ROARABLE // PRO
GLOBAL DESKS // NYC --:--:-- NYSE
US TAPE
ROAR ▸

MITK // Mitek Systems Inc.

DES <GO> NASDAQ RQD COCKPIT → CIK 0000807863 ↗
Technology • Computer peripheral equipment
$18.46 ▼ -0.20 (-1.07%)
MKT CAP: $833.0M • VOL: 350.7K
MITK // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE
PRIOR: RQD 70/100 [B-] (+0 PT) • UNCHANGED
ROARABLE B-
RQD CONFIDENCE
70 / 100 +0D
5 X 20-PT QUANT PILLARS
E 0 D 35 C 59 B 70 A 86+
Roarable Buy — Sound Institutional Accumulation
01 MASSIVE / SEC XBRL
Forensic Fundamentals
18 / 20
STRONG
FCF +79.1% vs NI +168.3% • ROIC-WACC +14.1% • Z 2.87
02 INSTITUTIONAL TAPE & TREND
Whale & Options Flow
[LOCKED] FLAGGED
UNLOCK BELOW TO REVEAL
03 SEC XBRL CAPITAL ALLOCATION
Insider & Capital Conviction
[LOCKED] FLAGGED
UNLOCK BELOW TO REVEAL
04 FRED 90D r-MATRIX
Macro Regime Fit
16 / 20
STRONG
TAILWIND • r(10Y)=+0.00 (+23bp) • r(OAS)=+0.00
05 10-K REDLINE AUDIT
Forensic 10-K Risk
14 / 20
SOLID
20 BASE - 6 DEDUCT • 0 CRIT / 0 MED • STABLE
ALERT

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MITK // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +32.23%▼ DESCENDING CHANNEL
2026-10-30O $18.27H $18.58L $17.80C $18.46VOL 469.1K
RES: $19.20SUP: $15.32SMA50: $17.69SMA200: $15.83
$21.76$18.82$15.89$12.95$10.02RES $19.20SUP $15.32$18.462026-04-302026-06-152026-07-312026-09-162026-10-30
MITK // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE
UNDERWEIGHT CONVICTION: 36/100
BEAR 0
100 BULL

Mitek Systems Inc. (MITK) exhibits 45.0% gross margins and 22.7% return on invested capital within Technology (Computer peripheral equipment), balanced against a 37.0x enterprise multiple and 4.8% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)
01. Operating Leverage & Capital Efficiency Moat

Sustained 45.0% gross profitability converts into 9.3% operating margin and 22.7% ROIC, outpacing sector cost of capital.

ROIC: 22.7% // GM: 45.0%
02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of +4.4% paired with 6.51% free cash flow yield supports self-funded R&D and capital return.

REV YOY: +4.4% // FCF YLD: 6.51%
03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 2.87 and Piotroski F-Score of 7/9 indicate low near-term refinancing stress.

ALTMAN Z: 2.87 // F-SCORE: 7/9
▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)
01. Multiple Compression & Duration Sensitivity

Trading at 94.7x trailing P/E (88.1x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 94.7x // EV/EBITDA: 37.0x
02. Options Skew & Event Volatility Risk

Options market prices a ±5.2% implied move with a 0.85 put/call ratio around $18.46 max pain.

IMPL MOVE: ±5.2% // P/C: 0.85
03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in Computer peripheral equipment require continuous execution to defend 4.9% net margins.

NET MARGIN: 4.9% // D/E: 0.45x
KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs 88.1x forward consensus, and institutional 13F positioning.
MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 1.10).
FORM 4 & 13F FLOW OPEN OWN <GO>
FILER SIDE $ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>
UNUSUAL OPTIONS TAPE OPEN OPT <GO>
STRIKE / EXP TYPE PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>
KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>
TRAILING P/E 94.7x
FORWARD P/E 88.1x
EV / EBITDA 37.0x
FCF YIELD 6.51%
GROSS MARGIN —
OPERATING MARGIN 9.3%
NET MARGIN 4.9%
ROIC % 22.7%
REV GROWTH YOY +4.4%
DILUTED EPS TTM $0.19
DEBT / EQUITY —
DIVIDEND YIELD 0.00%
RSI-14 MOMENTUM 52.7
5Y EQUITY BETA —
FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>
MACRO CORRELATION CALIBRATION ACTIVE BELOW.
FRED MACRO REGIME STRESS-TEST SIMULATOR // MITKPEARSON R VARIANCE ENGINE
01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO
02 // POSITION NOTIONAL EXPOSURE
HEADLINE STRESS SCORE
75/100SEVERE DRAWDOWN PRESSURE
PRIMARY FACTOR EXPOSURE
DFII10 // -0.61 r
Latest: 2.08%
EST. DIRECTIONAL MOVE
-8.50%
Implied Px: $16.89
EST. DOLLAR VARIANCE
-$4,248
On $50,000 Notional
[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for MITK & activate live FRED threshold breach alerts.

HEAD-TO-HEAD PEER COMPARISONS COMP <GO>