What is Mitek Systems's net debt?

Mitek Systems (MITK) reported net debt of -$16.67M in Q1 2026.

How has Mitek Systems's net debt changed year-over-year?

Mitek Systems's net debt increased by 83.6% year-over-year, from -$101.83M to -$16.67M.

What is the long-term trend for Mitek Systems's net debt?

Over 5 years (2020 to 2025), Mitek Systems's net debt has grown at a -39.3% compound annual growth rate (CAGR), from -$12.89M to $1.06M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Mitek Systems MITK Net debt

Discontinued — last reported Q2 '26

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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$797.05M+84.9%

Enterprise value$780.38M+137%

P/E48.1×+15.8×

P/S4.2×+1.8×

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

See full

Return on equity7.2%+1.1pp

Debt / equity0.2×+0.2×

Current ratio2.6×+1.6×

Where this comes from

Calculated from Mitek Systems’s reported figures.

$52.5Mtotal debt−$69.2Mcash and equivalents=-$16.67M

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 net debt?: Mitek Systems (MITK) reported net debt of -$16.67M in Q1 2026.
How has Mitek Systems's net debt changed year-over-year?: Mitek Systems's net debt increased by 83.6% year-over-year, from -$101.83M to -$16.67M.
What is the long-term trend for Mitek Systems's net debt?: Over 5 years (2020 to 2025), Mitek Systems's net debt has grown at a -39.3% compound annual growth rate (CAGR), from -$12.89M to $1.06M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.