MITK Financials Mitek Systems Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Aug 9, 2026, 10:19 UTC Overview →

Growth & profitability

Revenue has grown 12.1% per year over the past 5 years.
Net income has grown slower than revenue (2.4% vs 12.1% per year).
Operating margin has been roughly flat, at 9.3% in the latest year.
Free cash flow has grown 18.4% per year over the past 5 years.

Financial health

The company holds more cash ($154M) than total debt ($152M).
Total debt has grown faster than revenue (5543.9% vs 12.1% per year).
Operating income covered interest expense 1.7× in the latest year.
Total debt is 8.4× EBITDA.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$180M	$9M	0.0%	9.3%	3.7%	1.9%	$54M	$152M	$154M
2024	$172M	$3M	0.0%	1.3%	1.5%	0.8%	$30M	$3M	$93M
2023	$173M	$8M	0.0%	9.0%	3.9%	2.0%	$31M	—	$59M
2022	$145M	$4M	0.0%	8.4%	2.2%	1.0%	$20M	—	$32M
2021	$120M	$8M	0.0%	11.1%	4.1%	1.9%	$36M	—	$30M
2020	$101M	$8M	0.0%	8.8%	5.9%	4.6%	$23M	—	$20M
2019	$85M	-$724000	0.0%	-5.4%	-0.7%	-0.5%	$13M	—	$17M
2018	$64M	-$12M	0.0%	-12.3%	-12.4%	-9.3%	$1M	—	$9M
2017	$45M	$14M	0.0%	6.1%	22.9%	19.6%	$10M	—	$12M
2016	$35M	$2M	0.0%	5.3%	5.0%	4.0%	$8M	—	$9M
2015	—	$3M	—	—	8.3%	6.5%	$6M	—	$3M
2014	—	-$5M	—	—	-22.1%	-17.0%	—	—	$8M
2013	—	-$7M	—	—	-28.3%	-22.1%	-$2M	—	$23M
2012	—	-$8M	—	—	-57.8%	-46.9%	-$2M	—	$7M
2011	—	-$125057	—	—	-0.7%	-0.6%	$111810	—	$6M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$54M	$8M	0.0%	21.4%	3.3%	2.3%	$25M	$49M	$90M
Mar '26	$55M	$10M	0.0%	24.7%	4.0%	2.7%	-$2M	$50M	$69M
Dec '25	$44M	$3M	0.0%	12.3%	1.2%	0.6%	$7M	$5M	$175M
Sep '25	$45M	$2M	0.0%	10.5%	0.8%	0.4%	$19M	$152M	$154M
Jun '25	$46M	$2M	0.0%	8.3%	1.0%	0.5%	$21M	—	$127M
Mar '25	$52M	$9M	0.0%	21.9%	4.2%	2.2%	$14M	—	$105M
Dec '24	$37M	-$5M	0.0%	-8.3%	-2.3%	-1.2%	$230000	—	$91M
Sep '24	$43M	$9M	0.0%	17.8%	4.0%	2.1%	$21M	$3M	$93M
Jun '24	$45M	$216000	0.0%	1.6%	0.1%	0.1%	$13M	—	$84M
Mar '24	$47M	$282000	0.0%	1.5%	0.1%	0.1%	$7M	—	$81M
Dec '23	$37M	-$6M	0.0%	-18.7%	-2.7%	-1.4%	-$10M	—	$65M
Sep '23	$38M	-$1M	83.3%	-8.7%	-0.7%	-0.4%	$3M	—	$59M
Jun '23	$43M	-$428000	86.7%	4.2%	-0.2%	-0.1%	$16M	—	$87M
Mar '23	$46M	$5M	87.2%	18.8%	2.5%	1.3%	$6M	—	$83M
Dec '22	$46M	$5M	88.9%	18.3%	2.5%	1.2%	$5M	—	$57M
Sep '22	$40M	$351000	86.8%	9.6%	0.2%	0.1%	$5M	—	$32M
Jun '22	$39M	-$215000	85.2%	2.3%	-0.1%	-0.1%	$6M	—	$22M
Mar '22	$34M	$435000	86.7%	8.0%	0.2%	0.1%	$7M	—	$24M
Dec '21	$32M	$3M	86.0%	14.9%	1.7%	0.8%	$2M	—	$24M
Sep '21	$33M	$2M	90.4%	11.8%	0.9%	0.4%	$12M	—	$30M

Valuation over time

How the market has priced MITK against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 117.0× (Mar '23) to 93.0× (Nov '26).
The price-to-sales ratio has risen from 3.0× (Mar '23) to 4.6× (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is MITK growing its revenue and profit?

Over the past 5 years, Mitek Systems Inc's revenue has grown 12.1% per year, and net income grown 2.4% per year. These are computed facts, not advice.

How much debt does MITK have?

As of FY2025, Mitek Systems Inc reported $152M of total debt against $154M of cash; operating income covered interest expense 1.7×.

What is MITK's profit margin?

In FY2025, gross margin was —, operating margin 9.3%, and net margin 4.9%.

What is MITK's P/E ratio?

Mitek Systems Inc's P/E (TTM) is 36.29 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the MITK stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 93.0× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.