% | 8.8% | 11.1% | 8.4% | 9.0% | 1.3% | 9.3% |
| Net income | $2.0M | $14.1M | -$11.8M | -$724.0K | $7.8M | $8.0M | $3.7M | $8.0M | $3.3M | $8.8M |
| Net margin | 5.6% | 31.0% | -18.6% | -0.9% | 7.7% | 6.7% | 2.6% | 4.7% | 1.9% | 4.9% |
| Diluted EPS | $0.06 | $0.40 | $-0.33 | $-0.02 | $0.18 | $0.18 | $0.08 | $0.17 | $0.07 | $0.19 |
| Return on invested capital? | – | – | – | – | 10.2% | 9.0% | – | 5.8% | – | 24.7% |
| Cash | ||||||||||
| Operating cash flow | $7.9M | $10.4M | $5.6M | $14.3M | $24.1M | $37.3M | $21.1M | $31.6M | $31.7M | $55.3M |
| Capital expenditure | $250.0K | $488.0K | $4.3M | $1.1M | $803.0K | $1.4M | $1.1M | $1.0M | $1.4M | $1.2M |
| Free cash flow | $7.6M | $10.0M | $1.3M | $13.2M | $23.3M | $36.0M | $20.0M | $30.6M | $30.3M | $54.2M |
| Stock-based compensation | $4.1M | $5.5M | $8.9M | $9.6M | $9.6M | $11.5M | $13.3M | $10.5M | $12.6M | $16.8M |
| Owner earnings? | $3.5M | $4.5M | -$7.6M | $3.5M | $13.8M | $24.4M | $6.6M | $20.1M | $17.6M | $37.4M |
| Free cash flow per share | $0.22 | $0.28 | $0.04 | $0.34 | $0.55 | $0.80 | $0.44 | $0.66 | $0.64 | $1.15 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | – | – | – | – |
| Share repurchases | – | – | $0 | $0 | $1.0M | $190.0K | $15.2M | $0 | $24.2M | $4.7M |
| Diluted shares | 33.8M | 35.5M | 35.8M | 39.3M | 42.5M | 45.1M | 45.8M | 46.5M | 47.5M | 46.9M |
| Share count change? | 7.4% | 5.1% | 0.8% | 9.9% | 8.1% | 6.0% | 1.5% | 1.5% | 2.2% | -1.1% |
| Balance sheet | ||||||||||
| Cash and equivalents | $9.0M | $12.3M | $9.0M | $16.7M | $20.0M | $30.3M | $32.1M | $58.9M | $93.5M | $154.2M |
| Short-term investments | $24.9M | $30.3M | $8.4M | $16.5M | $40.0M | $149.1M | $58.3M | $74.7M | $36.9M | $38.9M |
| Total debt | – | – | – | – | $0 | $120.9M | $128.0M | $135.5M | $2.7M | $4.3M |
| Net debt | – | – | – | – | -$60.0M | -$58.5M | $37.6M | $1.9M | -$127.6M | -$188.7M |
| Shareholders' equity | $39.5M | $61.4M | $95.4M | $107.3M | $132.2M | $192.8M | $171.0M | $205.2M | $214.8M | $240.3M |
Latest filings
| 2026-08-06 | 10-Q | Quarterly report |
| 2026-08-06 | 8-K | Earnings release |
| 2026-05-07 | 10-Q | Quarterly report |
| 2026-05-07 | 8-K | Earnings release |
| 2026-02-05 | 8-K | Earnings release |
| 2026-02-05 | 10-Q | Quarterly report |
| 2026-01-26 | DEF 14A | Proxy statement |
| 2025-12-11 | 8-K | Earnings release |
| 2025-12-11 | 10-K | Annual report |
| 2025-08-07 | 8-K | Earnings release |
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