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Mitek Systems, Inc.
NasdaqCM · CIK 807863
Last close17.75
Daily change-0.20 (-1.11%)
10 Years gain+109.07%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
MITK · STANDARD
SIC 3577 · Computer Peripheral Equipment, NEC · Fiscal year end 0930
Fundamental
71.9Momentum
100.0Acceleration
100.0Confidence
100.0Annual Revenue16
Quarterly Revenue73
Annual CFO15
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth15.7 / 25
Quality19.5 / 25
Capital Efficiency13.8 / 20
Balance Sheet14.5 / 15
Shareholder Economics3.8 / 10
Forward Indicators4.7 / 5
Signals
Gross margin expansionGross margin improved by 0.2341 percentage points.
Operating leverageOperating margin improved by 11.9021 percentage points.
FCF growthFree cash flow grew 54.0729%.
ROIC expansionROIC improved by 10.4602 percentage points.
Strong operating leverageOperating income is growing faster than revenue while operating margin expands.
Warnings
High SBC · MEDIUMStock based compensation is high relative to revenue or FCF.
Key Metrics
Revenue Growth TTM9.79%OK
Revenue CAGR 3Y7.46%OK
Gross Margin76.79%OK
Operating Margin17.27%OK
FCF Margin25.47%OK
FCF Growth54.07%OK
ROIC17.73%OK
Incremental Operating Margin 3Y35.02%OK
Net Debt / CFO-0.9xOK
Diluted Share Growth 1Y4.5%OK
SBC / Revenue8.55%OK
SBC / FCF33.57%OK
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Sep 30, 2025 | $179.69M | $137.92M | $16.79M | $55.34M | $54.19M | 76.76% | 9.34% | 30.15% | 18.34% | 46.93M |
| 2025 FY Sep 30, 2024 | $172.08M | $130.64M | $2.23M | $31.69M | $30.25M | 75.91% | 1.3% | 17.58% | 2.22% | 47.47M |
| 2025 FY Sep 30, 2023 | $172.55M | $128.44M | $15.56M | $31.59M | $30.55M | 74.44% | 9.02% | 17.71% | 15.87% | 46.46M |
| 2024 FY Sep 30, 2022 | $144.80M | $107.82M | $12.20M | $21.12M | $19.99M | 74.46% | 8.43% | 13.81% | 25.26% | 45.78M |
| 2023 FY Sep 30, 2021 | $119.80M | $96.31M | $13.28M | $37.34M | $35.95M | 80.39% | 11.08% | 30.01% | 28.09% | 45.08M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $198.85M | sum latest 4 fiscal quarters Revenue | OK | 0000807863-26-000036, 0001628280-26-005783 |
| Revenue Growth TTM | 9.79% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0000807863-26-000036, 0001628280-26-005783 |
| Revenue CAGR 3Y | 7.46% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001628280-25-056520 |
| Revenue CAGR 5Y | 12.14% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001628280-25-056520 |
| Gross Profit CAGR 3Y | 8.55% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0001628280-25-056520 |
| Operating Income Growth | 253.2% | OperatingIncome_current / OperatingIncome_prior_year - 1 | OK | 0000807863-26-000036, 0001628280-26-005783 |
| FCF Growth | 54.07% | FCF_current / FCF_prior_year - 1 | OK | 0000807863-26-000036, 0000807863-26-000026 |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 76.79% | Gross Profit / Revenue | OK | 0000807863-26-000036, 0001628280-26-005783 |
| Operating Margin | 17.27% | Operating Income / Revenue | OK | 0000807863-26-000036, 0001628280-26-005783 |
| FCF Margin | 25.47% | (CFO - CapEx) / Revenue | OK | 0000807863-26-000036, 0000807863-26-000026 |
| CFO / Net Income | 2.42x | CFO / Net Income | OK | 0000807863-26-000036, 0000807863-26-000026 |
| FCF / Net Income | 2.2x | FCF / Net Income | OK | 0000807863-26-000036, 0000807863-26-000026 |
| ROIC | 17.73% | NOPAT / Average Invested Capital | OK | 0000807863-26-000036, 0001628280-26-005783 |
| Net Debt / CFO | -0.9x | Net Debt / CFO | OK | 0000807863-26-000036, 0000807863-26-000026 |