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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 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
-$12M $84M $180M $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-19% 6% 31% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$2M $26M $54M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $77M $154M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$170M -$13M $144M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $180M $9M 0.0% 9.3% $54M $152M $154M
2024 $172M $3M 0.0% 1.3% $30M $3M $93M
2023 $173M $8M 0.0% 9.0% $31M — $59M
2022 $145M $4M 0.0% 8.4% $20M — $32M
2021 $120M $8M 0.0% 11.1% $36M — $30M
2020 $101M $8M 0.0% 8.8% $23M — $20M
2019 $85M -$724000 0.0% -5.4% $13M — $17M
2018 $64M -$12M 0.0% -12.3% $1M — $9M
2017 $45M $14M 0.0% 6.1% $10M — $12M
2016 $35M $2M 0.0% 5.3% $8M — $9M
2015 — $3M — — $6M — $3M
2014 — -$5M — — — — $8M
2013 — -$7M — — -$2M — $23M
2012 — -$8M — — -$2M — $7M
2011 — -$125057 — — $111810 — $6M

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.

Price / earnings (P/E)
0.0 76.6 153.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 2.2 4.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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?

As of Jun '26, Mitek Systems Inc traded at a price-to-earnings ratio of about 90.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.