Feed / MITK

Mitek Systems, Inc.

MITK

Technology · 17.22 +1.1% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Mitek Systems, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 39 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Company+1.1% todayVolume comparison unavailable
Market group0 of 39 activeCloud and AI Solutions · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • MITK's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if MITK's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Technology · Software - Application

No new filing conclusion is available. 0 of 39 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • MITK's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations320
Usable filing statements92
Verified relationships2
Evidence supporting the case
  • Operating margin changed +8.0 percentage points in the latest annual period.
  • Net margin changed +3.0 percentage points in the latest annual period.
Evidence challenging the case
  • Foreign exchange has repeated adverse evidence across 4 filings.
Questions before a position
  • P/E is 21% above the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 23% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

17.22
6m+16.7%12m+69.3%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-09-30$119.8M+18.2%$0.18+6.0%
2022-09-30$144.8M+20.9%$0.08+1.5%
2023-09-30$172.6M+19.2%$0.17+1.5%
2024-09-30$172.1M-0.3%$0.07+2.2%
2025-09-30$179.7M+4.4%$0.19-1.1%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitymixed · 4 filings
Net cash provided by investing activities was $0.5 million during the six months ended March 31, 2025, which consisted primarily of net maturities of investments of $1.0 million, partially offset by capital expenditures of $0.6 million.
10-Q · May 7, 2026
Credit and interest ratesmixed · 4 filings
This decrease was primarily driven by the repayment of $155.3 million for the 2026 Notes, and share repurchases of $17.8 million, partially offset by $50.0 million in borrowings under the Term Loan and cash generated from operations.
10-Q · May 7, 2026
Foreign exchangemixed · 4 filings
The decrease was primarily due to higher loss on foreign currency exchange transactional losses from changes in foreign currency rates and decreased investment income as a result of reduced average cash and investment balances following debt repayment activit…
10-Q · May 7, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 4.5× · EV/sales 3.7×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

17.22+1.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for MITK. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for MITK. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind MITK

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

GSThe Goldman Sachs Group, Inc.partnerFeb 5, 2026

In connection with the issuance of the 2026 Notes, the Company entered into transactions for convertible notes hedge (the “Notes Hedge”) with Bank of America, N.A., Jefferies International Limited and Goldman Sachs & Co.

JEFJefferies Financial Group Inc.partnerFeb 5, 2026

In connection with the issuance of the 2026 Notes, the Company entered into transactions for convertible notes hedge (the “Notes Hedge”) with Bank of America, N.A., Jefferies International Limited and Goldman Sachs & Co.

Filing peers

No filing peers are available for this name yet.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

MITK is currently a Follower in the organic co-movement group Cloud and AI Solutions. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for MITK; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.