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Mitek Systems Inc (DE:MKQ)
FRANKFURT:MKQ

Mitek Systems (MKQ) Price & Analysis

1 Followers

MKQ Stock Chart & Stats

€13.69
-€1.14(-7.69%)
At close: 4:00 PM EDT
€13.69
-€1.14(-7.69%)

Bulls Say, Bears Say

Bulls Say
High MarginsMitek's very high TTM gross margin (~88%) and solid EBITDA margin (~23%) reflect strong software unit economics and pricing power across identity and check products. Durable margins support continued R&D/sales reinvestment, allow margin expansion with scale, and help absorb cyclical revenue swings.
Stronger Balance SheetMaterial deleveraging and a net cash position improve financial flexibility and lower refinancing risk. With ~$78M cash and net cash after retiring convertible notes, the company can sustain product investment, pursue opportunistic M&A or execute buybacks while absorbing working-capital variability over the coming quarters.
Fraud & Identity SaaS MomentumGrowing SaaS mix, a >$19M CFD ACV and dataset coverage across >60% of U.S. checking accounts create network effects and platform stickiness. Recurring, usage-driven revenue and deep FI integrations support durable cross-sell, higher retention and predictable recurring volumes over multi-quarter horizons.
Bears Say
Weaker Cash ConversionTTM free cash flow fell meaningfully and operating-cash-to-net-income weakened, signaling deteriorating cash conversion. Persistently weaker FCF reduces discretionary capital for R&D, M&A or buybacks and heightens sensitivity to AR/AP timing, constraining flexibility across upcoming quarters.
Unusual Revenue Step-ChangeThe TTM revenue step-change versus prior flat trends suggests reliance on lumpy license recognition or timing-driven gains. Such discontinuities raise sustainability questions for multi-quarter top-line forecasts and complicate planning for resources, margins and sales investments over the medium term.
Mix Pressure & Lumpy LicensesYoY gross-margin compression from mix toward lower-margin SaaS/services and upfront implementation costs increases margin volatility. Management also flags biometric license recognition as lumpy, which together can produce uneven quarterly profitability and make margin guidance harder to sustain reliably.

Mitek Systems News

MKQ FAQ

What was Mitek Systems Inc’s price range in the past 12 months?
Mitek Systems Inc lowest stock price was €7.29 and its highest was €18.00 in the past 12 months.
    What is Mitek Systems Inc’s market cap?
    Mitek Systems Inc’s market cap is €653.93M.
      When is Mitek Systems Inc’s upcoming earnings report date?
      Mitek Systems Inc’s upcoming earnings report date is Aug 06, 2026 which is today.
        How were Mitek Systems Inc’s earnings last quarter?
        Currently, no data Available
        Is Mitek Systems Inc overvalued?
        According to Wall Street analysts Mitek Systems Inc’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
          Does Mitek Systems Inc pay dividends?
          Mitek Systems Inc does not currently pay dividends.
          What is Mitek Systems Inc’s EPS estimate?
          Mitek Systems Inc’s EPS estimate is 0.24.
            How many shares outstanding does Mitek Systems Inc have?
            Mitek Systems Inc has 45,158,850 shares outstanding.
              What happened to Mitek Systems Inc’s price movement after its last earnings report?
              Currently, no data Available
              Which hedge fund is a major shareholder of Mitek Systems Inc?
              Currently, no hedge funds are holding shares in DE:MKQ
              What is the TipRanks Smart Score and how is it calculated?
              Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                Company Description

                Mitek Systems Inc

                Mitek Systems, Inc. (MITK) specializes in developing and offering mobile image capture and digital identity verification technologies globally, with operations spanning the United States, Europe, Latin America, and other international markets. These offerings are seamlessly integrated into native mobile applications and web browsers, streamlining digital interactions for users. Among its key products, Mitek provides: Mobile Deposit, enabling individuals and businesses to conveniently deposit checks remotely using their camera-equipped smartphones or tablets. Mobile Verify, an identity verification platform accessible across mobile apps, websites, and desktop applications. Mobile Fill, which enhances user experience through automatic image capture and minimizes clicks for expedited form completion. MiSnap, a mobile-capture software development kit (SDK) that ensures intuitive operation and high-quality image capture for both identity documents and checks. For financial institutions, Mitek offers a dedicated suite of check-related solutions: CheckReader automates data extraction from checks. Check Fraud Defender leverages AI and cloud capabilities to combat check fraud. Check Intelligence provides automatic data extraction from check images received through any deposit channel, from branches to ATMs, remote deposit capture, and mobile. Furthermore, the company's robust identity verification portfolio includes: ID_CLOUD, an automated system for reading and validating identity documents directly within a customer's application. IDLive Face, a passive solution for detecting facial liveness. IDVoice, an advanced AI-powered voice biometric engine. IDLive Voice, designed to prevent spoofing attacks on voice biometric systems. IDLive Doc, which helps counteract fraud associated with digitally displayed document images. Established in 1986, Mitek Systems, Inc. is headquartered in San Diego, California.

                Mitek Systems (MKQ) Earnings & Revenues

                MKQ Company Deck

                MKQ Earnings Call

                Q2 2026
                0:00 / 0:00
                Earnings Call Sentiment|Positive
                The call conveyed materially positive operational and financial momentum: record revenue and adjusted EBITDA, robust 28% growth in the strategic Fraud & Identity portfolio, improving SaaS mix, strengthened balance sheet (retired convertible notes, net cash position) and raised FY guidance. Headwinds are present but manageable — check verification seasonality and renewal timing, YoY gross margin compression due to mix and implementation costs, quarter-specific negative free cash flow from AR timing, and lumpy biometric license recognition. On balance, the positives (durable cash franchise, strong SaaS/network growth, margin leverage, and upgraded guidance) outweigh the near-term, largely timing-related challenges.View all DE:MKQ earnings summaries

                MKQ Stock 12 Month Forecast

                Average Price Target

                €16.19
                ▲(18.23% Upside)
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