Saturday 17 October 2026 Export MITK’s income statement to Excel — free account

Mitek Systems, Inc.

Mitek Systems, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $179.7 million, up 4.42% from fiscal 2024. In the quarter to June 2026, revenue grew 18.2%, EPS grew 280.0% and free cash flow grew 19.2%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

16.11 0.77 −4.56%

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Market cap: $761.7M
P/E: 32.2×
Fwd P/E: 36.0×
Dividend yield: —
F-score: 6/9
Altman Z: 1.76
Beneish M: −2.86
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 3.50

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	1	1	1	—	—	—	—	—

Insider Ownership 5.52%

Capital & Financial Ratios $m

Market Cap 761.66

Revenue 197.90

Net Income 22.54

Free Cash Flow 48.61

Net Debt (50.34)

Current Ratio 2.74

Debt/Equity 0.20

P/E ratio 32.22

Fwd P/E 36.00

P/S ratio 3.68

P/B ratio 2.91

Past 5Y EPS Growth 1.09%

This Y EPS Growth 21.68%

Next Y EPS Growth 2.08%

Next Y revenue growth 9.97%

Next 5Y EPS Growth 14.35%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 10.67%

10-year low 10-year high

P/S against its own 10 years 38.59%

10-year low 10-year high

P/B against its own 10 years 39.70%

10-year low 10-year high

EV/Sales against its own 10 years 30.26%

10-year low 10-year high

EV/FCF against its own 10 years 13.05%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	134	130	193	100
Receivables	32	32	37	52
Inventory	—	—	—	—
Other	21	19	16	12
	190	185	248	168

	2023	2024	2025	Q'26
Payables	8	7	4	4
ST’ Debt	—	—	—	3
Other	9	2	6	1
	51	42	209	61

Compound Annual Growth %

	10y	5y	3y
Sales	21.63%	12.14%	7.46%
Cash Flow	24.66%	18.07%	37.87%
Earnings	13.29%	2.40%	33.54%
Book Value	22.95%	12.68%	12.01%

Revenue $m

	Dec	Mar	Jun	Sep	Year
’26	44	55	54	—	—
’25	37	52	46	45	180
’24	37	47	45	43	172
’23	46	46	43	38	173
’22	32	34	39	40	145
’21	26	29	32	33	120
’20	22	23	25	31	101

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	8	(1)	27	—	—
’25	1	14	22	19	55
’24	(9)	7	13	21	32
’23	5	6	17	3	32
’22	2	7	6	5	21
’21	9	7	9	12	37
’20	5	3	9	7	24

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	7	(2)	25	—	—
’25	0	14	21	19	54
’24	(10)	7	13	21	30
’23	5	6	16	3	31
’22	2	7	6	5	20
’21	8	7	9	12	36
’20	5	3	9	6	23

Fiscal quarters ending in the months shown.

EPS $

	Dec	Mar	Jun	Sep	Year
’26	0.06	0.20	0.17	—	—
’25	(0.10)	0.20	0.05	0.04	0.19
’24	(0.13)	0.01	0.00	0.18	0.07
’23	0.10	0.10	(0.01)	(0.03)	0.17
’22	0.07	0.01	0.00	0.01	0.07
’21	0.05	0.02	0.07	0.05	0.19
’20	0.01	0.02	0.03	0.12	0.18

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	3.95	5.50	6.32	6.96	5.26	13.52	8.32	8.60	7.35	6.93	Analyst estimates 2026–2028 Powerpack
	High	9.49	10.75	10.93	13.07	19.88	23.29	17.85	13.98	16.24	11.39
People
People	Employees	117	141	308	284	360	448	588	590	630	595
	Revenue/emp, $m	0.30	0.32	0.21	0.30	0.28	0.27	0.25	0.29	0.27	0.30
Income, $m
Income, $m	Revenue	35	45	64	85	101	120	145	173	172	180
	Gross margin, %	90.22	91.10	86.33	85.50	86.98	87.86	86.18	86.70	85.82	85.09
	EBT	2	3	(9)	(4)	9	9	4	10	(1)	12
	EBT margin, %	5.64	6.99	(13.75)	(4.71)	9.29	7.35	2.49	5.99	(0.53)	6.46
	Net income	2	14	(12)	(1)	8	8	4	8	3	9
	Depreciation	3	3	5	8	8	15	25	27	24	25
Per share, $
Per share, $	Revenue	1.10	1.37	1.77	2.15	2.45	2.75	3.25	3.79	3.70	3.93
	Earnings	0.06	0.43	(0.33)	(0.02)	0.19	0.19	0.07	0.18	0.07	0.19
	Cash flow	0.25	0.32	0.16	0.36	0.58	0.86	0.47	0.69	0.68	1.21
	Capex	(0.01)	(0.01)	(0.12)	(0.03)	(0.02)	(0.03)	(0.03)	(0.02)	(0.03)	(0.03)
	Free cash flow	0.24	0.30	0.04	0.34	0.56	0.83	0.45	0.67	0.65	1.19
	Book value	1.25	1.86	2.66	2.73	3.19	4.43	3.83	4.51	4.61	5.26
	Shares, m	32	33	36	39	41	44	45	46	47	46
Valuation, ×
Valuation, ×	P/E	138.17	23.10	0.00	0.00	69.31	97.37	110.23	62.12	122.80	51.42
	P/S	7.55	7.07	3.80	4.49	5.21	6.72	2.82	2.79	2.35	2.49
	P/B	6.63	5.23	2.53	3.54	3.99	4.17	2.39	2.34	1.88	1.86
	EV/Sales	6.57	6.13	3.53	4.09	4.69	6.65	3.10	2.81	2.44	2.23
	EV/FCF	29.98	27.95	170.01	26.27	20.39	22.16	22.43	15.87	13.86	7.41
Cash, $m
Cash, $m	Operating cash flow	8	10	6	14	24	37	21	32	32	55
	Capex	0	0	(4)	(1)	(1)	(1)	(1)	(1)	(1)	(1)
	Free cash flow	8	10	1	13	23	36	20	31	30	54
Balance, $m
Balance, $m	Working capital	32	41	17	34	60	165	89	139	143	39
	Total debt	—	—	1	0	6	169	128	136	144	—
	Net debt	(34)	(43)	(17)	(33)	(54)	(10)	38	2	13	(193)
	Shareholders’ equity	39	61	95	107	132	193	171	205	215	240
Returns, %
Returns, %	ROA	4.50	23.47	(11.87)	(0.55)	5.12	2.71	0.94	2.09	0.80	2.02
	ROIC	20.31	9.19	(6.22)	(3.85)	7.09	4.54	3.65	4.70	0.61	22.21
	ROE	5.60	27.93	(15.06)	(0.71)	6.52	4.91	2.03	4.27	1.56	3.87

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PUBM PubMatic, Inc.	$812.2M	— (loss-making)	— (loss-making)	+10.55% (above 0%: growing)	n/m	+47.47% (above 0%: growing)	67.07%	0.74%	Compare
MNTN MNTN Inc.	$784.7M	13.2×	10.3×	+20.56% (above 0%: growing)	n/m	+87.71% (above 0%: growing)	80.32%	8.62%	Compare
SMWB Similarweb Ltd.	$770.0M	— (loss-making)	— (loss-making)	+8.76% (above 0%: growing)	n/m	+217.42% (above 0%: growing)	80.73%	0.96%	Compare
MITK Mitek Systems, Inc.	$761.7M	32.2×	36.0×	+18.17% (above 0%: growing)	+280.00% (above 0%: growing)	+19.18% (above 0%: growing)	84.86%	21.36%
YALA Truth Social God Bless America ETF	$719.4M	6.2×	6.7×	−2.31% (below 0%: shrinking)	−12.50% (below 0%: shrinking)	+9,191.70% (above 0%: growing)	67.55%	23.49%	Compare
PAR PAR Technology Corporation	$717.6M	— (loss-making)	— (loss-making)	+18.69% (above 0%: growing)	n/m	+142.91% (above 0%: growing)	42.41%	(9.67%)	Compare
VTEX VTEX	$714.8M	24.6×	19.5×	+9.52% (above 0%: growing)	+200.00% (above 0%: growing)	+79.12% (above 0%: growing)	80.31%	15.00%	Compare
DCBO Docebo Inc.	$701.6M	23.6×	17.2×	+13.04% (above 0%: growing)	−10.00% (below 0%: shrinking)	−154.48% (below 0%: shrinking)	79.44%	3.76%	Compare
SPT Sprout Social, Inc.	$701.5M	— (loss-making)	— (loss-making)	+10.80% (above 0%: growing)	n/m	+87.64% (above 0%: growing)	77.59%	(2.16%)	Compare
Median of peers	$718.5M	18.4×	13.8×	+10.68%	−10.00%	+87.67%	78.52%	2.36%

All 237 Software Application stocks →

Mitek Systems, Inc. (MITK) key facts

Strength: Mitek Systems, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $179.7 million, up 4.42% from fiscal 2024.
Mitek Systems, Inc. (MITK) is a Software Application company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, MITK traded at $16.11, a market capitalization of $761.7 million.
Return on equity was 3.87% and debt-to-equity 0.20.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.76 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.