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Mitek Systems, Inc.

MITK

NASDAQTechnologySoftware - Application

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$18.56

+$0.04 · +0.22%

Aug 21, 4:00 PM ET

MITK company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

63

Undervalued

Momentum

63

Gaining

Sentiment

53

Mixed

Risk resilience

56

Elevated Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Mitek Systems, Inc. (MITK) specializes in developing and offering mobile image capture and digital identity verification technologies globally, with operations spanning the United States, Europe, Latin America, and other international markets. These offerings are seamlessly integrated into native mobile applications and web browsers, streamlining digital interactions for users. Among its key products, Mitek provides: Mobile Deposit, enabling individuals and businesses to conveniently deposit checks remotely using their camera-equipped smartphones or tablets. Mobile Verify, an identity verification platform accessible across mobile apps, websites, and desktop applications. Mobile Fill, which enhances user experience through automatic image capture and minimizes clicks for expedited form completion. MiSnap, a mobile-capture software development kit (SDK) that ensures intuitive operation and high-quality image capture for both identity documents and checks. For financial institutions, Mitek offers a dedicated suite of check-related solutions: CheckReader automates data extraction from checks. Check Fraud Defender leverages AI and cloud capabilities to combat check fraud. Check Intelligence provides automatic data extraction from check images received through any deposit channel, from branches to ATMs, remote deposit capture, and mobile. Furthermore, the company's robust identity verification portfolio includes: ID_CLOUD, an automated system for reading and validating identity documents directly within a customer's application. IDLive Face, a passive solution for detecting facial liveness. IDVoice, an advanced AI-powered voice biometric engine. IDLive Voice, designed to prevent spoofing attacks on voice biometric systems. IDLive Doc, which helps counteract fraud associated with digitally displayed document images. Established in 1986, Mitek Systems, Inc. is headquartered in San Diego, California.

Industry
Software - Application
Sector
Technology
Headquarters
US
CEO
Edward H. West
Listed since
Jan 3, 1989
Employees
578

Market position

Day range

Current $18.56

52-week range

Current $18.56

Open
$18.715
Previous close
$18.52
Volume
1.16M
1.13× average
Average volume
1.03M
Average daily volume
Market cap
838.15M USD
Beta
0.98
Market reference 1
50-day average
$18.1334
+2.35% above average
200-day average
$13.8679
+33.83% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
447.68M USD
P/E (TTM)
37.03×
P/B (TTM)
3.35×
P/S (TTM)
4.24×
EV / EBITDA
12.15×
Earnings yield
1.97%
Free cash flow yield
12.13%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
87.92%
Operating margin
17.80%
Net margin
11.39%
Return on equity
3.66%
Return on assets
1.92%
Return on invested capital
3.16%

Financial health

Debt / equity
0.21×
Current ratio
1.19×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends97%62%27%-7%Gross margin, FY2021: 87.86%Gross margin, FY2022: 86.18%Gross margin, FY2023: 86.70%Gross margin, FY2024: 85.82%Gross margin, FY2025: 85.09%Operating margin, FY2021: 11.08%Operating margin, FY2022: 8.43%Operating margin, FY2023: 9.02%Operating margin, FY2024: 1.30%Operating margin, FY2025: 9.34%Net margin, FY2021: 6.66%Net margin, FY2022: 2.55%Net margin, FY2023: 4.65%Net margin, FY2024: 1.90%Net margin, FY2025: 4.90%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 87.86%. Gross margin FY2022 86.18%. Gross margin FY2023 86.70%. Gross margin FY2024 85.82%. Gross margin FY2025 85.09%. Operating margin FY2021 11.08%. Operating margin FY2022 8.43%. Operating margin FY2023 9.02%. Operating margin FY2024 1.30%. Operating margin FY2025 9.34%. Net margin FY2021 6.66%. Net margin FY2022 2.55%. Net margin FY2023 4.65%. Net margin FY2024 1.90%. Net margin FY2025 4.90%.

Income trends

Revenue

179.69M USD+4.42%

Operating income

16.79M USD+652.58%

Net income

8.8M USD+168.33%
Income trends across reported periods197.44M USD126.45M USD55.47M USD−15.52M USDRevenue, FY2021: 119.8M USDRevenue, FY2022: 144.8M USDRevenue, FY2023: 172.55M USDRevenue, FY2024: 172.08M USDRevenue, FY2025: 179.69M USDOperating income, FY2021: 13.28M USDOperating income, FY2022: 12.2M USDOperating income, FY2023: 15.56M USDOperating income, FY2024: 2.23M USDOperating income, FY2025: 16.79M USDNet income, FY2021: 7.98M USDNet income, FY2022: 3.69M USDNet income, FY2023: 8.03M USDNet income, FY2024: 3.28M USDNet income, FY2025: 8.8M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 119.8M USD. Revenue FY2022 144.8M USD. Revenue FY2023 172.55M USD. Revenue FY2024 172.08M USD. Revenue FY2025 179.69M USD. Operating income FY2021 13.28M USD. Operating income FY2022 12.2M USD. Operating income FY2023 15.56M USD. Operating income FY2024 2.23M USD. Operating income FY2025 16.79M USD. Net income FY2021 7.98M USD. Net income FY2022 3.69M USD. Net income FY2023 8.03M USD. Net income FY2024 3.28M USD. Net income FY2025 8.8M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue179.69M USD172.08M USD172.55M USD144.8M USD119.8M USD
Cost of goods sold26.79M USD24.4M USD22.95M USD20.01M USD14.54M USD
Gross profit152.9M USD147.69M USD149.6M USD124.8M USD105.26M USD
Research and development35.28M USD34.64M USD28.99M USD30.19M USD28.04M USD
Selling, general, and administrative85.85M USD93.76M USD83.89M USD65.43M USD54.99M USD
Operating expenses136.11M USD145.46M USD134.04M USD112.6M USD91.98M USD
Interest expense9.78M USD9.26M USD9.06M USD8.23M USD5.13M USD
Depreciation and amortization15.46M USD16.91M USD19.05M USD15.17M USD8.95M USD
Operating income16.79M USD2.23M USD15.56M USD12.2M USD13.28M USD
Net income8.8M USD3.28M USD8.03M USD3.69M USD7.98M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+25.53%
11 comparable reports
Latest EPS result
0.34
Estimate 0.28 · Beat by 23.55%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.420.320.210.11Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 0.15, estimate 0.13, surprise +15.38%, Beat. Q2 2025, reported May 8, 2025: actual 0.36, estimate 0.26, surprise +38.46%, Beat. Q3 2025, reported Aug 7, 2025: actual 0.22, estimate 0.18, surprise +22.22%, Beat. Q4 2025, reported Dec 11, 2025: actual 0.24, estimate 0.18, surprise +33.33%, Beat. Q1 2026, reported Feb 5, 2026: actual 0.26, estimate 0.182, surprise +42.86%, Beat. Q2 2026, reported May 7, 2026: actual 0.38, estimate 0.32, surprise +18.75%, Beat. Q3 2026, reported Aug 6, 2026: actual 0.34, estimate 0.275, surprise +23.55%, Beat. Q4 2026, reported Dec 10, 2026: actual —, estimate 0.16, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates57.03M49.71M42.39M35.06MQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 37.25M USD, estimate 46.95M USD, surprise -20.65%, Miss. Q2 2025, reported May 8, 2025: actual 51.93M USD, estimate 45.89M USD, surprise +13.15%, Beat. Q3 2025, reported Aug 7, 2025: actual 45.73M USD, estimate 40.86M USD, surprise +11.91%, Beat. Q4 2025, reported Dec 11, 2025: actual 44.78M USD, estimate 41.06M USD, surprise +9.06%, Beat. Q1 2026, reported Feb 5, 2026: actual 44.24M USD, estimate 42.44M USD, surprise +4.25%, Beat. Q2 2026, reported May 7, 2026: actual 54.84M USD, estimate 52.59M USD, surprise +4.28%, Beat. Q3 2026, reported Aug 6, 2026: actual 54.04M USD, estimate 50.82M USD, surprise +6.34%, Beat. Q4 2026, reported Dec 10, 2026: actual —, estimate 44.71M USD, surprise —, Comparison unavailable.

MITK news

zacks.com

Wall Street Analysts See a 25.16% Upside in Mitek Systems (MITK): Can the Stock Really Move This High?

The consensus price target hints at a 25.2% upside potential for Mitek Systems (MITK). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions…

Read source
zacks.com

What Makes Mitek Systems (MITK) a Good Fit for 'Trend Investing'

If you are looking for stocks that are well positioned to maintain their recent uptrend, Mitek Systems (MITK) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength"…

Read source
zacks.com

Mitek Systems (MITK) Upgraded to Strong Buy: What Does It Mean for the Stock?

Mitek Systems (MITK) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Read source
businesswire.com

Mitek Appoints Aaron Seyler as Chief Revenue Officer

SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification and fraud prevention, announced the appointment of Aaron Seyler as Mitek's Chief Revenue Officer to lead…

Read source
defenseworld.net

Arrowstreet Capital Limited Partnership Buys Shares of 30,435 Mitek Systems, Inc. $MITK

Arrowstreet Capital Limited Partnership purchased a new position in shares of Mitek Systems, Inc. (NASDAQ: MITK) in the undefined quarter, according to the company in its most recent disclosure with the Securities and…

Read source
seekingalpha.com

Mitek Systems: Q3 Improves My Thesis

Mitek Systems demonstrates accelerating SaaS and Fraud & Identity growth, with Q3 revenue up 18% YoY and robust profitability. MITK's SaaS revenue grew 36% YoY, while adjusted EBITDA margin reached 38.5%, signaling a…

Read source

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ETFs holding MITK

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
22.96M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
21.65M
Weight
0.03%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Information Technology ETF logoVanguard Information Technology ETFVGT
Market value
19.32M
Weight
0.01%
AUM
160.2B USD
Expense ratio
0.09%
Price / 1D
$118.42+0.05%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
8.72M
Weight
0.01%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Growth ETF logoiShares Russell 2000 Growth ETFIWO
Market value
7.34M
Weight
0.05%
AUM
15.16B USD
Expense ratio
0.24%
Price / 1D
$387.37+1.24%
Dimensional - US Targeted Value ETF logoDimensional - US Targeted Value ETFDFAT
Market value
5.11M
Weight
0.04%
AUM
14.66B USD
Expense ratio
0.28%
Price / 1D
$71.67+0.67%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
4.24M
Weight
0.02%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%
State Street SPDR S&P Software & Services ETF logoState Street SPDR S&P Software & Services ETFXSW
Market value
3.71M
Weight
0.73%
AUM
507.39M USD
Expense ratio
0.35%
Price / 1D
$201.83+1.09%

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