Mitek Systems (MITK) Financials

$18.42

$-0.43 (-2.28%)

As on 04-Sep-2026 13:33EDT

Market cap

$851 Mln

Revenue (TTM)

$198 Mln

P/E Ratio

40.1

P/B Ratio

3.5

Div. Yield

0 %

Annual
Quarterly

Income Statement ($ Mln)	TTM	Sep-25	Sep-24	Sep-23	Sep-22	Sep-21	Sep-20	Sep-19	Sep-18	Sep-17	Sep-16
Operating Revenue	197.90	179.69	172.08	172.55	144.80	119.80
Cost of Revenue	32.43	26.79	24.40	22.95	20.01	14.54
Gross Profit	165.47	152.90	147.69	149.60	124.80	105.26
Operating Expenses	138.77	136.11	145.46	134.04	130.80	91.98
Operating Profit (EBIT)	35.22	16.79	2.23	15.56	14.00	13.28
Other Income	--	--	--	--	--	0.65
Profit before Tax	31.61	11.61	-0.91	10.34	3.60	8.80
Provision for Tax	9.07	2.81	-4.19	2.31	--	0.82
Profit after Tax (Net Income)	22.54	8.80	3.28	8.03	3.69	7.98
Minority Interest	--	--	--	--	--	--
Consolidated Profit	--	--	--	--	--	8.41

Liabilities ($ Mln)	TTM	Sep-25	Sep-24	Sep-23	Sep-22	Sep-21	Sep-20	Sep-19	Sep-18	Sep-17	Sep-16
Shareholder's Funds	250.52	240.26	214.80	205.19	170.32	192.83
Minority Interest	--	--	--	--	--	--
Non-Current Liabilities	56.35	9.82	156.81	148.69	149.60	187.65
Current Liabilities	61.18	209.03	42.15	51.50	40.50	39.21
Total Liabilities	429.24	459.11	413.75	405.38	360.41	419.69

Assets ($ Mln)	TTM	Sep-25	Sep-24	Sep-23	Sep-22	Sep-21	Sep-20	Sep-19	Sep-18	Sep-17	Sep-16
Non-Current Assets	200.19	210.62	228.70	215.37	231.31	215.64
Current Assets	167.87	248.49	185.05	190.01	129.10	204.06
Total Assets	429.24	459.11	413.75	405.38	360.41	419.69
Total Debt*	51.68	155.19	148.64	140.29	134.19	129.45
Net Current Assets	106.68	39.46	142.90	138.51	88.60	165.60

Cashflow ($ Mln)	TTM	Sep-25	Sep-24	Sep-23	Sep-22	Sep-21	Sep-20	Sep-19	Sep-18	Sep-17	Sep-16
Cash From Operating Activities	--	55.34	31.69	31.59	26.35	37.34
Cash Flow from Investing Activities	--	5.84	28.75	-6.78	-3.53	-170.49
Cash from Financing Activities	--	-1.85	-25.88	1.70	-21.14	143.68
Net Cash Inflow / Outflow	--	--	--	--	--	10.53

Financials Ratios	TTM	Sep-25	Sep-24	Sep-23	Sep-22	Sep-21	Sep-20	Sep-19	Sep-18	Sep-17	Sep-16
Adjusted EPS ($)	0.47	0.19	0.07	0.17	0.08	0.17
Cash EPS ($)	--	0.51	0.43	0.58	0.41	0.37
Adjusted Book Value ($)	--	5.08	4.61	4.46	3.77	4.17
Dividend per Share ($)	--	--	--	--	--	--
Cash Flow per Share ($)	--	1.17	0.68	0.69	0.58	0.81
Free Cash Flow per Share ($)	--	1.15	0.65	0.66	0.56	0.78

Profitability Ratios	TTM	Sep-25	Sep-24	Sep-23	Sep-22	Sep-21	Sep-20	Sep-19	Sep-18	Sep-17	Sep-16
ROCE (%)	--	2.32	0.92	2.47	1.18	3.46
ROE (%)	9.31	3.87	1.56	4.28	2.03	4.91
ROA (%)	4.19	2.02	0.80	2.10	0.95	2.71
EBIT Margin (%)	19.62	11.90	4.85	11.25	--	11.63
Net Margin (%)	11.39	4.90	1.90	4.65	2.55	6.62
Cash Profit Margin (%)	0.00	--	--	--	--	--

Growth Ratios	TTM	Sep-25	Sep-24	Sep-23	Sep-22	Sep-21	Sep-20	Sep-19	Sep-18	Sep-17	Sep-16
Revenue Growth (%)	11.10	0.04	0.00	0.19	0.21	0.18
EBIT Growth (%)	54.42	156.14	-56.97	--	--	48.06
Net Profit Growth (%)	45.30	168.33	-59.16	117.30	-53.70	2.10
EPS Growth (%)	41.52	1.64	-0.60	1.14	-0.53	-0.05
Book Value Growth (%)	1.41	--	--	--	--	--

Valuation Ratios	TTM	Sep-25	Sep-24	Sep-23	Sep-22	Sep-21	Sep-20	Sep-19	Sep-18	Sep-17	Sep-16
Price / Earnings	40.11	52.56	123.18	61.44	112.14	107.22
Price / Book Value	3.46	1.92	1.88	2.40	2.43	4.44
Dividend Yield (%)	--	--	--	--	--	--
EV/EBITDA	15.31	11.52	16.71	13.00	41.76	35.20
Close Price ($)	20.13	9.77	8.67	10.72	9.16	18.50
High Price ($)	20.17	11.78	16.24	13.98	20.42	23.29
Low Price ($)	8.53	6.93	7.35	8.60	8.32	11.27
Market Cap ($ Cr)	850.56	--	--	--	--	--

Solvency Ratios	TTM	Sep-25	Sep-24	Sep-23	Sep-22	Sep-21	Sep-20	Sep-19	Sep-18	Sep-17	Sep-16
Debt to Equity	0.19	0.65	0.69	0.68	0.79	0.67
Short term debt to equity ratio	0.01	0.64	0.00	0.01	0.01	0.01
Current Ratio	2.74	1.19	4.39	3.69	3.19	5.20
Quick Ratio	2.74	--	--	3.65	3.14	5.16
Interest Coverage	5.38	2.19	0.90	2.14	--	2.72

Operating Efficiency Ratios	TTM	Sep-25	Sep-24	Sep-23	Sep-22	Sep-21	Sep-20	Sep-19	Sep-18	Sep-17	Sep-16
Debtors to sales (%)	30.86	27.55	27.60	29.26	23.58	17.26
Asset Turnover	0.37	0.41	0.42	0.45	0.37	0.41
Receivable days	--	98.58	103.99	89.57	69.15	63.24
Inventory Days	--	--	29.94	31.83	35.78	40.92
Payable days	--	75.74	110.98	99.97	68.28	80.59
Cash Conversion Cycle	--	--	22.95	21.44	36.65	23.57

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.