MITKNasdaqComputer Peripheral Equipment, NECUS GAAP · USD

Mitek Systems, Inc

Mitek Systems is a U.S.-based software company that provides digital identity verification, fraud prevention, and mobile check deposit solutions. Its platform uses AI, computer vision, biometrics, and deepfake detection to help organizations authenticate users, reduce fraud, and support compliant digital onboarding and account access.

Kysy yhtiöstä
Liikevaihto180milj. USD
+4,4 %v/v
Liikevoitto (EBIT)16,8milj. USD
+652,6 %v/v
EBIT-marginaali9,3%
+8,0 %-yks.v/v
Nettotulos8,8milj. USD
+168,3 %v/v
Vapaa kassavirta54,2milj. USD
+79,1 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

050100150200milj. USD2020: 101 milj. USD2020: EBIT 6,1 milj. USD20202021: 120 milj. USD2021: EBIT 13 milj. USD20212022: 145 milj. USD2022: EBIT 12 milj. USD20222023: 173 milj. USD2023: EBIT 16 milj. USD20232024: 172 milj. USD2024: EBIT 2,2 milj. USD20242025: 180 milj. USD2025: EBIT 17 milj. USD202518017
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Mitek Systems, Inc

Liiketoiminta

Osuus liikevaihdosta
Identity verification software45 %

Tools that verify users during onboarding, account access, and digital transactions using biometrics and AI.

Fraud prevention solutions20 %

Products that detect manipulation, impersonation, deepfakes, and other forms of digital fraud.

Mobile check deposit20 %

Remote deposit capture software and related services used by financial institutions and consumers.

SaaS, maintenance, and support15 %

Recurring service revenue from hosted products, maintenance, and ongoing support contracts.

Tuotteet

Raportoitu · osuus liikevaihdosta
42,8%42,6%8,6%FY2025100 %
  • Saa S42,8 %
  • Identity Verification Revenue42,6 %
  • Fraud and Identity Solutions Software License and Support8,6 %
  • Check Verification Saa S2,6 %
  • Professional Services and Other1,7 %
  • Muut1,7 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Mitek sells primarily to financial institutions, fintech companies, telecommunications providers, and digital marketplace brands that need secure digital onboarding and transaction authentication. Customers buy its tools to reduce fraud losses, meet KYC/AML requirements, and improve user experience in mobile and web applications.

Financial institutions

Banks and credit unions buy Mobile Check Deposit and identity verification tools to secure account opening, access, and payments.

Fintech companies

Digital financial platforms use Mitek to automate KYC, AML-related checks, and fraud screening in high-volume onboarding flows.

Telecommunications providers

Telecom customers use identity verification to authenticate subscribers and reduce account takeover and impersonation risk.

Digital marketplaces

Marketplace brands buy verification tools to validate users and protect transactions from synthetic identity and fraud.

Channel partners and integrators

Resellers and platform partners license Mitek products and distribute them to end customers through embedded workflows.

Strategia

Mitek is shifting its mix toward recurring SaaS, maintenance, and other services while continuing to support its installed base of software and mobile deposit products. It is also investing in AI, biometrics, and deepfake detection to stay ahead of evolving fraud threats and preserve relevance in regulated digital workflows.

Increase recurring revenue mixKeskipitkä aikaväli

Recurring SaaS and services improve revenue visibility and reduce dependence on lumpy license renewals.

Advance fraud and identity innovationLyhyt aikaväli

AI-driven fraud, deepfakes, and synthetic identities require continuous product upgrades to remain effective.

Defend and extend distributionKeskipitkä aikaväli

Channel partners and direct sales are key to scaling adoption across regulated industries and geographies.

Maantiede

Q2/2026

Mitek operates globally, with business concentrated in North America and also active in the United Kingdom and Europe. The company sells through direct channels and partners, so its geographic exposure is driven more by customer adoption and regulatory demand than by manufacturing footprint.

USA89 %
UK11 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Mitek is exposed to rapid changes in fraud methods, AI-enabled attacks, and customer demand for alternative verification technologies. Its revenue concentration in a few product families, dependence on channel partners, and long implementation cycles can create volatility, while cybersecurity, privacy, and IP risks could directly damage trust in its platform.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Product concentration1Cybersecurity and supply-chain attacks2Decline in check usage3Privacy, AI, and regulatory change4Channel partner dependence and long sales cycles5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Product concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Substantially all revenue comes from a few technology families, so weaker adoption or pricing pressure can materially affect results.

    Kohdistuu: Mobile Deposit and identity verification products

  2. Cybersecurity and supply-chain attacksVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A breach could expose customer or proprietary data, cause outages, and damage customer confidence.

    KohdistuuPlatformCustomer dataThird-party dependencies
  3. Decline in check usageVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Mobile Check Deposit depends on the continued relevance of checks and mobile banking behavior.

    Kohdistuu: Mobile Deposit franchise

  4. Privacy, AI, and regulatory changeVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    New rules can restrict data collection and processing or require product redesigns.

    Kohdistuu: Identity verification and biometric processing

  5. Channel partner dependence and long sales cyclesVaikutus: KeskitasoTodennäköisyys: Matala

    Delayed implementations or partner churn can push out revenue recognition and reduce near-term growth.

    Kohdistuu: Reseller and integrator-led sales

Kysy Clarifolta: Mitek Systems, Inc

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Different timing for licenses, SaaS, maintenance, and consulting affects reported growth and quarterly comparability.

Vaikutus: Upfront license revenue versus ratable SaaS revenue

Goodwill and intangible impairment

The company carries significant goodwill and intangible assets that must be tested for impairment.

Vaikutus: Potential non-cash charges if market conditions or product performance weaken

Stock-based compensation

Equity awards affect operating expenses and can materially influence GAAP profitability.

Vaikutus: Reported margins and net income

Income taxes

Tax estimates and valuation allowances can move earnings, especially with changing profitability.

Vaikutus: Effective tax rate and net income

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Intellicheck, Inc.

IDN · Services-Prepackaged Software

Mitesco, Inc.

MITI · Services-Computer Programming, Data Processing, Etc.

T Stamp Inc

IDAI · Services-Prepackaged Software

Bio Key International Inc

BKYI · Services-Prepackaged Software

authID Inc.

AUID · Services-Prepackaged Software

Varonis Systems, Inc

VRNS · Services-Prepackaged Software

Päivitetty: 24.9.2026