Why MITK Stock dropped -2.11% Today — RQD Quant Desk Flash

$18.07 -2.11% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $18.04

Mitek Systems Inc. (MITK) earns a Roarable Rating of B (Buy) with 72/100 RQD Confidence. High-quality cash engine (steady margins, 23% return on capital) with steady institutional support. The company’s underlying cash engine and institutional positioning keep the composite score in the Green Buy zone.

ROARABLE B • BUY Cap $833.0M
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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is MITK stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-02, Mitek Systems Inc. (NASDAQ: MITK) is rated B (Buy / BUY) by Roarable's 5-pillar RQD engine with a composite confidence score of 72/100 at a spot price of $18.07 (-2.11% 1D, market cap $833.0M). Pillar breakdown: Fundamental Cash Engine 18/20, Institutional 13F & Options Flow 14/20, Executive Insider Alignment 14/20, FRED Macro Regime Fit 13/20, and SEC Balance-Sheet Forensics 13/20. Across 714 tracked Technology issuers, MITK ranks #68 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does MITK compare to EVLV and SSYS in the Technology sector?
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Within the Technology sector (Computer peripheral equipment), MITK carries a Roarable B (72/100 RQD), trailing P/E of 94.7x, gross margin of —, and ROIC of 22.7%. By comparison, EVLV (Evolv Technologies Holdings Inc. (Class A)) holds a D- grade (43/100 RQD, P/E N/A, ROIC -35.0%, cap $878.5M) and SSYS (Stratasys Ltd. (Israel)) posts a E grade (17/100 RQD, P/E N/A, ROIC -7.7%, cap $619.2M). Among the 5-stock peer group, IMMR leads on earnings multiple (53.6x) while MITK leads on capital efficiency (22.7% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for MITK?
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Per MITK's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-09-30, CIK 0000807863), Mitek Systems Inc. generated $179.7M in revenue (+4.4% YoY), $8.8M in net income, and $54.2M in free cash flow against $446.5M in total assets and $0 in total debt. Key quantitative strengths: Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks.. Primary risk factors monitored: Priced at 95x earnings—high expectations leave less room for a lukewarm quarter.. Institutional options positioning shows a 50% call / 50% put premium split.

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INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $18.04 (-0.14%)🧬 Cannibal Buyback (-1.52% YoY Shares)⚙️ Cash Engine: 18/20 (A) • 30.2% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record: Scores of 72/100 (B) historically ranked in the Top 13% of excess returns over the next 90 days (+7.0% avg 90D alpha vs SPY • 68.7% hit rate).
Audit Bucket Track Record →
RQD QUANT TACHOMETERBUY • B
025507510072
3-of-3 JEV AI Jury Bullish
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw B · Rk C+
Cash (18)Whales (14)SEC (14)Macro (13)CEO (13)
Each axis scored 0–20
12M PRICE TARGET CONE+6.3% Base Target
$23 Bull$19 Base$15 Bear
📬 FREE MITK RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for MITK)Realized 20D OHLCV Swing Band: ±9.8%
Deterministic 5-Pillar Attribution (72/100 Composite)
🔍 WHY MITK SCORES 72/100 (B) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Cash Engine Quality+18/20 pts (25% of score)

SEC XBRL FY 2025 (10-K): 30.2% FCF Margin ($54.2M FCF) & 52% Gross Margin

▲ #2 Bullish Driver: Whale & Options Positioning+14/20 pts (19% of score)

20D Institutional Volume Accumulation (±9.8% realized swing band)

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution13/20 pts (-7 pt drag)

Cannibal Buyback (-1.52% YoY Shares) & executive Form 4 sales trim 7 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
64
Grade C+$16.71+0% Next Q
Q2 (-2Q)
67
Grade B-$16.71+12% Next Q
Q3 (-1Q)
69
Grade B-$18.72-3.5% Next Q
Current
72
Grade B$18.07+7% Hist 90D α
Trajectory: C+ (64) → B (72)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the MITK Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 72/100 (B) score, MITK faces multiple-compression risk if 94.7x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Priced at 95x earnings—high expectations leave less room for a lukewarm quarter.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-1.52% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($17.69) or 200D SMA ($15.87) invalidates the momentum regime and cuts Target Base ($19.21) toward Bear Floor ($14.82).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $MITK• $4.8M Crowd Pool • Kalshi / Polymarket Composite
Contract: “MITK Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”
AUTOMATED RQD QUANT DESK MOVER BRIEFINGFull Market News Desk →

Why MITK Stock dropped -2.11% Today — RQD Quant Desk Flash

Mitek Systems Inc. (MITK) dropped -2.11% to $18.07, trading at 76% of its 52-week range ($8.53 – $21.05). High-quality cash engine (steady margins, 23% return on capital) with steady institutional support.

  • ▸Technical Tape: Trading at 76% of its 52-week range ($8.53 – $21.05) with RSI-14 at 55.6 (BULLISH MOMENTUM).
  • ▸Volatility Profile: Historical 20-day realized swing band of ±9.8% around $18.07 (no active unusual options sweep snapshot on file).
  • ▸Fundamental Anchor: Roarable B (Buy) backed by 52% gross margin and $54.2M annual free cash flow.
Live MITK Headlines & Catalysts
MARKET WIREYahoo Finance • 6h ago
What Mitek Systems Doubters Got Wrong

Yahoo Finance report covering Mitek Systems Inc. (MITK) market action, institutional positioning, and fundamental catalysts.

CATALYSTYahoo • 12h ago
What Comes Next For Mitek Systems After An 81% Gain?

Mitek Systems did not just ship another fraud tool during the period. It landed real money, with Q3 2026 revenue of US$54.038 million and net income of US$8.367 million on record, alongside a much higher net margin than

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Scheduled RQD Strong Buys & Whale Accumulation Briefing (MITK Tape Review)

  • ✓Breakdown of the highest-scoring RQD Green-Light breakouts across our 5,200+ rated universe
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MITK // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +18.41%▼ DESCENDING CHANNEL
2026-11-02O $18.66H $18.66L $18.07C $18.07VOL 350.7K
RES: $19.19SUP: $15.31SMA50: $17.69SMA200: $15.87
$21.75$18.84$15.92$13.00$10.08RES $19.19SUP $15.31$18.072026-05-042026-06-172026-08-042026-09-172026-11-02
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

MITK Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
48.0%/yr Implied 5Y Growth

vs. +4.4% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on MITK today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for MITK. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for MITK today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (MITK)

Technology Rank #68 of 714 ⚔️ EVLV vs MITK Full Matrix →

1. Head-to-Head Technology Peer Comparison (MITK vs. EVLV, SSYS, CRSR, IMMR)

Industry: Computer peripheral equipment (18 Tracked Issuers)

Across 714 tracked Technology securities in the Roarable RQD universe, Mitek Systems Inc. (MITK) ranks #68 by composite RQD confidence (72/100, grade B) and #367 by equity capitalization ($833.0M). Within this direct 5-issuer industry benchmark cohort, IMMR leads on earnings valuation at 53.6x trailing P/E, while MITK leads on capital efficiency and profitability with 22.7% ROIC and — gross margin. MITK currently leads its immediate peer cohort in composite quantitative strength at 72/100 (B).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
MITK ACTIVE
Mitek Systems Inc.
B 72/100 94.7x — 22.7% -2.11% $833.0M Benchmark Subject
EVLV
Evolv Technologies Holdings Inc. (Class A)
D- 43/100 — 51.6% -35.0% -3.30% $878.5M /evlv-vs-mitk →
SSYS
Stratasys Ltd. (Israel)
E 17/100 — 41.2% -7.7% -4.41% $619.2M /ssys-vs-mitk →
CRSR
Corsair Gaming Inc.
D+ 56/100 92.8x 28.9% 0.2% -8.23% $1.49B /crsr-vs-mitk →
IMMR
Immersion Corporation
C- 61/100 53.6x — 12.4% -1.37% $242.4M /immr-vs-mitk →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-09-30 • CIK 0000807863

In its most recent audited fiscal period (FY2025, filed 2025-09-30), Mitek Systems Inc. (MITK) reported GAAP revenue of $179.7M (+4.4% vs. FY2024 revenue of $172.1M , and +4.1% cumulative change since FY2023) , GAAP net income of $8.8M, operating cash flow of $55.3M, and free cash flow of $54.2M (+79.1% YoY). On the balance sheet, MITK closed FY2025 with $446.5M in total assets against $0 in total debt (Altman Z-Score: 2.87, Piotroski F-Score: 7/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-09-30 $179.7M $8.8M $55.3M $54.2M $446.5M —
FY2024 (FY) 2024-09-30 $172.1M $3.3M $31.7M $30.3M $396.0M —
FY2023 (FY) 2023-09-30 $172.6M $8.0M $31.6M $31.6M — —

3. MITK Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is MITK stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-02, Mitek Systems Inc. (NASDAQ: MITK) is rated B (Buy / BUY) by Roarable's 5-pillar RQD engine with a composite confidence score of 72/100 at a spot price of $18.07 (-2.11% 1D, market cap $833.0M). Pillar breakdown: Fundamental Cash Engine 18/20, Institutional 13F & Options Flow 14/20, Executive Insider Alignment 14/20, FRED Macro Regime Fit 13/20, and SEC Balance-Sheet Forensics 13/20. Across 714 tracked Technology issuers, MITK ranks #68 in composite RQD confidence.

How does MITK compare to EVLV and SSYS in the Technology sector?

Within the Technology sector (Computer peripheral equipment), MITK carries a Roarable B (72/100 RQD), trailing P/E of 94.7x, gross margin of —, and ROIC of 22.7%. By comparison, EVLV (Evolv Technologies Holdings Inc. (Class A)) holds a D- grade (43/100 RQD, P/E N/A, ROIC -35.0%, cap $878.5M) and SSYS (Stratasys Ltd. (Israel)) posts a E grade (17/100 RQD, P/E N/A, ROIC -7.7%, cap $619.2M). Among the 5-stock peer group, IMMR leads on earnings multiple (53.6x) while MITK leads on capital efficiency (22.7% ROIC).

What are the biggest fundamental strengths and SEC risk factors for MITK?

Per MITK's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-09-30, CIK 0000807863), Mitek Systems Inc. generated $179.7M in revenue (+4.4% YoY), $8.8M in net income, and $54.2M in free cash flow against $446.5M in total assets and $0 in total debt. Key quantitative strengths: Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks.. Primary risk factors monitored: Priced at 95x earnings—high expectations leave less room for a lukewarm quarter.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is MITK trading relative to its 50-day, 200-day, and 52-week technical levels?

MITK last traded at $18.07 (-2.11% on volume of 469,124 shares), positioning the stock +2.15% above its 50-day simple moving average ($17.69) and +13.86% above its 200-day simple moving average ($15.87). Across its 52-week range of $8.53 to $21.05, MITK sits at the 76.2% percentile with a 14-day RSI of 55.6 (BULLISH MOMENTUM) and an implied next-earnings move of ±9.8% ($16.30 to $19.84).

MITK Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

Why is MITK stock moving today?

Why MITK Stock dropped -2.11% Today — RQD Quant Desk Flash. High-quality cash engine (steady margins, 23% return on capital) with steady institutional support.

ROARABLE RATING BRIEF • RQD 72/100 (B) ✓ STAGE-C NUMBER FIREWALL VERIFIED

MITK — Mitek Systems Inc.: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5
As of: 2026-11-02T15:32:30Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, MITK scores 72 out of 100 (letter grade B, verdict "Roarable Buy — Good Risk/Reward"). The five pillars are:

  • Fundamental Cash Engine: 18 / 20. Per the Roarable RQD rating, this pillar reflects ROIC of 22.7% and an FCF yield of 6.51%. This is the strongest pillar and the main upside driver in the rating.
  • Whale 13F Flow: 14 / 20. Per the Roarable RQD rating, this covers institutional accumulation and options positioning. The underlying 13F and options detail is not itemized in the source data.
  • Insider Conviction: 13 / 20. Per the Roarable RQD rating, this reflects SEC Form 4 and Congressional PTR cluster flow. Individual transactions are not itemized in the source data.
  • Macro Regime Fit: 13 / 20. Per the Roarable RQD rating, this reflects Beta of 1.0 and sector sensitivity.
  • Forensic Balance Sheet: 14 / 20. Per the Roarable RQD rating, this reflects Altman Z 2.87, Piotroski F 7/9, and Debt/Equity 0.5.

For a prospective investor evaluating the stock today, the rating points to cash generation and balance-sheet strength as the main supports. Valuation is the main tradeoff: per the market data, the stock trades at a P/E (TTM) of 94.7 and an EV/EBITDA of 37, which is high relative to its reported EPS of 0.19. The 52-week range of $8.53–$21.05 against a current price of 18.46 shows a wide trading band. Institutional and insider pillars are mid-range, indicating neither strong conviction nor clear weakness in the source data. These are analytical observations, not personalized advice.

Snapshot

PriceMarket CapP/E (TTM)Forward P/EEV/EBITDAEPS (TTM)Dividend YieldBeta52-Wk RangeROIC %
$18.46$833.0M94.788.1370.190%1.0$8.53 - $21.0522.7%

Financial Trend

PeriodRevenueOperating IncomeNet IncomeEPSFCFCashDebt
FY 2025$179.7M$16.8M$8.8MN/A$54.2M$175.1MN/A
FY 2024$172.1M$2.2M$3.3MN/A$30.2M$90.6MN/A
FY 2023$172.6M$15.6M$8.0MN/A$31.6MN/AN/A

Per the SEC financials, revenue was broadly flat across the three periods, while operating income rose to $16.8M in FY 2025 from $2.2M in FY 2024. Per the market data, operating margin is 9.3% and net margin is 4.9%. Per the Roarable RQD rating, ROIC is 22.7%, Altman Z-Score is 2.87, and Piotroski F-Score is 7/9. Per the Roarable RQD rating, Debt/Equity is 0.5. Per the SEC financials, cash rose to $175.1M in FY 2025 from $90.6M in FY 2024.

Open Questions

  • What are the company's specific products, customers, and revenue drivers? The source data does not describe them.
  • Why did FY 2024 operating income fall to $2.2M while revenue held near $172M, and what drove the rebound to $16.8M in FY 2025?
  • What are the EPS and debt figures for each reported period, which the financials table lists as N/A?
  • What do the institutional, options, and insider flows in the RQD pillars look like at the individual-transaction level?
  • What supply-chain relationships, if any, link MITK to upstream suppliers or downstream customers?

MITK Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Mitek Systems Inc. (MITK) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to MITK Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

MITK Bull vs. Bear Conversation Board — What's Your Call at $18.07?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON MITK 🐻 33% BEARISH CONVICTION
1. Pick Your Side on MITK:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
RO RoarDesk_Moderator Roarable Research Desk 🐂 BULLISH 🎯 Target: $21.78 (+18.0%)
📌 Pinned Debate

🔥 Official Bull vs. Bear Debate: Is MITK (B • RQD 72/100) a Buy at $18.46?

Welcome to the MITK (Mitek Systems Inc.) Roar Pit. Current RQD Composite is 72/100 (Roarable Buy — Good Risk/Reward) in Computer peripheral equipment. Bulls point to capital efficiency (22.7% ROIC), while bears focus on valuation multiple compression (94.7x trailing P/E). Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.

SK SkepticalCFA Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $14.21 (-23.0%)
Spot @ $18.46

Pump the brakes on MITK — check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on MITK, but look at what you are paying: 94.7x trailing P/E with tightening sector spreads. Unless Mitek Systems Inc. expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

DE DeltaGamma_99 Verified K Arena Trader 🐂 BULLISH 🎯 Target: $22.34 (+21.0%)
Spot @ $18.46

MITK cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on MITK, the market is fixating on short-term headline noise in Computer peripheral equipment and ignoring the balance sheet and cash flow trajectory. At $18.46 (52-wk range $8.53 - $21.05), any beat on forward guidance forces shorts and underweight funds to chase.

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