(MITK) Mitek Systems - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US6067102003
Stock: Identity Verification, Mobile Capture, Fraud Prevention, Check Processing
Total Rating 39
Risk 60
Buy Signal 1.32
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 85.6% |
| Relative Tail Risk | -17.7% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.42 |
| Alpha | -2.69 |
| Character TTM | |
|---|---|
| Beta | 1.098 |
| Beta Downside | 0.980 |
| Drawdowns 3y | |
|---|---|
| Max DD | 52.06% |
| CAGR/Max DD | 0.13 |
Description: MITK Mitek Systems December 27, 2025
Mitek Systems (NASDAQ:MITK) delivers a suite of digital identity verification and fraud-prevention tools, including Mobile Deposit for remote check capture, Check Fraud Defender and Check Intelligence for fraud mitigation, and the Verified Identity Platform that spans document, face, and voice liveness detection. Its SDK, MiSnap, automates image capture, while CheckReader extracts check data for downstream processing.
In FY2023 the company reported $267 million in revenue, a 12% year-over-year increase driven by expanding adoption of its cloud-hosted identity services among neobanks and fintech platforms. The global digital identity market is projected to grow at a CAGR of ~15% through 2028, providing a tailwind for Mitek’s subscription-based model. Additionally, tighter AML and KYC regulations across the U.S. and Europe are accelerating demand for automated, low-friction verification solutions.
For a deeper quantitative assessment, you may find ValueRay’s analyst dashboard useful.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: 8.80m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 1.40 > 1.0 |
| NWC/Revenue: 21.96% < 20% (prev 82.69%; Δ -60.73% < -1%) |
| CFO/TA 0.12 > 3% & CFO 55.3m > Net Income 8.80m |
| Net Debt (5.33m) to EBITDA (38.7m): 0.14 < 3 |
| Current Ratio: 1.19 > 1.5 & < 3 |
| Outstanding Shares: last quarter (47.3m) vs 12m ago 1.61% < -2% |
| Gross Margin: 76.17% > 18% (prev 0.89%; Δ 7528 % > 0.5%) |
| Asset Turnover: 41.17% > 50% (prev 41.77%; Δ -0.60% > 0%) |
| Interest Coverage Ratio: 2.19 > 6 (EBITDA TTM 38.7m / Interest Expense TTM 9.78m) |
Altman Z'' 0.58
| A: 0.09 (Total Current Assets 248.5m - Total Current Liabilities 209.0m) / Total Assets 459.1m |
| B: -0.06 (Retained Earnings -26.2m / Total Assets 459.1m) |
| C: 0.05 (EBIT TTM 21.4m / Avg Total Assets 436.4m) |
| D: -0.12 (Book Value of Equity -25.6m / Total Liabilities 218.9m) |
| Altman-Z'' Score: 0.58 = B |
Beneish M -3.05
| DSRI: 1.00 (Receivables 49.5m/47.5m, Revenue 179.7m/172.8m) |
| GMI: 1.17 (GM 76.17% / 88.92%) |
| AQI: 0.84 (AQ_t 0.45 / AQ_t-1 0.54) |
| SGI: 1.04 (Revenue 179.7m / 172.8m) |
| TATA: -0.10 (NI 8.80m - CFO 55.3m) / TA 459.1m) |
| Beneish M-Score: -3.05 (Cap -4..+1) = AA |
What is the price of MITK shares?
As of February 08, 2026, the stock is trading at USD 11.83 with a total of 2,825,777 shares traded.
Over the past week, the price has changed by +18.06%, over one month by +12.77%, over three months by +28.17% and over the past year by +13.97%.
Over the past week, the price has changed by +18.06%, over one month by +12.77%, over three months by +28.17% and over the past year by +13.97%.
Is MITK a buy, sell or hold?
Mitek Systems has received a consensus analysts rating of 4.33.
Therefore, it is recommended to buy MITK.
- StrongBuy: 3
- Buy: 2
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the MITK price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 13.8 | 16.2% |
| Analysts Target Price | 13.8 | 16.2% |
| ValueRay Target Price | 12.7 | 7.2% |
MITK Fundamental Data Overview February 02, 2026
P/E Trailing = 52.7368
P/E Forward = 9.7943
P/S = 2.5507
P/B = 1.8949
P/EG = 1.2756
Revenue TTM = 179.7m USD
EBIT TTM = 21.4m USD
EBITDA TTM = 38.7m USD
Long Term Debt = 2.97m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 153.1m USD (from shortTermDebt, last quarter)
Debt = 159.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.33m USD (from netDebt column, last quarter)
Enterprise Value = 424.8m USD (458.3m + Debt 159.5m - CCE 193.0m)
Interest Coverage Ratio = 2.19 (Ebit TTM 21.4m / Interest Expense TTM 9.78m)
EV/FCF = 7.84x (Enterprise Value 424.8m / FCF TTM 54.2m)
FCF Yield = 12.76% (FCF TTM 54.2m / Enterprise Value 424.8m)
FCF Margin = 30.15% (FCF TTM 54.2m / Revenue TTM 179.7m)
Net Margin = 4.90% (Net Income TTM 8.80m / Revenue TTM 179.7m)
Gross Margin = 76.17% ((Revenue TTM 179.7m - Cost of Revenue TTM 42.8m) / Revenue TTM)
Gross Margin QoQ = 4.66% (prev none%)
Tobins Q-Ratio = 0.93 (Enterprise Value 424.8m / Total Assets 459.1m)
Interest Expense / Debt = 1.57% (Interest Expense 2.50m / Debt 159.5m)
Taxrate = 43.72% (1.45m / 3.31m)
NOPAT = 12.0m (EBIT 21.4m * (1 - 43.72%))
Current Ratio = 1.19 (Total Current Assets 248.5m / Total Current Liabilities 209.0m)
Debt / Equity = 0.66 (Debt 159.5m / totalStockholderEquity, last quarter 240.3m)
Debt / EBITDA = 0.14 (Net Debt 5.33m / EBITDA 38.7m)
Debt / FCF = 0.10 (Net Debt 5.33m / FCF TTM 54.2m)
Total Stockholder Equity = 224.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.02% (Net Income 8.80m / Total Assets 459.1m)
RoE = 3.91% (Net Income TTM 8.80m / Total Stockholder Equity 224.7m)
RoCE = 9.39% (EBIT 21.4m / Capital Employed (Equity 224.7m + L.T.Debt 2.97m))
RoIC = 3.22% (NOPAT 12.0m / Invested Capital 373.7m)
WACC = 7.62% (E(458.3m)/V(617.8m) * Re(9.96%) + D(159.5m)/V(617.8m) * Rd(1.57%) * (1-Tc(0.44)))
Discount Rate = 9.96% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 1.43%
[DCF Debug] Terminal Value 82.51% ; FCFF base≈49.7m ; Y1≈61.3m ; Y5≈104.5m
Fair Price DCF = 42.12 (EV 1.91b - Net Debt 5.33m = Equity 1.91b / Shares 45.3m; r=7.62% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: -27.47 | EPS CAGR: -48.64% | SUE: -1.96 | # QB: 0
Revenue Correlation: 63.17 | Revenue CAGR: 8.95% | SUE: 1.86 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.31 | Chg30d=+0.000 | Revisions Net=-5 | Analysts=5
EPS current Year (2026-09-30): EPS=1.02 | Chg30d=+0.000 | Revisions Net=+2 | Growth EPS=+7.2% | Growth Revenue=+6.3%
EPS next Year (2027-09-30): EPS=1.10 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=+8.1% | Growth Revenue=+7.8%
P/E Forward = 9.7943
P/S = 2.5507
P/B = 1.8949
P/EG = 1.2756
Revenue TTM = 179.7m USD
EBIT TTM = 21.4m USD
EBITDA TTM = 38.7m USD
Long Term Debt = 2.97m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 153.1m USD (from shortTermDebt, last quarter)
Debt = 159.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.33m USD (from netDebt column, last quarter)
Enterprise Value = 424.8m USD (458.3m + Debt 159.5m - CCE 193.0m)
Interest Coverage Ratio = 2.19 (Ebit TTM 21.4m / Interest Expense TTM 9.78m)
EV/FCF = 7.84x (Enterprise Value 424.8m / FCF TTM 54.2m)
FCF Yield = 12.76% (FCF TTM 54.2m / Enterprise Value 424.8m)
FCF Margin = 30.15% (FCF TTM 54.2m / Revenue TTM 179.7m)
Net Margin = 4.90% (Net Income TTM 8.80m / Revenue TTM 179.7m)
Gross Margin = 76.17% ((Revenue TTM 179.7m - Cost of Revenue TTM 42.8m) / Revenue TTM)
Gross Margin QoQ = 4.66% (prev none%)
Tobins Q-Ratio = 0.93 (Enterprise Value 424.8m / Total Assets 459.1m)
Interest Expense / Debt = 1.57% (Interest Expense 2.50m / Debt 159.5m)
Taxrate = 43.72% (1.45m / 3.31m)
NOPAT = 12.0m (EBIT 21.4m * (1 - 43.72%))
Current Ratio = 1.19 (Total Current Assets 248.5m / Total Current Liabilities 209.0m)
Debt / Equity = 0.66 (Debt 159.5m / totalStockholderEquity, last quarter 240.3m)
Debt / EBITDA = 0.14 (Net Debt 5.33m / EBITDA 38.7m)
Debt / FCF = 0.10 (Net Debt 5.33m / FCF TTM 54.2m)
Total Stockholder Equity = 224.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.02% (Net Income 8.80m / Total Assets 459.1m)
RoE = 3.91% (Net Income TTM 8.80m / Total Stockholder Equity 224.7m)
RoCE = 9.39% (EBIT 21.4m / Capital Employed (Equity 224.7m + L.T.Debt 2.97m))
RoIC = 3.22% (NOPAT 12.0m / Invested Capital 373.7m)
WACC = 7.62% (E(458.3m)/V(617.8m) * Re(9.96%) + D(159.5m)/V(617.8m) * Rd(1.57%) * (1-Tc(0.44)))
Discount Rate = 9.96% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 1.43%
[DCF Debug] Terminal Value 82.51% ; FCFF base≈49.7m ; Y1≈61.3m ; Y5≈104.5m
Fair Price DCF = 42.12 (EV 1.91b - Net Debt 5.33m = Equity 1.91b / Shares 45.3m; r=7.62% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: -27.47 | EPS CAGR: -48.64% | SUE: -1.96 | # QB: 0
Revenue Correlation: 63.17 | Revenue CAGR: 8.95% | SUE: 1.86 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.31 | Chg30d=+0.000 | Revisions Net=-5 | Analysts=5
EPS current Year (2026-09-30): EPS=1.02 | Chg30d=+0.000 | Revisions Net=+2 | Growth EPS=+7.2% | Growth Revenue=+6.3%
EPS next Year (2027-09-30): EPS=1.10 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=+8.1% | Growth Revenue=+7.8%