Mitek Systems Inc
Mitek Systems, Inc. provides digital identity verification and fraud prevention solutions worldwide. The company offers Mobile Deposit, a mobile remote deposit capture solution for retail financial institutions, brokerages, and prepaid card providers; Check Fraud Defender, a cloud-hosted fraud mitigation service; Mitek Verified Identity Platform, an end-to-end identity verification solution; Mobi… Read more
Mitek Systems Inc (MITK) - Net Assets
Latest net assets as of December 2025: $233.66 Million USD
Based on the latest financial reports, Mitek Systems Inc (MITK) has net assets worth $233.66 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($446.45 Million) and total liabilities ($212.80 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $233.66 Million |
| % of Total Assets | 52.34% |
| Annual Growth Rate | 16.67% |
| 5-Year Change | 24.32% |
| 10-Year Change | 508.46% |
| Growth Volatility | 295.84 |
Mitek Systems Inc - Net Assets Trend (1988–2025)
This chart illustrates how Mitek Systems Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mitek Systems Inc (1988–2025)
The table below shows the annual net assets of Mitek Systems Inc from 1988 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $240.26 Million | +11.85% |
| 2024-09-30 | $214.80 Million | +4.68% |
| 2023-09-30 | $205.19 Million | +20.47% |
| 2022-09-30 | $170.32 Million | -11.87% |
| 2021-09-30 | $193.26 Million | +46.14% |
| 2020-09-30 | $132.24 Million | +23.21% |
| 2019-09-30 | $107.33 Million | +12.52% |
| 2018-09-30 | $95.39 Million | +55.34% |
| 2017-09-30 | $61.41 Million | +55.52% |
| 2016-09-30 | $39.49 Million | +29.75% |
| 2015-09-30 | $30.43 Million | +27.11% |
| 2014-09-30 | $23.94 Million | -6.94% |
| 2013-09-30 | $25.73 Million | +89.79% |
| 2012-09-30 | $13.56 Million | -24.92% |
| 2011-09-30 | $18.06 Million | +1702.90% |
| 2010-09-30 | $1.00 Million | +696.29% |
| 2009-09-30 | $125.77K | -90.56% |
| 2008-09-30 | $1.33 Million | -28.35% |
| 2007-09-30 | $1.86 Million | -7.83% |
| 2006-09-30 | $2.02 Million | +92.61% |
| 2005-09-30 | $1.05 Million | -59.31% |
| 2004-09-30 | $2.57 Million | 0.00% |
| 2003-09-30 | $2.57 Million | -48.83% |
| 2002-09-30 | $5.03 Million | +10.16% |
| 2001-09-30 | $4.56 Million | -6.66% |
| 2000-09-30 | $4.89 Million | -12.69% |
| 1999-09-30 | $5.60 Million | +30.23% |
| 1998-09-30 | $4.30 Million | -25.86% |
| 1997-09-30 | $5.80 Million | +114.81% |
| 1996-09-30 | $2.70 Million | +107.69% |
| 1995-09-30 | $1.30 Million | +62.50% |
| 1994-09-30 | $800.00K | -55.56% |
| 1993-09-30 | $1.80 Million | -33.33% |
| 1992-09-30 | $2.70 Million | 0.00% |
| 1991-09-30 | $2.70 Million | +50.00% |
| 1990-09-30 | $1.80 Million | +50.00% |
| 1989-09-30 | $1.20 Million | +50.00% |
| 1988-09-30 | $800.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mitek Systems Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2420900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $46.00K | 0.02% |
| Other Comprehensive Income | $586.00K | 0.24% |
| Other Components | $265.83 Million | 110.65% |
| Total Equity | $240.26 Million | 100.00% |
Mitek Systems Inc Competitors by Market Cap
The table below lists competitors of Mitek Systems Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sercomm Corp
TW:5388
|
$607.32 Million |
|
Hoist Finance AB
ST:HOFI
|
$607.39 Million |
|
EFORT Intelligent Equipment Co Ltd
SHG:688165
|
$607.50 Million |
|
Hexaware Technologies Limited
NSE:HEXT
|
$607.58 Million |
|
Unibail-Rodamco-Westfield SE
OTCGREY:UNIRF
|
$607.05 Million |
|
Air Astana Joint Stock Company
F:7YH
|
$607.05 Million |
|
Peab AB ser. B
LSE:0MHT
|
$607.03 Million |
|
Union Bank of Taiwan
TW:2838
|
$607.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mitek Systems Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 214,801,000 to 240,258,000, a change of 25,457,000 (11.9%).
- Net income of 8,796,000 contributed positively to equity growth.
- Share repurchases of 4,738,000 reduced equity.
- Other comprehensive income increased equity by 2,888,000.
- Other factors increased equity by 18,511,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.80 Million | +3.66% |
| Share Repurchases | $4.74 Million | -1.97% |
| Other Comprehensive Income | $2.89 Million | +1.2% |
| Other Changes | $18.51 Million | +7.7% |
| Total Change | $- | 11.85% |
Book Value vs Market Value Analysis
This analysis compares Mitek Systems Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.81x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 59.92x to 2.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1988-09-30 | $0.24 | $14.38 | x |
| 1989-09-30 | $0.12 | $14.38 | x |
| 1990-09-30 | $0.22 | $14.38 | x |
| 1991-09-30 | $0.32 | $14.38 | x |
| 1992-09-30 | $0.36 | $14.38 | x |
| 1993-09-30 | $0.26 | $14.38 | x |
| 1994-09-30 | $0.11 | $14.38 | x |
| 1995-09-30 | $0.13 | $14.38 | x |
| 1996-09-30 | $0.34 | $14.38 | x |
| 1997-09-30 | $0.56 | $14.38 | x |
| 1998-09-30 | $0.37 | $14.38 | x |
| 1999-09-30 | $0.52 | $14.38 | x |
| 2000-09-30 | $0.45 | $14.38 | x |
| 2001-09-30 | $0.40 | $14.38 | x |
| 2002-09-30 | $0.44 | $14.38 | x |
| 2003-09-30 | $0.23 | $14.38 | x |
| 2004-09-30 | $0.23 | $14.38 | x |
| 2005-09-30 | $0.08 | $14.38 | x |
| 2006-09-30 | $0.13 | $14.38 | x |
| 2007-09-30 | $0.11 | $14.38 | x |
| 2008-09-30 | $0.08 | $14.38 | x |
| 2009-09-30 | $0.01 | $14.38 | x |
| 2010-09-30 | $0.06 | $14.38 | x |
| 2011-09-30 | $0.84 | $14.38 | x |
| 2012-09-30 | $0.54 | $14.38 | x |
| 2013-09-30 | $0.94 | $14.38 | x |
| 2014-09-30 | $0.79 | $14.38 | x |
| 2015-09-30 | $0.97 | $14.38 | x |
| 2016-09-30 | $1.17 | $14.38 | x |
| 2017-09-30 | $1.73 | $14.38 | x |
| 2018-09-30 | $2.66 | $14.38 | x |
| 2019-09-30 | $2.73 | $14.38 | x |
| 2020-09-30 | $3.11 | $14.38 | x |
| 2021-09-30 | $4.29 | $14.38 | x |
| 2022-09-30 | $3.81 | $14.38 | x |
| 2023-09-30 | $4.42 | $14.38 | x |
| 2024-09-30 | $4.53 | $14.38 | x |
| 2025-09-30 | $5.12 | $14.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mitek Systems Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.90%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.91x
- Recent ROE (3.66%) is above the historical average (-48.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1988 | -87.50% | -6.67% | 1.46x | 9.00x | $-780.00K |
| 1989 | 33.33% | 2.21% | 2.23x | 6.75x | $280.00K |
| 1990 | 33.33% | 2.60% | 1.70x | 7.56x | $420.00K |
| 1991 | 33.33% | 3.33% | 2.21x | 4.52x | $630.00K |
| 1993 | -50.00% | -6.87% | 2.57x | 2.83x | $-1.08 Million |
| 1994 | -137.50% | -10.78% | 3.29x | 3.88x | $-1.18 Million |
| 1995 | -7.69% | -1.52% | 2.28x | 2.23x | $-230.00K |
| 1996 | 44.44% | 14.63% | 2.16x | 1.41x | $930.00K |
| 1997 | -44.83% | -54.17% | 0.67x | 1.24x | $-3.18 Million |
| 1998 | -34.88% | -23.08% | 1.07x | 1.42x | $-1.93 Million |
| 1999 | 35.71% | 20.62% | 1.31x | 1.32x | $1.44 Million |
| 2000 | -29.32% | -15.34% | 1.20x | 1.59x | $-1.92 Million |
| 2001 | -7.48% | -3.68% | 1.40x | 1.45x | $-797.81K |
| 2002 | 7.89% | 3.03% | 1.59x | 1.64x | $-105.95K |
| 2003 | -96.88% | -21.50% | 2.05x | 2.19x | $-2.75 Million |
| 2004 | -96.88% | -21.50% | 2.05x | 2.19x | $-2.75 Million |
| 2005 | -98.14% | -15.58% | 1.86x | 3.39x | $-1.13 Million |
| 2006 | -35.58% | -11.91% | 1.61x | 1.86x | $-918.96K |
| 2007 | -20.65% | -6.89% | 1.96x | 1.53x | $-569.64K |
| 2008 | -56.23% | -14.32% | 1.88x | 2.09x | $-881.93K |
| 2009 | -1051.14% | -36.53% | 2.26x | 12.73x | $-1.33 Million |
| 2010 | -68.14% | -13.33% | 1.70x | 3.00x | $-782.50K |
| 2011 | -0.69% | -1.22% | 0.52x | 1.10x | $-1.93 Million |
| 2012 | -57.83% | -86.22% | 0.54x | 1.23x | $-9.20 Million |
| 2013 | -28.28% | -49.15% | 0.45x | 1.28x | $-9.85 Million |
| 2014 | -22.10% | -27.63% | 0.62x | 1.30x | $-7.69 Million |
| 2015 | 8.30% | 9.96% | 0.66x | 1.27x | $-517.17K |
| 2016 | 4.96% | 5.65% | 0.72x | 1.23x | $-1.99 Million |
| 2017 | 22.95% | 31.05% | 0.63x | 1.17x | $7.95 Million |
| 2018 | -12.38% | -18.58% | 0.50x | 1.33x | $-21.35 Million |
| 2019 | -0.67% | -0.86% | 0.62x | 1.27x | $-11.46 Million |
| 2020 | 5.91% | 7.71% | 0.60x | 1.28x | $-5.41 Million |
| 2021 | 4.13% | 6.66% | 0.29x | 2.17x | $-11.35 Million |
| 2022 | 2.17% | 2.55% | 0.40x | 2.12x | $-13.34 Million |
| 2023 | 3.91% | 4.65% | 0.43x | 1.98x | $-12.49 Million |
| 2024 | 1.53% | 1.90% | 0.42x | 1.93x | $-18.20 Million |
| 2025 | 3.66% | 4.90% | 0.39x | 1.91x | $-15.23 Million |
Industry Comparison
This section compares Mitek Systems Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mitek Systems Inc (MITK) | $233.66 Million | -87.50% | 0.91x | $607.24 Million |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |