← MITEK SYSTEMS INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $2.0m $14.1m ($11.8m) ($724k) $7.8m $8.0m $3.0m $8.0m $3.3m $8.8m
Depreciation, Depletion and Amortization $800k $322k $615k $1.4m $1.5m $1.4m $1.4m $1.7m $1.8m $1.3m
Amortization of Intangible Assets $598k $591k $4.0m $7.0m $6.4m $7.5m $13.5m $17.0m $15.2m $14.1m
Capitalized Computer Software, Amortization — $0 $0 $0 $0 $0 $0 $0 $0 $0
Depreciation $790k — — — — — — — — $1.3m
Deferred Income Tax Expense (Benefit) — — — — — — ($2.6m) ($4.3m) ($10.4m) ($9.6m)
Share-based Payment Arrangement, Noncash Expense $4.1m $5.5m $8.9m $9.6m $9.6m $11.5m $13.3m $10.5m $12.6m $16.8m
Share-based Payment Arrangement, Expense $5.6m $5.5m $8.9m $9.6m $9.6m $11.5m $13.3m $10.5m $12.6m $16.8m
Goodwill and Intangible Asset Impairment — $0 — — — — — — — —
Goodwill, Impairment Loss $0 $0 — — — — — $0 $0 $0
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — — — $0 $0
Impairment of Intangible Assets, Finite-lived — — $0 $0 $0 $0 $0 $0 $0 $0
Gain (Loss) on Extinguishment of Debt — — — — — — — — — ($309k)
Income Tax Expense (Benefit) ($1k) ($10.9m) $3.1m ($3.3m) $1.6m $824k ($295k) $2.3m ($4.2m) $2.8m
Interest Expense Nonoperating — — — — — — — — $9.3m $9.8m
Operating Lease, Expense — — — — $2.2m $2.2m — — — —
Changes in operating assets and liabilities:
Noncash investing and financing activities:
Additional Financial Items
Increase (Decrease) in Accounts Payable ($222k) $593k $309k $28k $277k ($1.6m) $2.2m $2.5m ($450k) ($3.4m)
Accounts Receivable, Credit Loss Expense (Reversal) — — — — — — — — $647k $803k
Purchases of property and equipment, accrued but unpaid $250k $488k $4.3m $1.1m $803k $1.4m $1.1m $1.0m $1.4m $1.2m
Debt Securities, Available-for-sale, Realized Gain (Loss) $7k ($19k) ($10k) $0 $0 $0 ($300k) $0 $0 $0
General and Administrative Expense $8.6m $11.3m $17.1m $19.9m $22.3m $22.5m $26.6m $43.3m $53.0m $44.3m
Goodwill $2.9m $3.0m $34.4m $32.6m $35.7m $63.1m $120.2m $123.5m $131.6m $133.5m
Nonoperating Income (Expense) $134k $402k ($935k) $602k $541k $654k ($370k) $3.8m $6.1m $4.6m
Net Cash Provided by (Used in) Operating Activities $7.9m $10.4m $5.6m $14.2m $24.1m $37.3m $26.4m $31.6m $31.7m $55.3m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $250k $488k $4.3m $1.1m $803k $1.4m $1.1m $1.0m $1.4m $1.2m
Payments to Acquire Businesses, Net of Cash Acquired — $0 $29.7m $0 $0 $12.5m $127.9m $267k $0 $0
Payments to Acquire Investments $33.7m $39.9m $15.4m $24.4m $44.7m $246.5m $47.8m $71.7m $62.4m $40.6m
Net Cash Provided by (Used in) Investing Activities ($3.3m) ($7.8m) ($8.4m) ($10.5m) ($24.7m) ($170.5m) ($3.5m) ($6.8m) $28.7m $5.8m
Cash flows from financing activities:
Repayments of Long-term Debt — — $270k — — — — — — —
Payments for Repurchase of Common Stock — — — — $1.0m $190k $15.2m $0 $24.2m $4.7m
Net Cash Provided by (Used in) Financing Activities $1.7m $687k ($429k) $4.4m $3.4m $143.7m ($21.1m) $1.7m ($25.9m) ($1.8m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($45k) ($76k) ($34k) ($406k) $419k ($207k) $69k $351k ($9k) $1.4m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($45k) ($76k) ($34k) $7.7m $3.2m $10.3m $1.7m $26.9m $34.5m $60.7m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $16.7m $20.0m $30.3m $32.1m $58.9m $93.5m $154.2m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $1k $0 $29k $0 $0 $569k $1.2m $1.4m $1.3m $1.2m
Income Taxes Paid, Net $17k $113k $402k $310k ($451k) $741k $750k $3.8m $12.0m $9.1m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.