Stocks · Technology · Software - Application
Mitek Systems, Inc. MITK
$17.75 -1.11% Close, Oct 2, 2026 · NASDAQ · Market cap $801.6M
High qualityLow risk
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 8 quarters (average surprise over the last four: +29.6%).
- Diluted EPS over the last four quarters was $0.47, up 41.4% year over year.
- Over the past year the stock returned +81.7%, ahead of the S&P 500 by 66.6 percentage points.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 46%
- EPS growth (TTM, YoY)Top 33%
- FCF growth (TTM, YoY)Bottom 24%
- Revenue growth, 3-year CAGRTop 47%
- Revenue growth accelerationTop 24%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 34%
- Gross marginTop 2%
- Operating marginTop 19%
- Cash conversion (OCF / net income)Top 31%
- Accruals (lower is better)Top 42%
- Net debt / EBITDA (lower is better)Top 32%
- Interest coverTop 44%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 31%
- Free-cash-flow yieldTop 28%
- EBITDA / enterprise valueTop 19%
- Sales / enterprise valueTop 48%
- P/E vs own 5-year history (lower is better)Top 25%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 13%
- 6-month returnTop 46%
- 1-year return vs S&P 500Top 18%
- Distance from 52-week highTop 27%
- Trend checklist (0–4)Top 44%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 20%
- Consecutive EPS beatsTop 25%
- Share of analysts rating BuyTop 26%
- Upside to consensus price targetBottom 44%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 35%
- Maximum drawdown, 3 yearsTop 31%
- Beta vs S&P 500 (lower is better)Top 32%
- Net debt / EBITDA (lower is better)Top 32%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 6.9% | 11.1% | ↑ |
| EPS growth (YoY) | 22.7% | 41.4% | ↑ |
| Gross margin | 85.6% | 87.9% | ↑ |
| Operating margin | 11.1% | 17.8% | ↑ |
| FCF margin | 31.3% | 24.6% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 11.1% | 6.9% | ↑ | Bottom 46% |
| EPS growth (TTM, YoY) | 41.4% | 22.7% | ↑ | Top 33% |
| Gross margin | 87.9% | 85.6% | ↑ | Top 2% |
| Operating margin | 17.8% | 11.1% | ↑ | Top 19% |
| Net margin | 11.4% | 8.7% | ↑ | — |
| Free-cash-flow margin | 24.6% | 31.3% | ↓ | — |
| Return on invested capital | 8.1% | — | Top 34% | |
| Revenue growth, 3-year CAGR | 7.5% | — | Top 47% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.38×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -8.5%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 8.2%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +5.5 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.62×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 4.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 2.23%
- Shareholder yield
- 2.23%
- Share count change, 1 year
- +4.0%
- Share count change, 3-year CAGR
- +1.9%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 8
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +29.6%
- Average 2-day reaction, last 8
- +2.0%
- Positive 20 days after report
- 7 of 8
Analysts
- Consensus price target
- $21.50
- Target vs current price
- +21.1%
- Analysts with a rating
- 14
- Share rating Buy or Strong Buy
- 79%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | +23.5% | -1.9% | +8.4% | +4.8% | — |
| May 7, 2026 | +18.8% | +0.9% | -8.8% | +4.5% | +11.6% |
| Feb 5, 2026 | +42.9% | -0.3% | +13.3% | +54.3% | +47.6% |
| Dec 11, 2025 | +33.3% | +0.1% | +10.9% | +15.7% | +58.7% |
| Aug 7, 2025 | +22.2% | +0.1% | +10.4% | +5.9% | +1.3% |
| May 8, 2025 | +38.5% | +4.1% | +13.5% | +16.0% | +7.2% |
| Feb 10, 2025 | +15.4% | +5.2% | -4.5% | -15.7% | -20.2% |
| Dec 16, 2024 | +94.1% | +8.1% | +30.2% | +15.6% | +2.3% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $0.34 | $0.28 | +23.5% | $54.0M |
| May 7, 2026 | $0.38 | $0.32 | +18.8% | $54.8M |
| Feb 5, 2026 | $0.26 | $0.18 | +42.9% | $44.2M |
| Dec 11, 2025 | $0.24 | $0.18 | +33.3% | $44.8M |
| Aug 7, 2025 | $0.22 | $0.18 | +22.2% | $45.7M |
| May 8, 2025 | $0.36 | $0.26 | +38.5% | $51.9M |
| Feb 10, 2025 | $0.15 | $0.13 | +15.4% | $37.3M |
| Dec 16, 2024 | $0.33 | $0.17 | +94.1% | $43.2M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 37.9× | 69.0× | 22th | Top 31% |
| P/E (forward) | 15.4× | — | — | — |
| EV / EBITDA | 12.4× | — | — | Top 19% |
| EV / Sales | 3.86× | — | — | Top 48% |
| Free-cash-flow yield | 6.06% | — | — | Top 28% |
| Earnings yield | 2.64% | — | — | Top 31% |
P/E over the past five years
Range 27.6× – 316.1× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +81.7%
- Earnings per share growth (TTM)
- +41.4%
- Change in P/E multiple
- +30.3%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 202
- 50-day average slope (20 days)
- -3.2%
- 200-day average slope (20 days)
- +5.9%
- Distance from 50-day average
- -0.3%
- Distance from 200-day average
- +17.4%
- RSI (14)
- 50.8
- Relative volume
- 1.02×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 50.9%
- Volatility vs own 5-year history
- 72th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.15
- Correlation with S&P 500
- 0.35
- Current drawdown from 1-year high
- -11.9%
- Maximum drawdown, 3 years
- -52.1%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Sep 3, 2021 | Apr 8, 2025 | -69.1% | 901 days | Not yet recovered |
| Dec 22, 2020 | Mar 24, 2021 | -26.6% | 62 days | 58 days (Jun 16, 2021) |
| Nov 6, 2020 | Nov 24, 2020 | -22.7% | 12 days | 14 days (Dec 15, 2020) |
| Oct 23, 2020 | Oct 30, 2020 | -11.8% | 5 days | 4 days (Nov 5, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $801.6M
- P/E (TTM)
- 37.9
- EPS, diluted (TTM)
- $0.47
- Revenue (TTM)
- $197.9M
- 52-week range
- $8.53 – $21.05
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $119.8M | $144.8M | $172.6M | $172.1M | $179.7M |
| Gross profit | $105.3M | $124.8M | $149.6M | $147.7M | $152.9M |
| Operating income | $13.3M | $12.2M | $15.6M | $2.2M | $16.8M |
| Net income | $8.0M | $3.7M | $8.0M | $3.3M | $8.8M |
| EPS (diluted) | $0.18 | $0.08 | $0.17 | $0.07 | $0.19 |
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $43.2M | $37.3M | $51.9M | $45.7M | $44.8M | $44.2M | $54.8M | $54.0M |
| Net income | $8.6M | -$4.6M | $9.2M | $2.4M | $1.9M | $2.8M | $9.5M | $8.4M |
| EPS (diluted) | $0.18 | -$0.10 | $0.20 | $0.05 | $0.04 | $0.06 | $0.20 | $0.17 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $37.3M | $21.1M | $31.6M | $31.7M | $55.3M |
| Capital expenditure | -$1.4M | -$1.1M | -$1.0M | -$1.4M | -$1.2M |
| Free cash flow | $36.0M | $20.0M | $30.6M | $30.3M | $54.2M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $3.8M | -$13.5M | $1.7M | -$22.3M | -$3.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $99.7M
- Total assets
- $368.1M
- Total liabilities
- $117.5M
- Total debt
- $51.7M
- Net debt
- -$38.4M
- Shareholders’ equity
- $250.5M
As of Jun 30, 2026 (filed Aug 6, 2026).
Short interest
- Shares sold short
- 4,103,611
- Days to cover
- 7.29
- Change vs previous report
- +2.0%
FINRA short interest, settlement date Sep 15, 2026.