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) - Total Assets
Latest total assets as of December 2025: $446.45 Million USD
Based on the latest financial reports, Mitek Systems Inc (MITK) holds total assets worth $446.45 Million USD as of December 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Mitek Systems Inc - Total Assets Trend (1988–2025)
This chart illustrates how Mitek Systems Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Mitek Systems Inc - Asset Composition Analysis
Current Asset Composition (September 2025)
Mitek Systems Inc's total assets of $446.45 Million consist of 54.1% current assets and 45.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 33.6% |
| Accounts Receivable | $49.50 Million | 10.8% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $39.80 Million | 8.7% |
| Goodwill | $133.46 Million | 29.1% |
Asset Composition Trend (1988–2025)
This chart illustrates how Mitek Systems Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Mitek Systems Inc's current assets represent 54.1% of total assets in 2025, a decrease from 88.9% in 1988.
- Cash Position: Cash and equivalents constituted 33.6% of total assets in 2025, up from 0.0% in 1988.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 37.0% of total assets, an increase from 0.0% in 1988.
- Asset Diversification: The largest asset category is goodwill at 29.1% of total assets.
Mitek Systems Inc Competitors by Total Assets
Key competitors of Mitek Systems Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Alpha Modus Holdings, Inc
NASDAQ:AMOD
|
USA | $403.26K |
|
Opter AB
ST:OPTER
|
Sweden | Skr42.72 Million |
|
TurnKey Capital Inc
PINK:TKCI
|
USA | $870.80 Million |
|
Digital China Information Service Co Ltd
SHE:000555
|
China | CN¥13.60 Billion |
|
Fujian Newland Computer Co Ltd
SHE:000997
|
China | CN¥13.83 Billion |
|
YGSOFT Inc
SHE:002063
|
China | CN¥4.58 Billion |
|
Dhc Software Co Ltd
SHE:002065
|
China | CN¥25.81 Billion |
|
Zhejiang Netsun Co Ltd
SHE:002095
|
China | CN¥1.57 Billion |
Mitek Systems Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Mitek Systems Inc generates 0.39x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Mitek Systems Inc generates $ 1.92 in net profit.
Mitek Systems Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.18 | 4.59 | 8.43 |
| Quick Ratio | 1.18 | 4.62 | 8.35 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $35.99 Million | $ 138.29 Million | $ 182.62 Million |
Mitek Systems Inc - Advanced Valuation Insights
This section examines the relationship between Mitek Systems Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.23 |
| Latest Market Cap to Assets Ratio | 1.32 |
| Asset Growth Rate (YoY) | 11.0% |
| Total Assets | $459.11 Million |
| Market Capitalization | $607.24 Million USD |
Valuation Analysis
Above Book Valuation: The market values Mitek Systems Inc's assets above their book value (1.32 x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: Mitek Systems Inc's assets grew by 11.0% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Mitek Systems Inc (1988–2025)
The table below shows the annual total assets of Mitek Systems Inc from 1988 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-09-30 | $459.11 Million | +10.96% |
| 2024-09-30 | $413.75 Million | +2.07% |
| 2023-09-30 | $405.38 Million | +12.48% |
| 2022-09-30 | $360.41 Million | -14.04% |
| 2021-09-30 | $419.28 Million | +147.87% |
| 2020-09-30 | $169.15 Million | +24.47% |
| 2019-09-30 | $135.90 Million | +6.90% |
| 2018-09-30 | $127.13 Million | +77.26% |
| 2017-09-30 | $71.72 Million | +48.23% |
| 2016-09-30 | $48.38 Million | +25.04% |
| 2015-09-30 | $38.70 Million | +24.41% |
| 2014-09-30 | $31.10 Million | -5.33% |
| 2013-09-30 | $32.85 Million | +96.46% |
| 2012-09-30 | $16.72 Million | -15.76% |
| 2011-09-30 | $19.85 Million | +559.86% |
| 2010-09-30 | $3.01 Million | +87.90% |
| 2009-09-30 | $1.60 Million | -42.43% |
| 2008-09-30 | $2.78 Million | -2.24% |
| 2007-09-30 | $2.85 Million | -24.01% |
| 2006-09-30 | $3.74 Million | +5.34% |
| 2005-09-30 | $3.55 Million | -37.03% |
| 2004-09-30 | $5.64 Million | 0.00% |
| 2003-09-30 | $5.64 Million | -31.43% |
| 2002-09-30 | $8.23 Million | +24.42% |
| 2001-09-30 | $6.62 Million | -14.90% |
| 2000-09-30 | $7.77 Million | +5.05% |
| 1999-09-30 | $7.40 Million | +21.31% |
| 1998-09-30 | $6.10 Million | -15.28% |
| 1997-09-30 | $7.20 Million | +89.47% |
| 1996-09-30 | $3.80 Million | +31.03% |
| 1995-09-30 | $2.90 Million | -6.45% |
| 1994-09-30 | $3.10 Million | -39.22% |
| 1993-09-30 | $5.10 Million | -19.05% |
| 1992-09-30 | $6.30 Million | -48.36% |
| 1991-09-30 | $12.20 Million | -10.29% |
| 1990-09-30 | $13.60 Million | +67.90% |
| 1989-09-30 | $8.10 Million | +12.50% |
| 1988-09-30 | $7.20 Million | -- |