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Mitek Systems Inc   (NASDAQ: MITK)
 
Price: $18.8500 $0.89 4.955%
Day's High: $18.989999771118164 Week Perf: 0.00
Day's Low: $ 18.40 30 Day Perf: 10.04 %
Volume (M): 589,246 52 Wk High: $ 21.05
Volume (M$): $ 0 52 Wk Avg: $13.32
Open: $18.48 52 Wk Low: $8.53



 Market Capitalization (Millions $) 915
 Shares Outstanding (Millions) 49
 Employees 595
 Revenues (TTM) (Millions $) 190
 Net Income (TTM) (Millions $) 17
 Cash Flow (TTM) (Millions $) -36
 Capital Exp. (TTM) (Millions $) 4

Business Description


Mitek Systems Inc is a software company that primarily focuses on developing and selling mobile capture and identity verification solutions for financial, healthcare, and the government sectors.

Based in San Diego, California, the company was founded in 1985 and operates under the ticker symbol MITK on the NASDAQ stock exchange. The company has a market capitalization of approximately $800 million and employs over 500 employees across the globe.

Mitek's flagship product, Mobile Deposit, allows users to deposit checks using their smartphones without having to physically visit a bank. The company's other solutions include Mobile Verify, a mobile identity verification tool that uses AI and machine learning to confirm the identity of individuals, and Mobile Fill, which allows users to capture data from government-issued IDs.

In recent years, the company has expanded its presence in the healthcare sector with its Mobile Verify healthcare solution, which enables healthcare providers to verify patient identities quickly and accurately. Mitek has also launched Mobile Verify for Lending, which streamlines the loan application process by offering secure identity verification and automated data extraction.

Overall, Mitek Systems has received multiple awards and recognition for its innovative solutions, including being named one of the top 100 companies in the financial technology industry by IDC Financial Insights. The company has also won the Javelin Mobile Banking Leader and Global Silicon Valley Innovation awards for its mobile identity verification solutions.


   Company Address: 770 First Avenue, Suite 425 San Diego, 92101 CA
   Company Phone Number: 269-6800   Stock Exchange / Ticker: NASDAQ MITK


   

Stock Performances by Major Competitors

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Business Update

Mitek Systems Elevates Identity Verification Standards with Dual Awards for Innovation in Fraud Prevention

Published Mon, Oct 13 2025 1:21 PM UTC

In an exciting turn for the cybersecurity landscape, San Diego-based Mitek Systems, Inc. (NASDAQ: MITK) has recently garnered prestigious accolades at Juniper Research s Fintech and Payments Future Digital Awards 2025. The company secured top honors in two key categories: Fraud and Security Innovation of the Year, as well as Best Identity Verification Innovation. These award...

Business Update

Tackling the Rising Tide of Check Fraud Mitek and Alogent Forge Alliance to Bolster Financial Security

Published Wed, Aug 21 2024 1:47 PM UTC

In an era where digital transactions are becoming the norm, the remnants of traditional banking practices are proving to be both a blessing and a curse. Mitek Systems, Inc. (NASDAQ: MITK), a trailblazer in digital identity verification and fraud prevention, has unveiled an expanded collaboration with Alogent, a leader in deposit automation solutions. This strategic partnersh...

Business Update

Mitek Systems Recognized for Revolutionary Advancements in AI and Information Security

Published Wed, Jun 26 2024 6:47 PM UTC

Mitek Systems, Inc., a leading technology company specializing in biometric authentication and identity verification solutions, has recently received prestigious accolades for its groundbreaking innovations in the field of artificial intelligence (AI) and information security. The company s MiPass technology, leveraging a unique combination of face and voice recognition, has...

Business Update

titleMitek Systems, a Pioneer in AI-driven Digital Identity and Fraud Prevention, Ranks Among the Elite on ...

Published Tue, Jun 18 2024 3:47 PM UTC

The AIFinTech100 list is a highly coveted acknowledgment within the FinTech community. To compile this prestigious list, FinTech Global conducted in-depth research on over 2,000 FinTech companies and assembled a panel of industry experts and analysts. After thorough evaluation, Mitek Systems emerged as one of the select few companies that exhibit exceptional innovation in th...

Business Update

Mitek Unveils Revolutionary Identity Verification Solution, Garnering Coveted Information Security Award at 2024 RSA Conference

Published Tue, May 7 2024 4:47 AM UTC

Mitek Receives Coveted International Information Security Award at 2024 RSA ConferenceSAN DIEGO - Mitek Systems, Inc. (NASDAQ: MITK) has emerged victorious in the cutting-edge telecommunications fraud prevention category at the annual international information security competition, hosted by Cyber Defense Magazine (CDM). The esteemed electronic information security publicati...




Fundamental Analysis

Valuation Current
Price to Earnings PE Ratio (TTM) 54.00
Price to Earnings PE Ratio (Expected) -
Price to Sales (TTM) 4.83
Price to Sales (Expected) -
Price to Book 3.82
PEG (TTM) 2.19

Financial Strength Current
Quick Ratio 1.29
Working Capital Ratio 2.61
Leverage Ratio (MRQ) 0.49
Total Debt to Equity 0.21
Interest Coverage (TTM) -
Debt Coverage (TTM) 0.3

Per Share Current
Earnings (TTM) 0.35 $
Revenues (TTM) 3.91 $
Cash Flow (TTM) -
Cash 1.6 $
Book Value 4.93 $
Dividend (TTM) 0 $

Efficiency Current
Revenue per Employee (TTM) 318,644
Net Income per Employee (TTM) 27,839
Receivable Turnover Ratio (TTM) 4.4
Inventory Turnover Ratio (TTM) -
Asset Turnover Ratio (TTM) 0.44

Profitability Ratios Current
Gross Margin (MRQ) 99.94 %
Operating Margin (MRQ) 24.71 %
Net Margin (MRQ) 17.39 %
Net Cash Flow Margin (MRQ) -193.17 %
Effective Tax Rate (TTM) 29.77 %

Management Effectiveness Current
Return On Assets (TTM) 3.87 %
Return On Investment (TTM) 6.38 %
Return On Equity (TTM) 6.97 %
Dividend Yield -
Pay out Ratio (TTM) -



Mitek Systems Inc's Segments
Fraud and identity solutions    46.86 % of total Revenue
SaaS    38.69 % of total Revenue
Software license and support    59.63 % of total Revenue
Professional services and other    1.68 % of total Revenue
Check verification solutions    53.14 % of total Revenue
United States    77.85 % of total Revenue
United Kingdom    10.33 % of total Revenue
All other countries    11.82 % of total Revenue

  Mitek Systems Inc Outlook

On February 11 2025 the Mitek Systems Inc provided following guidance

nnMitek Systems Inc. Reports First Quarter Financial Performance for Fiscal 2025nn

nnSan Diego, CA – February 11, 2025nn – Mitek Systems, Inc. (NASDAQ: MITK), a prominent player in the realms of digital identity verification, mobile capture solutions, and fraud management, has announced its financial results for the first quarter that concluded on December 31, 2024. The company is pleased to report a strong start to fiscal 2025, with performance exceeding internal projections.

In its ongoing commitment to transparency and guidance, Mitek has also updated its financial outlook for the full fiscal year ending September 30, 2025. Notably, the company has raised the lower boundary of its Ad...





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