Mitek Systems Inc
Research Mitek Systems Inc (MITK) on Bullrun: valuation model: 22.3% overvalued, market cap USD 753.80M, P/E 35.8. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerMITK
- ExchangeNASDAQ
- CountryUnited States
- SectorTechnology
- IndustrySoftware-Application
- CurrencyUSD
- Valuation signal22.3% overvalued
- Market capUSD 753.80M
- P/E35.8
- Financial periodQ2 2026
- RevenueUSD 54.04M
- Net incomeUSD 8.37M
- Free cash flowUSD 25.32M
- Gross margin84.9%
Valuation Snapshot
Bullrun's latest valuation model marks Mitek Systems Inc as 22.3% overvalued; latest market cap is USD 753.80M; P/E is 35.8.
Peer valuation comparison
Latest P/E is 35.83x versus a Technology sector median of 28.7x (24.8% above).
Latest P/E is 35.83x versus a United States median of 23.75x (50.9% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 179.69M | USD 8.80M | USD 54.19M | 85.1% | 0.19 | USD 154.15M | USD 152.22M | USD 240.26M |
| FY2024 | USD 172.08M | USD 3.28M | USD 30.25M | 85.8% | 0.07 | USD 93.46M | USD 2.70M | USD 214.80M |
| FY2023 | USD 172.55M | USD 8.03M | USD 30.55M | 86.7% | 0.17 | USD 58.91M | USD 140.29M | USD 205.19M |
| FY2022 | USD 144.80M | USD 3.69M | USD 19.99M | 86.2% | 0.08 | USD 32.06M | USD 134.19M | USD 170.98M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 753.80M | 35.8 | n/a | n/a |
| 2025 | 2025-12-31 | USD 477.73M | 30.1 | n/a | n/a |
| 2024 | 2024-12-31 | USD 503.21M | 123.7 | n/a | n/a |
| 2023 | 2023-12-29 | USD 594.51M | 72.4 | n/a | n/a |
| 2022 | 2022-12-30 | USD 432.95M | 121.1 | n/a | n/a |
| 2021 | 2021-12-31 | USD 786.27M | 84.5 | n/a | n/a |
About Mitek Systems Inc
Mitek Systems, Inc. provides digital identity verification and fraud prevention solutions worldwide. 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;
ETFs that hold Mitek Systems Inc
Mitek Systems Inc is one of the ten largest holdings of one ETF that investors in Europe can buy:
| ETF | Weight | TER |
|---|---|---|
| L&G Cyber Security Innovation UCITS ETF USD Accumulating | 2.83% | 0.49% |
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Frequently asked questions
Is Mitek Systems Inc overvalued or undervalued?
Bullrun's valuation model currently marks Mitek Systems Inc as 22.3% overvalued.
What is Mitek Systems Inc's market cap?
Mitek Systems Inc's market capitalization is USD 753.80M.
What is Mitek Systems Inc's P/E ratio?
Mitek Systems Inc's price-to-earnings (P/E) ratio is 35.8.
What does Mitek Systems Inc do?
Mitek Systems, Inc. provides digital identity verification and fraud prevention solutions worldwide. 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.