Added to YB: 2026-09-02
Pitch date: 2026-08-30
MITK [bullish]
Mitek Systems, Inc.
-4.45%
current return
Author Info
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Company Info
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; Mobile Verify, an omnichannel identity document verification engine; MiSnap, a software development kit that replaces manual image capture with auto-capture; CheckReader, which enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; and Check Intelligence, a check fraud solution.
Market Cap
$850.6M
Pitch Price
$18.67
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.86
P/E
39.93
EV/Sales
4.08
Sector
Software
Category
growth
The AI Cybersecurity Thematic - Mitek Systems, Inc.
MITK: Mitek combines consistent mobile-check-deposit revenue with growing fraud and identity-security SaaS that could benefit from rising enterprise AI threats. Q3 revenue rose 18%, SaaS revenue 36% and Check Fraud Defender ACV 73%, while gross margin reached 85% and guidance increased. Shares trade at 16-17x forward consensus EPS, though the stock is up 78% year to date and commands 37x trailing EPS.
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