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Mitek Systems Inc is engaged in the development, sale, and service of proprietary software solutions related to mobile imaging. The firm is a software development company with expertise in artificial intelligence, and machine learning. It serves more than 7,900 financial services organizations, financial technology (fintech) brands, telecommunications companies, and marketplace brands across the globe. The company's Mobile Deposit solution is used by consumers for mobile check deposits. The company's Mobile Verify verifies a user's identity online enabling organizations to build safer digital communities, whereas CheckReader enables financial institutions to automatically extract data from a check image received across any deposit channel - branch, ATM, RDC, and mobile.
1986
630
LTM Revenue $174M
LTM EBITDA $46.7M
$382M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Mitek Systems has a last 12-month revenue of $174M and a last 12-month EBITDA of $46.7M.
In the most recent fiscal year, Mitek Systems achieved revenue of $172M and an EBITDA of $25.3M.
Mitek Systems expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Mitek Systems valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $173M | $172M | XXX | XXX | XXX |
| Gross Profit | $124M | $150M | XXX | XXX | XXX |
| Gross Margin | 72% | 87% | XXX | XXX | XXX |
| EBITDA | $38.5M | $25.3M | XXX | XXX | XXX |
| EBITDA Margin | 22% | 15% | XXX | XXX | XXX |
| Net Profit | $3.0M | $8.0M | XXX | XXX | XXX |
| Net Margin | 2% | 5% | XXX | XXX | XXX |
| Net Debt | $95.9M | $76.6M | XXX | XXX | XXX |
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As of April 15, 2025, Mitek Systems's stock price is $8.
Mitek Systems has current market cap of $355M, and EV of $382M.
See Mitek Systems trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $382M | $355M | XXX | XXX | XXX | XXX | $0.92 |
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Sign UpAs of April 15, 2025, Mitek Systems has market cap of $355M and EV of $382M.
Mitek Systems's trades at 2.2x LTM EV/Revenue multiple, and 8.2x LTM EBITDA.
Analysts estimate Mitek Systems's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Mitek Systems and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $382M | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 12.5x | XXX | XXX | XXX |
| P/E | 28.0x | XXX | XXX | XXX |
| P/E/Growth | 0.3x | XXX | XXX | XXX |
| EV/FCF | 12.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpMitek Systems's NTM/LTM revenue growth is 6%
Mitek Systems's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Mitek Systems's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Mitek Systems's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Mitek Systems and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 0% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -34% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 24% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 24% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 31% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 20% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 84% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| archTIS | XXX | XXX | XXX | XXX | XXX | XXX |
| FirstWave | XXX | XXX | XXX | XXX | XXX | XXX |
| Prophecy International | XXX | XXX | XXX | XXX | XXX | XXX |
| Qoria | XXX | XXX | XXX | XXX | XXX | XXX |
| Quick Heal | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Mitek Systems acquired XXX companies to date.
Last acquisition by Mitek Systems was XXXXXXXX, XXXXX XXXXX XXXXXX . Mitek Systems acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Mitek Systems founded? | Mitek Systems was founded in 1986. |
| Where is Mitek Systems headquartered? | Mitek Systems is headquartered in United States of America. |
| How many employees does Mitek Systems have? | As of today, Mitek Systems has 630 employees. |
| Who is the CEO of Mitek Systems? | Mitek Systems's CEO is Mr. Edward H. West. |
| Is Mitek Systems publicy listed? | Yes, Mitek Systems is a public company listed on NAS. |
| What is the stock symbol of Mitek Systems? | Mitek Systems trades under MITK ticker. |
| When did Mitek Systems go public? | Mitek Systems went public in 1995. |
| Who are competitors of Mitek Systems? | Similar companies to Mitek Systems include e.g. archTIS, FirstWave, Prophecy International, Qoria. |
| What is the current market cap of Mitek Systems? | Mitek Systems's current market cap is $355M |
| What is the current revenue of Mitek Systems? | Mitek Systems's last 12-month revenue is $174M. |
| What is the current EBITDA of Mitek Systems? | Mitek Systems's last 12-month EBITDA is $46.7M. |
| What is the current EV/Revenue multiple of Mitek Systems? | Current revenue multiple of Mitek Systems is 2.2x. |
| What is the current EV/EBITDA multiple of Mitek Systems? | Current EBITDA multiple of Mitek Systems is 8.2x. |
| What is the current revenue growth of Mitek Systems? | Mitek Systems revenue growth between 2023 and 2024 was 0%. |
| Is Mitek Systems profitable? | Yes, Mitek Systems is EBITDA-positive (as of the last 12 months). |
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