Mitek Systems vs SmartRent
Mitek Systems reported revenue of $180 million in fiscal 2025, 1.2 times SmartRent's $152 million in fiscal 2025. Mitek Systems' revenue grew 4.4% in its latest year, and SmartRent's fell 12.9%. Mitek Systems had an operating margin of 9.3%, against -42.0% at SmartRent. Free cash flow was $54 million at Mitek Systems and −$25 million at SmartRent. Their fiscal years end in different months (September 30 and December 31), so the periods don't line up exactly.
Side by side
| Mitek Systems | SmartRent | |
|---|---|---|
| Latest fiscal year | FY2025, Sep 30, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $180M | $152M |
| Revenue growth | 4.4% | −12.9% |
| Revenue growth a year, last 5 years | 12.1% | 23.7% |
| Gross margin | — | 32.7% |
| Operating margin | 9.3% | −42.0% |
| Net margin | 4.9% | −39.8% |
| Free cash flow | $54M | −$25M |
| Free cash flow margin | 30.1% | −16.5% |
| Return on capital | 18.3% | — |
| Net debt to EBITDA | −10.4x | — |
| Dividends and buybacks | $5M | $5M |
| Change in diluted share count | −1.1% | −4.8% |
| Last close | $17.24 | $1.59 |
| P/E at the last close | 36.7× | — |
| Insider trades, last 12 months | sold $3.5 million | bought $2.3 million, sold $0 |
| Piotroski F-score | 6 of 8 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Mitek SystemsSmartRent
Operating margin
Percent of revenue
Mitek SystemsSmartRent
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Mitek SystemsSmartRent
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Mitek Systems and SmartRent pages.