In January 2026, Mitek Systems secured a $50 million term loan from Silicon Valley Bank to boost liquidity and repay convertible notes due on February 1, 2026. This transaction is part of a broader, updated credit facility, including a $25 million revolving line of credit, designed to manage debt ahead of upcoming maturity. Mitek maintains strong cash flow, with this move reinforcing their financial flexibility.
Source: longbridge.com