Mitek Systems, Inc. (MITK) Balance Sheet
MITK balance sheet, FY2025
September 30, 2025 · U.S. dollars$459.1M assets = $218.9M liabilities + $240.3M equity
Both columns are drawn to the same scale: what MITK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MITK financial health
Descriptive bands, not a rating. Fiscal FY2025.
MITK balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $48.4MFY2016 | $459.1MFY2025 | +28.4%/yr | |
| Total liabilities | $8.9MFY2016 | $218.9MFY2025 | +42.7%/yr | |
| Shareholders’ equity | $39.5MFY2016 | $240.3MFY2025 | +22.2%/yr | |
| Cash & short-term investments | $33.9MFY2016 | $193.0MFY2025 | +21.3%/yr | |
| Total debt | $3.3MFY2016 | $155.2MFY2025 | +53.6%/yr | |
| Net cash (debt) | $30.6MFY2016 | $37.8MFY2025 | +$7.2M | |
| Working capital | $32.0MFY2016 | $39.5MFY2025 | +$7.5M | |
| Book value per share | $1.17FY2016 | $5.12FY2025 | +17.9%/yr | |
| Current ratio | 4.84FY2016 | 1.19FY2025 | −3.65 | |
| Debt / equity | 0.08FY2016 | 0.65FY2025 | +0.56 | |
| Shares outstanding | 33.8MFY2016 | 46.9MFY2025 | +3.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MITK assets
MITK liabilities and equity
MITK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MITK balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $193.0M | $130.3M | $133.6M | $90.3M | $179.4M | $60.0M | $33.2M | $17.5M | $42.6M | $33.9M |
| Cash & equivalents | $154.2M | $93.5M | $58.9M | $32.1M | $30.3M | $20.0M | $16.7M | $9.0M | $12.3M | $9.0M |
| Short-term investments | $38.9M | $36.9M | $74.7M | $58.3M | $149.1M | $40.0M | $16.5M | $8.4M | $30.3M | $24.9M |
| Receivables | $49.5M | $47.5M | $50.5M | $34.1M | $20.7M | $20.8M | $17.3M | $16.8M | $7.1M | $4.9M |
| Inventory | $0 | $0 | $2.0M | $2.0M | $1.9M | $1.3M | $1.5M | $1 | $1 | $0 |
| Other current assets | $6.0M | $7.2M | $3.9M | $2.6M | $2.1M | $2.0M | $2.1M | $3.3M | $1.2M | $1.5M |
| Total current assets | $248.5M | $185.1M | $190.0M | $129.1M | $204.1M | $84.1M | $54.1M | $37.6M | $50.9M | $40.3M |
| Property, plant & equipment (net) | $4.9M | $7.2M | $7.0M | $8.6M | $10.7M | $9.0M | $4.2M | $4.7M | $613,000 | $440,000 |
| Goodwill & intangible assets | $173.3M | $185.7M | $188.2M | $195.9M | $91.8M | $55.0M | $57.0M | $67.4M | $5.3M | $5.6M |
| Long-term investments | $3.5M | $11.4M | $1.3M | $10.6M | $48.1M | $2.0M | $1.6M | $0 | $3.8M | $2.0M |
| Other non-current assets | $29.0M | $24.4M | $18.9M | $16.1M | $65.0M | $19.1M | $18.9M | $17.5M | $11.1M | $40,000 |
| Total assets | $459.1M | $413.8M | $405.4M | $360.4M | $419.7M | $169.2M | $135.9M | $127.2M | $71.7M | $48.4M |
| Liabilities | ||||||||||
| Accounts payable | $3.9M | $7.2M | $7.6M | $5.0M | $2.5M | $3.9M | $3.6M | $3.6M | $1.9M | $1.3M |
| Short-term debt | $153.1M | $805,000 | $1.9M | $2.1M | $1.9M | $1.8M | $200,000 | $8.0M | $3.7M | $3.3M |
| Deferred revenue | $29.1M | $21.2M | $17.4M | $13.4M | $10.4M | $8.0M | $5.6M | $4.8M | $3.3M | $3.4M |
| Total current liabilities | $209.0M | $42.1M | $51.5M | $40.5M | $39.2M | $24.4M | $20.0M | $20.4M | $9.5M | $8.3M |
| Long-term debt | $0 | $143.6M | $135.5M | $128.0M | $120.9M | $0 | $400,000 | $500,000 | $0 | $0 |
| Lease obligations | $3.0M | $5.0M | $4.8M | $6.2M | $8.5M | $7.1M | — | — | — | — |
| Other long-term liabilities | $9.8M | $13.2M | $13.2M | $21.6M | $66.7M | $12.6M | $8.1M | $10.8M | $777,000 | $573,000 |
| Total liabilities | $218.9M | $199.0M | $200.2M | $190.1M | $226.9M | $36.9M | $28.6M | $31.8M | $10.3M | $8.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $46,000 | $45,000 | $46,000 | $44,000 | $44,000 | $42,000 | $40,000 | $38,000 | $34,000 | $33,000 |
| Retained earnings (deficit) | −$26.2M | −$30.3M | −$9.3M | −$18.0M | −$6.1M | −$14.0M | −$20.8M | −$21.0M | −$17.4M | −$31.5M |
| Treasury stock | — | — | — | — | −$140,000 | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $586,000 | −$2.3M | −$14.2M | −$28.2M | −$943,000 | −$323,000 | −$4.1M | −$586,000 | $147,000 | −$42,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $240.3M | $214.8M | $205.2M | $170.3M | $192.8M | $132.2M | $107.3M | $95.4M | $61.4M | $39.5M |
| Key figures | ||||||||||
| Total debt | $155.2M | $148.6M | $140.3M | $134.2M | $129.4M | $7.1M | $600,000 | $800,000 | $3.7M | $3.3M |
| Net cash (debt) | $37.8M | −$18.3M | −$6.7M | −$43.9M | $49.9M | $52.9M | $32.6M | $16.7M | $38.9M | $30.6M |
| Working capital | $39.5M | $142.9M | $138.5M | $88.6M | $164.8M | $59.8M | $34.1M | $17.2M | $41.3M | $32.0M |
| Tangible book value | $67.0M | $29.1M | $17.0M | −$25.6M | $101.0M | $77.3M | $50.3M | $28.0M | $56.1M | $33.8M |
| Book value per share | $5.12 | $4.53 | $4.42 | $3.81 | $4.28 | $3.11 | $2.73 | $2.66 | $1.73 | $1.17 |
| Shares outstanding | 46.9M | 47.5M | 46.5M | 44.7M | 45.1M | 42.5M | 39.3M | 35.8M | 35.5M | 33.8M |
| Current ratio | 1.19 | 4.39 | 3.69 | 3.19 | 5.20 | 3.45 | 2.70 | 1.84 | 5.34 | 4.84 |
| Quick ratio | 1.16 | 4.22 | 3.57 | 3.07 | 5.10 | 3.32 | 2.52 | 1.68 | 5.21 | 4.66 |
| Debt / equity | 0.65 | 0.69 | 0.68 | 0.79 | 0.67 | 0.05 | 0.01 | 0.01 | 0.06 | 0.08 |
| Equity / assets | 52.3% | 51.9% | 50.6% | 47.3% | 45.9% | 78.2% | 79.0% | 75.0% | 85.6% | 81.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $99.7M | $77.6M | $190.1M | $193.0M | $167.1M | $136.2M | $121.2M | $130.3M | $123.1M | $123.9M | $133.6M | $128.1M |
| Cash & equivalents | $90.0M | $69.2M | $175.1M | $154.2M | $127.1M | $104.7M | $90.6M | $93.5M | $84.4M | $80.9M | $58.9M | $87.5M |
| Short-term investments | $9.7M | $8.4M | $15.0M | $38.9M | $39.9M | $31.5M | $30.6M | $36.9M | $38.7M | $43.0M | $74.7M | $40.7M |
| Receivables | $61.1M | $71.9M | $43.6M | $49.5M | $52.4M | $61.7M | $47.9M | $47.5M | $58.4M | $67.2M | $50.5M | $45.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | −$1.2M | $0 | $0 | $0 | $3.5M | $2.2M |
| Other current assets | $7.1M | $7.0M | $5.4M | $6.0M | $6.4M | $6.0M | $8.8M | $7.2M | $14.2M | $10.5M | $2.4M | $2.8M |
| Total current assets | $167.9M | $156.5M | $239.1M | $248.5M | $225.9M | $203.9M | $176.8M | $185.1M | $195.7M | $201.6M | $190.0M | $178.2M |
| Property, plant & equipment (net) | $7.8M | $6.7M | $5.8M | $4.9M | $4.6M | $4.8M | $5.1M | $7.2M | $5.4M | $6.0M | $7.0M | $7.3M |
| Goodwill & intangible assets | $160.8M | $164.1M | $169.9M | $173.3M | $178.5M | $173.2M | $172.5M | $185.7M | $181.4M | $185.2M | $188.2M | $201.9M |
| Long-term investments | $450,000 | $0 | $1.7M | $3.5M | $8.3M | $16.2M | $16.7M | $11.4M | $10.2M | $6.3M | $0 | $1.3M |
| Other non-current assets | $31.2M | $29.7M | $30.0M | $29.0M | $29.5M | $27.2M | $24.9M | $24.4M | $16.5M | $17.8M | $20.2M | $28.6M |
| Total assets | $368.1M | $356.9M | $446.5M | $459.1M | $446.7M | $425.3M | $396.0M | $413.8M | $409.2M | $417.0M | $405.4M | $417.5M |
| Liabilities | ||||||||||||
| Accounts payable | $4.0M | $4.0M | $5.1M | $3.9M | $3.6M | $3.5M | $5.0M | $7.2M | $6.3M | $9.1M | $7.6M | $7.7M |
| Short-term debt | $3.7M | $3.4M | $155.4M | $153.1M | $150.7M | $148.5M | $639,000 | $805,000 | $747,000 | $1.2M | $1.9M | $2.1M |
| Deferred revenue | $34.5M | $36.1M | $25.2M | $29.1M | $25.9M | $29.3M | $21.7M | $21.2M | $23.7M | $25.7M | $17.4M | $12.8M |
| Total current liabilities | $61.2M | $59.9M | $203.1M | $209.0M | $198.8M | $195.6M | $38.5M | $42.1M | $43.9M | $47.3M | $51.5M | $53.7M |
| Long-term debt | $46.6M | $47.5M | $0 | $0 | $0 | $0 | $145.7M | $143.6M | $141.5M | $139.5M | $137.5M | $135.5M |
| Lease obligations | $2.3M | $2.5M | $2.8M | $3.0M | $2.7M | $2.9M | $3.0M | $5.0M | $3.2M | $3.8M | $4.4M | $4.8M |
| Other long-term liabilities | $9.8M | $10.0M | $9.7M | $9.8M | $10.3M | $9.6M | $10.8M | $13.2M | $14.2M | $14.1M | $11.2M | $20.6M |
| Total liabilities | $117.5M | $117.5M | $212.8M | $218.9M | $209.1M | $205.1M | $195.0M | $199.0M | $199.6M | $200.9M | $200.2M | $209.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $45,000 | $45,000 | $45,000 | $46,000 | $46,000 | $46,000 | $45,000 | $45,000 | $46,000 | $47,000 | $46,000 | $45,000 |
| Retained earnings (deficit) | −$23.3M | −$31.7M | −$33.4M | −$26.2M | −$26.6M | −$29.0M | −$38.1M | −$30.3M | −$24.6M | −$14.8M | −$9.3M | −$8.5M |
| Accumulated other comprehensive income | −$2.7M | −$2.5M | $474,000 | $586,000 | $2.3M | −$8.0M | −$12.9M | −$2.3M | −$9.9M | −$9.6M | −$14.2M | −$9.5M |
| Total shareholders' equity | $250.5M | $239.5M | $233.7M | $240.3M | $237.6M | $220.2M | $200.9M | $214.8M | $209.6M | $216.1M | $205.2M | $207.6M |
| Key figures | ||||||||||||
| Total debt | $51.7M | $52.5M | $157.2M | $155.2M | $152.7M | $150.7M | $148.7M | $148.6M | $144.7M | $143.2M | $140.3M | $138.7M |
| Net cash (debt) | $48.0M | $25.1M | $32.8M | $37.8M | $14.3M | −$14.5M | −$27.5M | −$18.3M | −$21.6M | −$19.3M | −$6.7M | −$10.5M |
| Working capital | $106.7M | $96.6M | $36.0M | $39.5M | $27.1M | $8.4M | $138.3M | $142.9M | $151.8M | $154.4M | $138.5M | $124.5M |
| Tangible book value | $89.7M | $75.4M | $63.8M | $67.0M | $59.1M | $47.0M | $28.4M | $29.1M | $28.2M | $30.9M | $17.0M | $5.7M |
| Book value per share | $5.14 | $4.93 | $4.95 | $5.08 | $5.07 | $4.72 | $4.45 | $4.61 | $4.34 | $4.50 | $4.46 | $4.51 |
| Shares outstanding | 48.7M | 48.5M | 47.2M | 47.3M | 46.8M | 46.6M | 45.2M | 46.6M | 48.3M | 48.0M | 46.0M | 46.0M |
| Current ratio | 2.74 | 2.61 | 1.18 | 1.19 | 1.14 | 1.04 | 4.59 | 4.39 | 4.46 | 4.27 | 3.69 | 3.32 |
| Quick ratio | 2.63 | 2.49 | 1.15 | 1.16 | 1.10 | 1.01 | 4.39 | 4.22 | 4.13 | 4.04 | 3.57 | 3.23 |
| Debt / equity | 0.21 | 0.22 | 0.67 | 0.65 | 0.64 | 0.68 | 0.74 | 0.69 | 0.69 | 0.66 | 0.68 | 0.67 |
| Equity / assets | 68.1% | 67.1% | 52.3% | 52.3% | 53.2% | 51.8% | 50.7% | 51.9% | 51.2% | 51.8% | 50.6% | 49.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 11, 2025); data from EODHD.
MITK financial position
At the end of fiscal 2025 (September 30, 2025), Mitek Systems had total assets of $459.1 million (up 11.0% from a year earlier), total liabilities of $218.9 million and shareholders' equity of $240.3 million. It held $193.0 million in cash and short-term investments against $155.2 million of debt, a net cash position of $37.8 million. Its current ratio was 1.19. In the latest quarter (ended June 30, 2026) total assets were $368.1 million and equity $250.5 million.
Related: MITK income statement, MITK cash flow statement, MITK key metrics. See the MITK stock overview for the latest quote and news.
MITK balance sheet FAQ
What are Mitek Systems's total assets?
Mitek Systems reported total assets of $459.1 million at the end of fiscal 2025 (September 30, 2025), compared with $413.8 million a year earlier.
How much debt does Mitek Systems have?
Mitek Systems had $155.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.65.
How much cash does Mitek Systems have?
Mitek Systems held $193.0 million in cash and short-term investments at the end of fiscal 2025; with $155.2 million of debt that is net cash of $37.8 million.
What is Mitek Systems's book value?
Mitek Systems's shareholders' equity (book value) was $240.3 million at the end of fiscal 2025, or $5.12 per share.
What is Mitek Systems's current ratio?
Mitek Systems had current assets of $248.5 million and current liabilities of $209.0 million, a current ratio of 1.19 (it can cover its short-term obligations).
How much goodwill does Mitek Systems have?
Mitek Systems carried $173.3 million of goodwill and intangible assets, 37.7% of total assets, at the end of fiscal 2025.