MITEK SYSTEMS, INC.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $154.2M | $93.5M | $58.9M | $32.1M | $30.3M | $20.0M | $16.7M | $9.0M |
| Accounts Receivable | $36.8M | $31.7M | $32.1M | $35.9M | $16.6M | $15.6M | $14.9M | $16.8M |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $248.5M | $185.1M | $190.0M | $137.9M | $204.1M | $84.1M | $54.1M | $37.6M |
| Property, Plant & Equipment | $2.3M | $2.6M | $2.8M | $3.5M | $3.7M | $3.6M | $4.2M | $4.7M |
| Goodwill | $133.5M | $131.6M | $123.5M | $115.6M | $63.1M | $35.7M | $32.6M | $34.4M |
| Intangible Assets (Excl. Goodwill) | $39.8M | $54.1M | $64.7M | $75.8M | $28.7M | $19.3M | $24.4M | $32.9M |
| Total Assets | $459.1M | $413.8M | $405.4M | $364.5M | $419.7M | $169.2M | $135.9M | $127.2M |
| Liabilities | ||||||||
| Accounts Payable | $3.9M | $7.2M | $7.6M | $5.0M | $2.5M | $3.9M | $3.6M | $3.6M |
| Total Current Liabilities | $209.0M | $42.1M | $51.5M | $48.5M | $39.2M | $24.4M | $20.0M | $20.4M |
| Long-Term Debt | $4.3M | $2.7M | — | — | — | — | — | — |
| Total Liabilities | $218.9M | $199.0M | $200.2M | $193.5M | $226.9M | $36.9M | $28.6M | $31.8M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-26.2M | $-30.3M | $-9.3M | $-17.3M | $-6.1M | $-14.0M | $-20.8M | $-20.1M |
| Total Stockholders' Equity | $240.3M | $214.8M | $205.2M | $171.0M | $192.8M | $132.2M | $107.3M | $95.4M |
The intelligent investor is a realist who sells to optimists and buys from pessimists.