Mitek Systems, Inc. (MITK)

Mitek Systems' stock experienced fluctuations, trading around $10.58 on January 7, 2026, slightly down from $10.79 on January 8, 2025. In December 2025, the stock rose by 13.64% after exceeding analyst expectations with its fourth-quarter and fiscal year 2025 results and providing robust guidance for fiscal year 2026. In August 2023, Mitek received a delisting notice from Nasdaq due to delayed quarterly reports, but subsequently presented a compliance plan and hired a new CFO.

Mitek Systems' products and services generally experience consistent demand rather than significant seasonality. There is a high demand for fraud and identity solutions products. The shift to a SaaS model contributes to a more even and recurring revenue profile, suggesting less susceptibility to seasonal fluctuations.

Mitek Systems, Inc. specializes in digital identity verification and mobile image processing, utilizing AI and ML to combat fraud and secure digital transactions. The company operates in the Technology sector, focusing on Identity Verification Services and Application Software. Its mission is to protect digital integrity. Key products include Mobile Deposit, Check Fraud Defender, Mitek Verified Identity Platform (MiVIP), Mobile Verify, MiSnap, CheckReader, Check Intelligence, IDLive Face, IDLive Doc, and IDLive Voice. These products are used for age verification, regulatory compliance, customer onboarding, passwordless authentication, and in-person identity verification, serving over 7,000 organizations globally, particularly in financial services, fintech, iGaming, lending, marketplace, and travel industries.

Headquartered in San Diego, California, Mitek Systems serves a global customer base. The company's reach extends across the United States, the United Kingdom, and other international markets, with acquisitions like ICAR Vision Systems in 2017 expanding its presence in Latin America.

Mitek Systems received positive recognition for its innovative solutions, winning awards at Juniper Research's Fintech and Payments Future Digital Awards 2025. However, the company's reputation was challenged in August 2023 due to a delisting notice from Nasdaq, which Mitek addressed with a compliance plan and a new CFO. Mitek has also been involved in patent disputes, such as a settled dispute with USAA in 2014.

Mitek Systems' ownership is primarily held by public shareholders, with institutional investors owning 74.31% of the company's shares as of mid-2025. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Legal & General Group Plc, Invesco Ltd., Dimensional Fund Advisors Lp, Geode Capital Management, Llc, and State Street Corp. Individual investors also hold shares, and Mitek Systems insiders hold 41.65% of the company's shares. John M. Thornton, the company's founder, remains a significant individual shareholder.