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Nasdaq · Technology

MITEK SYSTEMS INC (MITK)

As-reported financials and SEC filings for MITEK SYSTEMS INC. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About MITEK SYSTEMS INC

Mitek Systems Inc provides digital identity verification and fraud prevention solutions globally. Its products include Mobile Deposit for remote check deposits, identity verification platforms like MiVIP, and fraud detection tools such as Check Fraud Defender. The company serves financial institutions, fintech firms, telecommunications providers, and digital marketplaces to help them verify identities, prevent fraud, and comply with regulatory requirements.

Snapshot

Revenue
$179.7M
Revenue growth (YoY)
4.4%
Net income
$8.8M
Diluted EPS
$0.19
Gross margin
Operating margin
9.3%
Net margin
4.9%
FCF margin
30.2%
ROE
3.7%
net income / fiscal-year-end equity
P/E
40.9×
trailing when available, otherwise FY EPS
Market cap
$866.8M
Long-term debt / equity
0.00×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended September 30, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Mitek Systems

  • Revenue grew 4.4% to $180M in FY2025, after a 0.3% decline the year before.
  • Operating margin is 9.3% in FY2025, -1.7 pp against 11.1% in FY2021.
  • Most recent quarter Q3 FY2026: revenue $54M, up 18.2% from Q3 FY2025.
  • Free cash flow was $54M in FY2025, 30.2% of revenue.
  • Net income rose 168.3% to $9M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Mitek Systems’s fundamentals sit among the 625 Technology companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin9.3%
67th percentile of 563
Net margin4.9%
57th percentile of 577
FCF margin30.2%
90th percentile of 544
Revenue growth (YoY)+4.4%
36th percentile of 616
ROE3.7%
51st percentile of 540
P/E40.9×
65th percentile of 330
Long-term debt / equity0.00×
1st percentile of 278
Short interest4.52d
66th percentile of 622

Mitek Systems’s long-term debt to equity of 0.00 ranks in the 1st percentile of the 278 Technology companies reporting it. Mitek Systems’s FCF margin of 30.2% ranks in the 90th percentile of the 544 Technology companies reporting it.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+6 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
4
3 trimmed, 1 exited
Combined position
$36.9M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$17.2M854.5KNew
AQR Capital ManagementquantQ2 2026$6.7M332.4KAdded
Citadel AdvisorsquantQ2 2026$6.1M303.0KAdded
Two Sigma InvestmentsquantQ2 2026$2.9M141.9KReduced
Renaissance TechnologiesquantQ2 2026$2.5M123.2KReduced
D. E. ShawquantQ2 2026$872,49543.3KReduced
Polen Capital ManagementQ2 2026$714,69635.5KAdded

No longer held by: Maverick Capital (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
0
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-15
Gafke GarrettChief Operating OfficerSell21.1K$14.19$300K
2026-04-28
Gafke GarrettChief Operating OfficerSell152.5K$13.92$2.1M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
3.6M
settled 2026-08-14
Change vs prior
+9.7%
vs previous settlement
Days to cover
4.52
at avg daily volume
Avg daily volume
806.7K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-143.6M+9.7%4.52
2026-07-313.3M-2.9%4.76
2026-07-153.4M-7.1%4.84
2026-06-303.7M+2.5%2.53
2026-06-153.6M-5.5%3.55
2026-05-293.8M+3.1%3.36
2026-05-153.7M+14.3%2.53
2026-04-303.2M+11.0%3.17

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$179.7M$172.1M$172.6M$144.8M$119.8M
Gross profit
Operating income$16.8M$2.2M$15.6M$12.2M$13.3M
Net income$8.8M$3.3M$8.0M$3.7M$8.0M
Diluted EPS$0.19$0.07$0.17$0.08$0.18

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$154.2M$93.5M$58.9M$32.1M$30.3M
Current assets$248.5M$185.1M$190.0M$137.9M$204.1M
Total assets$459.1M$413.8M$405.4M$364.5M$419.7M
Current liabilities$209.0M$42.1M$51.5M$48.5M$39.2M
Long-term debt$0$2.7M
Total liabilities$218.9M$199.0M$200.2M$193.5M$226.9M
Total equity$240.3M$214.8M$205.2M$171.0M$192.8M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$55.3M$31.7M$31.6M$21.1M$37.3M
Capital expenditure$1.2M$1.4M$1.0M$1.1M$1.4M
Free cash flow$54.2M$30.3M$30.6M$20.0M$36.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$54.0M18.2%$8.4M$0.17
Q2 FY2026$54.8M5.6%$9.5M$0.20
Q1 FY2026$44.2M18.8%$2.8M$0.06
Q4 FY2025$44.8M3.6%$1.9M$0.04
Q3 FY2025$45.7M1.7%$2.4M$0.05
Q2 FY2025$51.9M10.6%$9.2M$0.20
Q1 FY2025$37.3M0.9%$-4.6M$-0.10
Q4 FY2024$43.2M14.8%$8.6M$0.18

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryComputer Peripheral Equipment, NEC
Latest annual periodFY2025 (ended September 30, 2025)
Latest reported quarterQ3 FY2026 (ended June 30, 2026)
Oldest indexed filing2003
SEC CIK807863

Selected SEC filings

10-K2025-12-11
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
10-Q2026-02-05
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-05-07
View on EDGAR →
8-K2026-03-04
View on EDGAR →
8-K2026-02-20
View on EDGAR →

Largest Technology peers

All Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.