Mitek Systems, Inc. (MITK)

NASDAQ: MITK · Real-Time Price · USD

16.87

+0.96 (6.03%)

At close: Jul 24, 2026, 4:00 PM EDT

16.20

-0.67 (-3.96%)

After-hours: Jul 24, 2026, 7:34 PM EDT

Mitek Systems Financials Overview

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	189.59	179.69	172.08	172.55	144.8	119.8
Revenue Growth	6.88%	4.42%	-0.27%	19.16%	20.87%	18.25%
Gross Profit	158.32	152.9	147.69	149.6	124.8	105.26
Operating Income	27.49	16.79	2.23	15.56	12.2	13.28
Net Income	16.56	8.8	3.28	8.03	3.69	7.98
Earnings Per Share	0.35	0.19	0.07	0.17	0.08	0.18
EPS Growth	25.00%	171.43%	-58.82%	112.50%	-55.56%	0%

Revenue by Geography

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
United States	143.28	136.2	135.34	134.96	113.5	92.83
United Kingdom	23.38	21.48	17.61	-	-	-
All Other Countries	22.93	22.02	19.13	37.6	31.31	-
Total	189.59	179.69	172.08	172.55	144.8	119.8

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Cash & Investments	77.59	193.01	130.34	133.61	90.33	179.37
Total Debt	52.52	155.19	148.64	140.29	134.19	129.45
Net Cash (Debt)	25.07	37.83	-18.3	-6.67	-43.86	49.92
Net Cash Growth	-	-	-	-	-	-5.59%
Net Cash Per Share	0.53	0.81	-0.39	-0.14	-0.96	1.11

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Operating Cash Flow	48.11	55.34	31.69	31.59	21.12	37.34
Capital Expenditures	-3.57	-1.16	-1.44	-1.03	-1.13	-1.39
Free Cash Flow	44.54	54.19	30.25	30.55	19.99	35.95
Free Cash Flow Growth	-5.46%	79.12%	-0.99%	52.81%	-44.39%	54.18%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Gross Margin	83.50%	85.09%	85.82%	86.70%	86.18%	87.86%
Operating Margin	14.50%	9.34%	1.30%	9.02%	8.43%	11.08%
Pretax Margin	12.44%	6.46%	-0.53%	5.99%	2.49%	7.35%
Profit Margin	8.74%	4.90%	1.90%	4.65%	2.55%	6.66%
FCF Margin	23.49%	30.15%	17.58%	17.71%	13.81%	30.01%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 26, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
PE Ratio	49.31	51.42	123.86	63.06	114.50	102.78
Forward PE	15.17	9.87	11.38	14.01	10.58	22.94
P/FCF Ratio	17.10	8.23	12.90	16.00	20.47	22.73
PS Ratio	4.02	2.48	2.27	2.83	2.83	6.82