MITK
Mitek Systems Inc
NASDAQ: MITK · TECHNOLOGY · SOFTWARE - APPLICATION
$13.96
+2.57% today
Updated 2026-04-30
Market cap
$638.05M
P/E ratio
40.23
P/S ratio
3.42x
EPS (TTM)
$0.35
Dividend yield
—
52W range
$8 – $16
Volume
0.9M
Mitek Systems Inc (MITK) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.02M | $5.57M | $5.23M | $3.62M | $5.12M | $10.27M | $9.09M | $14.80M | $19.15M | $25.37M | $34.70M | $45.39M | $63.56M | $84.59M | $101.31M | $119.80M | $144.80M | $172.55M | $172.08M | $179.69M |
| Revenue growth (YoY) | — | -7.5% | -6.1% | -30.8% | +41.5% | +100.6% | -11.4% | +62.8% | +29.4% | +32.5% | +36.8% | +30.8% | +40.0% | +33.1% | +19.8% | +18.2% | +20.9% | +19.2% | -0.3% | +4.4% |
| Cost of revenue | $1.25M | $633708.00 | $898697.00 | $669357.00 | $950145.00 | $1.17M | $1.26M | $1.60M | $2.15M | $2.47M | $3.40M | $4.04M | $8.69M | $12.27M | $13.19M | $14.54M | $20.01M | $22.95M | $24.39M | $26.79M |
| Gross profit | $4.77M | $4.94M | $4.33M | $2.95M | $4.17M | $9.09M | $7.83M | $13.20M | $17.00M | $22.90M | $31.31M | $41.35M | $54.87M | $72.32M | $88.12M | $105.26M | $124.80M | $149.60M | $147.69M | $152.90M |
| Gross margin | 79.3% | 88.6% | 82.8% | 81.5% | 81.4% | 88.6% | 86.1% | 89.2% | 88.8% | 90.3% | 90.2% | 91.1% | 86.3% | 85.5% | 87.0% | 87.9% | 86.2% | 86.7% | 85.8% | 85.1% |
| R&D | $1.35M | $1.90M | $1.80M | $1.90M | $2.00M | $3.00M | $6.66M | $6.79M | $6.02M | $5.58M | $7.79M | $10.43M | $18.12M | $21.87M | $22.86M | $28.04M | $30.19M | $28.99M | $34.64M | $35.28M |
| SG&A | $3.74M | $3.42M | $1.81M | $1.51M | $1.62M | $3.43M | $5.60M | $7.85M | $9.55M | $7.60M | $8.57M | $11.31M | $17.07M | $19.86M | $22.28M | $22.49M | $65.43M | $43.34M | $52.99M | $44.33M |
| Operating income | $-318609.00 | $-387438.00 | $-754300.00 | $-1.32M | $-383685.00 | $256398.00 | $-7.88M | $-7.30M | $-5.41M | $1.89M | $1.82M | $2.77M | $-7.81M | $-4.59M | $8.87M | $13.28M | $14.00M | $15.56M | $2.23M | $16.79M |
| Operating margin | -5.3% | -7.0% | -14.4% | -36.5% | -7.5% | 2.5% | -86.7% | -49.3% | -28.2% | 7.5% | 5.3% | 6.1% | -12.3% | -5.4% | 8.8% | 11.1% | 9.7% | 9.0% | 1.3% | 9.3% |
| EBITDA | $151291.00 | $-348095.00 | $-709586.00 | $-1.23M | $-209293.00 | $446220.00 | $-7.60M | $-6.94M | $-4.94M | $2.50M | $3.21M | $3.68M | $-3.17M | $4.42M | $17.35M | $22.88M | $10.97M | $38.45M | $25.26M | $36.85M |
| EBITDA margin | 2.5% | -6.2% | -13.6% | -34.0% | -4.1% | 4.3% | -83.6% | -46.9% | -25.8% | 9.8% | 9.3% | 8.1% | -5.0% | 5.2% | 17.1% | 19.1% | 7.6% | 22.3% | 14.7% | 20.5% |
| EBIT | $-318609.00 | $-387438.00 | $-745670.00 | $-1.31M | $-381891.00 | $266929.00 | $-7.84M | $-7.27M | $-5.41M | $1.89M | $1.82M | $2.77M | $-7.80M | $-3.99M | $9.41M | $13.93M | — | $19.40M | $8.35M | $21.39M |
| Interest expense | $0.00 | $0.00 | $294.00 | $5572.00 | $298124.00 | $427547.00 | $239984.00 | $151973.00 | $6445.00 | $3299.00 | $0.00 | $0.00 | $0.00 | $5.53M | $769000.00 | $5.13M | $8.23M | $9.06M | $9.26M | $9.78M |
| Income tax | $800.00 | $800.00 | $2800.00 | $1800.00 | $2338.00 | $2492.00 | $-4008.00 | $1076.00 | $2226.00 | $-543020.00 | $-1000.00 | $-10.92M | $3.07M | $-3.26M | $1.59M | $824000.00 | — | $2.31M | $-4.19M | $2.81M |
| Effective tax rate | -0.1% | -0.2% | -0.4% | -0.1% | -0.3% | -2.0% | 0.1% | -0.0% | -0.0% | -27.4% | -0.1% | -344.4% | -35.1% | 81.8% | 17.0% | 9.4% | 0.0% | 22.4% | 460.6% | 24.2% |
| Net income | $-717326.00 | $-383798.00 | $-748764.00 | $-1.32M | $-682353.00 | $-125057.00 | $-7.84M | $-7.28M | $-5.29M | $2.53M | $1.96M | $14.09M | $-11.81M | $-724000.00 | $7.81M | $7.98M | $3.69M | $8.03M | $3.28M | $8.80M |
| Net income growth (YoY) | — | +46.5% | -95.1% | -76.6% | +48.4% | +81.7% | -6169.1% | +7.2% | +27.3% | +147.7% | -22.4% | +619.3% | -183.8% | +93.9% | +1179.3% | +2.1% | -53.7% | +117.3% | -59.2% | +168.3% |
| Profit margin | -11.9% | -6.9% | -14.3% | -36.5% | -13.3% | -1.2% | -86.2% | -49.1% | -27.6% | 10.0% | 5.6% | 31.0% | -18.6% | -0.9% | 7.7% | 6.7% | 2.6% | 4.7% | 1.9% | 4.9% |