Mitek Systems (MITK) to Announce Earnings on Thursday

22 Jul 2026, 01:26 by Jessica Moore · The Cerbat Gem

Mitek Systems (NASDAQ:MITK – Get Free Report) is expected to release its Q3 2026 results before the market opens on Thursday, July 23rd. Analysts expect the company to announce earnings of $0.2752 per share and revenue of $50.8180 million for the quarter. Individuals may visit the the company’s upcoming Q3 2026 earning overview page for the latest details on the call scheduled for Thursday, August 6, 2026 at 5:00 PM ET.

Mitek Systems (NASDAQ:MITK – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The software maker reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.12. Mitek Systems had a net margin of 8.74% and a return on equity of 16.74%. The business had revenue of $54.84 million during the quarter, compared to the consensus estimate of $52.59 million. On average, analysts expect Mitek Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Mitek Systems Trading Down 1.4%

Shares of Mitek Systems stock opened at $18.44 on Wednesday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $17.29 and a 200-day simple moving average of $14.48. The stock has a market cap of $832.75 million, a price-to-earnings ratio of 52.69 and a beta of 0.97. Mitek Systems has a 12-month low of $8.53 and a 12-month high of $21.05.

Analysts Set New Price Targets

Several brokerages recently commented on MITK. Northland Securities set a $17.00 price target on shares of Mitek Systems in a research note on Wednesday, April 15th. Wall Street Zen downgraded shares of Mitek Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research lowered Mitek Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Finally, Weiss Ratings upgraded Mitek Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $16.00.

View Our Latest Analysis on MITK

Insider Activity

In other news, COO Garrett Gafke sold 152,529 shares of Mitek Systems stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $13.92, for a total value of $2,123,203.68. Following the transaction, the chief operating officer directly owned 265,387 shares of the company’s stock, valued at $3,694,187.04. The trade was a 36.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its stake in Mitek Systems by 320.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,018 shares of the software maker’s stock valued at $60,000 after purchasing an additional 4,586 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Mitek Systems by 4,147.9% during the third quarter. Russell Investments Group Ltd. now owns 9,940 shares of the software maker’s stock worth $97,000 after buying an additional 9,706 shares during the period. Bayesian Capital Management LP acquired a new stake in shares of Mitek Systems during the second quarter worth about $136,000. Entropy Technologies LP purchased a new position in shares of Mitek Systems during the fourth quarter worth about $146,000. Finally, Virtu Financial LLC purchased a new position in shares of Mitek Systems during the fourth quarter worth about $146,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Mitek Systems Company Profile

(Get Free Report)

Mitek Systems, Inc (NASDAQ: MITK) is a software company specializing in mobile capture and digital identity verification solutions. Headquartered in San Diego, California, Mitek develops and licenses patented technology that enables organizations to securely capture, authenticate and process identity documents, checks and other physical media using smartphones and other digital devices. Its platforms leverage advanced image processing, machine learning and biometrics to streamline customer onboarding and prevent fraud in real time.