Company research
MITEK SYSTEMS INC
CIK 807863Updated Sep 24, 2026
MITK price & chart
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NASDAQ:MITK on TradingView ↗About the company
Mitek (NASDAQ: MITK) is a global leader in digital access, founded to bridge the physical and digital worlds. Mitek’s advanced identity verification technologies and global platform make digital access faster and more secure than ever, providing companies new levels of control, deployment ease and operation, while protecting the entire customer journey. With solutions trusted by 7,900 organizations around the world, including the majority of North American financial institutions which rely on our mobile check deposit solutions, Mitek helps companies reduce risk and meet regulatory requirements. Learn more at www.miteksystems.com.
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Seeking Alpha
Mitek Systems: Q3 Improves My Thesis ↗
Mitek Systems, Inc. 2026 Q3 - Results - Earnings Call Presentation ↗
SEC disclosures
MITEK SYSTEMS INC files 8-K: Material Event ↗
Recent filings
4 filing
10-Q filing
Results of Operations and Financial Condition · Other Events
Items 2.02, 8.01, 9.01
4 filing
144 filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 459,109,000Source | 413,753,000Source | 405,375,000Source | 383,731,000Source |
| Property, Plant and Equipment, NetUSD | 2,314,000Source | 2,564,000Source | 2,829,000Source | 3,938,000Source |
| GoodwillUSD | 133,457,000Source | 131,574,000Source | 123,548,000Source | 134,818,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 154,153,000Source | 93,456,000Source | 58,913,000Source | 23,984,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 36,811,000Source | 31,682,000Source | 32,132,000Source | 23,782,000Source |
| Assets, CurrentUSD | 248,494,000Source | 185,051,000Source | 190,009,000Source | 94,437,000Source |
| Operating Lease, Right-of-Use AssetUSD | 2,624,000Source | 4,662,000Source | 4,140,000Source | 6,357,000Source |
| Other Assets, NoncurrentUSD | 2,218,000Source | 1,590,000Source | 1,647,000Source | 5,081,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 218,851,000Source | 198,952,000Source | 200,187,000Source | 198,839,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 46,000Source | 45,000Source | 46,000Source | 44,000Source |
| Retained Earnings (Accumulated Deficit)USD | -26,209,000Source | -30,268,000Source | -9,312,000Source | -17,473,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 586,000Source | -2,302,000Source | -14,237,000Source | -5,170,000Source |
| Stockholders' Equity Attributable to ParentUSD | 240,258,000Source | 214,801,000Source | 205,188,000Source | 184,892,000Source |
| Additional Paid in Capital, Common StockUSD | 265,835,000Source | 247,326,000Source | 228,691,000Source | 207,491,000Source |
| Liabilities and EquityUSD | 459,109,000Source | 413,753,000Source | 405,375,000Source | 383,731,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 209,034,000Source | 42,147,000Source | 51,497,000Source | 40,741,000Source |
| Operating Lease, Liability, CurrentUSD | 890,000Source | 805,000Source | 1,902,000Source | 2,203,000Source |
| Accounts Payable, CurrentUSD | 3,874,000Source | 7,236,000Source | 7,589,000Source | 6,688,000Source |
| Operating Lease, Liability, NoncurrentUSD | 2,080,000Source | 4,230,000Source | 2,867,000Source | 5,485,000Source |
| Deferred Income Tax Liabilities, NetUSD | 295,000Source | 3,889,000Source | 6,476,000Source | 20,730,000Source |
| Other Liabilities, NoncurrentUSD | 6,357,000Source | 4,332,000Source | 2,874,000Source | 6,460,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 343,000Source | 424,000Source | — | — |
| Long-term DebtUSD | 4,335,000Source | 2,697,000Source | — | — |
| Short-term InvestmentsUSD | 38,858,000Source | 36,884,000Source | 74,700,000Source | 37,910,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 1,300,000Source | 1,755,000Source | 1,727,000Source | 1,401,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 16,810,000Source | 12,624,000Source | 10,463,000Source | 13,346,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts PayableUSD | -3,371,000Source | -450,000Source | 2,535,000Source | 2,183,000Source |
| Deferred Income Tax Expense (Benefit)USD | -9,576,000Source | -10,435,000Source | -4,338,000Source | -2,584,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 55,340,000Source | 31,688,000Source | 31,586,000Source | 26,351,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 0Source | 0Source | 267,000Source | 127,902,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 5,835,000Source | 28,746,000Source | -6,784,000Source | -3,530,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,155,000Source | 1,438,000Source | 1,034,000Source | 1,126,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 4,738,000Source | 24,180,000Source | 0Source | 15,176,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -1,846,000Source | -25,882,000Source | 1,701,000Source | -21,143,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 60,697,000Source | 34,543,000Source | 26,854,000Source | 1,747,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 154,153,000Source | 93,456,000Source | 58,913,000Source | 32,059,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 1,164,000Source | 1,274,000Source | 1,413,000Source | 1,164,000Source |
| Income Taxes Paid, NetUSD | 9,087,000Source | 11,989,000Source | 3,836,000Source | 750,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,368,000Source | -9,000Source | 351,000Source | 69,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 16,810,000Source | 12,624,000Source | 10,463,000Source | 13,346,000Source |
| Amortization of Intangible AssetsUSD | 14,143,000Source | 15,156,000Source | 16,992,000Source | 13,547,000Source |
| Capitalized Computer Software, AmortizationUSD | 0Source | 0Source | 0Source | 0Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | 0Source | 0Source | 0Source | -300,000Source |
| DepreciationUSD | 1,315,000Source | — | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | -309,000Source | — | — | — |
| General and Administrative ExpenseUSD | 44,332,000Source | 52,993,000Source | 43,338,000Source | 26,591,000Source |
| GoodwillUSD | 133,457,000Source | 131,574,000Source | 123,548,000Source | 120,186,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 0Source | 0Source | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 2,813,000Source | -4,187,000Source | 2,314,000Source | -295,000Source |
| InterestExpenseNonoperatingUSD | 9,779,000Source | 9,259,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 8,796,000Source | 3,278,000Source | 8,027,000Source | 3,032,000Source |
| Nonoperating Income (Expense)USD | 4,598,000Source | 6,119,000Source | 3,840,000Source | -370,000Source |
| Payments to Acquire InvestmentsUSD | 40,610,000Source | 62,433,000Source | 71,733,000Source | 47,818,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 179,691,000Source | 172,083,000Source | 172,552,000Source | 143,943,000Source |
| Operating Income (Loss)USD | 16,790,000Source | 2,231,000Source | 15,564,000Source | 11,339,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 11,609,000Source | -909,000Source | 10,341,000Source | 2,737,000Source |
| Income Tax Expense (Benefit)USD | 2,813,000Source | -4,187,000Source | 2,314,000Source | -295,000Source |
| Net Income (Loss) Attributable to ParentUSD | 8,796,000Source | 3,278,000Source | 8,027,000Source | 3,032,000Source |
| Earnings Per Share, BasicUSD per share | 0.19Source | 0.07Source | 0.18Source | 0.07Source |
| Earnings Per Share, DilutedUSD per share | 0.19Source | 0.07Source | 0.17Source | 0.07Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 45,716,000Source | 46,560,000Source | 45,533,000Source | 44,595,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 46,926,000Source | 47,468,000Source | 46,461,000Source | 45,780,000Source |
| Interest Expense (non-operating)USD | 9,779,000Source | 9,259,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 14,143,000Source | 15,156,000Source | 16,992,000Source | 13,547,000Source |
| Business Combination, Acquisition Related CostsUSD | 14,142,000Source | 15,291,000Source | — | — |
| Capitalized Computer Software, AmortizationUSD | 0Source | 0Source | 0Source | 0Source |
| Cost of Property Repairs and MaintenanceUSD | 100,000Source | 100,000Source | 100,000Source | 100,000Source |
| Costs and ExpensesUSD | 162,901,000Source | 169,852,000Source | 156,988,000Source | 132,604,000Source |
| Current Income Tax Expense (Benefit)USD | 12,389,000Source | 6,248,000Source | 6,652,000Source | 2,289,000Source |
| General and Administrative ExpenseUSD | 44,332,000Source | 52,993,000Source | 43,338,000Source | 26,591,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 14,418,000Source | 10,246,000Source | 23,836,000Source | 10,619,000Source |
| Interest ExpenseUSD | — | — | 9,063,000Source | 8,232,000Source |
| Nonoperating Income (Expense)USD | 4,598,000Source | 6,119,000Source | 3,840,000Source | -370,000Source |
| Research and Development ExpenseUSD | 35,284,000Source | 34,642,000Source | 28,988,000Source | 30,192,000Source |
| Selling and Marketing ExpenseUSD | 41,516,000Source | 40,769,000Source | 40,551,000Source | 38,841,000Source |