Mitek Financial Statements From 2010 to 2025

Stocks . USA . 
Stock . Mitek Systems
MITK Stock  USD 9.36  0.08  0.85%   
Analyzing historical trends in various income statement and balance sheet accounts from Mitek Systems' financial statements helps investors evaluate the company's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Mitek Systems' valuation are summarized below:
Gross Profit
152.3 M
Profit Margin
0.0751
Market Capitalization
430.1 M
Enterprise Value Revenue
2.5068
Revenue
177.4 M
There are currently one hundred twenty fundamental ratios for Mitek Systems that can be evaluated and compared over time across peers in the industry. We recommend to check Mitek Systems' last-minute fundamental drivers against the all of the trends between 2010 and 2025. Market Cap is expected to rise to about 228.2 M this year. Enterprise Value is expected to rise to about 220.4 M this year

Mitek Systems Total Revenue

207.79 Million

Check Mitek Systems financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mitek Systems' main balance sheet or income statement drivers, such as Depreciation And Amortization of 22.5 M, Interest Expense of 8.5 M or Total Revenue of 207.8 M, as well as many indicators such as Price To Sales Ratio of 2.86, Dividend Yield of 0.0 or PTB Ratio of 1.61. Mitek financial statements analysis is a perfect complement when working with Mitek Systems Valuation or Volatility modules.
  
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Check out the analysis of Mitek Systems Correlation against competitors.
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.

Mitek Systems Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets499.6 M475.8 M203.3 M
Slightly volatile
Short and Long Term Debt Total179.5 M170.9 M57.5 M
Slightly volatile
Other Current Liabilities14.6 M13.9 M9.9 M
Slightly volatile
Total Current Liabilities50.9 M48.5 M23.9 M
Slightly volatile
Total Stockholder Equity259.4 M247 M113.8 M
Slightly volatile
Property Plant And Equipment Net8.7 M8.3 M4.7 M
Slightly volatile
Non Current Assets Total276.2 M263 M108.1 M
Slightly volatile
Net Receivables57.4 M54.6 M21.6 M
Slightly volatile
Common Stock Shares Outstanding57.3 M54.6 M37.5 M
Slightly volatile
Liabilities And Stockholders Equity499.6 M475.8 M203.3 M
Slightly volatile
Non Current Liabilities Total189.3 M180.3 M65.6 M
Slightly volatile
Other Current Assets8.7 M8.3 M3.3 M
Slightly volatile
Other Stockholder Equity298.6 M284.4 M140.1 M
Slightly volatile
Total Liabilities240.2 M228.8 M89.6 M
Slightly volatile
Property Plant And Equipment Gross16.5 M15.8 M6.5 M
Slightly volatile
Total Current Assets223.4 M212.8 M95.2 M
Slightly volatile
Short Term Debt2.3 M1.9 M2.5 M
Pretty Stable
Accounts Payable8.7 M8.3 M3.9 M
Slightly volatile
Cash112.8 M107.5 M33.9 M
Slightly volatile
Non Currrent Assets Other6.3 M6 M6 M
Slightly volatile
Cash And Short Term Investments157.4 M149.9 M70 M
Slightly volatile
Other Liabilities72.5 M69.1 M25.7 M
Slightly volatile
Other Assets78.5 M74.8 M30.1 M
Slightly volatile
Common Stock Total Equity26.4 K50.6 K35.6 K
Slightly volatile
Common Stock29.2 K51.8 K36 K
Slightly volatile
Property Plant Equipment13 M12.3 M5.7 M
Slightly volatile
Current Deferred Revenue25.6 M24.4 M9.3 M
Slightly volatile
Net Tangible Assets123 M117.1 M62.4 M
Slightly volatile
Short Term Investments39.4 M42.4 M36.4 M
Slightly volatile
Capital Surpluse241.4 M229.9 M132.5 M
Slightly volatile
Non Current Liabilities Other5.2 M5 M2.3 M
Slightly volatile
Net Invested Capital234.8 M412.2 M170.2 M
Slightly volatile
Net Working Capital94.6 M164.3 M74.7 M
Slightly volatile
Short and Long Term Debt200 K180 K248.8 K
Slightly volatile
Capital Stock47 K51.8 K41.5 K
Slightly volatile
Capital Lease Obligations5.1 M4.5 M6.6 M
Slightly volatile

Mitek Systems Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization22.5 M21.4 M8.8 M
Slightly volatile
Total Revenue207.8 M197.9 M89 M
Slightly volatile
Gross Profit207.4 M197.5 M81.8 M
Slightly volatile
Other Operating Expenses205.1 M195.3 M88.4 M
Slightly volatile
Cost Of Revenue337.6 K355.4 K7.2 M
Pretty Stable
Total Operating Expenses204.7 M195 M80.8 M
Slightly volatile
Research Development41.8 M39.8 M19.1 M
Slightly volatile
Selling General Administrative64 M60.9 M26.3 M
Slightly volatile
Selling And Marketing Expenses34.9 M36.7 M143.3 M
Slightly volatile
Interest Income73.2 K82.3 K89.7 K
Slightly volatile
Reconciled Depreciation11.2 M19.4 M7.3 M
Slightly volatile

Mitek Systems Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation20.4 M19.4 M7.8 M
Slightly volatile
Other Non Cash Items9.5 M9.1 M3.5 M
Slightly volatile
End Period Cash Flow112.8 M107.5 M33.9 M
Slightly volatile
Begin Period Cash Flow71.1 M67.7 M23.3 M
Slightly volatile
Change To Liabilities1.5 M2.5 M1.8 M
Pretty Stable
Stock Based Compensation15.2 M14.5 M8 M
Slightly volatile
Issuance Of Capital Stock4.2 M5.5 M3 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.862.114.6005
Slightly volatile
PTB Ratio1.611.693.7787
Slightly volatile
Days Sales Outstanding10111679.3968
Slightly volatile
Book Value Per Share4.364.152.5672
Slightly volatile
Average Payables908.1 K1.6 M1.3 M
Slightly volatile
Stock Based Compensation To Revenue0.130.08440.1221
Slightly volatile
Capex To Depreciation0.07270.07650.5628
Slightly volatile
PB Ratio1.611.693.7787
Slightly volatile
EV To Sales2.852.44.5514
Slightly volatile
Inventory Turnover8.559.08.3579
Slightly volatile
Days Of Inventory On Hand48.7141.9648.2819
Slightly volatile
Payables Turnover0.04670.04912.3871
Pretty Stable
Sales General And Administrative To Revenue0.470.350.3309
Slightly volatile
Average Inventory139.7 K133.1 K142.4 K
Slightly volatile
Research And Ddevelopement To Revenue0.320.230.2712
Slightly volatile
Capex To Revenue0.00710.00750.0192
Slightly volatile
Cash Per Share2.652.521.5896
Slightly volatile
Days Payables Outstanding8.1 K7.7 K1.7 K
Slightly volatile
Intangibles To Total Assets0.220.40.2831
Slightly volatile
Current Ratio2.43.953.8009
Very volatile
Receivables Turnover4.13.265.2827
Slightly volatile
Graham Number1.82.432.5267
Slightly volatile
Shareholders Equity Per Share4.364.152.5672
Slightly volatile
Debt To Equity0.940.80.6292
Pretty Stable
Capex Per Share0.01580.02780.0279
Very volatile
Average Receivables4.2 M4 M3.8 M
Slightly volatile
Revenue Per Share4.464.252.2827
Slightly volatile
Interest Debt Per Share3.23.051.298
Slightly volatile
Debt To Assets0.30.410.174
Slightly volatile
Short Term Coverage Ratios70.1735.43109
Slightly volatile
Operating Cycle138116100
Pretty Stable
Price Book Value Ratio1.611.693.7787
Slightly volatile
Days Of Payables Outstanding8.1 K7.7 K1.7 K
Slightly volatile
Company Equity Multiplier2.462.221.9356
Pretty Stable
Long Term Debt To Capitalization0.480.460.2132
Slightly volatile
Total Debt To Capitalization0.460.470.2216
Slightly volatile
Debt Equity Ratio0.940.80.6292
Pretty Stable
Quick Ratio2.273.953.7499
Very volatile
Cash Ratio2.12.01.332
Very volatile
Days Of Inventory Outstanding48.7141.9648.2819
Slightly volatile
Days Of Sales Outstanding10111679.3968
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio1.211.11.1146
Pretty Stable
Cash Flow Coverage Ratios0.180.194.8643
Slightly volatile
Price To Book Ratio1.611.693.7787
Slightly volatile
Fixed Asset Turnover30.2221.4325.4589
Very volatile
Debt Ratio0.30.410.174
Slightly volatile
Cash Flow To Debt Ratio0.180.194.8643
Slightly volatile
Price Sales Ratio2.862.114.6005
Slightly volatile
Asset Turnover0.450.480.5782
Slightly volatile
Gross Profit Margin0.580.90.8328
Pretty Stable
Price Fair Value1.611.693.7787
Slightly volatile

Mitek Systems Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap228.2 M217.4 M194.1 M
Slightly volatile
Enterprise Value220.4 M209.9 M185.9 M
Slightly volatile

Mitek Fundamental Market Drivers

Forward Price Earnings9.8328
Cash And Short Term Investments130.3 M

Mitek Upcoming Events

3rd of September 2024
Upcoming Quarterly Report
View
12th of September 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
4th of July 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
30th of September 2022
Last Financial Announcement
View

About Mitek Systems Financial Statements

Mitek Systems investors utilize fundamental indicators, such as revenue or net income, to predict how Mitek Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue24.4 M25.6 M
Total Revenue197.9 M207.8 M
Cost Of Revenue355.4 K337.6 K
Stock Based Compensation To Revenue 0.08  0.13 
Sales General And Administrative To Revenue 0.35  0.47 
Research And Ddevelopement To Revenue 0.23  0.32 
Capex To Revenue 0.01  0.01 
Revenue Per Share 4.25  4.46 
Ebit Per Revenue 0.01  0.01 

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When determining whether Mitek Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Mitek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Mitek Systems Stock. Highlighted below are key reports to facilitate an investment decision about Mitek Systems Stock:
How To Invest In Mitek
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Is Mitek Stock a good investment?
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What is Mitek Systems' Net Worth?
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Largest Application Software Companies
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Largest Software - Application Companies
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Check out the analysis of Mitek Systems Correlation against competitors.
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mitek Systems. If investors know Mitek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mitek Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
32.261
Earnings Share
0.29
Revenue Per Share
3.855
Quarterly Revenue Growth
0.106
Return On Assets
0.0278
The market value of Mitek Systems is measured differently than its book value, which is the value of Mitek that is recorded on the company's balance sheet. Investors also form their own opinion of Mitek Systems' value that differs from its market value or its book value, called intrinsic value, which is Mitek Systems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mitek Systems' market value can be influenced by many factors that don't directly affect Mitek Systems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Please note, there is a significant difference between Mitek Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mitek Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitek Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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