Mitek Systems Inc. (MITK) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
600 B STREET SAN DIEGO, CA 92101 |
| State of Incorp. | DE |
| Fiscal Year End | September 30 |
| Industry (SIC) | 3577 - Computer Peripheral Equipment, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 12/31/2024 MRQ | 9/30/2024 | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 121,208 | 130,340 | 133,613 | 90,327 | 179,369 | 60,021 | |||
| Cash and cash equivalent | 90,617 | 93,456 | 58,913 | 32,059 | 30,312 | 19,986 | |||
| Short-term investments | 30,591 | 36,884 | 74,700 | 58,268 | 149,057 | 40,035 | |||
| Receivables | 32,348 | 31,682 | 32,132 | 27,874 | 16,602 | 15,612 | |||
| Prepaid expense | 5,054 | 4,514 | 3,513 | 2,000 | 1,920 | 1,338 | |||
| Contract with customer, asset, after allowance for credit loss | 15,588 | 15,818 | 18,355 | 6,273 | 4,080 | 5,187 | |||
| Other current assets | 2,639 | 2,697 | 2,396 | 2,622 | 2,085 | 1,968 | |||
| Total current assets: | 176,837 | 185,051 | 190,009 | 129,096 | 204,056 | 84,126 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,653 | 4,662 | 4,140 | 5,155 | 7,056 | 5,407 | |||
| Property, plant and equipment | 2,418 | 2,564 | 2,829 | 3,493 | 3,671 | 3,610 | |||
| Long-term investments and receivables | 16,667 | 11,410 | 1,304 | 10,633 | 48,051 | 1,963 | |||
| Long-term investments | 16,667 | 11,410 | 1,304 | 10,633 | 48,051 | 1,963 | |||
| Intangible assets, net (including goodwill) | 172,508 | 185,711 | 188,222 | 195,942 | 91,830 | 54,958 | |||
| Goodwill | 124,908 | 131,574 | 123,548 | 120,186 | 63,096 | 35,669 | |||
| Intangible assets, net (excluding goodwill) | 47,600 | 54,137 | 64,674 | 75,756 | 28,734 | 19,289 | |||
| Contract with customer, asset, after allowance for credit loss | 3,897 | 3,620 | 5,579 | ||||||
| Derivative instruments and hedges | 48,208 | ||||||||
| Deferred income tax assets | 19,272 | 19,145 | 11,645 | 10,245 | 10,511 | 13,484 | |||
| Other noncurrent assets | 1,707 | 1,590 | 1,647 | 5,846 | 6,310 | 5,606 | |||
| Total noncurrent assets: | 219,122 | 228,702 | 215,366 | 231,314 | 215,637 | 85,028 | |||
| TOTAL ASSETS: | 395,959 | 413,753 | 405,375 | 360,410 | 419,693 | 169,154 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 5,491 | 7,660 | 22,777 | 6,129 | 14,283 | 12,791 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 11,776 | 8,882 | ||
| Accounts payable | 4,983 | 7,236 | 7,589 | 4,974 | 2,507 | 3,909 | |||
| Accrued liabilities | 508 | 424 | 15,188 | 1,155 | |||||
| Deferred revenue | 21,694 | 21,231 | 17,360 | 13,394 | 10,381 | 7,973 | |||
| Debt | |||||||||
| Restructuring reserve | 901 | ||||||||
| Business combination, contingent consideration, liability | 7,976 | 5,920 | 11,050 | 753 | |||||
| Other liabilities | 912 | 1,760 | 1,482 | 1,650 | 1,552 | 1,020 | |||
| Other undisclosed current liabilities | 10,449 | 11,496 | 1,902 | 12,503 | 1,943 | 1,819 | |||
| Total current liabilities: | 38,546 | 42,147 | 51,497 | 40,497 | 39,209 | 24,356 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 145,706 | 143,601 | 135,516 | 127,970 | 127,506 | 5,327 | |||
| Long-term debt, excluding current maturities | 145,706 | 143,601 | 135,516 | 127,970 | 120,918 | ||||
| Liabilities, other than long-term debt | 10,790 | 13,204 | 13,174 | 21,626 | 60,148 | 7,228 | |||
| Deferred revenue | 692 | 753 | 957 | 1,775 | 955 | 1,597 | |||
| Deferred income tax liabilities | 3,642 | 3,889 | 6,476 | 14,132 | 4,117 | 4,649 | |||
| Other liabilities | 4,139 | 4,332 | 2,874 | 1,613 | 6,868 | 982 | |||
| Operating lease, liability | 2,317 | 4,230 | 2,867 | 4,106 | 6,588 | 5,327 | |||
| Derivative instruments and hedges, liabilities | 48,208 | ||||||||
| Total noncurrent liabilities: | 156,496 | 156,805 | 148,690 | 149,596 | 187,654 | 12,555 | |||
| Total liabilities: | 195,042 | 198,952 | 200,187 | 190,093 | 226,863 | 36,911 | |||
| Equity | |||||||||
| Equity, attributable to parent | 200,917 | 214,801 | 205,188 | 170,317 | 192,830 | 132,243 | |||
| Common stock | 45 | 45 | 46 | 44 | 44 | 42 | |||
| Treasury stock, value | (140) | ||||||||
| Additional paid in capital | 251,967 | 247,326 | 228,691 | 216,493 | 199,935 | 146,518 | |||
| Accumulated other comprehensive income (loss) | (12,950) | (2,302) | (14,237) | (28,219) | (943) | (323) | |||
| Accumulated deficit | (38,145) | (30,268) | (9,312) | (18,001) | (6,066) | (13,994) | |||
| Total equity: | 200,917 | 214,801 | 205,188 | 170,317 | 192,830 | 132,243 | |||
| TOTAL LIABILITIES AND EQUITY: | 395,959 | 413,753 | 405,375 | 360,410 | 419,693 | 169,154 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 TTM | 9/30/2024 | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 172,420 | 172,083 | 172,552 | 143,943 | 119,797 | 101,310 | ||
| Cost of revenue | (9,791) | (8,592) | (25,005) | (21,633) | (7,035) | (6,753) | ||
| Gross profit: | 162,629 | 163,491 | 147,547 | 122,310 | 112,762 | 94,557 | ||
| Operating expenses | (156,556) | (161,260) | (131,983) | (110,971) | (99,485) | (85,689) | ||
| Operating income: | 6,073 | 2,231 | 15,564 | 11,339 | 13,277 | 8,868 | ||
| Nonoperating income (expense) | 5,040 | 6,119 | 3,840 | (370) | 654 | 541 | ||
| Investment income, nonoperating | (4,175) | (8,085) | (7,546) | (7,053) | (4,372) | |||
| Interest and debt expense | (9,394) | (9,259) | (9,063) | (8,232) | (5,129) | |||
| Income (loss) from continuing operations before income taxes: | 1,719 | (909) | 10,341 | 2,737 | 8,802 | 9,409 | ||
| Income tax expense (benefit) | 2,740 | 4,187 | (2,314) | 295 | (824) | (1,595) | ||
| Income from continuing operations: | 4,459 | 3,278 | 8,027 | 3,032 | 7,978 | 7,814 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 7,978 | 7,814 | |
| Net income available to common stockholders, diluted: | 4,459 | 3,278 | 8,027 | 3,032 | 7,978 | 7,814 | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 TTM | 9/30/2024 | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 4,459 | 3,278 | 8,027 | 3,032 | 7,978 | 7,814 | ||
| Comprehensive income: | 4,459 | 3,278 | 8,027 | 3,032 | 7,978 | 7,814 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (5,359) | 11,935 | 13,982 | (27,276) | (620) | 3,738 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (900) | 15,213 | 22,009 | (24,244) | 7,358 | 11,552 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.