Mitek Financial Statements From 2010 to 2024

MITK Stock  USD 13.86  0.32  2.26%   
Mitek Systems financial statements provide useful quarterly and yearly information to potential Mitek Systems investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Mitek Systems financial statements helps investors assess Mitek Systems' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Mitek Systems' valuation are summarized below:
Gross Profit
105.3 M
Profit Margin
(0.04)
Market Capitalization
663.5 M
Enterprise Value Revenue
4.0086
Revenue
164.6 M
There are currently one hundred twenty fundamental ratios for Mitek Systems that can be evaluated and compared over time across peers in the industry. We recommend to check Mitek Systems' last-minute fundamental drivers against the all of the trends between 2010 and 2024. Market Cap is expected to rise to about 228.2 M this year. Enterprise Value is expected to rise to about 219.6 M this year

Mitek Systems Total Revenue

173.81 Million

Check Mitek Systems financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mitek main balance sheet or income statement drivers, such as Depreciation And Amortization of 404.2 K, Interest Expense of 8.5 M or Total Revenue of 173.8 M, as well as many exotic indicators such as Price To Sales Ratio of 2.89, Dividend Yield of 0.0 or PTB Ratio of 2.03. Mitek financial statements analysis is a perfect complement when working with Mitek Systems Valuation or Volatility modules.
  
This module can also supplement Mitek Systems' financial leverage analysis and stock options assessment as well as various Mitek Systems Technical models . Check out the analysis of Mitek Systems Correlation against competitors.
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.

Mitek Systems Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets435.2 M414.5 M177.9 M
Slightly volatile
Short and Long Term Debt Total162 M154.3 M48.7 M
Slightly volatile
Other Current Liabilities24.2 M23 M8.9 M
Slightly volatile
Total Current Liabilities48.9 M46.6 M21.7 M
Slightly volatile
Total Stockholder Equity205.7 M195.9 M97.7 M
Slightly volatile
Property Plant And Equipment Net10.4 M9.9 M4.8 M
Slightly volatile
Non Current Assets Total279.3 M266 M101.6 M
Slightly volatile
Net Receivables41.2 M39.3 M16.7 M
Slightly volatile
Common Stock Shares Outstanding55.3 M52.6 M36.6 M
Slightly volatile
Liabilities And Stockholders Equity435.2 M414.5 M177.9 M
Slightly volatile
Non Current Liabilities Total180.6 M172 M58.5 M
Slightly volatile
Other Current Assets3.2 MM1.8 M
Slightly volatile
Other Stockholder Equity261.4 M249 M127.8 M
Slightly volatile
Total Liabilities229.5 M218.6 M80.2 M
Slightly volatile
Property Plant And Equipment Gross17.8 M17 M6.2 M
Slightly volatile
Total Current Assets155.9 M148.5 M76.3 M
Slightly volatile
Short Term Debt2.7 M2.4 M3.1 M
Very volatile
Accounts PayableM5.7 M3.1 M
Slightly volatile
Cash38.7 M36.9 M18.5 M
Slightly volatile
Non Currrent Assets Other7.1 M6.7 MM
Slightly volatile
Cash And Short Term Investments109.1 M103.9 M56.8 M
Slightly volatile
Other Liabilities72.5 M69.1 M23.5 M
Slightly volatile
Other Assets78.5 M74.8 M27.7 M
Slightly volatile
Common Stock Total Equity26.4 K50.6 K35.1 K
Slightly volatile
Common Stock28.2 K50.6 K35.1 K
Slightly volatile
Property Plant Equipment13 M12.3 M5.4 M
Slightly volatile
Current Deferred Revenue16.2 M15.4 MM
Slightly volatile
Net Tangible Assets123 M117.1 M59.8 M
Slightly volatile
Short Term Investments37.9 M67 M36.8 M
Slightly volatile
Capital Surpluse241.4 M229.9 M128.1 M
Slightly volatile
Non Current Liabilities Other2.1 M3.3 M1.9 M
Slightly volatile
Net Invested Capital212.1 M391.8 M154.8 M
Slightly volatile
Net Working Capital85.7 M159.3 M69.2 M
Slightly volatile
Short and Long Term Debt200 K180 K252 K
Slightly volatile
Capital Stock46.6 K52.9 K41.3 K
Slightly volatile
Capital Lease Obligations5.3 M4.3 M6.7 M
Slightly volatile

Mitek Systems Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization404.2 K425.5 K2.7 M
Pretty Stable
Total Revenue173.8 M165.5 M77.1 M
Slightly volatile
Gross Profit149.7 M142.5 M66.5 M
Slightly volatile
Other Operating Expenses139.6 M133 M68.9 M
Slightly volatile
Cost Of Revenue24.2 M23 M10.5 M
Slightly volatile
Total Operating Expenses115.5 M110 M60.7 M
Slightly volatile
Research Development36.5 M34.7 M17.4 M
Slightly volatile
Selling General Administrative32.1 M30.6 M19.3 M
Slightly volatile
Selling And Marketing Expenses33.2 M35 M149.7 M
Slightly volatile
Interest Income73.2 K82.3 K89.6 K
Slightly volatile
Reconciled Depreciation22.6 M21.5 M7.6 M
Slightly volatile

Mitek Systems Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation18 M17.2 M6.6 M
Slightly volatile
Other Non Cash Items8.9 M8.5 MM
Slightly volatile
End Period Cash Flow38.7 M36.9 M18.5 M
Slightly volatile
Begin Period Cash Flow36.6 M34.9 M16.4 M
Slightly volatile
Change To Liabilities1.5 M2.5 M1.8 M
Pretty Stable
Stock Based Compensation16.1 M15.3 MM
Slightly volatile
Issuance Of Capital Stock4.2 M5.5 M2.9 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.892.554.7821
Slightly volatile
PTB Ratio2.032.143.9633
Slightly volatile
Days Sales Outstanding99.8112377.0438
Slightly volatile
Book Value Per Share4.264.062.4181
Slightly volatile
Invested Capital0.760.790.6444
Pretty Stable
Average Payables908.1 K1.6 M1.3 M
Slightly volatile
Stock Based Compensation To Revenue0.130.06970.1219
Slightly volatile
PB Ratio2.032.143.9633
Slightly volatile
EV To Sales2.812.974.7116
Pretty Stable
Inventory Turnover7.147.517.8234
Pretty Stable
Days Of Inventory On Hand49.1564.2551.8759
Slightly volatile
Payables Turnover4.333.483.0578
Slightly volatile
Sales General And Administrative To Revenue0.480.290.3291
Slightly volatile
Average Inventory139.7 K133.1 K142 K
Slightly volatile
Research And Ddevelopement To Revenue0.320.190.2732
Slightly volatile
Cash Per Share2.772.641.525
Slightly volatile
Days Payables Outstanding102109159
Slightly volatile
Intangibles To Total Assets0.440.420.2881
Slightly volatile
Current Ratio2.373.323.7176
Pretty Stable
Receivables Turnover4.143.085.4356
Slightly volatile
Graham Number4.03.812.813
Slightly volatile
Shareholders Equity Per Share4.264.062.4181
Slightly volatile
Debt To Equity0.760.790.6444
Pretty Stable
Average Receivables4.2 MM3.7 M
Slightly volatile
Revenue Per Share4.584.362.2038
Slightly volatile
Interest Debt Per Share3.12.951.1941
Slightly volatile
Debt To Assets0.250.40.1832
Slightly volatile
Operating Cycle139187108
Slightly volatile
Price Book Value Ratio2.032.143.9633
Slightly volatile
Days Of Payables Outstanding102109159
Slightly volatile
Company Equity Multiplier2.482.271.9409
Pretty Stable
Long Term Debt To Capitalization0.50.460.1796
Slightly volatile
Total Debt To Capitalization0.40.470.2348
Pretty Stable
Debt Equity Ratio0.760.790.6444
Pretty Stable
Quick Ratio2.223.223.5621
Pretty Stable
Net Income Per E B T0.850.71.1652
Pretty Stable
Cash Ratio0.751.031.1183
Slightly volatile
Days Of Inventory Outstanding49.1564.2551.8759
Slightly volatile
Days Of Sales Outstanding99.8112377.0438
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio1.211.111.1259
Pretty Stable
Price To Book Ratio2.032.143.9633
Slightly volatile
Fixed Asset Turnover30.5822.2825.6492
Very volatile
Debt Ratio0.250.40.1832
Slightly volatile
Price Sales Ratio2.892.554.7821
Slightly volatile
Asset Turnover0.470.490.5911
Slightly volatile
Gross Profit Margin0.570.780.8131
Very volatile
Price Fair Value2.032.143.9633
Slightly volatile

Mitek Systems Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap228.2 M217.4 M190.9 M
Slightly volatile
Enterprise Value219.6 M209.2 M182.3 M
Slightly volatile

Mitek Fundamental Market Drivers

Forward Price Earnings14.4928
Cash And Short Term Investments90.3 M

Mitek Upcoming Events

3rd of September 2024
Upcoming Quarterly Report
View
12th of September 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
4th of July 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
30th of September 2022
Last Financial Announcement
View

About Mitek Systems Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Mitek Systems income statement, its balance sheet, and the statement of cash flows. Mitek Systems investors use historical funamental indicators, such as Mitek Systems's revenue or net income, to determine how well the company is positioned to perform in the future. Although Mitek Systems investors may use each financial statement separately, they are all related. The changes in Mitek Systems's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Mitek Systems's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Mitek Systems Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Mitek Systems. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue15.4 M16.2 M
Total Revenue165.5 M173.8 M
Cost Of Revenue23 M24.2 M
Stock Based Compensation To Revenue 0.07  0.13 
Sales General And Administrative To Revenue 0.29  0.48 
Research And Ddevelopement To Revenue 0.19  0.32 
Capex To Revenue(0.01)(0.01)
Revenue Per Share 4.36  4.58 
Ebit Per Revenue 0.10  0.11 

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When determining whether Mitek Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Mitek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Mitek Systems Stock. Highlighted below are key reports to facilitate an investment decision about Mitek Systems Stock:
Check out the analysis of Mitek Systems Correlation against competitors.
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.
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Is Mitek Systems' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mitek Systems. If investors know Mitek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mitek Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.94)
Earnings Share
(0.17)
Revenue Per Share
3.565
Quarterly Revenue Growth
0.018
Return On Assets
(0)
The market value of Mitek Systems is measured differently than its book value, which is the value of Mitek that is recorded on the company's balance sheet. Investors also form their own opinion of Mitek Systems' value that differs from its market value or its book value, called intrinsic value, which is Mitek Systems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mitek Systems' market value can be influenced by many factors that don't directly affect Mitek Systems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mitek Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mitek Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitek Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.