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MARKETS / NASDAQ / MITK
NASDAQ · COMPUTER PERIPHERAL EQUIPMENT, NEC · MID CAP

Mitek Systems Inc. MITK

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$179.7M
▲ 4.4% YoY
$8.8M
▲ 168.3% YoY
$54.2M
▲ 79.1% YoY
In brief

What this company does

Mitek Systems, Inc. is a global provider of digital identity verification and fraud prevention solutions. Its digital technology solutions are provided as cloud software platforms that use AI, computer vision and machine learning to enable mobile check deposits and check verifications, verify identities, and authenticate documents, as licensed software for mobile check deposits and biometric identifications, and as software development kits for mobile image and voice pattern capture. As of the date of this filing, it serves more than 7,000 organizations globally, including financial institutions, financial technology companies, telecommunications providers, and digital marketplaces. As of September 30, 2025, it had 595 employees, 177 in the U.S. and 418 internationally. As of September 30, 2025, it had 110 issued patents with expiration dates ranging from 2026 through 2045, and had filed for 25 additional domestic and international patents. The Company operates in North America, the United Kingdom and Europe.

Written from the business description in MITEK SYSTEMS INC's annual report to the U.S. Securities and Exchange Commission, filed 11 December 2025. Every sentence was checked against that document before publication.

Growth
USD 179.7M
Revenue, FY2025 · full 16-year series below
Revenue $M Net income $M
FY2025 · Revenue 179.7 · Net income 8.8
80M160M201020122014201620182020202220242025
Compound annual growth
+7.5%
+12.1%
+21.6%
+26.8%
+33.5%
+2.4%
+13.3%
+33.4%
+1.1%
+9.0%
−32.2%
+36.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +12.1% a year over five years — but profit grew slower: net income at +2.4%, earnings per share at +1.1%.

The share count rose from 0.04B to 0.05B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 9.3% · Net 4.9%
10%20%30%-50%201020122014201620182020202220242025
ROE
FY2025 · ROE 3.9%
10%20%-20%-40%-60%201020122014201620182020202220242025
Gross margin—
Operating margin9.3%
Net margin4.9%
Return on assets2.0%
EBITDAUSD 18.1M

Each USD of equity produced 4 cents of profit this year.

Cash & shareholders
USD 4.7M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 54.2
20M40M201020122014201620182020202220242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 4.7
10M20M20182019202020212022202320242025
Dividends paid—
Net buybacksUSD 4.7M
Share of profit53.9%
Consecutive raises—

USD 4.7M in buybacks — 54% of the year's profit went back to shareholders.

Total assetsUSD 459.1M
EquityUSD 240.3M
CashUSD 154.2M
Gross debtUSD 4.3M
Net debtUSD -149.8M
Current ratio1.19×

The company holds more cash than debt.

The 16-year record
16 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B0.20.20.20.10.10.10.10.10.00.00.00.00.00.00.00.0
Operating income $B0.00.00.00.00.00.0−0.0−0.00.00.00.0−0.0−0.0−0.00.0−0.0
EBITDA $B0.00.00.00.00.00.0−0.0−0.00.00.00.0−0.0−0.0−0.00.0−0.0
Income tax $B0.0−0.00.0−0.00.00.0−0.00.0−0.0−0.0−0.00.00.0−0.00.00.0
Net income $B0.00.00.00.00.00.0−0.0−0.00.00.00.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B0.10.00.00.00.00.00.00.00.00.00.0−0.0−0.0−0.00.0−0.0
EPS, diluted $0.190.070.170.080.180.18−0.02−0.330.400.060.08−0.17−0.26−0.31−0.01−0.04
Dividend / sh $················
Payout %················
ROE %3.91.64.32.04.96.5−0.7−15.127.95.69.3−21.3−37.0−49.6−1.3−68.1
Shares out B0.050.040.050.040.040.040.040.040.030.030.030.030.030.030.020.02

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 63 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 27 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityComputer Peripheral Equipment, NEC
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsSeptember 30
Data on record since2010

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