Mitek/$MITK
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Mitek
Mitek Systems Inc is engaged in the development, sale, and service of proprietary software solutions related to mobile imaging. The firm is a software development company with expertise in artificial intelligence, and machine learning. It serves more than 7,900 financial services organizations, financial technology (fintech) brands, telecommunications companies, and marketplace brands across the globe. The company's Mobile Deposit solution is used by consumers for mobile check deposits. The company's Mobile Verify verifies a user's identity online, enabling organizations to build safer digital communities, whereas CheckReader enables financial institutions to automatically extract data from a check image received across any deposit channel - branch, ATM, RDC, and mobile.
- Ticker
- $MITK
- Sector
- Software & Cloud Services
- Primary listing
- NASDAQ
- Employees
- 578
- Headquarters
- San Diego, United States
- Website
- www.miteksystems.com
Mitek Metrics
BasicAdvanced
$815M
38.28
$0.47
0.98
-
Price and volume
Market cap
$815M
Beta
0.98
52-week high
$21.05
52-week low
$8.53
Average daily volume
550K
Financial strength
Current ratio
2.744
Quick ratio
2.628
Long term debt to equity
0.208
Total debt to equity
0.224
Interest coverage (TTM)
4.20%
Profitability
EBITDA (TTM)
49.551
Gross margin (TTM)
83.61%
Net profit margin (TTM)
11.39%
Operating margin (TTM)
18.08%
Effective tax rate (TTM)
28.71%
Revenue per employee (TTM)
$340,000
Management effectiveness
Return on assets (TTM)
5.49%
Return on equity (TTM)
9.23%
Valuation
Price to earnings (TTM)
38.278
Price to revenue (TTM)
4.152
Price to book
3.25
Price to tangible book (TTM)
9.09
Price to free cash flow (TTM)
16.904
Free cash flow yield (TTM)
5.92%
Free cash flow per share (TTM)
1.069
Growth
Revenue change (TTM)
11.10%
Earnings per share change (TTM)
41.39%
3-year revenue growth (CAGR)
4.28%
10-year revenue growth (CAGR)
19.66%
3-year earnings per share growth (CAGR)
30.91%
10-year earnings per share growth (CAGR)
23.09%
What the Analysts think about Mitek
Analyst ratings (Buy, Hold, Sell) for Mitek stock.
Analyst projections of the future price of Mitek stock.
Bulls say / Bears say
Third-quarter revenue grew 18% year on year, while SaaS revenue rose 36%; Mitek also raised its full-year revenue outlook to $195–$200 million. Continued growth in recurring software could make the business less reliant on licence sales. (Business Wire)
Check Fraud Defender is gaining scale: a top-five US bank joined its network, Fiserv began reselling it, and annual contract value grew 73%. A broader data network could make the product more useful to banks and support further customer adoption. (Business Wire)
Profitability improved as revenue scaled: third-quarter adjusted EBITDA margin rose to 38.5% from 28.6% a year earlier, and GAAP net income more than tripled. This suggests Mitek is converting growth into stronger earnings. (Business Wire)
Some of the third-quarter strength may not repeat: check-verification revenue benefited from large renewals, while age-verification demand was unusually strong. Mitek expects typical seasonal softness in the fourth quarter and guided to revenue below the latest quarter’s $54 million. (Business Wire)
Check verification faces a long-term headwind from declining cheque use, and management flagged possible renewal-timing pressure. That leaves a large, mature part of the business exposed even as fraud and identity grows. (Benzinga)
Cash conversion weakened: trailing 12-month free cash flow fell to $48.6 million from $55.8 million, while the company had $49.4 million outstanding on a variable-rate term loan. Lower cash generation and interest-rate exposure could constrain financial flexibility. (SEC, Financial Times)
Data summarised monthly by Lightyear AI. Last updated on 14 Oct 2026.
Mitek Financial Performance
Revenues and expenses
Mitek Earnings Performance
Company profitability
Upcoming events
No upcoming events
Mitek News
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Funds containing Mitek
Fund name | Fund size | $MITK weighting |
|---|---|---|
L&G Cyber Security£ISPY | $3.9B | 1.18% |
SPDR Russell 2000 US Small Cap£R2SC | $5.3B | 0.03% |
SPDR Russell 2000 US Small Cap€R2US | $5.3B | 0.03% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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