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Mitek Systems Valuation Multiples
Discover revenue and EBITDA valuation multiples for Mitek Systems and similar public comparables like Red Violet, Guangdong Tecsun Science, Riskified, GB Group and more.
Mitek Systems Overview
About Mitek Systems
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.
Founded
1986
HQ
Employees
595
Website
Financials (LTM)
EV
$635M
Mitek Systems Financials
Mitek Systems reported last 12-month revenue of $186M and EBITDA of $56M.
In the same LTM period, Mitek Systems generated $157M in gross profit, $56M in EBITDA, and $49M in net income.
Revenue (LTM)
Mitek Systems P&L
In the most recent fiscal year, Mitek Systems reported revenue of $180M and EBITDA of $54M.
Mitek Systems expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $186M | XXX | $180M | XXX | XXX | XXX |
| Gross Profit | $157M | XXX | $153M | XXX | XXX | XXX |
| Gross Margin | 84% | XXX | 85% | XXX | XXX | XXX |
| EBITDA | $56M | XXX | $54M | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 30% | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $49M | XXX | $45M | XXX | XXX | XXX |
| Net Margin | 26% | XXX | 25% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Mitek Systems Stock Performance
Mitek Systems has current market cap of $668M, and enterprise value of $635M.
Market Cap Evolution
Mitek Systems' stock price is $14.73.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $635M | $668M | 0.0% | XXX | XXX | XXX | $0.99 |
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Start Free TrialMitek Systems Valuation Multiples
Mitek Systems trades at 3.4x EV/Revenue multiple, and 11.3x EV/EBITDA.
EV / Revenue (LTM)
Mitek Systems Financial Valuation Multiples
As of March 17, 2026, Mitek Systems has market cap of $668M and EV of $635M.
Equity research analysts estimate Mitek Systems' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Mitek Systems has a P/E ratio of 13.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $668M | XXX | $668M | XXX | XXX | XXX |
| EV (current) | $635M | XXX | $635M | XXX | XXX | XXX |
| EV/Revenue | 3.4x | XXX | 3.5x | XXX | XXX | XXX |
| EV/EBITDA | 11.3x | XXX | 11.8x | XXX | XXX | XXX |
| EV/EBIT | 31.5x | XXX | 36.0x | XXX | XXX | XXX |
| EV/Gross Profit | 4.0x | XXX | 4.2x | XXX | XXX | XXX |
| P/E | 13.7x | XXX | 14.9x | XXX | XXX | XXX |
| EV/FCF | 12.5x | XXX | 11.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Mitek Systems Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Mitek Systems Margins & Growth Rates
Mitek Systems' revenue in the last 12 month grew by 8%.
Mitek Systems' revenue per employee in the last FY averaged $0.3M.
Mitek Systems' rule of 40 is 38% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Mitek Systems' rule of X is 50% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Mitek Systems Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 30% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 9% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 38% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 50% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 22% | XXX | 23% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 23% | XXX | 25% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 19% | XXX | 20% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 75% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Mitek Systems Public Comps
See public comps and valuation multiples for other Cybersecurity and Governance, Risk & Compliance Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Red Violet | XXX | XXX | XXX | XXX | XXX | XXX |
| Guangdong Tecsun Science | XXX | XXX | XXX | XXX | XXX | XXX |
| Riskified | XXX | XXX | XXX | XXX | XXX | XXX |
| GB Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Hunan Kylinsec Tech | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Mitek Systems M&A Activity
Mitek Systems acquired XXX companies to date.
Last acquisition by Mitek Systems was on XXXXXXXX, XXXXX. Mitek Systems acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Mitek Systems
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMitek Systems Investment Activity
Mitek Systems invested in XXX companies to date.
Mitek Systems made its latest investment on XXXXXXXX, XXXXX. Mitek Systems invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Mitek Systems
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Mitek Systems
| When was Mitek Systems founded? | Mitek Systems was founded in 1986. |
| Where is Mitek Systems headquartered? | Mitek Systems is headquartered in United States. |
| How many employees does Mitek Systems have? | As of today, Mitek Systems has over 595 employees. |
| Who is the CEO of Mitek Systems? | Mitek Systems' CEO is Edward H. West. |
| Is Mitek Systems publicly listed? | Yes, Mitek Systems is a public company listed on Nasdaq. |
| 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 1987. |
| Who are competitors of Mitek Systems? | Mitek Systems main competitors are Red Violet, Guangdong Tecsun Science, Riskified, GB Group. |
| What is the current market cap of Mitek Systems? | Mitek Systems' current market cap is $668M. |
| What is the current revenue of Mitek Systems? | Mitek Systems' last 12 months revenue is $186M. |
| What is the current revenue growth of Mitek Systems? | Mitek Systems revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Mitek Systems? | Current revenue multiple of Mitek Systems is 3.4x. |
| Is Mitek Systems profitable? | Yes, Mitek Systems is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Mitek Systems? | Mitek Systems' last 12 months EBITDA is $56M. |
| What is Mitek Systems' EBITDA margin? | Mitek Systems' last 12 months EBITDA margin is 30%. |
| What is the current EV/EBITDA multiple of Mitek Systems? | Current EBITDA multiple of Mitek Systems is 11.3x. |
| What is the current FCF of Mitek Systems? | Mitek Systems' last 12 months FCF is $51M. |
| What is Mitek Systems' FCF margin? | Mitek Systems' last 12 months FCF margin is 27%. |
| What is the current EV/FCF multiple of Mitek Systems? | Current FCF multiple of Mitek Systems is 12.5x. |
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