Mitek Systems Inc
miteksystems.comWhat Do They Do?
Sells digital identity verification and fraud-prevention software, plus mobile check deposit tools, to financial institutions, fintech companies and digital marketplaces.
10-K for FY2025, filed Dec 11, 2025Mitek Systems, Inc. (“Mitek” or the “Company”) is a global provider of digital identity verification and fraud prevention solutions. The…View ↗
The Company’s Mobile Check Deposit product enables approximately 1.2 billion transactions annually and is widely used by financial…View ↗
As of the date of this filing, Mitek serves more than 7,000 organizations globally, including financial institutions, financial technology…View ↗
How Do They Make Money?
SaaS and maintenance are typically invoiced in advance, while pay-as-you-go SaaS charges track actual usage. On-premise software licenses are invoiced when available for use, and consulting and professional services at sale.
10-K for FY2025, filed Dec 11, 2025
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10-K for FY2025, filed Dec 11, 2025
FY2025 revenue by product or service ↗
$179.7M
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10-K for FY2025, filed Dec 11, 2025
$179.7M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Software license and hardware
Sold outright
10-K for FY2025, filed Dec 11, 2025 |
41%
FY2022: 50%
|
Software license and hardware, FY2025
$74.1M Sources
|
Sold outright |
|
SaaS, maintenance, and other
Mix
10-K for FY2025, filed Dec 11, 2025 |
59%
FY2022: 50%
|
SaaS, maintenance, and other, FY2025
$105.6M Sources
|
Mix |
Who Are Their Customers?
Financial institutions, fintech companies and digital marketplaces use Mitek’s identity, fraud and check-deposit tools. Mitek sells directly and through channel partners, which integrate its products into their platforms.
10-K for FY2025, filed Dec 11, 2025
10-K for FY2025, filed Dec 11, 2025
For the twelve months ended September 30, 2025, the Company derived revenue of $26.9 million from one customer, with such customer…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 5 cents of every revenue dollar as net income in FY2025 and turned 30 cents into free cash flow.
10-K for FY2025, filed Dec 11, 2025
$16.8MView ↗
10-K for FY2025, filed Dec 11, 2025
$8.8MView ↗
10-K for FY2025, filed Dec 11, 2025
$54.2MView ↗
How Are They Changing?
10-Q for Q3 FY2026, filed Aug 6, 2026
Open tableView ↗
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Aug 6, 2026
Mark Rossi elected chairman, succeeding Scott Carter
Rossi takes over October 1, 2026; Carter will remain a director.
Sources
8-K, filed Aug 6, 2026
On August 5, 2026, Mark Rossi was elected to serve as non-executive Chairman of the Board, effective October 1, 2026. Mr. Rossi will…View ↗
Growing. Revenue grew 50% in 4 years, from $119.8M in FY2021 to $179.7M in FY2025, about 11% a year.
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