MITEK SYSTEMS, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $8.8M | $3.3M | $8.0M | $3.7M | $8.0M | $7.8M | $-724.0K | $-11.8M |
| Depreciation & Amortization | $1.3M | $1.8M | $1.7M | $1.4M | $1.4M | $1.5M | $1.4M | $615.0K |
| Depreciation | $1.3M | $1.8M | $1.7M | — | — | — | — | — |
| Amortization | $14.1M | $15.2M | $17.0M | $13.5M | $7.5M | $6.4M | $7.0M | $4.0M |
| Stock-Based Compensation | $16.8M | $12.6M | $10.5M | $13.3M | $11.5M | $9.6M | $9.6M | $9.0M |
| Net Cash from Operating Activities | $55.3M | $31.7M | $31.6M | $21.1M | $37.3M | $24.1M | $14.3M | $5.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.2M | $1.4M | $1.0M | $1.1M | $1.4M | $803.0K | $1.1M | $4.3M |
| Business Acquisitions | $0 | $0 | $267.0K | $122.7M | $12.5M | $0 | $0 | $29.7M |
| Net Cash from Investing Activities | $5.8M | $28.7M | $-6.8M | $1.7M | $-170.5M | $-24.7M | $-10.5M | $-8.4M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $4.7M | $24.2M | $0 | $15.2M | $190.0K | $1.0M | $0 | $0 |
| Net Cash from Financing Activities | $-1.8M | $-25.9M | $1.7M | $-21.1M | $143.7M | $3.4M | $4.4M | $-429.0K |
| Net Change in Cash | $60.7M | $34.5M | $26.9M | $1.7M | $10.3M | $3.2M | $7.7M | $-3.3M |
| Free Cash Flow | $54.2M | $30.3M | $30.6M | $20.0M | $36.0M | $23.3M | $13.2M | $1.3M |
Invert, always invert.