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MITKMitek Systems Inc

NASDAQ · Technology · Software - Application

$17.84

-$0.62 (-3.36%)

Mitek Systems Inc (MITK) is a software - application company listed on NASDAQ. It is led by Edward H. West, based in 770 First Avenue, San Diego, CA, United States, 92101, with about 565 employees. Mitek Systems, Inc. provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications. The company also offers MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. CheckReader enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; Check Fraud Defender, an AI-powered and cloud-hosted consortium designed to combat check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. In addition, it provides MiVIP, an end-to-end identity verification solution designed for KYC process; and MiPass, an authentication solution, including facial and voice biometrics to safeguard against sophisticated fraud techniques. Further, the company provides IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice to stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. The company was incorporated in 1986 and is based in San Diego, California.

Latest reported MITK revenue for 2025-06-30 was $45.7M. Net income was $2.4M. Revenue was down 11.9% from 2025-03-31 to 2025-06-30. MITK currently screens at market cap $451.1M and trailing P/E 34.1.

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About Mitek Systems Inc

Mitek Systems, Inc. provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications. The company also offers MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. CheckReader enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; Check Fraud Defender, an AI-powered and cloud-hosted consortium designed to combat check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. In addition, it provides MiVIP, an end-to-end identity verification solution designed for KYC process; and MiPass, an authentication solution, including facial and voice biometrics to safeguard against sophisticated fraud techniques. Further, the company provides IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice to stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. The company was incorporated in 1986 and is based in San Diego, California.

MITK Key Statistics

Market Cap

$451.09M

Volume

677,516

Previous Close

$17.75

Day Range

$18.00$19.45

P/E Ratio

34.14

0

EPS

$0.07

Revenue

$172.08M

Net Income

$3.28M

Gross Profit

$0.00

Free Cash Flow

$0.00

Revenue Growth

+357.0%

Profit Margin

1.9%

Employees

565

MITK Financials

Annual income statement in USD. Latest reported periods first.

MITK annual income statement across FY2024, FY2023, FY2022
LineFY2024FY2023FY2022
Revenue$172.08M$37.66M$45.70M
Cost of Revenue$0.00$0.00$0.00
Gross Profit$0.00$0.00$0.00
Operating Income$0.00$0.00$0.00
Net Income$3.28M-$1.44M$4.73M
EPS (Diluted)$0.07-$0.03$0.10

Total Assets

$413.75M

Total Debt

$0.00

Shareholders' Equity

$0.00

Cash & Equivalents

$93.46M

Operating Cash Flow

$31.69M

Free Cash Flow

$0.00

Mitek Systems Inc Company Information

CEO & Director
Edward H. West
Headquarters
770 First Avenue, San Diego, CA, United States, 92101
Phone
619 269 6800
IPO / Founded
1995-05-26
Industry
Software - Application
Data Updated:

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