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Mitek Systems Inc (MITK)
NASDAQ:MITK

Mitek Systems (MITK) Price & Analysis

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MITK Stock Chart & Stats

$14.58
-$0.15(-1.40%)
At close: 4:00 PM EST
$14.58
-$0.15(-1.40%)

Bulls Say, Bears Say

Bulls Say
AI-driven Product DemandAnalyst upgrade to Buy cites accelerating demand for the company's fraud and identity solutions as AI-enabled fraud expands use cases, supporting potential revenue upside.
Capital AllocationPayoff of convertible debt alongside a new share buyback authorization signals a cleaner capital structure and potential support for shareholder returns.
Recurring SaaS And MarginsA high mix of recurring SaaS revenue combined with strong gross margins in the fraud and identity segment supports improving profitability and more predictable cash flow.
Bears Say
Sales Execution For New ProductLonger-than-expected sales cycles for larger Check Fraud Defender contracts have reduced near-term revenue contributions from that product and could delay expected upside.
Secular Decline Risk In Core ProductOngoing secular declines in check usage create downside risk for the mobile deposit business if transaction volumes or customer renewals weaken over time.
Subscription Transition HeadwindShift of legacy products to a subscription model creates a margin headwind that could pressure near-term profitability despite ongoing cost controls and growth efforts.

Mitek Systems News

MITK FAQ

What was Mitek Systems Inc’s price range in the past 12 months?
Mitek Systems Inc lowest stock price was $6.93 and its highest was $15.15 in the past 12 months.
    What is Mitek Systems Inc’s market cap?
    Mitek Systems Inc’s market cap is $660.71M.
      When is Mitek Systems Inc’s upcoming earnings report date?
      Mitek Systems Inc’s upcoming earnings report date is Apr 23, 2026 which is in 52 days.
        How were Mitek Systems Inc’s earnings last quarter?
        Mitek Systems Inc released its earnings results on Feb 05, 2026. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.182 by $0.078.
          Is Mitek Systems Inc overvalued?
          According to Wall Street analysts Mitek Systems Inc’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Mitek Systems Inc pay dividends?
            Mitek Systems Inc does not currently pay dividends.
            What is Mitek Systems Inc’s EPS estimate?
            Mitek Systems Inc’s EPS estimate is 0.34.
              How many shares outstanding does Mitek Systems Inc have?
              Mitek Systems Inc has 45,316,288 shares outstanding.
                What happened to Mitek Systems Inc’s price movement after its last earnings report?
                Mitek Systems Inc reported an EPS of $0.26 in its last earnings report, beating expectations of $0.182. Following the earnings report the stock price went up 20.468%.
                  Which hedge fund is a major shareholder of Mitek Systems Inc?
                  Currently, no hedge funds are holding shares in MITK
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Mitek Systems Inc

                    Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and web browsers to facilitate digital consumer experiences. It offers Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications. The company also provides Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion; and MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; Check Fraud Defender, an AI-powered and cloud-hosted model for fighting check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. Further, the company provides ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents; IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice that helps stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.

                    Mitek Systems (MITK) Earnings & Revenues

                    MITK Company Deck

                    MITK Earnings Call

                    Q1 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call presents a predominantly positive picture: strong top-line growth (19% QoQ), outsized growth in the strategic fraud & identity segment (30% YoY), expanding SaaS mix, materially improved adjusted EBITDA (+69% YoY) and EPS (~80% YoY), solid free cash flow and balance sheet simplification, and an increased FY revenue and margin outlook. Near-term margin pressure (gross margin down ~280 bps) and timing/convertibility risks from pilots and license renewals are notable but described as transitional by management. Management has taken decisive balance-sheet and capital allocation actions (retiring convertible notes, new $50M buyback) and is investing to scale the platform. Overall, the positive operational and financial momentum outweighs the headline lowlights.View all MITK earnings summaries

                    MITK Stock 12 Month Forecast

                    Average Price Target

                    $14.75
                    ▲(1.17% Upside)
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