Mitek Systems (MITK)
NASDAQ:MITK
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MITK Stock Chart & Stats
$15.15
-$0.15(-1.40%)
At close: 4:00 PM EST
$15.15
-$0.15(-1.40%)
Day’s Range― - ―
52-Week Range$8.53 - $17.97
Previous CloseN/A
Volume118.89K
Average Volume (3M)1.22M
Market Cap
$779.22M
Enterprise Value$745.16M
Total Cash (Recent Filing)$77.59M
Total Debt (Recent Filing)$52.52M
Price to Earnings (P/E)46.9
Beta1.09
Next Earnings
Jul 23, 2026EPS Estimate
0.28Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.36
Shares Outstanding45,158,850
10 Day Avg. Volume1,055,164
30 Day Avg. Volume1,219,842
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)1.86
Price to Sales (P/S)2.49
P/FCF Ratio8.24
Enterprise Value/Market Cap0.96
Enterprise Value/Revenue3.93
Enterprise Value/Gross Profit4.47
Enterprise Value/Ebitda15.49
Forecast
1Y Price Target
$18.67Price Target Upside23.21% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.11
Revenue Forecast (FY)$194.47M
Bulls Say, Bears Say
Bulls Say
High ProfitabilityVery high gross margins and healthy EBITDA margins reflect durable software unit economics that support reinvestment, margin resilience and scalable operating leverage. This fundamental profitability underpins cash generation and funds product development and customer expansion over the medium term.
Improved Balance Sheet / DeleveragingMaterial deleveraging and a net cash position increase financial flexibility, lowering interest risk and enabling strategic investments, buybacks and opportunistic M&A. A stronger capital structure reduces insolvency risk and supports multi-quarter durability of operations and margin plans.
SaaS Mix Growth & Network EffectsRising SaaS mix, robust Fraud & Identity growth and a large dataset footprint create recurring revenue, stickiness and proprietary signal advantages. These structural trends improve retention, upsell potential and long-term unit economics versus transactional models, supporting sustainable growth.
Bears Say
Free Cash Flow Decline & Weaker ConversionA meaningful year-over-year FCF decline and weaker operating cash flow-to-net-income indicate working-capital pressure or timing shifts that can constrain reinvestment, capital returns or M&A. Persistent weaker cash conversion would limit the durability of cash-funded initiatives and increase quarterly volatility.
Gross Margin Compression RiskMargin erosion driven partly by a shift toward lower-margin SaaS/services and upfront implementation costs suggests potential for permanently lower gross margins if the mix or implementation efficiency doesn't improve. This can reduce operating leverage and constrain net margin expansion over time.
Revenue Volatility From Seasonality & Lumpy LicensesConcentrated renewal timing, seasonal patterns and irregular high-value biometric license recognitions create uneven revenue and cash flow. Such structural variability complicates forecasting, reduces predictability of SaaS growth run-rate and can temporarily mask underlying trend durability.
Mitek Systems News
MITK FAQ
What was Mitek Systems’s price range in the past 12 months?
Mitek Systems lowest stock price was $8.53 and its highest was $17.97 in the past 12 months.
What is Mitek Systems’s market cap?
Mitek Systems’s market cap is $779.22M.
When is Mitek Systems’s upcoming earnings report date?
Mitek Systems’s upcoming earnings report date is Jul 23, 2026 which is in 32 days.
How were Mitek Systems’s earnings last quarter?
Mitek Systems released its earnings results on May 07, 2026. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.344 by $0.036.
Is Mitek Systems overvalued?
According to Wall Street analysts Mitek Systems’s price is currently Undervalued.
Does Mitek Systems pay dividends?
Mitek Systems does not currently pay dividends.
What is Mitek Systems’s EPS estimate?
Mitek Systems’s EPS estimate is 0.28.
How many shares outstanding does Mitek Systems have?
Mitek Systems has 45,158,850 shares outstanding.
What happened to Mitek Systems’s price movement after its last earnings report?
Mitek Systems reported an EPS of $0.38 in its last earnings report, beating expectations of $0.344. Following the earnings report the stock price went up 1.628%.
Which hedge fund is a major shareholder of Mitek Systems?
Currently, no hedge funds are holding shares in MITK
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
Mitek Systems Stock Smart Score
Outperform
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Analyst Consensus
Strong Buy
Average Price Target:
$18.67 (23.21% Upside)
$18.67 (23.21% Upside)
Blogger Sentiment
Bullish
MITK Sentiment 67%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 91.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $299.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.2%
Last 30 Days ▲ 7.3%
Last 30 Days ▲ 7.3%
Technicals
SMA
Positive
20 days / 200 days
Momentum
80.30%
12-Months-Change
Fundamentals
Return on Equity
6.97%
Trailing 12-Months
Asset Growth
-16.08%
Trailing 12-Months
Company Description
Mitek Systems
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.
MITK Company Deck
MITK 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 MITK earnings summariesMITK Stock 12 Month Forecast
Average Price Target
$18.67
▲(23.21% Upside)
Technical Analysis
Cerence
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A2Z Smart Technologies
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Viant Technology
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CS Disco
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AMTD Digital, Inc. Sponsored ADR
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Ownership Overview
4.03% Insiders
24.06% Mutual Funds
18.77% Other Institutional Investors
25.12% Public Companies and
Individual Investors