MITK Stock - Mitek Systems, Inc.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $179.69M | $172.08M | $172.55M | $144.80M | $119.80M |
| Gross Profit | $136.86M | $171.77M | $149.60M | $124.80M | $105.26M |
| Gross Margin | 76.2% | 99.8% | 86.7% | 86.2% | 87.9% |
| Operating Income | $17.63M | $2.23M | $15.56M | $12.20M | $13.28M |
| Net Income | $8.80M | $3.28M | $8.03M | $3.69M | $7.98M |
| Net Margin | 4.9% | 1.9% | 4.7% | 2.6% | 6.7% |
| EPS | $0.19 | $0.07 | $0.18 | $0.08 | $0.18 |
Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and web browsers to facilitate digital consumer experiences. It offers Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications. The company also provides Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion; and MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; Check Fraud Defender, an AI-powered and cloud-hosted model for fighting check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. Further, the company provides ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents; IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice that helps stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 4th 2024 | Jefferies | Downgrade | Hold | $9.5← $17 |
| December 14th 2023 | Craig Hallum | Initiation | Buy | $17 |
| October 31st 2023 | Jefferies | Resumed | Buy | $13 |
| October 25th 2022 | Jefferies | Resumed | Buy | $13← $17 |
Earnings History & Surprises
MITKEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 9, 2026 | $0.20 | — | — | — |
Q4 2025 | Dec 11, 2025 | $0.18 | $0.24 | +33.3% | ✓ BEAT |
Q3 2025 | Aug 7, 2025 | $0.18 | $0.22 | +22.2% | ✓ BEAT |
Q2 2025 | May 8, 2025 | $0.26 | $0.36 | +38.5% | ✓ BEAT |
Q1 2025 | Feb 10, 2025 | $0.13 | $0.15 | +15.4% | ✓ BEAT |
Q4 2024 | Dec 16, 2024 | $0.17 | $0.33 | +94.1% | ✓ BEAT |
Q3 2024 | Aug 8, 2024 | $0.26 | $0.25 | -3.8% | ✗ MISS |
Q2 2024 | May 13, 2024 | $0.27 | $0.24 | -11.1% | ✗ MISS |
Q1 2024 | Mar 19, 2024 | $0.14 | $0.15 | +7.1% | ✓ BEAT |
Q4 2023 | Oct 26, 2023 | $0.18 | $0.20 | +11.1% | ✓ BEAT |
Q3 2023 | Sep 5, 2023 | $0.21 | $0.31 | +47.6% | ✓ BEAT |
Q2 2023 | Jun 29, 2023 | $0.20 | $0.20 | 0.0% | = MET |
Q1 2023 | Mar 27, 2023 | $0.20 | $0.10 | -48.2% | ✗ MISS |
Q1 2023 | Mar 2, 2023 | $0.14 | $0.17 | +21.4% | ✓ BEAT |
Q3 2022 | Jul 28, 2022 | $0.21 | $0.23 | +9.5% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $0.20 | $0.24 | +20.0% | ✓ BEAT |
Q1 2022 | Jan 27, 2022 | $0.14 | $0.22 | +57.1% | ✓ BEAT |
Q4 2021 | Nov 4, 2021 | $0.17 | $0.22 | +29.4% | ✓ BEAT |
Q3 2021 | Jul 29, 2021 | $0.16 | $0.23 | +43.8% | ✓ BEAT |
Latest News
Mitek Systems shares are trading higher after the company reported better-than-expected Q4 financial results and issued FY26 sales guidance above estimates.
📈 PositiveMitek Systems shares are trading higher after the company reported better-than-expected Q4 financial results and issued FY26 sales guidance above estimates.
📈 PositiveMitek Systems Sees Q1 Sales $41.000M-$44.000M vs $41.060M Est
📈 PositiveMitek Systems Non-GAAP EPS of $0.24 beats by $0.06, revenue of $44.8M beats by $3.94M
📈 PositiveMitek Systems Sees FY2026 Sales $185.000M-$195.000M vs $175.775M Est
📈 PositiveMitek Systems Q4 Adj. EPS $0.24 Beats $0.18 Estimate, Sales $44.779M Beat $40.850M Estimate
📈 PositiveMitek Systems Non-GAAP EPS of $0.36 beats by $0.10, revenue of $51.93M beats by $4.46M
📈 PositiveFrequently Asked Questions about MITK
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