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MITK
Mitek Systems, Inc.
$13.9
0.15
(1.09%)
[ms_data_label text=’Delayed data’]
| Exchange: | NASDAQ |
| Market Cap: | 629.896M |
| Shares Outstanding: | 3.333M |
About The Company
| Sector: | Technology | |||||
| Industry: | Software – Application | |||||
| CEO: | Edward H. West | |||||
| Full Time Employees: | 565 | |||||
| Address: |
| |||||
| Website: | https://www.miteksystems.com |
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.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 172,552 | 172,083 | 179,691 |
| Gross Profit | 149,601 | 147,688 | 152,904 |
| EBITDA | 38,450 | 25,261 | 36,846 |
| Operating Income | 15,564 | 2,231 | 16,790 |
| Net Income | 8,027 | 3,278 | 8,796 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 405,375 | 413,753 | 459,109 |
| Total Liabilities | 200,187 | 198,952 | 218,851 |
| Total Stockholders Equity | 205,188 | 214,801 | 240,258 |
| Total Debt | 141,585 | 151,336 | 159,486 |
| Cash and Cash Equivalents | 58,913 | 93,456 | 154,153 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 31,586 | 31,688 | 55,340 |
| Capital Expenditure | -1,034 | -1,438 | -1,155 |
| Free Cash Flow | 30,552 | 30,250 | 54,185 |
| Net Income | 8,026.999 | 3,278 | 8,796 |
| Net Change in Cash | 26,854.001 | 34,543 | 60,697 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 226,664.961 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 230,042.980 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 228,100 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 43,165.424 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 43,808.724 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 43,438.709 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 75,863.858 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 77,336.395 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 76,600.127 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 109,690.083 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 111,324.809 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 110,384.542 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 1.630 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 1.650 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 1.620 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Revenue Performance: Mitek reported $37.3 million in revenue for fiscal Q1 2025, reflecting consistent demand for its identity verification and mobile deposit solutions. This aligns with positive historical revenue trends from income statements, indicating sustained top-line growth.
- Strong Market Position in Identity Verification: The earnings call highlights robust growth in identity verification products, positioning Mitek as a leader in a high-demand segment. This is supported by the company’s focus on innovation, as evidenced by ongoing investments in product development.
- Healthy Financial Metrics: Key metrics such as gross profit margin and net profit margin (TTM) from the source data suggest operational efficiency. Positive free cash flow (from cash flow statements) further indicates the company’s ability to fund growth initiatives internally.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates MITK intrinsic value between $9.38 – $30.03 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about MITK valuation
Is Mitek Systems, Inc. (MITK) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Mitek Systems, Inc. (MITK) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is MITK a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether MITK trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is MITK’s P/E ratio?
You can see MITK’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for MITK?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is MITK a good long-term investment?
Whether MITK fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
MITK
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1.09
Trading Metrics:
| Open: | [ms_cell_or_dash table='trading_quote' column='open'] | Previous Close: | [ms_cell_or_dash table='trading_quote' column='previousClose'] | |
| Day Low: | [ms_cell_or_dash table='trading_quote' column='dayLow'] | Day High: | [ms_cell_or_dash table='trading_quote' column='dayHigh'] | |
| Year Low: | 6.93 | Year High: | 15.61 | |
| Price Avg 50: | 12.96 | Price Avg 200: | 10.52 | |
| Volume: | 641390 | Average Volume: | 946396 |
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Login — it's freeMITK full analysis
Welcome to MARKETSNAP’s SWOT analysis for Mitek Systems, a company that might not be on everyone’s radar but definitely deserves a closer look if you’re hunting for potential in the tech space. If you’re a long-term investor looking to build wealth with smart picks, stick around as we dive into what makes Mitek tick, break down its strengths, weaknesses, opportunities, and threats, and give you the insights you need to decide if this stock fits your portfolio. Let’s get started!…
