MITK (MITK) financial statements
MITK reported revenue of $180M in fiscal 2025, up 20.0% a year over 9 years.
Net income was $9M and the operating margin 9.3%, against 5.3% in 2016.
Free cash flow was $54M, and the company returned $5M in net buybacks.
The diluted share count rose 39% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MITK's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $35M | $45M | $64M | $85M | $101M | $120M | $145M | $173M | $172M | $180M |
| Cost of revenue | $2M | $3M | — | — | — | — | — | — | — | — |
| Gross profit | $32M | $42M | — | — | — | — | — | — | — | — |
| Research and development | $8M | $10M | $18M | $22M | $23M | $28M | $30M | $29M | $35M | $35M |
| Selling, general and admin | $20M | $26M | $36M | $44M | $50M | $55M | $65M | $84M | $94M | $86M |
| Operating income | $2M | $3M | -$8M | -$5M | $9M | $13M | $12M | $16M | $2M | $17M |
| Interest expense | — | — | — | $0 | $0 | $5M | $8M | $9M | $9M | $10M |
| Pre-tax income | $2M | $3M | -$9M | -$4M | $9M | $9M | $4M | $10M | -$909,000 | $12M |
| Income tax | -$1,000 | -$11M | $3M | -$3M | $2M | $824,000 | -$92,000 | $2M | -$4M | $3M |
| Net income | $2M | $14M | -$12M | -$724,000 | $8M | $8M | $4M | $8M | $3M | $9M |
| EPS (diluted) | $0.06 | $0.40 | -$0.33 | -$0.02 | $0.18 | $0.18 | $0.08 | $0.17 | $0.07 | $0.19 |
| Diluted shares | 34M | 36M | 36M | 39M | 43M | 45M | 46M | 46M | 47M | 47M |
| Gross margin | 93.0% | 93.5% | — | — | — | — | — | — | — | — |
| Operating margin | 5.3% | 6.1% | -12.3% | -5.4% | 8.8% | 11.1% | 8.4% | 9.0% | 1.3% | 9.3% |
| Net margin | 5.6% | 31.0% | -18.6% | -0.9% | 7.7% | 6.7% | 2.6% | 4.7% | 1.9% | 4.9% |
Balance sheet
Fiscal years, from MITK's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $34M | $43M | $17M | $33M | $60M | $179M | $90M | $134M | $130M | $193M |
| Receivables | $5M | $7M | $17M | $15M | $16M | $17M | $36M | $32M | $32M | $37M |
| Total current assets | $40M | $51M | $38M | $54M | $84M | $204M | $138M | $190M | $185M | $248M |
| Property, plant and equipment | $440,000 | $613,000 | $5M | $4M | $4M | $4M | $3M | $3M | $3M | $2M |
| Goodwill | $3M | $3M | $34M | $33M | $36M | $63M | $116M | $124M | $132M | $133M |
| Total assets | $48M | $72M | $127M | $136M | $169M | $420M | $364M | $405M | $414M | $459M |
| Total current liabilities | $8M | $10M | $20M | $20M | $24M | $39M | $48M | $51M | $42M | $209M |
| Long-term debt | — | — | — | — | — | — | — | — | — | $0 |
| Total liabilities | $9M | $10M | $32M | $29M | $37M | $227M | $194M | $200M | $199M | $219M |
| Shareholders' equity | $39M | $61M | $95M | $107M | $132M | $193M | $171M | $205M | $215M | $240M |
| Net debt | -$9M | -$12M | -$9M | -$17M | -$20M | -$30M | -$32M | -$59M | -$93M | -$2M |
Cash flow
Fiscal years, from MITK's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $8M | $10M | $6M | $14M | $24M | $37M | $21M | $32M | $32M | $55M |
| Capital spending | $250,000 | $488,000 | $4M | $1M | $803,000 | $1M | $1M | $1M | $1M | $1M |
| Free cash flow | $8M | $10M | $1M | $13M | $23M | $36M | $20M | $31M | $30M | $54M |
| Stock-based compensation | $4M | $5M | $9M | $10M | $10M | $12M | $13M | $10M | $13M | $17M |
| Share buybacks (net) | — | — | $0 | $0 | -$1M | -$190,000 | -$15M | $0 | -$24M | -$5M |
| Net borrowing | $0 | $0 | -$270,000 | — | — | — | — | — | — | — |
| Free cash flow margin | 21.9% | 21.9% | 2.1% | 15.6% | 23.0% | 30.0% | 13.8% | 17.7% | 17.6% | 30.2% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for MITK.
Open MITK in InvestinglyQuestions
What was MITK's revenue in 2025?
$180M in fiscal 2025, from its 10-K filing.
How much free cash flow does MITK generate?
$54M in fiscal 2025 (operating cash flow minus capital spending).
From MITK's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.