Mitek Systems Inc
Research Mitek Systems Inc (MITK) on Bullrun: valuation model: 26.5% overvalued, market cap USD 812.89M, P/E 38.6. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerMITK
- ExchangeNASDAQ
- CountryUnited States
- SectorTechnology
- IndustrySoftware-Application
- CurrencyUSD
- Valuation signal26.5% overvalued
- Market capUSD 812.89M
- P/E38.6
- 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 26.5% overvalued; latest market cap is USD 812.89M; P/E is 38.6.
Peer valuation comparison
Latest P/E is 38.64x versus a Technology sector median of 28.57x (35.2% above).
Latest P/E is 38.64x versus a United States median of 24.87x (55.4% 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 | 87.6% | 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 | 81.3% | 0.17 | USD 58.91M | USD 141.85M | USD 205.19M |
| FY2022 | USD 144.80M | USD 3.69M | USD 19.99M | 95.3% | 0.08 | USD 32.06M | USD 135.81M | USD 170.98M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 812.89M | 38.6 | 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;
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Frequently asked questions
Is Mitek Systems Inc overvalued or undervalued?
Bullrun's valuation model currently marks Mitek Systems Inc as 26.5% overvalued.
What is Mitek Systems Inc's market cap?
Mitek Systems Inc's market capitalization is USD 812.89M.
What is Mitek Systems Inc's P/E ratio?
Mitek Systems Inc's price-to-earnings (P/E) ratio is 38.6.
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.