MITK (Mitek Systems) Change In Receivables: $-10.0 Mil (TTM As of Jun. 2026)

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MITK Mitek Systems Inc MITK
80 GF Score
Price $18.56
GF Value $11.51
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Mitek Systems Change In Receivables?

Mitek Systems MITK +0.22% 80 Change In Receivables is $-10.0 Mil as of Jun. 2026. GuruFocus rates MITK with a GF Score™ of 80/100 and a GF Value™ of $11.51 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Mitek Systems's change in receivables for the quarter that ended in Jun. 2026 was $10.3 Mil. It means Mitek Systems's Accounts Receivable declined by $10.3 Mil from Mar. 2026 to Jun. 2026 .

Mitek Systems's change in receivables for the fiscal year that ended in Sep. 2025 was $-0.2 Mil. It means Mitek Systems's Accounts Receivable increased by $0.2 Mil from Sep. 2024 to Sep. 2025 .

Mitek Systems's Accounts Receivable for the quarter that ended in Jun. 2026 was $52.3 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Mitek Systems's Days Sales Outstanding for the three months ended in Jun. 2026 was 88.33.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Mitek Systems's liquidation value for the three months ended in Jun. 2026 was $21.4 Mil.

Mitek Systems  (NAS:MITK) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Mitek Systems's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=52.306/54.038*91
=88.33

2. In Ben Graham's calculation of liquidation value, Mitek Systems's accounts receivable are only considered to be worth 75% of book value:

Mitek Systems's liquidation value for the quarter that ended in Jun. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=99.711-117.532+0.75 * 52.306+0.5 * 0
=21.4

* 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.

Mitek Systems Change In Receivables Related Terms

Mitek Systems Change In Receivables Historical Data

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The historical data trend for Mitek Systems's Change In Receivables 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.

Mitek Systems Change In Receivables Chart

Mitek Systems Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 -22.57 -8.89 5.09 -0.21

Mitek Systems Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.39 2.65 5.36 -28.33 10.28
MITK
80GF Score
Mitek Systems Inc MITK
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Mitek Systems Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-10.0 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of $-10.0 Mil mean?
Mitek Systems (MITK) has a Change In Receivables of $-10.0 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Mitek Systems and its competitors.
Is Mitek Systems' Change In Receivables too high?
Mitek Systems' current Change In Receivables is $-10.0 Mil. Overall, Mitek Systems has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitek Systems' Change In Receivables compare to DJCO and PD?
Mitek Systems' Change In Receivables of $-10.0 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for a Software company?
A good Change In Receivables depends on the Software industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Mitek Systems and its competitors. Mitek Systems's current Change In Receivables is $-10.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitek Systems stock overvalued right now?
Based on GuruFocus' analysis, Mitek Systems (MITK) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.51, compared to a current price of $18.56 — trading 61.3% above its estimated fair value. The current Change In Receivables is $-10.0 Mil. Mitek Systems' overall GF Score™ is 80/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For Mitek Systems (MITK), the current Change In Receivables is $-10.0 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mitek Systems (MITK) Overvalued in 2026?

Based on GuruFocus' analysis, Mitek Systems stock appears to be overvalued. The current stock price of $18.56 is trading 61.3% above its estimated GF Value™ of $11.51. GuruFocus considers Mitek Systems to be Significantly Overvalued.

Key valuation signals for MITK:

  • Change In Receivables: $-10.0 Mil
  • GF Value™: $11.51 vs. price of $18.56 (61.3% above fair value)
  • GF Score™: 80/100 with 5 warning signs

No single metric tells the full story. See the MITK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mitek Systems Business Description

Other Exchanges 0K1W:UKMKQ:Germany
Address 770 First Avenue, Suite 425, San Diego, CA, USA, 92101
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.
80GF Score

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Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$18.56
Price
$11.51
GF Value