MITEK SYSTEMS INC

EDGAR

Annual consolidated revenue for 2025: about USD 179.7M, using the latest reported figures. The previous period, 2024, was about USD 172.1M.

Watchlist

Latest quarter

Revenue

54 million USD

2026 Q3 · USD

Exact inputs and evidence

Operating margin

21.36%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 11544000 USD Source
  • Revenue: 54038000 USD Source

Operating cash flow

27.2 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 34229000 USD Source
  • Operating Cash Flow: 7073000 USD Source

Free cash flow

25.3 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 34229000 USD Source
  • Operating Cash Flow: 7073000 USD Source
  • Capital Expenditure: 4818000 USD Source
  • Capital Expenditure: 2978000 USD Source
Cash and cash equivalents
90 million USD Source
Exact value

90045000 USD

Long-term debt including current maturities
49.4 million USD Source
Exact value

49375000 USD

Shares outstanding
45.1 million shares Source
Exact value

45110617 shares

Reported share-count change

-1.12% · -511 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 45621504 shares · 2025-06-30· Source
  • 45110617 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

198 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 179691000 USD · 2024-10-01 – 2025-09-30 Source
  • Revenue: 134912000 USD · 2024-10-01 – 2025-06-30 Source
  • Revenue: 44244000 USD · 2025-10-01 – 2025-12-31 Source
  • Revenue: 54841000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 54038000 USD · 2026-04-01 – 2026-06-30 Source

Net income

22.5 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: 8796000 USD · 2024-10-01 – 2025-09-30 Source
  • Net income: 6936000 USD · 2024-10-01 – 2025-06-30 Source
  • Net income: 2772000 USD · 2025-10-01 – 2025-12-31 Source
  • Net income: 9536000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 8367000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

53.7 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 55340000 USD · 2024-10-01 – 2025-09-30 Source
  • Operating cash flow: 35879000 USD · 2024-10-01 – 2025-06-30 Source
  • Operating cash flow: 8018000 USD · 2025-10-01 – 2025-12-31 Source
  • Operating cash flow: 7073000 USD · 2025-10-01 – 2026-03-31 Source
  • Operating cash flow: 8018000 USD · 2025-10-01 – 2025-12-31 Source
  • Operating cash flow: 34229000 USD · 2025-10-01 – 2026-06-30 Source
  • Operating cash flow: 7073000 USD · 2025-10-01 – 2026-03-31 Source

Capital expenditure

5.08 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Capital expenditure: 1155000 USD · 2024-10-01 – 2025-09-30 Source
  • Capital expenditure: 896000 USD · 2024-10-01 – 2025-06-30 Source
  • Capital expenditure: 1426000 USD · 2025-10-01 – 2025-12-31 Source
  • Capital expenditure: 2978000 USD · 2025-10-01 – 2026-03-31 Source
  • Capital expenditure: 1426000 USD · 2025-10-01 – 2025-12-31 Source
  • Capital expenditure: 4818000 USD · 2025-10-01 – 2026-06-30 Source
  • Capital expenditure: 2978000 USD · 2025-10-01 – 2026-03-31 Source

Free cash flow

48.6 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 55340000 USD · 2024-10-01 – 2025-09-30 Source
  • Operating cash flow: 35879000 USD · 2024-10-01 – 2025-06-30 Source
  • Operating cash flow: 8018000 USD · 2025-10-01 – 2025-12-31 Source
  • Operating cash flow: 7073000 USD · 2025-10-01 – 2026-03-31 Source
  • Operating cash flow: 8018000 USD · 2025-10-01 – 2025-12-31 Source
  • Operating cash flow: 34229000 USD · 2025-10-01 – 2026-06-30 Source
  • Operating cash flow: 7073000 USD · 2025-10-01 – 2026-03-31 Source
  • Capital expenditure: 1155000 USD · 2024-10-01 – 2025-09-30 Source
  • Capital expenditure: 896000 USD · 2024-10-01 – 2025-06-30 Source
  • Capital expenditure: 1426000 USD · 2025-10-01 – 2025-12-31 Source
  • Capital expenditure: 2978000 USD · 2025-10-01 – 2026-03-31 Source
  • Capital expenditure: 1426000 USD · 2025-10-01 – 2025-12-31 Source
  • Capital expenditure: 4818000 USD · 2025-10-01 – 2026-06-30 Source
  • Capital expenditure: 2978000 USD · 2025-10-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-06.

Financial data available through: 2025-09-30.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-09-30
  • Operating income: 11 of 11 periods available· newest 2025-09-30
  • Net income: 11 of 11 periods available· newest 2025-09-30
  • Operating cash flow: 11 of 11 periods available· newest 2025-09-30
  • Capital expenditure: 11 of 11 periods available· newest 2025-09-30
  • Total assets: 11 of 11 periods available· newest 2025-09-30
  • Total liabilities: 11 of 11 periods available· newest 2025-09-30
  • Current assets: 11 of 11 periods available· newest 2025-09-30
  • Current liabilities: 11 of 11 periods available· newest 2025-09-30
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-09-30
  • Long-term debt including current maturities: 2 of 11 periods available· newest 2025-09-30
  • Shares outstanding: 11 of 11 periods available· newest 2025-09-30

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +4.4%

    Prior period

    USD 172.08 million

    –

    Current period

    USD 179.69 million

    –

    Exact inputs and evidence

    179691000 − 172083000 = 7608000 USD

    172083000 USD · 2023-10-01 – 2024-09-30

    Inspect prior input Prior source

    179691000 USD · 2024-10-01 – 2025-09-30

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  • Net income

    +168.3%

    Prior period

    USD 3.28 million

    –

    Current period

    USD 8.8 million

    –

    Exact inputs and evidence

    8796000 − 3278000 = 5518000 USD

    3278000 USD · 2023-10-01 – 2024-09-30

    Inspect prior input Prior source

    8796000 USD · 2024-10-01 – 2025-09-30

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  • Operating cash flow

    +74.6%

    Prior period

    USD 31.69 million

    –

    Current period

    USD 55.34 million

    –

    Exact inputs and evidence

    55340000 − 31688000 = 23652000 USD

    31688000 USD · 2023-10-01 – 2024-09-30

    Inspect prior input Prior source

    55340000 USD · 2024-10-01 – 2025-09-30

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  • Capital expenditure

    -19.7%

    Prior period

    USD 1.44 million

    –

    Current period

    USD 1.16 million

    –

    Exact inputs and evidence

    1155000 − 1438000 = -283000 USD

    1438000 USD · 2023-10-01 – 2024-09-30

    Inspect prior input Prior source

    1155000 USD · 2024-10-01 – 2025-09-30

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2024-10-01 – 2025-09-30

  • Revenue USD 179.69 million 100% of revenue
  • Operating costs Derived USD 162.9 million 91% of revenue
  • Operating income USD 16.79 million 9.3% of revenue
  • Tax, interest and other Derived USD 7.99 million 4.4% of revenue
  • Net income USD 8.8 million 4.9% of revenue

Cash

  • Operating cash flow USD 55.34 million 31% of revenue
  • Capital expenditure USD 1.16 million 0.6% of revenue
  • Free cash flow Derived USD 54.19 million 30% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Net income was higher than operating income, so the split is not drawn.
  • 2017 Net income was higher than operating income, so the split is not drawn.
  • 2018 Operating loss: operating costs were 112% of revenue.
  • 2019 Operating loss: operating costs were 105% of revenue.
  • 2020 91%
  • 2021 89%
  • 2022 92%
  • 2023 91%
  • 2024 Net income was higher than operating income, so the split is not drawn.
  • 2025 91%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2015-10-01 – 2016-09-3034701000 32877000 Derived 1824000 -135000 Derived 1959000 7604000 Derived
Source
2017 2016-10-01 – 2017-09-3045390000 42621000 Derived 2769000 -11323000 Derived 14092000 9957000 Derived
Source
2018 2017-10-01 – 2018-09-3063559000 71365000 Derived -7806000 4001000 Derived -11807000 1319000 Derived
Source
2019 2018-10-01 – 2019-09-3084590000 89180000 Derived -4590000 -3866000 Derived -724000 13187000 Derived
Source
2020 2019-10-01 – 2020-09-30101310000 92442000 Derived 8868000 1054000 Derived 7814000 23319000 Derived
Source
2021 2020-10-01 – 2021-09-30119797000 106520000 Derived 13277000 5299000 Derived 7978000 35954000 Derived
Source
2022 2021-10-01 – 2022-09-30144804000 132604000 Derived 12200000 8506000 Derived 3694000 19993000 Derived
Source
2023 2022-10-01 – 2023-09-30172552000 156988000 Derived 15564000 7537000 Derived 8027000 30552000 Derived
Source
2024 2023-10-01 – 2024-09-30172083000 169852000 Derived 2231000 -1047000 Derived 3278000 30250000 Derived
Source
2025 2024-10-01 – 2025-09-30179691000 162901000 Derived 16790000 7994000 Derived 8796000 54185000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 179.7M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.194.1M145.5M97.0M48.5M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue34701000
2017Revenue45390000
2018Revenue63559000
2019Revenue84590000
2020Revenue101310000
2021Revenue119797000
2022Revenue144804000
2023Revenue172552000
2024Revenue172083000
2025Revenue179691000

Revenue growth

Change in revenue from the same financial period one year earlier.

4.4% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.43%32%20%8%-3%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year36.8%
2017Year over year30.8%
2018Year over year40%
2019Year over year33.1%
2020Year over year19.8%
2021Year over year18.2%
2022Year over year20.9%
2023Year over year19.2%
2024Year over year-0.3%
2025Year over year4.4%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 9.3% 2025
Net margin 4.9% 2025
Free cash flow margin 30.2% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.35%21%6%-8%-23%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin5.3%
2017Operating margin6.1%
2018Operating margin-12.3%
2019Operating margin-5.4%
2020Operating margin8.8%
2021Operating margin11.1%
2022Operating margin8.4%
2023Operating margin9%
2024Operating margin1.3%
2025Operating margin9.3%
2016Net margin5.6%
2017Net margin31%
2018Net margin-18.6%
2019Net margin-0.9%
2020Net margin7.7%
2021Net margin6.7%
2022Net margin2.6%
2023Net margin4.7%
2024Net margin1.9%
2025Net margin4.9%
2016Free cash flow margin21.9%
2017Free cash flow margin21.9%
2018Free cash flow margin2.1%
2019Free cash flow margin15.6%
2020Free cash flow margin23%
2021Free cash flow margin30%
2022Free cash flow margin13.8%
2023Free cash flow margin17.7%
2024Free cash flow margin17.6%
2025Free cash flow margin30.2%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 55.3M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.59.8M44.8M29.9M14.9M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow7854000
2017Operating cash flow10445000
2018Operating cash flow5626000
2019Operating cash flow14250000
2020Operating cash flow24122000
2021Operating cash flow37341000
2022Operating cash flow21119000
2023Operating cash flow31586000
2024Operating cash flow31688000
2025Operating cash flow55340000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 54.2M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.58.5M43.9M29.3M14.6M0.0201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow7604000
2017Free cash flow9957000
2018Free cash flow1319000
2019Free cash flow13187000
2020Free cash flow23319000
2021Free cash flow35954000
2022Free cash flow19993000
2023Free cash flow30552000
2024Free cash flow30250000
2025Free cash flow54185000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

47.7% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.58%44%29%15%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets18.4%
2017Liabilities / assets14.4%
2018Liabilities / assets25%
2019Liabilities / assets21%
2020Liabilities / assets21.8%
2021Liabilities / assets54.1%
2022Liabilities / assets53.1%
2023Liabilities / assets49.4%
2024Liabilities / assets48.1%
2025Liabilities / assets47.7%

Current assets to current liabilities

Current assets divided by current liabilities.

1.19× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.5.76×4.32×2.88×1.44×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities4.84×
2017Current assets / current liabilities5.34×
2018Current assets / current liabilities1.84×
2019Current assets / current liabilities2.7×
2020Current assets / current liabilities3.45×
2021Current assets / current liabilities5.2×
2022Current assets / current liabilities2.84×
2023Current assets / current liabilities3.69×
2024Current assets / current liabilities4.39×
2025Current assets / current liabilities1.19×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2015-10-01 – 2016-09-30
USD 1.96 million
Exact value

Exact value: 1959000 USD

2015-10-01 – 2016-09-30: 1959000 USD Inspect Net Income Open source
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USD 7.85 million
Exact value

Exact value: 7854000 USD

2015-10-01 – 2016-09-30: 7854000 USD Inspect Operating Cash Flow Open source
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USD 250,000
Exact value

Exact value: 250000 USD

2015-10-01 – 2016-09-30: 250000 USD Inspect Capital Expenditure Open source
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USD 7.6 million
Calculation and evidence

7854000 − 250000 USD

Exact free cash flow: 7604000 USD

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2017 2016-10-01 – 2017-09-30
USD 14.09 million
Exact value

Exact value: 14092000 USD

2016-10-01 – 2017-09-30: 14092000 USD Inspect Net Income Open source
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USD 10.45 million
Exact value

Exact value: 10445000 USD

2016-10-01 – 2017-09-30: 10445000 USD Inspect Operating Cash Flow Open source
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USD 488,000
Exact value

Exact value: 488000 USD

2016-10-01 – 2017-09-30: 488000 USD Inspect Capital Expenditure Open source
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USD 9.96 million
Calculation and evidence

10445000 − 488000 USD

Exact free cash flow: 9957000 USD

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2018 2017-10-01 – 2018-09-30
−USD 11.81 million
Exact value

Exact value: -11807000 USD

2017-10-01 – 2018-09-30: -11807000 USD Inspect Net Income Open source
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USD 5.63 million
Exact value

Exact value: 5626000 USD

2017-10-01 – 2018-09-30: 5626000 USD Inspect Operating Cash Flow Open source
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USD 4.31 million
Exact value

Exact value: 4307000 USD

2017-10-01 – 2018-09-30: 4307000 USD Inspect Capital Expenditure Open source
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USD 1.32 million
Calculation and evidence

5626000 − 4307000 USD

Exact free cash flow: 1319000 USD

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2019 2018-10-01 – 2019-09-30
−USD 724,000
Exact value

Exact value: -724000 USD

2018-10-01 – 2019-09-30: -724000 USD Inspect Net Income Open source
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USD 14.25 million
Exact value

Exact value: 14250000 USD

2018-10-01 – 2019-09-30: 14250000 USD Inspect Operating Cash Flow Open source
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USD 1.06 million
Exact value

Exact value: 1063000 USD

2018-10-01 – 2019-09-30: 1063000 USD Inspect Capital Expenditure Open source
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USD 13.19 million
Calculation and evidence

14250000 − 1063000 USD

Exact free cash flow: 13187000 USD

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2020 2019-10-01 – 2020-09-30
USD 7.81 million
Exact value

Exact value: 7814000 USD

2019-10-01 – 2020-09-30: 7814000 USD Inspect Net Income Open source
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USD 24.12 million
Exact value

Exact value: 24122000 USD

2019-10-01 – 2020-09-30: 24122000 USD Inspect Operating Cash Flow Open source
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USD 803,000
Exact value

Exact value: 803000 USD

2019-10-01 – 2020-09-30: 803000 USD Inspect Capital Expenditure Open source
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USD 23.32 million
Calculation and evidence

24122000 − 803000 USD

Exact free cash flow: 23319000 USD

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2021 2020-10-01 – 2021-09-30
USD 7.98 million
Exact value

Exact value: 7978000 USD

2020-10-01 – 2021-09-30: 7978000 USD Inspect Net Income Open source
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USD 37.34 million
Exact value

Exact value: 37341000 USD

2020-10-01 – 2021-09-30: 37341000 USD Inspect Operating Cash Flow Open source
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USD 1.39 million
Exact value

Exact value: 1387000 USD

2020-10-01 – 2021-09-30: 1387000 USD Inspect Capital Expenditure Open source
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USD 35.95 million
Calculation and evidence

37341000 − 1387000 USD

Exact free cash flow: 35954000 USD

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2022 2021-10-01 – 2022-09-30
USD 3.69 million
Exact value

Exact value: 3694000 USD

2021-10-01 – 2022-09-30: 3694000 USD Inspect Net Income Open source
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USD 21.12 million
Exact value

Exact value: 21119000 USD

2021-10-01 – 2022-09-30: 21119000 USD Inspect Operating Cash Flow Open source
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USD 1.13 million
Exact value

Exact value: 1126000 USD

2021-10-01 – 2022-09-30: 1126000 USD Inspect Capital Expenditure Open source
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USD 19.99 million
Calculation and evidence

21119000 − 1126000 USD

Exact free cash flow: 19993000 USD

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2023 2022-10-01 – 2023-09-30
USD 8.03 million
Exact value

Exact value: 8027000 USD

2022-10-01 – 2023-09-30: 8027000 USD Inspect Net Income Open source
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USD 31.59 million
Exact value

Exact value: 31586000 USD

2022-10-01 – 2023-09-30: 31586000 USD Inspect Operating Cash Flow Open source
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USD 1.03 million
Exact value

Exact value: 1034000 USD

2022-10-01 – 2023-09-30: 1034000 USD Inspect Capital Expenditure Open source
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USD 30.55 million
Calculation and evidence

31586000 − 1034000 USD

Exact free cash flow: 30552000 USD

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2024 2023-10-01 – 2024-09-30
USD 3.28 million
Exact value

Exact value: 3278000 USD

2023-10-01 – 2024-09-30: 3278000 USD Inspect Net Income Open source
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USD 31.69 million
Exact value

Exact value: 31688000 USD

2023-10-01 – 2024-09-30: 31688000 USD Inspect Operating Cash Flow Open source
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USD 1.44 million
Exact value

Exact value: 1438000 USD

2023-10-01 – 2024-09-30: 1438000 USD Inspect Capital Expenditure Open source
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USD 30.25 million
Calculation and evidence

31688000 − 1438000 USD

Exact free cash flow: 30250000 USD

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2025 2024-10-01 – 2025-09-30
USD 8.8 million
Exact value

Exact value: 8796000 USD

2024-10-01 – 2025-09-30: 8796000 USD Inspect Net Income Open source
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USD 55.34 million
Exact value

Exact value: 55340000 USD

2024-10-01 – 2025-09-30: 55340000 USD Inspect Operating Cash Flow Open source
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USD 1.16 million
Exact value

Exact value: 1155000 USD

2024-10-01 – 2025-09-30: 1155000 USD Inspect Capital Expenditure Open source
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USD 54.19 million
Calculation and evidence

55340000 − 1155000 USD

Exact free cash flow: 54185000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

194 filings · 5,104 latest values · 5,104 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000807863, 807863, MITK, edgar:807863, mitk

Also known as MITEK SYSTEMS INC, MITEK SYSTEMS, INC.