Mitek Systems Inc (MITK) Financial Statements
Industry: Computer Peripheral Equipment (Other)
In fiscal 2025, Mitek Systems reported revenue of $179.7M, up 4.4% from $172.1M the year before. Net income was $8.8M (a 4.9% net margin), or $0.19 per diluted share. Gross margin was 9.3% and operating margin was 9.3%. Operating activities generated $55.3M of cash, leaving $54.2M of free cash flow. At fiscal year end, Mitek Systems held $459.1M in total assets against $218.9M in total liabilities, including $154.2M of cash and equivalents.
Open the full interactive Mitek Systems financials → Quarterly statements, key ratios, valuation history and price charts.
Mitek Systems Key Stats
| Share Price | $16.86 |
|---|---|
| Market Cap | $821.2M |
| P/E Ratio | 88.7 |
| Revenue YoY Growth | +4.4% |
| 52-Week Range | $8.65 – $20.14 |
| Shares Outstanding | 45.2 million (basic, 2026 Q3) |
Mitek Systems Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $101.3M | $119.8M | $143.9M | $172.6M | $172.1M | $179.7M |
| Cost of Goods Sold | $92.4M | $106.5M | $132.6M | $157.0M | $169.9M | $162.9M |
| Gross Profit | $8.9M | $13.3M | $11.3M | $15.6M | $2.2M | $16.8M |
| Operating Income | $8.9M | $13.3M | $11.3M | $15.6M | $2.2M | $16.8M |
| Pre-Tax Income | $9.4M | $8.8M | $2.7M | $10.3M | -$909,000 | $11.6M |
| Income Tax | $1.6M | $824,000 | -$295,000 | $2.3M | -$4.2M | $2.8M |
| Net Income | $7.8M | $8.0M | $3.0M | $8.0M | $3.3M | $8.8M |
| Diluted EPS | $0.18 | $0.18 | $0.07 | $0.17 | $0.07 | $0.19 |
Mitek Systems Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $44.8M | $44.2M | $54.8M | $54.0M |
| Net Income | $1.9M | $2.8M | $9.5M | $8.4M |
| Diluted EPS | $0.04 | $0.06 | $0.20 | $0.17 |
Mitek Systems Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $20.0M | $30.3M | $32.1M | $58.9M | $93.5M | $154.2M |
| Current Assets | $84.1M | $204.1M | $129.1M | $190.0M | $185.1M | $248.5M |
| Total Assets | $169.2M | $419.7M | $360.4M | $405.4M | $413.8M | $459.1M |
| Current Liabilities | $24.4M | $39.2M | $40.5M | $51.5M | $42.1M | $209.0M |
| Total Long-Term Debt | — | $120.9M | $128.0M | $135.5M | $2.7M | $4.3M |
| Total Liabilities | $36.9M | $226.9M | $190.1M | $200.2M | $199.0M | $218.9M |
| Shareholders' Equity | $132.2M | $192.8M | $170.3M | $205.2M | $214.8M | $240.3M |
Mitek Systems Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $24.1M | $37.3M | $26.4M | $31.6M | $31.7M | $55.3M |
| Cash From Investing | -$24.7M | -$170.5M | -$3.5M | -$6.8M | $28.7M | $5.8M |
| Cash From Financing | $3.4M | $143.7M | -$21.1M | $1.7M | -$25.9M | -$1.8M |
| Free Cash Flow | $23.3M | $36.0M | $25.2M | $30.6M | $30.2M | $54.2M |
Figures from Mitek Systems' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Mitek Systems financials page for every line item.
Mitek Systems Company Profile
| Ticker | MITK |
|---|---|
| Exchange | Nasdaq |
| Industry | Computer Peripheral Equipment (Other) |
| Headquarters | San Diego, California |
| Incorporated in | Delaware |
| Fiscal Year End | September 30 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0000807863 |
Frequently Asked Questions
What was Mitek Systems' revenue in fiscal 2025?
Mitek Systems (MITK) reported revenue of $179.7M for fiscal 2025.
What is Mitek Systems' annual revenue history?
Mitek Systems' annual revenue by fiscal year: 2020: $101.3M; 2021: $119.8M; 2022: $143.9M; 2023: $172.6M; 2024: $172.1M; 2025: $179.7M.
What was Mitek Systems' net income in fiscal 2025?
Mitek Systems reported net income of $8.8M for fiscal 2025.
What was Mitek Systems' earnings per share (EPS) in fiscal 2025?
Mitek Systems' diluted EPS was $0.19 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Mitek Systems generate in fiscal 2025?
Mitek Systems generated $54.2M of free cash flow in fiscal 2025.
What was Mitek Systems' revenue last quarter?
In its most recent reported quarter (2026 Q3), Mitek Systems reported revenue of $54.0M.
How much debt does Mitek Systems have?
Mitek Systems reported $4.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Mitek Systems are outstanding?
Mitek Systems reported a weighted average of 45.2 million basic shares outstanding in 2026 Q3.
What is Mitek Systems' market cap?
Based on its latest closing price, Mitek Systems (MITK) has a market capitalization of about $821.2M.
When does Mitek Systems' fiscal year end?
Mitek Systems' fiscal year end, as registered with the SEC, is September 30.
Where is Mitek Systems headquartered?
Mitek Systems lists its business address in San Diego, California in its SEC filings.
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