What is Mitek Systems's current ratio?

Mitek Systems (MITK) reported current ratio of 2.6× in Q1 2026.

How has Mitek Systems's current ratio changed year-over-year?

Mitek Systems's current ratio increased by 150.4% year-over-year, from 1× to 2.6×.

What is the long-term trend for Mitek Systems's current ratio?

Over 5 years (2020 to 2025), Mitek Systems's current ratio has grown at a -19.2% compound annual growth rate (CAGR), from 3.5× to 1.2×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

Mitek Systems MITK Current ratio

Current ratio at other companies

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1.3×-0.1×

Clear SecureYOU

1×+0.2×

Other financials

Income statement

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Revenue$54.8M+5.6%

Gross profit$31.4M-8.8%

Operating income$13.5M+19.2%

Net income$9.5M+4.2%

EPS (diluted)$0.200.0%

Balance sheet

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Cash & equivalents$69.2M-33.9%

Total debt$52.5M+1,729%

Total equity$239.5M+8.7%

Total assets$356.9M-16.1%

Cash flow

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Operating cash flow$8.0M+1,319%

CapEx$1.6M+569%

Free cash flow$6.6M+2,766%

Valuation

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Market cap$784.86M+82.1%

Enterprise value$768.19M+133%

P/E47.4×+15.0×

P/S4.1×+1.7×

Profitability

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Gross margin86.7%+0.5pp

Operating margin14.5%+5.1pp

Net margin8.7%+1.2pp

FCF margin32.4%+9.1pp

Returns & leverage

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Return on equity7.2%+1.1pp

Debt / equity0.2×+0.2×

Where this comes from

Calculated from Mitek Systems’s reported figures.

total current assets/total current liabilities=2.6×

Based on the most recent quarter.

The official record: Mitek Systems’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mitek Systems's current ratio?: Mitek Systems (MITK) reported current ratio of 2.6× in Q1 2026.
How has Mitek Systems's current ratio changed year-over-year?: Mitek Systems's current ratio increased by 150.4% year-over-year, from 1× to 2.6×.
What is the long-term trend for Mitek Systems's current ratio?: Over 5 years (2020 to 2025), Mitek Systems's current ratio has grown at a -19.2% compound annual growth rate (CAGR), from 3.5× to 1.2×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.