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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 $47.9M
$442M
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 (LTM) of $174M and a last 12-month EBITDA of $47.9M.
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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $174M | XXX | $172M | XXX | XXX | XXX |
| Gross Profit | $150M | XXX | $148M | XXX | XXX | XXX |
| Gross Margin | 86% | XXX | 86% | XXX | XXX | XXX |
| EBITDA | $47.9M | XXX | $25.3M | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 15% | XXX | XXX | XXX |
| EBIT | $7.8M | XXX | $4.0M | XXX | XXX | XXX |
| EBIT Margin | 4% | XXX | 2% | XXX | XXX | XXX |
| Net Profit | $42.0M | XXX | $3.3M | XXX | XXX | XXX |
| Net Margin | 24% | XXX | 2% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $50.1M | XXX | XXX | XXX |
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As of May 30, 2025, Mitek Systems's stock price is $9.
Mitek Systems has current market cap of $428M, and EV of $442M.
See Mitek Systems trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $442M | $428M | XXX | XXX | XXX | XXX | $0.90 |
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Start Free TrialAs of May 30, 2025, Mitek Systems has market cap of $428M and EV of $442M.
Mitek Systems's trades at 2.6x EV/Revenue multiple, and 14.2x EV/EBITDA.
Equity research analysts estimate Mitek Systems's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Mitek Systems has a P/E ratio of 10.2x.
See valuation multiples for Mitek Systems and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $428M | XXX | $428M | XXX | XXX | XXX |
| EV (current) | $442M | XXX | $442M | XXX | XXX | XXX |
| EV/Revenue | 2.5x | XXX | 2.6x | XXX | XXX | XXX |
| EV/EBITDA | 9.2x | XXX | 14.2x | XXX | XXX | XXX |
| EV/EBIT | 56.8x | XXX | 78.4x | XXX | XXX | XXX |
| EV/Gross Profit | 3.0x | XXX | n/a | XXX | XXX | XXX |
| P/E | 10.2x | XXX | 34.1x | XXX | XXX | XXX |
| EV/FCF | 14.6x | XXX | 14.6x | 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.
Start Free TrialMitek Systems's last 12 month revenue growth is 6%
Mitek Systems's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Mitek Systems's rule of 40 is 27% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Mitek Systems's rule of X is 43% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Mitek Systems and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 19% | XXX | XXX | XXX |
| Rule of 40 | 27% | XXX | 24% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 43% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 24% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 20% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 84% | 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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Start Free Trial| 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 $428M |
| What is the current revenue of Mitek Systems? | Mitek Systems's last 12 months revenue is $174M. |
| What is the current revenue growth of Mitek Systems? | Mitek Systems revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Mitek Systems? | Current revenue multiple of Mitek Systems is 2.5x. |
| 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's last 12 months EBITDA is $47.9M. |
| What is Mitek Systems's EBITDA margin? | Mitek Systems's last 12 months EBITDA margin is 27%. |
| What is the current EV/EBITDA multiple of Mitek Systems? | Current EBITDA multiple of Mitek Systems is 9.2x. |
| What is the current FCF of Mitek Systems? | Mitek Systems's last 12 months FCF is $30.3M. |
| What is Mitek Systems's FCF margin? | Mitek Systems's last 12 months FCF margin is 17%. |
| What is the current EV/FCF multiple of Mitek Systems? | Current FCF multiple of Mitek Systems is 14.6x. |
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