Mitek Systems Inc. (MKQ)
XMUN 
Summary
MKQ Chart
Mitek Systems: Not A Cheap Stock, But A Better Business Than It Looks
Mitek Systems (MITK) earns a Buy rating as it transitions from legacy mobile deposit to fraud prevention and identity verification, capitalizing on rising digital security needs. Fraud and identity solutions revenue grew 28% YoY in Q2 FY2026, with SaaS revenue up 18%, demonstrating momentum in MITK's modern business segments. Strong profitability is evident with Q2 adjusted EBITDA margin at 40.7% and LTM free cash flow of $44.5 million, supported by disciplined cost control.
Mitek Systems, Inc. (MITK) Q2 2026 Earnings Call Transcript
Mitek Systems, Inc. (MITK) Q2 2026 Earnings Call Transcript
Mitek Systems Q2 Earnings Call Highlights
Mitek Systems NASDAQ: MITK reported fiscal second-quarter 2026 results that Chief Executive Officer Ed West described as a “strong” quarter, highlighted by record revenue and record adjusted EBITDA as demand for fraud and identity tools increased amid what management called an accelerating wave of AI-assisted fraud.
Mitek Systems Inc. (MKQ) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Mitek Systems Inc. ever had a stock split?
Mitek Systems Inc. Profile
| Software Industry | Information Technology Sector | Mr. Edward H. West CEO | XMUN Exchange | US6067102003 ISIN |
| US Country | 561 Employees | - Last Dividend | - Last Split | 26 May 1995 IPO Date |
Overview
Mitek Systems, Inc., established in 1986 and based in San Diego, California, operates globally, providing advanced mobile image capture and digital identity verification solutions. The company's technologies facilitate a streamlined, secure, and efficient way for individuals and businesses to perform various transactions using their mobile devices or desktops. By leveraging camera-equipped smartphones, tablets, and sophisticated AI and machine learning technologies, Mitek aims to enhance the digital experience in banking, financial services, and many other sectors, emphasizing ease of use, fraud prevention, and compliance with regulatory standards.
Products and Services
- Mobile Deposit: Allows for the remote deposit of checks via smartphones or tablets equipped with cameras, catering to both individual and business needs.
- Mobile Verify: A robust identity verification solution that integrates seamlessly with mobile and desktop applications, ensuring user authenticity.
- Mobile Fill: Facilitates quick form completion through automatic image capture and a streamlined process that reduces the number of necessary clicks.
- MiSnap: A software development kit designed for mobile capture, offering an intuitive user interface for the instant capture of high-quality images of identity documents and checks.
- CheckReader: Enables financial institutions to automatically extract data from scanned or photographed checks, enhancing efficiency and accuracy.
- Check Fraud Defender: Combines AI technology and cloud-hosting to provide a cutting-edge solution against check fraud.
- Check Intelligence: Allows for the automatic extraction of data from check images, supporting multiple deposit channels including branch, ATM, remote deposit capture, and mobile.
- MiVIP: An end-to-end KYC platform that offers companies the tools to design, build, and implement comprehensive KYC processes with minimal development resources.
- MiPass: Provides robust protection against complex identity theft and fraud, targeting deepfakes and synthetic identities.
- ID_CLOUD: An automated identity verification solution that integrates into applications to validate identity documents effectively.
- IDLive Face: Offers passive facial liveness detection to prevent spoofing and ensure the presence of a live user during the verification process.
- IDVoice: A powerful AI-driven voice biometric engine designed to authenticate users based on their unique vocal characteristics.
- IDLive Voice: Protects against spoofing attacks on voice biometric systems, adding an extra layer of security.
- IDLive Doc: Fights fraud related to digitally displayed document images, ensuring the authenticity of the documents presented digitally.
