MITK (Mitek Systems) Retained Earnings : $-29.0 Mil (As of Mar. 2025)

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What is Mitek Systems Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Mitek Systems's retained earnings for the quarter that ended in Mar. 2025 was $-29.0 Mil.

Mitek Systems's quarterly retained earnings declined from Sep. 2024 ($-30.3 Mil) to Dec. 2024 ($-38.1 Mil) but then increased from Dec. 2024 ($-38.1 Mil) to Mar. 2025 ($-29.0 Mil).

Mitek Systems's annual retained earnings increased from Sep. 2022 ($-17.3 Mil) to Sep. 2023 ($-9.3 Mil) but then declined from Sep. 2023 ($-9.3 Mil) to Sep. 2024 ($-30.3 Mil).

Mitek Systems Retained Earnings Historical Data

The historical data trend for Mitek Systems's Retained Earnings 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.

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Mitek Systems Retained Earnings Chart

Mitek Systems Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Retained Earnings

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-13.99

-6.07

-17.34

-9.31

-30.27

Mitek Systems Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Retained Earnings	Get a 7-Day Free Trial															-14.82	-24.65	-30.27	-38.15	-28.99

Mitek Systems Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Mitek Systems (NAS:MITK) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Mitek Systems Business Description

Industry

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

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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