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Mitek Systems

MITK

Mitek Systems is a global leader in digital identity verification and fraud prevention, specializing in AI-driven technologies that secure digital interactions.

Market cap
$809.95M+90.0%
Revenue$197.9M+11.1%
Net income$22.5M+45.3%
Free cash flow$72.4M+53.6%
EPS (diluted)$0.47+42.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 29, 2026 (In 3 weeks)
Revenue estimate$44.7M
EPS estimate$0.17

Financials

Q3 2026

Income statement

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Revenue$54.0M+18.2%
Operating income$11.5M+203%
Net income$8.4M+249%
EPS (diluted)$0.17+240%

Balance sheet

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Cash & equivalents$90.0M-29.2%
Total debt$51.7M+1,798%
Total equity$250.5M+5.4%
Total assets$368.1M-17.6%

Cash flow

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Operating cash flow$27.2M+25.9%
CapEx$1.8M+459%
Free cash flow$25.3M+19.2%

Valuation & ratios

Valuation

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Market cap$809.95M+90.0%
Enterprise value$771.58M+72.2%
P/E35.9×-14.9×
P/S4.1×+1.6×

Profitability

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Operating margin17.8%+6.7pp
Net margin11.4%+2.7pp

Returns & leverage

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Return on equity9.2%+2.3pp
Debt / equity0.2×+0.2×
Current ratio2.7×+1.6×

Segments

By product

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SaaS$24.8M—
Software license and support$3.6M—
Professional services and other$586.0K—

Competitors

Profile

Mitek Systems is a global leader in digital identity verification and fraud prevention, specializing in AI-driven technologies that secure digital interactions. The company provides a platform for mobile check deposit, identity document validation, and biometric authentication to help organizations mitigate risks from deepfakes and synthetic identities. Its value proposition centers on enhancing regulatory compliance and operational efficiency for high-risk digital transactions.

Competitive position

Mitek maintains a leading position through a vertically integrated proprietary technology stack and a dominant market share in the U.S. mobile check deposit market.

GeographiesNorth America, United Kingdom, Europe
Customer segmentsEnterprise, Financial Services, Telecommunications, E-commerce
Business modelSubscription SaaS, Transactional, Software Licensing, Maintenance Services
SuppliersThird-party data providers, Credit bureaus, Cloud infrastructure providers, Hardware manufacturers (mobile devices)
CustomersGlobal financial institutions, Digital banking users, Regulatory compliance departments, Online marketplaces
Listed1987
Employees590.0
CEOEdward H. West
FilingsSEC EDGAR

FAQ

What is Mitek Systems's market cap?
Mitek Systems (MITK) has a market capitalization of $809.9M and trades on NASDAQ.
What is Mitek Systems's revenue and profitability?
Mitek Systems generated $197.9M in trailing twelve-month revenue with net income of $22.5M, representing a net margin of 11.4%. Gross margin stands at 86.7%, with free cash flow of $72.4M. The latest reported period is Q3 2026.
Who are Mitek Systems's competitors?
Mitek Systems's key competitors include Intellicheck, Inc. Common Stock, authID Inc. Common Stock, T Stamp Inc. Class A Common Stock, and others. These companies compete in similar markets and product categories.
What subsidiaries does Mitek Systems have?
Mitek Systems's subsidiaries include ID R&D, Inc., HooYu Ltd..
Where is Mitek Systems headquartered?
Mitek Systems is headquartered in United States of America and employs approximately 590 people. It has been publicly traded since 1987.