Mitek Systems, Inc.
MITKTechnologyNASDAQSoftware - Application · Last scanned Jun 3, 2026
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Daily timeframeMitek Systems, Inc. provides digital identity verification and fraud prevention solutions worldwide. With a market capitalization of $793.4M, it sits in small-cap territory. The company offers Mobile Deposit, a mobile remote deposit capture solution for retail financial institutions, brokerages, and prepaid card providers; Check Fraud Defender, a cloud-hosted fraud mitigation service; Mitek Verified Identity Platform, an end-to-end identity verification solution; Mobile Verify, an omnichannel identity document verification engine; MiSnap, a software development kit that replaces manual image capture with auto-capture; CheckReader, which enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; and Check Intelligence, a check fraud solution.
Market Cap
$793.4M
Beta
0.95
P/E (TTM)
51.68
P/E (Fwd)
14.47
EPS (TTM)
$0.34
EPS (Fwd)
$1.21
ROE
7.2%
ROA
4.5%
Cash
$77.6M
Total Debt
$57.1M
Free CF
$46.6M
52W Change
79.8%
Annual Financials
Cash vs Debt
Mitek Systems, Inc. holds $77.6M in cash against $57.1M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Annual free cash flow of $46.6M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 7.2% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 4.5% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $144.8M (2022) to $179.7M (2025), reflecting a 24% increase over the period.
The elevated P/E ratio means the stock is priced for significant future growth. If earnings disappoint, the price correction could be sharp. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing MITK.