MITEK SYSTEMS INC (MITK)
Information Technology · Identity Verification & Digital Banking Software · NASDAQ
Mitek Systems empowers global businesses to establish digital trust through AI-powered identity verification and mobile check deposit technology.
What MITEK SYSTEMS INC does
Mitek Systems provides digital identity verification and mobile deposit solutions that enable financial institutions and other businesses to verify identities and process check deposits remotely. The company’s technology portfolio utilizes computer vision and artificial intelligence to facilitate secure, streamlined digital transactions and account openings.
Themes: digital identity verification, mobile banking technology, AI and computer vision software, fintech infrastructure
Fundamentals
- Price$17.07 as of 2026-10-08 close
- Market cap$770M as of 2026-07-31 (share count; price 2026-10-08)
- 1-year return+82.8% 2025-10-08 close $9.34 → 2026-10-08 close $17.07
- P/E36.60 as of 2026-10-08
- Net margin+4.9% FY2025, SEC XBRL
- ROE+3.7% FY2025, SEC XBRL
- Debt / equity0.20 as of 2026-09-03
- Revenue growth (YoY)+11.1% as of 2026-09-03
- Revenue CAGR (3y)+7.5% SEC XBRL
- Beta1.21 as of 2026-09-03
- Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)
How MITK compares in its sector
- price-to-earnings ratiomiddle range 253 covered Information Technology peers, as of 2026-10-08
- net profit marginmiddle range 380 covered Information Technology peers, as of 2026-09-03
- operating marginmiddle range 375 covered Information Technology peers, as of 2026-09-03
- return on equitymiddle range 370 covered Information Technology peers, as of 2026-09-03
- 3-year revenue CAGRmiddle range 385 covered Information Technology peers
- free cash flow (absolute dollars, latest fiscal year)middle range 382 covered Information Technology peers, as of FY2025
Position among covered Information Technology companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
How MITEK SYSTEMS INC looks technically
MITEK SYSTEMS INC (MITK) is trading 12.1% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 197 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 9, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 45, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 6 trading days ago (its momentum flipped positive). It made a new 20-day low about 8 trading days ago. It is 18.9% below its highest point of the past year. Day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 1% of the past ~6 months), which often precedes a bigger move.
Trend
8
| Distance from the 200-day | it is trading 12.1% above its 200-day average, the long-term trend line — a longer-term uptrend | +12.1% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $17.84 | $17.84 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $15.23 | $15.23 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 9 calendar days ago — the swings before that are what the structure reading is measured on | 9 sessions |
| Wave structure | its recent swings can be read as a completed three-part downward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes below 16.55. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave downward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 197 trading days ago — a "golden cross", a bullish long-term signal | 197 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 9, below the 25 that marks a real trend) | 8.9 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 45, neither overbought (above 70) nor oversold (below 30) | 44.7 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($16.55 to $18.36) — its "stochastic" reading is 29 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 28.7 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 6 trading days ago (its momentum flipped positive) | 6 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $21.05 | $21.05 |
|---|---|---|
| From the 52-week high | it is 18.9% below its 52-week high (its highest price of the past year) | -18.9% |
| Above the 52-week low | it is 100.1% above its 52-week low (its lowest price of the past year) | +100.1% |
| Below the 52-week high | it is 18.9% below its highest point of the past year | 18.9% |
| Since a 20-day breakout | it made a new 20-day low about 8 trading days ago | 8 sessions |
| Since a 55-day breakout | it is trading within its recent 55-day range, with no fresh breakout up or down | 0 sessions |
| All-time high | its highest closing price on record is $23.29 (set on 2021-09-02) | $23.29 |
| Given back of the 52-week move | over the past year its closes ranged ($8.65 to $20.14), and it has given back roughly a quarter of its rise from last year’s low — 27% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $12.67 to $13.04. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 26.7% |
| From the all-time high | it is 26.7% below its all-time high | -26.7% |
| Nearest price level | it is trading 3.3% above a support level at $16.51 — a price it turned at four times since 2026-05-11, most recently on 2026-09-29. Since 2024-10-08 it has 11 such levels below the current price and 1 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -3.3% |
| All-time low | its lowest closing price on record is $0.05 (set on 2009-01-27) | $0.05 |
| Above the all-time low | it is 34040.0% above its all-time low | +34,040% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 1% of the past ~6 months), which often precedes a bigger move | 1st percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.7465 between its high and its low — about 4.4% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.7465 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $16.65 and $18.26 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $16.65 – $17.46 – $18.26 |
| Typical daily range (% of price) | its price moves about 4.4% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 4.4% |
| Stretch from the 200-day average | it is trading 2.5 daily ranges above its 200-day average price (12.1% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 2.5 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.29× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Price gaps
3
| Gap at the open | it opened on 2026-10-08 0.2% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -0.2% |
|---|---|---|
| Open gap | it gapped 9.1% above the previous close 52 sessions ago and has not traded back through the level it left behind at 15.91 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +9.1% |
| Gap filled | a 2.9% gap up opened on 2026-09-03 has been "filled" 22 sessions ago — price traded back through the level the gap left behind, and it took 2 sessions to close | 22 sessions ago |
Price streaks
1
| Closing streak | it has closed lower 5 sessions in a row, a -4.9% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 5 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 5.3 percentage points (the stock lost 4.3% while the market gained 1.0%) | -5.3% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 11.4 percentage points (the stock lost 7.6% while the market gained 3.8%) | -11.4% |
| vs market, 6 months | over the past 6 months this stock beat the market by 7.4 percentage points (the stock gained 24.9% while the market gained 17.5%) | +7.4% |
| vs market, 12 months | over the past 12 months this stock beat the market by 67.8 percentage points (the stock gained 82.8% while the market gained 15.0%) | +67.8% |
Signal agreement
2
| Bullish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, MACD momentum is positive, outperforming the market over 6 months — these describe past price behaviour, not a forecast | 4 of 9 |
|---|---|---|
| Bearish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bearish state: trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 1 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 7.4% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 0.2% of the share price, which is taken to mean a barrier that gives way easily. | -7.4% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 10% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $15.58 — a volume-weighted average of daily closes over 192 sessions, not a true tick-by-tick VWAP. | +9.6% |
|---|---|---|
| Vs the average paid since it last reported | the price is 5% below the average price paid since it last reported on 2026-08-06 (its 10-Q), so the typical buyer over that stretch is under water. That average is $17.98 — a volume-weighted average of daily closes over 45 sessions, not a true tick-by-tick VWAP. | -5.1% |
Channel down, bearish — forming · entry $16.13 · 38 sessions in
Price levels it has turned at before
MITK last closed at $17.07 on 2026-10-08. Since 2024-10-08 it has turned at 11 prices below its last close and 1 above; the 3 nearest below and the nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $16.51 | Support | 3.3% below the last close | turned there four times · 2026-05-11 to 2026-09-29 |
| $18.02 | Resistance | 5.6% above the last close | turned there twice · 2026-06-01 to 2026-07-08 |
| $15.75 | Support | 7.8% below the last close | turned there three times · 2026-03-05 to 2026-07-23 |
| $13.34 | Support | 21.8% below the last close | turned there three times · 2026-04-13 to 2026-05-14 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part downward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $16.55.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 3 labellings that survived the rules, counting shorter readings of the same bars.
This reading has stood for 5 trading days, since 2026-10-02.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · in a Bollinger Band volatility squeeze · trendless / choppy (low ADX) · beating the market · On a losing streak (5+ lower closes in a row) · Under water since its last earnings report (below the anchored VWAP) | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low · bollinger bands
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$22.63 range $18.00 – $26.00; median $23.25
Analyst estimates, as of 2026-10-03. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for MITK
- Consensus EPS estimate$0.155 next reporting period, as of 2026-10-03
- Estimate change, 30 days$0.00 (0.0%) from $0.155, on 2026-08-29, 35-day window
- Readings revised upward0% of 8 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Dependence on financial services industry and transaction volumes","Potential for data security breaches and cyberattacks involving sensitive personal information","Competition from established technology firms and emerging fintech startups"]
What changed in the latest 10-Q
AI-assisted comparison of MITK's 10-Q filed 2026-05-07 against the prior one filed 2026-02-05.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-05-07) adds: 'During the quarter, we repaid the 2026 Notes (as defined below) in full and borrowed $50.0 million under our Term Loan (as defined below), simplifying our capital structure and reducing potential dilution.'
- Newer filing (2026-05-07) adds second quarter fiscal 2026 highlights including revenue of $54.8 million for three months ended March 31, 2026, net income of $9.5 million ($0.20 per diluted share), and cash from operations of $7.1 million for six months ended March 31, 2026.
- Newer filing (2026-05-07) adds disclosure that total issued patents increased to 112 as of March 31, 2026, with 25 patent applications outstanding.
- Removed:
- Older filing (2026-02-05) first quarter fiscal 2026 highlights removed, including revenue of $44.2 million for three months ended December 31, 2025, net income of $2.8 million ($0.06 per diluted share), and cash from operations of $8.0 million for three months ended December 31, 2025.
- Older filing (2026-02-05) disclosure that total issued patents were 111 as of December 31, 2025, with 26 patent applications outstanding, is removed.
- Older filing (2026-02-05) results of operations comparison table for three months ended December 31, 2025 and 2024 is removed.
- Older filing (2026-02-05) revenue section describing December 31, 2025 performance compared to December 31, 2024 is removed.
- Reworded:
- Overview section: Older filing (2026-02-05) uses 'The Company's technologies' and 'Mitek's platform' and 'The Company's mobile check deposit' and 'Mitek's identity verification' and 'Mitek serves' and 'The Company's solutions'; Newer filing (2026-05-07) uses 'Our technologies', 'Our platform', 'Our mobile check deposit', 'Our identity verification', 'we serve', and 'Our solutions' throughout.
- Highlights section title changed from 'First Quarter Fiscal 2026 Highlights' (older, 2026-02-05) to 'Second Quarter Fiscal 2026 Highlights' (newer, 2026-05-07).
- Results of Operations section heading changed from 'Comparison of the Three Months Ended December 31, 2025 and 2024' (older, 2026-02-05) to 'Comparison of the Three Months Ended March 31, 2026 and 2025' (newer, 2026-05-07).
- Notes:
- The newer filing reports Q2 fiscal 2026 (ended March 31, 2026) while the older filing reports Q1 fiscal 2026 (ended December 31, 2025); these are different reporting periods and companies naturally report different results for different quarters.
- The financial results tables and revenue analysis in the two filings cover different periods (March 31, 2026 vs December 31, 2025 comparisons respectively) and are not directly comparable sections.
Risk Factors
- Added:
- Newer filing added 'Income tax payables' line item ($3,000 thousand as of March 31, 2026)
- Newer filing added 'Current portion of term loan' ($2,500 thousand as of March 31, 2026)
- Newer filing added 'Long-term portion of term loan' ($47,500 thousand as of March 31, 2026)
- Newer filing reports six-month period ended March 31, 2026 with revenue of $99,085 thousand and net income of $12,308 thousand
- Newer filing includes Statement of Cash Flows section that is not present in older filing excerpt
- Removed:
- Older filing showed 'Convertible senior notes' of $154,464 thousand as of December 31, 2025; newer filing shows $0 as of March 31, 2026
- Older filing included 'Income tax payables' line was not separately shown; older presentation grouped differently
- Older filing reported three-month period ended December 31, 2025 (Q1 fiscal 2026); newer filing reports three-month period ended March 31, 2026 (Q2 fiscal 2026)
- Reworded:
- Older filing used 'Accumulated other comprehensive income' (positive $474 thousand); newer filing uses 'Accumulated other comprehensive income (loss)' (negative $2,531 thousand)
- Balance sheet presentation changed: older filing showed 'Convertible senior notes' as single current liability item; newer filing split debt into 'Current portion of term loan' and 'Long-term portion of term loan' with convertible notes eliminated
- Notes:
- The two filings cover different fiscal periods (Q1 FY2026 ended December 31, 2025 vs. Q2 FY2026 ended March 31, 2026), limiting direct period-to-period comparisons
- Financial statements in both filings are unaudited condensed consolidated statements
- The older filing excerpt is truncated and does not include complete sections for full analysis
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 180 days · read to 2026-10-040 buys · 2 sells ($2M) — 1 selling insider
Most recent open-market transaction: 2026-05-15. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about MITK's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding MITK as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 6,033,356
- Reported value $121,451,470
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 3 increased, 2 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about MITK's institutional holders → See what each manager we track holds →
Short interest (FINRA)
MITK had 4,103,611 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
MITK had 9.09% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 7.29 days to cover at the same settlement.
- Reported short interest (shares) 4,103,611
- Short interest (% of shares outstanding) 9.09%
- Prior settlement (shares) 4,021,998
- Reported change 2.03%
- Days to cover (reported) 7.29
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Onfido (Entrust)
- Jumio
- Socure
- Trulioo
- LexisNexis Risk Solutions
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Frequently asked questions
What does MITEK SYSTEMS INC (MITK) do?
Mitek Systems provides digital identity verification and mobile deposit solutions that enable financial institutions and other businesses to verify identities and process check deposits remotely. The company’s technology portfolio utilizes computer vision and artificial intelligence to facilitate secure, streamlined digital transactions and account openings.
What sector is MITEK SYSTEMS INC (MITK) in?
MITEK SYSTEMS INC (MITK) is classified in the Information Technology sector. Its industry is Identity Verification & Digital Banking Software. It trades on NASDAQ.
Who are MITEK SYSTEMS INC's (MITK) competitors?
Notable peers of MITEK SYSTEMS INC (MITK) include Onfido (Entrust), Jumio, Socure, Trulioo and LexisNexis Risk Solutions. This peer set is informational only — not financial advice.
Is MITEK SYSTEMS INC (MITK) overbought or oversold right now?
MITEK SYSTEMS INC (MITK) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 45, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on MITK come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.