Mitek Systems, Inc.
General ticker "MITK" information:
- Sector: Information Technology
- Industry: Software - Application
- Capitalization: $506.3M (TTM average)
Mitek Systems, Inc. follows the US Stock Market performance with the rate: 60.3%.
Estimated limits based on current volatility of 2.8%: low 17.88$, high 18.76$
Factors to consider:
- Total employees count: 595 (-5.6%) as of 2025
- US accounted for 78.7% of revenue in the fiscal year ended 2024-09-30
- Top business risk factors: Technology market acceptance, Third-party risks, Decline in check usage trends, Intellectual property risks, Market competition
- Current price 41.7% above estimated high
- Earnings for 9 months up through Q3 exceed our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2025-09-30 to 2027-09-30
- 2025-09-30 to 2026-09-30 estimated range: [8.71$, 13.30$]
- 2026-09-30 to 2027-09-30 estimated range: [9.79$, 14.70$]
Financial Metrics affecting the MITK estimates:
- Positive: with PPE of 10.4 at the end of fiscal year the price was low
- Positive: 7.80 < Operating profit margin, % of 9.34
- Positive: 6.77 < Operating cash flow per share per price, % of 12.04
- Negative: 0.75 < Interest expense per share per price, % of 2.13
- Negative: Industry earnings per price (median), % of 0 <= 0
- Negative: Industry operating cash flow per share per price (median), % of 0.96 <= 5.56
- Positive: 42.26 < Shareholder equity ratio, % of 52.33 <= 63.63
- Positive: Industry inventory ratio change (median), % of -0.33 <= -0.14
- Positive: 1.88 < Return on assets ratio (scaled to [-100,100]) of 1.88
Short-term MITK quotes
Long-term MITK plot with estimates
Financial data
| YTD | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|
| Operating Revenue | $172.55MM | $172.08MM | $179.69MM |
| Operating Expenses | $156.99MM | $169.85MM | $162.90MM |
| Operating Income | $15.56MM | $2.23MM | $16.79MM |
| Non-Operating Income | $-5.22MM | $-3.14MM | $-5.18MM |
| Interest Expense | $9.06MM | $9.26MM | $9.78MM |
| R&D Expense | $28.99MM | $34.64MM | $35.28MM |
| Income(Loss) | $10.34MM | $-0.91MM | $11.61MM |
| Taxes | $2.31MM | $-4.19MM | $2.81MM |
| Net Income(Loss)* | $8.03MM | $3.28MM | $8.80MM |
| Stockholders Equity | $205.19MM | $214.80MM | $240.26MM |
| Assets | $405.38MM | $413.75MM | $459.11MM |
| Operating Cash Flow | $31.59MM | $31.69MM | $55.34MM |
| Capital expenditure | $1.03MM | $1.44MM | $1.16MM |
| Investing Cash Flow | $-6.78MM | $28.75MM | $5.83MM |
| Financing Cash Flow | $1.70MM | $-25.88MM | $-1.85MM |
| Earnings Per Share** | $0.18 | $0.07 | $0.19 |
* Profit(Loss) attributable to entity.
** EPS are Split Adjusted, recent splits may be reflected with a delay.