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Mitek Systems cash flow, quarter by quarter

Latest: Q3 FY26 · from the cash-flow statements filed with the SEC

Free cash flow$25.3M in Q3 FY26 · $48.6M over twelve months

Operating cash flow$27.2M
Capital spending−$1.8M
Free cash flow+$25.3M
Cash / net income3.2×

Analysis

In Q3 FY26, Mitek Systems generated $27.2M of operating cash flow and spent $1.8M on capital projects, leaving free cash flow of $25.3M. That is $4.1M more than in Q3 FY25 ($21.2M).

Over the twelve months to Jun 30, 2026, operating cash flow was $53.7M; the largest uses were other financing ($106M), buybacks ($21.3M), capital spending ($5.1M); besides operations, cash came from other investing ($38.8M), shares issued ($3.4M); the cash balance fell by $37.1M.

Operating cash flow was $27.2M against net income of $8.4M — 3.2× profit, cash ran ahead of reported earnings. The largest differences: receivables +$11.1M, stock-based pay +$4.9M, employee-related liabilities +$2.8M.

Free cash flow

Mitek Systems: free cash flow by quarterMitek Systems: free cash flow by quarter$20.8MQ4 FY24$230KQ1 FY25$13.5MQ2 FY25$21.2MQ3 FY25$19.2MQ4 FY25$6.6MQ1 FY26−$2.5MQ2 FY26$25.3MQ3 FY26
Operating cash flow less capital spending.
Mitek Systems: operating cash flow against capital spendingMitek Systems: operating cash flow against capital spendingOperating cash flowCapital spending$21.1M$283KQ4 FY24$565K$335KQ1 FY25$13.7M$232KQ2 FY25$21.6M$329KQ3 FY25$19.5M$259KQ4 FY25$8.0M$1.4MQ1 FY26−$945K$1.6MQ2 FY26$27.2M$1.8MQ3 FY26
Latest (Q3 FY26): Operating cash flow $27.2M, Capital spending $1.8M.

Capital allocation, year by year

Mitek Systems: where the cash came from (up) and went (down), by fiscal yearMitek Systems: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksFY21: Operating cash flow $37.3MFY21: Net borrowing $155MFY21: Shares issued $4.0MFY21: Capital spending −$1.4MFY21: Acquisitions −$12.5MFY21: Buybacks −$190K$197MFY21FY22: Operating cash flow $21.1MFY22: Shares issued $1.7MFY22: Capital spending −$1.1MFY22: Acquisitions −$123MFY22: Buybacks −$15.2M$22.8MFY22FY23: Operating cash flow $31.6MFY23: Shares issued $1.7MFY23: Capital spending −$1.0MFY23: Acquisitions −$267K$33.3MFY23FY24: Operating cash flow $31.7MFY24: Net borrowing −$290KFY24: Shares issued $1.9MFY24: Capital spending −$1.4MFY24: Buybacks −$24.2M$33.6MFY24FY25: Operating cash flow $55.3MFY25: Net borrowing −$224KFY25: Shares issued $1.7MFY25: Capital spending −$1.2MFY25: Buybacks −$4.7M$57.0MFY25
Over these 5 years operating cash flow totalled $177M; the largest uses were acquisitions ($135M) and buybacks ($44.3M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$99.7M
Debt$49.4M
Net cash$50.3M
Due within a year$280K

Mitek Systems funds itself: free cash flow was $48.6M over the last twelve months, and $99.7M of cash and investments stands against $49.4M of debt ($280K due within a year, 356.1× covered by cash).

Mitek Systems: debt maturities by year (FY25)Mitek Systems: debt maturities by year (FY25)$280KYear 1$404KYear 2$423KYear 3$416KYear 4$341KYear 5$2.5MAfter year 5
Principal due in each year as disclosed in the annual report, against $99.7M of cash and investments now.

Where the cash came from and went

Mitek Systems: sources (+) and uses (−) of cash, Q3 FY26Mitek Systems: sources (+) and uses (−) of cash, Q3 FY26Operating cash flow$27.2MCash drawn (+) / kept (−)−$20.9MBuybacks−$2.0MCapital spending−$1.8MOther investing−$1.7MOther financing−$659KExchange rates−$154KShares issued$17K
Mitek Systems: sources (+) and uses (−) of cash, TTM to Q3 FY26Mitek Systems: sources (+) and uses (−) of cash, TTM to Q3 FY26Other financing−$106MOperating cash flow$53.7MOther investing$38.8MCash drawn (+) / kept (−)$37.1MBuybacks−$21.3MCapital spending−$5.1MShares issued$3.4MExchange rates−$437K

From profit to cash

Mitek Systems: net income to operating cash flow, Q3 FY26Mitek Systems: net income to operating cash flow, Q3 FY26Net income$8.4MDepreciation & amortization$504KStock-based pay$4.9MDeferred taxes−$850KReceivables$11.1MPayables−$15KEmployee-related liabilities$2.8MDeferred revenue−$1.4MContract assets−$777KPrepaid and other assets−$1.0MOther liabilities−$448KIncome taxes payable$65KOperating cash flow$27.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 FY26$27.2M−$1.8M−$2.0M—$17K−$20.9M$25.3M
Q2 FY26−$945K−$1.6M−$7.8M—$2.2M$106M−$2.5M
Q1 FY26$8.0M−$1.4M−$10.0M—$25K−$21.0M$6.6M
Q4 FY25$19.5M−$259K−$1.5M—$1.2M−$27.0M$19.2M
Q3 FY25$21.6M−$329K−$1K−$224K$269K−$22.4M$21.2M
Q2 FY25$13.7M−$232K−$1K—$84K−$14.1M$13.5M
Q1 FY25$565K−$335K−$3.3M—$177K$2.8M$230K
Q4 FY24$21.1M−$283K−$14.1M—$841K−$9.1M$20.8M

Mitek Systems: income statement and cash flow

Mitek Systems, Q3 FY26: revenue $54.0M (+18% year over year), operating margin 21.4%. The chart follows the revenue to costs, profit and cash.

Mitek Systems: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.