Mitek Systems MITK
$17.24 +$0.31 (+1.83%)
Market closed · Nov 6, 8:20 pm ET · Last extended-hours $17.30 +0.35%
Open$17.25
Prev close$16.93
Day range$17.01 – $17.81
Volume666.0K
Market cap$777.91M
P/E (TTM)36.7
Dividend yield–
Fundamentals
Latest reported quarter: Q3, ended Jun 2026
Revenue$54.04M+18.2% YoY
Operating profit$11.54M+203.1% YoY
Net profit$8.37M+249.2% YoY
Diluted EPS$0.17+240.0% YoY
Free cash flow$25.32M+19.2% YoY
Operating cash flow$27.16M
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin83.6%
Operating margin18.1%
Net margin11.4%
Return on equity9.2%
Return on assets5.5%
Return on invested capital8.0%
Current ratio2.74
Liabilities / assets31.9%
Cash & investments$99.71M
Total debt$50.76M
Net cash (debt)$48.95M
Free cash flow / sales24.6%
Where the revenue comes from
Quarter 2026/Q3
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $54.04M | $54.84M | $44.24M | $179.69M | $44.78M |
| Total Operating Revenue | $54.04M | $54.84M | $44.24M | $179.69M | $44.78M |
| Cost of Revenue | $8.18M | $8.56M | $8.41M | $26.79M | $7.29M |
| Gross Profit | $45.86M | $46.28M | $35.84M | $152.90M | $37.49M |
| Operating Expense | $34.32M | $32.73M | $29.88M | $135.27M | $32.80M |
| Selling and Admin Expenses | $22.95M | $21.85M | $19.22M | $85.85M | $21.24M |
| -Selling & Marketing Expense | $10.03M | $9.60M | $8.15M | $41.52M | $10.15M |
| -General & Admin Expense | $12.93M | $12.24M | $11.07M | $44.33M | $11.08M |
| Research & Development | $8.06M | $7.57M | $7.37M | $35.28M | $8.24M |
| Depreciation & Amortization & Depletion | $3.30M | $3.32M | $3.29M | $14.14M | $3.33M |
| -Depreciation & Amortization | $3.30M | $3.32M | $3.29M | $14.14M | $3.33M |
| Operating Profit | $11.54M | $13.55M | $5.96M | $17.63M | $4.69M |
| Net Non-Operating Interest Income (Expense) | -$721,000.00 | -$1.45M | -$2.54M | -$9.78M | -$2.51M |
| Non-Operating Interest Expense | $721,000.00 | $1.45M | $2.54M | $9.78M | $2.51M |
| Other Income (Expense) | $347,000.00 | $637,000.00 | $985,000.00 | $3.76M | $1.12M |
| Special Income (Charges) | $0.00 | $0.00 | -$515,000.00 | -$840,000.00 | -$3,000.00 |
| -Less:Restructuring and Mergern & Acquisition | $0.00 | $0.00 | $515,000.00 | $840,000.00 | $3,000.00 |
| Other Non-Operating Income (Expenses) | $347,000.00 | $637,000.00 | $1.50M | $4.60M | $1.12M |
| Pretax Profit | $11.17M | $12.74M | $4.40M | $11.61M | $3.31M |
| Tax | $2.80M | $3.20M | $1.63M | $2.81M | $1.45M |
| Net Profit | $8.37M | $9.54M | $2.77M | $8.80M | $1.86M |
| Profit from Continuing Operations | $8.37M | $9.54M | $2.77M | $8.80M | $1.86M |
| Net Income to Parent Company | $8.37M | $9.54M | $2.77M | $8.80M | $1.86M |
| Net Income to Common Stockholders | $8.37M | $9.54M | $2.77M | $8.80M | $1.86M |
| Basic EPS | $0.19 | $0.21 | $0.06 | $0.19 | $0.04 |
| Diluted EPS | $0.17 | $0.20 | $0.06 | $0.19 | $0.04 |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $368.06M | $356.94M | $446.45M | $459.11M | $459.11M |
| Total Current Assets | $167.87M | $156.50M | $239.10M | $248.49M | $248.49M |
| Cash and Cash Equivalents & Short-Term Investments | $99.71M | $77.59M | $190.08M | $193.01M | $193.01M |
| -Cash and Cash Equivalents | $90.05M | $69.19M | $175.12M | $154.15M | $154.15M |
| -Short Term Investments | $9.67M | $8.40M | $14.95M | $38.86M | $38.86M |
| Receivables | $61.07M | $71.93M | $43.63M | $49.50M | $49.50M |
| -Accounts Receivable | $52.31M | $63.31M | $31.94M | $36.81M | $36.81M |
| -Other Receivables | $8.76M | $8.63M | $11.70M | $12.69M | $12.69M |
| Prepaid Assets | $3.40M | $2.94M | $2.13M | $3.05M | $3.05M |
| Other Current Assets | $3.69M | $4.04M | $3.26M | $2.94M | $2.94M |
| Total Non-Current Assets | $200.19M | $200.44M | $207.35M | $210.62M | $210.62M |
| Net PPE | $7.79M | $6.67M | $5.80M | $4.94M | $4.94M |
| -Gross PPE | $7.79M | $6.67M | $5.80M | $11.24M | $11.24M |
| Investments and Advances | $450,000.00 | $0.00 | $1.71M | $3.46M | $3.46M |
| -Available for Sale Securities | $450,000.00 | – | $1.71M | $3.46M | $3.46M |
| Non Current Accounts Receivables | $2.06M | $1.45M | $1.94M | $1.41M | $1.41M |
| Goodwill and Other Intangible Assets | $160.80M | $164.11M | $169.87M | $173.26M | $173.26M |
| -Goodwill | $131.35M | $131.44M | $133.40M | $133.46M | $133.46M |
| -Other Intangible Assets | $29.45M | $32.67M | $36.47M | $39.80M | $39.80M |
| Non-Current Deferred Assets | $25.29M | $24.44M | $24.97M | $25.33M | $25.33M |
| Other Non-Current Assets | $3.80M | $3.78M | $3.06M | $2.22M | $2.22M |
| Total Liabilities | $117.53M | $117.47M | $212.80M | $218.85M | $218.85M |
| Total Current Liabilities | $61.18M | $59.94M | $203.11M | $209.03M | $209.03M |
| Payables | $7.03M | $6.98M | $5.06M | $3.87M | $3.87M |
| -Accounts Payable | $3.97M | $3.98M | $5.06M | $3.87M | $3.87M |
| -Total Tax Payable | $3.06M | $3.00M | – | – | – |
| Current Accrued Expenses | $14.63M | $12.48M | $10.89M | $17.18M | $17.18M |
| Short-Term Debt and Capital Lease Obligation | $3.73M | $3.39M | $155.38M | $153.11M | $153.11M |
| -Current Debt | $2.81M | $2.50M | $154.46M | $152.22M | $152.22M |
| -Current Capital Lease Obligation | $913,000.00 | $894,000.00 | $911,000.00 | $890,000.00 | $890,000.00 |
| Current Deferred Liabilities | $34.50M | $36.06M | $25.21M | $29.06M | $29.06M |
| Other Current Liabilities | $1.30M | $1.04M | $6.58M | $5.81M | $5.81M |
| Total Non-Current Liabilities | $56.35M | $57.53M | $9.69M | $9.82M | $9.82M |
| Long Term Debt and Capital Lease Obligation | $47.95M | $49.12M | $1.86M | $2.08M | $2.08M |
| -Long Term Debt | $46.56M | $47.50M | – | – | – |
| -Long Term Capital Lease Obligation | $1.39M | $1.62M | $1.86M | $2.08M | $2.08M |
| Non-Current Deferred Liabilities | $1.91M | $1.79M | $1.04M | $1.38M | $1.38M |
| Other Non-Current Liabilities | $6.49M | $6.62M | $6.79M | $6.36M | $6.36M |
| Total Equity | $250.52M | $239.47M | $233.66M | $240.26M | $240.26M |
| Stockholders' Equity | $250.52M | $239.47M | $233.66M | $240.26M | $240.26M |
| Capital Stock | $45,000.00 | $45,000.00 | $45,000.00 | $46,000.00 | $46,000.00 |
| -Common Stock | $45,000.00 | $45,000.00 | $45,000.00 | $46,000.00 | $46,000.00 |
| -Preferred Stock | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Additional Paid-In Capital | $278.55M | $273.64M | $266.57M | $265.84M | $265.84M |
| Retained Earnings | -$23.32M | -$31.69M | -$33.43M | -$26.21M | -$26.21M |
| Less: Treasury Stock | $2.00M | – | – | – | – |
| Gains/Losses Not Affecting Retained Earnings | -$2.75M | -$2.53M | $474,000.00 | $586,000.00 | $586,000.00 |
| -Accumulated Depreciation | – | – | – | -$6.30M | -$6.30M |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $27.16M | -$945,000.00 | $8.02M | $55.34M | $19.46M |
| Net cash flow from continuing operations | $27.16M | -$945,000.00 | $8.02M | $55.34M | $19.46M |
| Net Income from Continuing Operations | $8.37M | $9.54M | $2.77M | $8.80M | $1.86M |
| Depreciation & Depletion & Amortization | $3.81M | $3.75M | $3.64M | $15.46M | $3.47M |
| Deferred Tax | -$850,000.00 | $456,000.00 | $366,000.00 | -$9.58M | -$1.63M |
| Other Non-Cash Items | $875,000.00 | $1.53M | $2.86M | $10.51M | $2.71M |
| Change in Working Capital | $10.21M | -$21.54M | -$4.02M | $13.34M | $9.54M |
| -Change in Receivables | $10.28M | -$28.33M | $5.36M | -$208,000.00 | $2.65M |
| -Change in Payables and Accrued Expense | $2.84M | -$208,000.00 | -$4.23M | $5.52M | $3.28M |
| -Change in Other Current Assets | -$1.02M | -$3.14M | -$856,000.00 | -$1.29M | -$538,000.00 |
| -Change in Other Current Liabilities | -$448,000.00 | -$1.59M | -$110,000.00 | $1.37M | $792,000.00 |
| -Change In Other Working Capital | -$1.45M | $11.73M | -$4.18M | $7.95M | $3.37M |
| Net cash flow from investing | -$3.50M | $6.74M | $24.42M | $5.84M | $6.02M |
| Net Cash Flow from Continuing Investing Activities | -$3.50M | $6.74M | $24.42M | $5.84M | $6.02M |
| Net PPE Purchase and Sale | -$1.84M | -$1.55M | -$1.43M | -$1.16M | -$259,000.00 |
| Net Investment Purchase and Sale | -$1.66M | $8.30M | $25.84M | $6.99M | $6.28M |
| Financing Cash Flow | -$2.64M | -$111.11M | -$11.51M | -$1.85M | $1.25M |
| Net Cash Flow from Continuing Financing Activities | -$2.64M | -$111.11M | -$11.51M | -$1.85M | $1.25M |
| Net Issuance Payments Of Debt | -$659,000.00 | -$105.39M | $442,000.00 | $1.42M | $1.56M |
| Net Common Stock Issuance | -$2.00M | -$7.79M | -$10.00M | -$4.74M | -$1.48M |
| Proceeds from Stock Option Exercised | $17,000.00 | $2.22M | $25,000.00 | $1.70M | $1.17M |
| Net Other Financing Charges | $0.00 | -$148,000.00 | -$1.98M | -$224,000.00 | $0.00 |
| Ending Cash Balance | $90.05M | $69.19M | $175.12M | $154.15M | $154.15M |
| Net Change in Cash | $21.01M | -$105.31M | $20.92M | $59.33M | $26.73M |
| Beginning Cash Balance | $69.19M | $175.12M | $154.15M | $93.46M | $127.12M |
| Effect of Exchange Rate Changes | -$154,000.00 | -$625,000.00 | $46,000.00 | $1.37M | $296,000.00 |
| Free Cash Flow | $25.32M | -$2.50M | $6.59M | $54.19M | $19.20M |
| Gain/Loss from Continuing Operations | – | – | – | $309,000.00 | $0.00 |
| Net Business Purchase and Sale | – | – | – | $0.00 | – |
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