MITK (Mitek Systems) Days Sales Outstanding: 97.61 (As of Jun. 2026) — 46% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MITK Mitek Systems Inc MITK
80 GF Score
Price $18.56
GF Value $11.51
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Mitek Systems Days Sales Outstanding?

Mitek Systems MITK +0.22% 80 Days Sales Outstanding is 97.61 as of Jun. 2026, which is 46% above its 10-year median of 66.94. 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. Among 2,773 Software companies, Mitek Systems ranks worse than 68.27% on this metric.

Mitek Systems's average Accounts Receivable for the three months ended in Jun. 2026 was $57.8 Mil. Mitek Systems's Revenue for the three months ended in Jun. 2026 was $54.0 Mil. Hence, Mitek Systems's Days Sales Outstanding for the three months ended in Jun. 2026 was 97.61.

The historical rank and industry rank for Mitek Systems's Days Sales Outstanding or its related term are showing as below:

MITK' s Days Sales Outstanding Range Over the Past 10 Years
Min: 46.73   Med: 66.94   Max: 82.84
Current: 82.84

During the past 13 years, Mitek Systems's highest Days Sales Outstanding was 82.84. The lowest was 46.73. And the median was 66.94.

MITK's Days Sales Outstanding is ranked worse than
68.27% of 2773 companies
in the Software industry
Industry Median: 60.87 vs MITK: 82.84

Mitek Systems's Days Sales Outstanding increased from Jun. 2025 (89.85) to Jun. 2026 (97.61).


Mitek Systems  (NAS:MITK) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Mitek Systems Days Sales Outstanding Related Terms


Mitek Systems Days Sales Outstanding Historical Data

* Premium members only.

The historical data trend for Mitek Systems's Days Sales Outstanding 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 Days Sales Outstanding Chart

Mitek Systems Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.08 66.20 71.98 67.68 69.56

Mitek Systems Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Days Sales Outstanding 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 89.85 78.47 70.89 79.24 97.61

MITK vs DJCO, PD, RSKD: Days Sales Outstanding Comparison

For the Software - Application subindustry, Mitek Systems's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mitek Systems Days Sales Outstanding vs Software Industry

For the Software industry and Technology sector, Mitek Systems's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Mitek Systems's Days Sales Outstanding falls into.


MITK
80GF Score
Mitek Systems Inc MITK
Days Sales Outstanding is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitek Systems Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

Mitek Systems's Days Sales Outstanding for the fiscal year that ended in Sep. 2025 is calculated as

Days Sales Outstanding (A: Sep. 2025 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Sep. 2024 ) + Accounts Receivable (A: Sep. 2025 )) / count ) / Revenue (A: Sep. 2025 )*Days in Period
=( (31.682 + 36.811) / 2 ) / 179.691*365
=34.2465 / 179.691*365
=69.56

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

Days Sales Outstanding (Q: Jun. 2026 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Mar. 2026 ) + Accounts Receivable (A: Jun. 2026 )) / count ) / Revenue (A: Jun. 2026 )*Days in Period
=( (63.308 + 52.306) / 2 ) / 54.038*365 / 4
=57.807 / 54.038*365 / 4
=97.61

* 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 Days Sales Outstanding →
What does a Days Sales Outstanding of 97.61 mean?
Mitek Systems (MITK) has a Days Sales Outstanding of 97.61 as of Jun. 2026. Days sales outstanding represents the average amount of days a company takes to collect receivables. View historical data on Mitek Systems and its competitors. This is 46% above median its historical median of 66.94. Over the past decade, Mitek Systems' Days Sales Outstanding has ranged from 46.73 to 82.84. According to the industry distribution chart, Mitek Systems ranks #1893 out of 2773 companies in the Software industry, placing it in the top 68.3%.
Is Mitek Systems' Days Sales Outstanding too high?
Mitek Systems' current Days Sales Outstanding of 97.61 is 46% above median its 10-year median of 66.94. Over the past 10 years, this metric has ranged from a low of 46.73 to a high of 82.84. The Software industry median Days Sales Outstanding is 60.87. Mitek Systems' value of 97.61 is 60.4% above this industry median. Based on the distribution chart, Mitek Systems ranks #1893 out of 2773 companies in the Software industry, which is below the industry midpoint. 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' Days Sales Outstanding compare to DJCO and PD?
According to the Software industry distribution chart, Mitek Systems ranks #1893 out of 2773 companies for Days Sales Outstanding. This places Mitek Systems in the lower half of its industry. The industry median Days Sales Outstanding is 60.87. Mitek Systems' value of 97.61 is 60.4% above this benchmark. Historically, Mitek Systems' own Days Sales Outstanding has ranged from 46.73 to 82.84 over the past decade. While the company's 10-year median is 66.94 vs. the industry median of 60.87, Mitek Systems has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Sales Outstanding for a Software company?
The median Days Sales Outstanding among Software companies is 60.87, based on 2,773 companies in the industry. Companies in the top quartile (top 25%) have a Days Sales Outstanding significantly above this median, while those in the bottom quartile fall well below. However, Days Sales Outstanding should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mitek Systems's current Days Sales Outstanding of 97.61 is 60.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Sales Outstanding mean?
A high Days Sales Outstanding can signal that a stock is expensive relative to its fundamentals. Days sales outstanding represents the average amount of days a company takes to collect receivables. View historical data on Mitek Systems and its competitors. For the Software industry, the median Days Sales Outstanding is 60.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitek Systems's current Days Sales Outstanding is 97.61, which is 46% above median its own 10-year median of 66.94. 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 Days Sales Outstanding is 97.61, which is 46% above median its 10-year median of 66.94 and 60.4% above the Software industry median of 60.87. 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 Days Sales Outstanding calculated?
Days Sales Outstanding is calculated from a company's financial statements. For Mitek Systems (MITK), the current Days Sales Outstanding is 97.61 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:

  • Days Sales Outstanding: 97.61 (46% above median its 10-year median of 66.94)
  • GF Value™: $11.51 vs. price of $18.56 (61.3% above fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 60.4% above the Software median (#1893 of 2773)

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

Get the complete analysis for MITK

Days Sales Outstanding is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$18.56
Price
$11.51
GF Value