MITK (Mitek Systems) Interest Expense : $-9.5 Mil (TTM As of Mar. 2025)

View and export this data going back to 1987. Start your Free Trial

What is Mitek Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mitek Systems's interest expense for the three months ended in Mar. 2025 was $ -2.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2025 was $-9.5 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Mitek Systems's Operating Income for the three months ended in Mar. 2025 was $ 11.4 Mil. Mitek Systems's Interest Expense for the three months ended in Mar. 2025 was $ -2.4 Mil. Mitek Systems's Interest Coverage for the quarter that ended in Mar. 2025 was 4.73. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Mitek Systems Interest Expense Historical Data

The historical data trend for Mitek Systems's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mitek Systems Interest Expense Chart

Mitek Systems Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Interest Expense

Get a 7-Day Free Trial

-5.13

-8.23

-9.06

-9.26

Mitek Systems Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Expense	Get a 7-Day Free Trial															-2.30	-2.33	-2.36	-2.40	-2.41

Mitek Systems Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.5 Mil.

Mitek Systems (NAS:MITK) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Mitek Systems's Interest Expense for the three months ended in Mar. 2025 was $-2.4 Mil. Its Operating Income for the three months ended in Mar. 2025 was $11.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2025 was $2.2 Mil.

Mitek Systems's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	11.394	/	-2.407
	=	4.73

The higher the ratio, the stronger the company's financial strength is.

Mitek Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mitek Systems Inc (NAS:MITK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

0K1W:UK MKQ:Germany MKQ:Germany

Address

770 First Avenue, Suite 425, San Diego, CA, USA, 92101

Website

https://www.miteksystems.com

Mitek Systems Inc is engaged in the development, sale, and service of proprietary software solutions related to mobile imaging. The firm is a software development company with expertise in artificial intelligence, and machine learning. It serves more than 7,900 financial services organizations, financial technology (fintech) brands, telecommunications companies, and marketplace brands across the globe. The company's Mobile Deposit solution is used by consumers for mobile check deposits. The company's Mobile Verify verifies a user's identity online enabling organizations to build safer digital communities, whereas CheckReader enables financial institutions to automatically extract data from a check image received across any deposit channel - branch, ATM, RDC, and mobile.

Executives

Scott R Carter	director	8911 BALBOA AVENUE, SUITE B, SAN DIEGO CA 92123
Kimberly S Stevenson	director	199 FREMONT STREET, 7TH FLOOR, SAN FRANCISCO CA 94105
Michael E Diamond	other: General Manager	600 B STREET, SUITE 100, SAN DIEGO CA 92101
Jason Gray	officer: GC, Secretary & Admin Officer	600 B STREET SUITE 100, SAN DIEGO CA 92101
Christopher H Briggs	other: SVP Identity	600 B STREET, SUITE 100, SAN DIEGO CA 92101
Donna Wells	director	BOSTON PRIVATE FINANCIAL HOLDINGS, INC., TEN POST OFFICE SQUARE, BOSTON MA 02109
Scipio Maximus Carnecchia	director, officer: CEO & Director	C/O MITEK SYSTEMS, INC., 600 B STREET, SUITE 100, SAN DIEGO CA 92101
Fuad Ahmad	officer: Interim CFO	461 SOUTH MILPITAS BLVD., MILPITAS CA 95035
Frank Teruel	officer: CFO	600 B STREET, SUITE 100, SAN DIEGO CA 92101
Stephen Ritter	officer: Chief Technology Officer	600 B STREET SUITE 100, SAN DIEGO CA 92101
Scott Adam Marcus	officer: General Counsel	600 B STREET, SUITE 100, SAN DIEGO CA 92101
Rahul Gupta	director	255 FISERV DRIVE, BROOKFIELD WI 53045
Susan Repo	director	600 B STREET, SUITE 100, SAN DIEGO CA 92101
William K Aulet	director	600 B STREET, SUITE 100, SAN DIEGO CA 92101
Jeffrey C Davison	officer: Chief Financial Officer	600 B STREET, SUITE 100, SAN DIEGO CA 92101