Mitek Systems, Inc. (MITK)

From the record

Mitek Systems, Inc.'s filings since 2017 show 22 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 10 times, the latest 2024-01-17); a warning not to rely on past financial statements (8-K item 4.02, 2 times, the latest 2023-05-08); an auditor change (8-K item 4.01, 2 times, the latest 2022-07-18); a late-report notice (Form NT 10-K or NT 10-Q, 8 times, the latest 2024-02-09) (its current reports).

From the record

Mitek Systems, Inc.'s 10 filed years say what it did: revenue went from $35 million in fiscal 2016 to $180 million in fiscal 2025, up 20% a year; it rose in 8 of 9 years; the deepest fall was 0% from fiscal 2023 to fiscal 2024; net income was positive in 8 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-09-30, Mitek Systems, Inc.'s diluted share count grew about 0.8% a year, and dividends and buybacks returned about 24% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 3 sales and 0 purchases of their own stock on the open market in the year to 2026-10-05 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-09-30, Mitek Systems, Inc. earned about 4 cents of profit for every dollar of shareholders' money. Leverage: it owed about 48 cents per dollar of assets, and net share issuance: its share count shrank 1.1% over the year (the filed statements).

From the record

Mitek Systems, Inc.'s standing among 19 graded names in its industry family: revenue of $180 million in fiscal 2025 ranks in the top 39% by size; a net margin of 4.9% ranks in the top 24%; revenue growth of 7.5% a year over the last 3 filed years ranks in the top 39% (its annual reports).

From the record

Mitek Systems, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is West, Edward H (Chief Executive Officer, as filed), filing under that title since 2024-10-03, 2.1 years (bottom 38% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 2.9 years (bottom 4%); 12 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (bottom 25%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Mitek Systems, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $154 million against debt of $4 million leaves 32.6% of its assets as net cash, top 24% of its family; cash from operations less capital spending is 30.2% of revenue (top 18%); research spending of 19.6% of revenue (top 28%) (its annual report).

From the record

Mitek Systems, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 7.5% a year over the last three filed years against 20% over all 10, slowing (bottom 15% of its family); the newest year grew 4.4% (bottom 42%); research spending grew 5.3% a year (top 26%); capital spending grew 0.9% a year (bottom 47%) (its annual reports). Mitek Systems, Inc. reported 7 product lines in fiscal 2025: Saa S at $77 million (43%), Identity Verification Revenue at $77 million (43%), Fraud and Identity Solutions Software License and Support at $15 million (9%), and 4 more; 6 of 7 grew against the year before (its annual report).

From the record

Mitek Systems, Inc.'s newest year against its own record: revenue of $180 million in fiscal 2025 came in 4.2% below the $188 million its prior three years' pace pointed to (bottom 19% of its family); net income of $9 million against a prior three-year average of $5 million (top 8%); a net margin of 4.9% against 3% before (top 47%) (its annual reports).