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Technology - Software - Application - NASDAQ - US
$ 10.26
0.409 %
$ 467 M
Market Cap
33.83
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one MITK stock under the worst case scenario is HIDDEN Compared to the current market price of 10.3 USD, Mitek Systems, Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one MITK stock under the base case scenario is HIDDEN Compared to the current market price of 10.3 USD, Mitek Systems, Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one MITK stock under the best case scenario is HIDDEN Compared to the current market price of 10.3 USD, Mitek Systems, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart MITK

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$11.5$11.5$11.0$11.0$10.5$10.5$10.0$10.0$9.5$9.5$9.0$9.0$8.5$8.5$8.0$8.0$7.5$7.5$7.0$7.015 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '25
FINANCIALS
172 M REVENUE
-0.27%
2.23 M OPERATING INCOME
-85.67%
3.28 M NET INCOME
-59.16%
31.7 M OPERATING CASH FLOW
0.32%
28.7 M INVESTING CASH FLOW
523.73%
-25.9 M FINANCING CASH FLOW
-1521.58%
51.9 M REVENUE
39.39%
11.4 M OPERATING INCOME
469.71%
9.15 M NET INCOME
298.44%
13.7 M OPERATING CASH FLOW
2332.39%
-380 K INVESTING CASH FLOW
-45.24%
36 K FINANCING CASH FLOW
101.15%
Balance Sheet Mitek Systems, Inc.
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Current Assets 185 M
Cash & Short-Term Investments 130 M
Receivables 47.5 M
Other Current Assets 7.21 M
Non-Current Assets 229 M
Long-Term Investments 11.4 M
PP&E 7.23 M
Other Non-Current Assets 210 M
31.50 %11.48 %50.77 %Total Assets$413.8m
Current Liabilities 42.1 M
Accounts Payable 7.24 M
Short-Term Debt 1.61 M
Other Current Liabilities 33.3 M
Non-Current Liabilities 157 M
Long-Term Debt 148 M
Other Non-Current Liabilities 8.97 M
3.64 %16.74 %74.30 %4.51 %Total Liabilities$199.0m
EFFICIENCY
Earnings Waterfall Mitek Systems, Inc.
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Revenue 172 M
Cost Of Revenue 309 K
Gross Profit 172 M
Operating Expenses 170 M
Operating Income 2.23 M
Other Expenses -1.05 M
Net Income 3.28 M
180m180m160m160m140m140m120m120m100m100m80m80m60m60m40m40m20m20m00172m(309k)172m(170m)2m1m3mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
99.82% GROSS MARGIN
99.82%
1.30% OPERATING MARGIN
1.30%
1.90% NET MARGIN
1.90%
1.53% ROE
1.53%
0.79% ROA
0.79%
-2.16% ROIC
-2.16%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Mitek Systems, Inc.
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40m40m35m35m30m30m25m25m20m20m15m15m10m10m5m5m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 3.28 M
Depreciation & Amortization 16.9 M
Capital Expenditures -1.44 M
Stock-Based Compensation 12.6 M
Change in Working Capital 1.4 M
Others 4.67 M
Free Cash Flow 30.2 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Mitek Systems, Inc.
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Wall Street analysts predict an average 1-year price target for MITK of $12.6 , with forecasts ranging from a low of $9.5 to a high of $15 .
MITK Lowest Price Target Wall Street Target
9.5 USD -7.41%
MITK Average Price Target Wall Street Target
12.6 USD 23.05%
MITK Highest Price Target Wall Street Target
15 USD 46.20%
Price
Max Price Target
Min Price Target
Average Price Target
151514141313121211111010998877Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 11
6. Ownership
Insider Ownership Mitek Systems, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
369 K USD 1
6-9 MONTHS
152 K USD 3
9-12 MONTHS
266 K USD 1
Bought
0 USD 0
0-3 MONTHS
775 K USD 4
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Is the Options Market Predicting a Spike in Mitek Systems Stock? Investors need to pay close attention to MITK stock based on the movements in the options market lately. zacks.com - 2 weeks ago
Mitek Announces Participation in Upcoming Investor Conferences SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK, www.miteksystems.com, “Mitek” or the “Company”), a global leader in digital identity verification, mobile capture and fraud management, today announced that its CEO, Ed West and CFO, Dave Lyle will participate in the following investor conferences: 22nd Annual Craig-Hallum Institutional Investor Conference. Mitek management will be hosting meetings at the conference in Minneapolis on May 28, 2025. William Blair's 45th Annual Growth. businesswire.com - 3 weeks ago
Mitek Systems, Inc. (MITK) Q2 2025 Earnings Call Transcript Mitek Systems, Inc. (NASDAQ:MITK ) Q2 2025 Earnings Conference Call May 8, 2025 5:00 PM ET Company Participants Todd Kehrli - Investor Relations, PondelWilkinson Ed West - Chief Executive Officer Dave Lyle - Chief Financial Officer Conference Call Participants Jake Roberge - William Blair Derek Greenberg - Maxim Group LLC Operator Good afternoon and welcome to the Mitek's Fiscal 2025 Second Quarter Earnings Conference Call. All participants will be in listen-only mode. seekingalpha.com - 1 month ago
Compared to Estimates, Mitek Systems (MITK) Q2 Earnings: A Look at Key Metrics The headline numbers for Mitek Systems (MITK) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 1 month ago
Mitek Systems (MITK) Q2 Earnings and Revenues Top Estimates Mitek Systems (MITK) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.24 per share a year ago. zacks.com - 1 month ago
Mitek Appoints Industry Expert Garrett Gafke as Chief Operating Officer to Accelerate Growth and Innovation SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification, fraud prevention, and biometrics, today announced the appointment of Garrett Gafke as Chief Operating Officer. A recognized entrepreneur and Fortune 500 executive, Mr. Gafke brings decades of experience scaling and transforming technology businesses across risk, fraud, and digital identity. As part of Mitek's strategy to accelerate growth through innovation and operational excellenc. businesswire.com - 1 month ago
Mitek to Report Fiscal 2025 Second Quarter Financial Results on May 8, 2025 SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification, mobile capture, and fraud management, today announced that it will release its financial results for the second quarter of the fiscal year 2025, which ended March 31, 2025, after the U.S. market closes on Thursday, May 8, 2025. Mitek will discuss the results during a conference call and live webcast at 2:00 p.m. Pacific time (5:00 p.m. Eastern time). Mitek CEO Ed West and CFO Dave L. businesswire.com - 1 month ago
Mitek Systems: Secular Growth Opportunity From AI-Based Threat MITK, a digital identity verification software company, faces a secular growth opportunity driven by rising AI-based identity fraud, particularly benefiting its new product, Check Fraud Defender (CFD). Despite recent underperformance, I assign MITK a buy rating with a $10.6 target price, projecting a 15% upside by FY 2025. Slowed revenue growth resulting in net losses created appearance of underperformance due to revenue timing issues. But no meaningful structural issues exist. Balance sheet remains strong. seekingalpha.com - 3 months ago
ID R&D Delivers Industry Leading Liveness Results in U.S. Homeland Security Evaluation of Remote Identity Validation Systems SAN DIEGO--(BUSINESS WIRE)-- #DHS--ID R&D, a Mitek Systems company, excelled in the DHS Science and Technology Directorate's evaluation of remote identity validation systems. businesswire.com - 3 months ago
Mitek Systems, Inc. (MITK) Q1 2025 Earnings Call Transcript Mitek Systems, Inc. (NASDAQ:MITK ) Q1 2025 Earnings Conference Call February 10, 2025 5:00 PM ET Company Participants Todd Kehrli - Investor Relations, PondelWilkinson Ed West - Chief Executive Officer Dave Lyle - Chief Financial Officer Conference Call Participants Jake Roberge - William Blair Mike Grondahl - Northland Securities Allen Klee - Maxim Group Surinder Thind - Jefferies Operator Good afternoon, and welcome to the Mitek Fiscal 2025 First Quarter Earnings Conference Call. All participants will be in listen-only mode. seekingalpha.com - 4 months ago
Mitek Systems (MITK) Beats Q1 Earnings and Revenue Estimates Mitek Systems (MITK) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.14 per share a year ago. zacks.com - 4 months ago
Mitek Reports Fiscal 2025 First Quarter Financial Results SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK, www.miteksystems.com, “Mitek” or the “Company”), a global leader in digital identity verification, mobile capture and fraud management, today reported financial results for its first quarter ended December 31, 2024 and raised the lower end of its Adjusted EBITDA margin guidance range for its fiscal 2025 full year ending September 30, 2025 (“fiscal 2025”). “We delivered a solid first quarter, with results ahead of our expectations in. businesswire.com - 4 months ago
8. Profile Summary

Mitek Systems, Inc. MITK

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COUNTRY US
INDUSTRY Software - Application
MARKET CAP $ 467 M
Dividend Yield 0.00%
Description 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.
Contact 600 B Street, San Diego, CA, 92101 https://www.miteksystems.com
IPO Date Jan. 3, 1989
Employees 565
Officers Mr. Edward H. West Chief Executive Officer & Director Mr. David B. Lyle Chief Financial Officer Mr. Alexey Khitrov Chief Technology Officer & Chief Innovation Officer Ms. Cindy White Chief Marketing Officer Ms. Judith Ohrn Hicks Senior Vice President of People Operations Mr. Todd Kehrli Investor Contacts Mr. Jason L. Gray J.D. Chief Legal Officer, Chief Compliance Officer & Corporate Secretary Mr. Michael E. Diamond GM & Senior Vice President of Digital Banking Mr. Christopher Briggs Senior Vice President of Identity, Chief Product Officer & Head of Products Mr. Garrett V. Gafke Chief Operating Officer