Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.7M | $45.4M | $63.6M | $84.6M | $101M | $120M | $145M | $173M | $172M | $180M |
| Revenue growth | — | 30.8% | 40.0% | 33.1% | 19.8% | 18.2% | 20.9% | 19.2% | -0.3% | 4.4% |
| Operating income | $1.82M | $2.77M | -$7.81M | -$4.59M | $8.87M | $13.3M | $12.2M | $15.6M | $2.23M | $16.8M |
| Operating margin | 5.3% | 6.1% | -12.3% | -5.4% | 8.8% | 11.1% | 8.4% | 9.0% | 1.3% | 9.3% |
| Net income | $1.96M | $14.1M | -$11.8M | -$724K | $7.81M | $7.98M | $3.69M | $8.03M | $3.28M | $8.80M |
| Net margin | 5.6% | 31.0% | -18.6% | -0.9% | 7.7% | 6.7% | 2.6% | 4.7% | 1.9% | 4.9% |
| EPS (diluted) | $0.06 | $0.40 | -$0.33 | -$0.02 | $0.18 | $0.18 | $0.08 | $0.17 | $0.07 | $0.19 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $7.85M | $10.4M | $5.63M | $14.3M | $24.1M | $37.3M | $21.1M | $31.6M | $31.7M | $55.3M |
| Capital expenditures | $250K | $488K | $4.31M | $1.06M | $803K | $1.39M | $1.13M | $1.03M | $1.44M | $1.16M |
| Free cash flow | $7.60M | $9.96M | $1.32M | $13.2M | $23.3M | $36.0M | $20.0M | $30.6M | $30.3M | $54.2M |
| Share buybacks | — | — | $0.00 | $0.00 | $1.00M | $190K | $15.2M | $0.00 | $24.2M | $4.74M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $9.01M | $12.3M | $9.03M | $16.7M | $20.0M | $30.3M | $32.1M | $58.9M | $93.5M | $154M |
| Total assets | $48.4M | $71.7M | $127M | $136M | $169M | $420M | $364M | $405M | $414M | $459M |
| Total liabilities | $8.90M | $10.3M | $31.8M | $28.6M | $36.9M | $227M | $194M | $200M | $199M | $219M |
| Long-term debt | — | — | — | — | — | — | — | — | $2.70M | $4.33M |
| Shareholders' equity | $39.5M | $61.4M | $95.4M | $107M | $132M | $193M | $171M | $205M | $215M | $240M |
| Retained earnings | -$31.5M | -$17.4M | -$21.0M | -$20.8M | -$14.0M | -$6.07M | -$17.3M | -$9.31M | -$30.3M | -$26.2M |
| Shares (wtd avg diluted) | 33.8M | 35.5M | 35.8M | 39.3M | 42.5M | 45.1M | 45.8M | 46.5M | 47.5M | 46.9M |
Every figure is extracted from MITEK SYSTEMS INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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