MITKNasdaqComputer Peripheral Equipment, NECFiscal year ends September 30
MITEK SYSTEMS INC
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$16.71+0.60 (+3.72%)
Close on Oct 19, 2026
- Market cap
- $813.93M
- P/E (TTM)
- 35.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
9.3%+0.6 pts over 5 years
Net margin
4.9%−2.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.4% | +7.5% | +12.1% | +21.6% | |
| Operating income | +652.6% | +11.2% | +13.6% | +24.4% | |
| Net income | +168.3% | +33.5% | +2.4% | +13.3% | |
| EPS, diluted | +171.4% | +33.4% | +1.1% | +9.0% | |
| Free cash flow | +79.1% | +39.4% | +18.4% | +24.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 5.6% | 6.5% | 3.9% | |
| Return on assets | 4.5% | 5.1% | 2.0% | |
| Current ratio | 4.84 | 3.45 | 1.19 | |
| Interest coverage | – | – | 1.7× | |
| Capex to revenue | 0.7% | 0.8% | 0.6% | |
| Diluted shares | 34M | 43M | 47M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Mitek Systems generated $177.07M from operations and spent $50.42M on capital expenditure, dividends and share buybacks. 12% of that went back into the business.
Generated
$177.07M
Used
$50.42M
Capital expenditure$6.14M12%Dividends$00%Share buybacks$44.28M88%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.9%
×Asset turnover0.41×
×Equity multiplier1.92×
=Return on equity, FY20253.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.9% | 0.41× | 1.92× | 3.9% |
| FY2024 | 1.9% | 0.42× | 1.95× | 1.6% |
| FY2023 | 4.7% | 0.45× | 2.05× | 4.3% |
| FY2022 | 2.6% | 0.37× | 2.16× | 2.0% |
| FY2021 | 6.7% | 0.41× | 1.81× | 4.9% |
| FY2020 | 7.7% | 0.66× | 1.27× | 6.5% |
| FY2019 | -0.9% | 0.64× | 1.30× | -0.7% |
| FY2018 | -18.6% | 0.64× | 1.27× | -15.1% |
| FY2017 | 31.0% | 0.76× | 1.19× | 27.9% |
| FY2016 | 5.6% | 0.80× | 1.25× | 5.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$8.80M
- Cash generatingOperating cash flow above zero$55.34M
- Return on assets improvedROA up on the prior year0.8% → 2.1%
- Earnings backed by cashOperating cash flow above net income$55.34M vs $8.80M
- Less leverageLong-term debt to assets fell– → 0.0%
- Better liquidityCurrent ratio rose4.39 → 1.19
- No dilutionShare count did not rise47M → 47M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.42 → 0.43