Companies /Technology

Alkami Technology Inc

NASDAQ: ALKT Software - Application
$20.35
â–² $0.00 (+0.00%) today
Markets closed · 1:51am ET

Q4 2025 Earnings

Reported Feb 25, 2026, 4:13pm ET · SEC source
$-0.11
Miss −177.68%
EPS · est. $0.14
$120.8M
Beat +0.54%
Revenue · est. $120.1M
+8.1%
Beating market
ALKT vs S&P since report
4 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
−12%−6%0+6%Feb 25Feb 26report 4:13pm ETearnings−1.0%−3.3%
−12%−6%0+6%Feb 25Feb 26earnings−1.0%−3.3%
ALKT −3.3%S&P 500 −1.0%
−12%−6%0+6%Feb 25Feb 26report 4:13pm ETearnings−1.6%−3.3%
−12%−6%0+6%Feb 25Feb 26earnings−1.6%−3.3%
ALKT −3.3%NASDAQ −1.6%
0+8%+16%Feb 24Mar 5report 4:13pm ETearnings−1.9%+14.7%
0+8%+16%Feb 24Mar 5earnings−1.9%+14.7%
ALKT +14.7%S&P 500 −1.9%
0+8%+16%Feb 24Mar 5report 4:13pm ETearnings−1.5%+14.7%
0+8%+16%Feb 24Mar 5earnings−1.5%+14.7%
ALKT +14.7%NASDAQ −1.5%
−4.52%
Day of report
+5.85%
Next session
+5.57%
One week
−0.19%
30 days

S&P 500 over the same 30 days: −8.32%.

Did ALKT Beat Earnings? Q4 2025 Results

Alkami Technology posted a solid second quarter, with revenue of $129.84 million beating consensus estimates by 0.89% and growing 15.9% year-over-year, as the digital banking software provider continued to expand its client base amid ongoing activist pressure from investors pushing for a strategic review. The company added 5 new digital banking platform clients during the quarter and ended the period with 313 total clients, while registered users climbed 13% to 23.6 million, underscoring steady platform adoption. Adjusted EBITDA surged to $19.35 million from $11.92 million a year ago, representing nearly 430 basis points of margin expansion, though GAAP gross margin narrowed to 56.8% from 58.6%, partly reflecting elevated third-party and temporary database costs. Annual recurring revenue reached $511.68 million, up 21% year-over-year, signaling durable subscription momentum. Looking ahead, management guided Q3 revenue of $132.70 million to $134.20 million and full-year revenue of $528.00 million to $531.00 million, with the company targeting a "Rule of 45" financial profile and gross margins approaching 70% by 2030.

Key Takeaways
  • New client implementations driving registered user growth of 13% YoY to 23.6 million
  • ARR growth of 21% YoY to $511.7 million
  • Revenue per registered user growth of 7% YoY to $21.69 driven by product penetration and cross-sell
  • Net dollar retention of 115%
  • Adjusted EBITDA margin expansion of nearly 430 basis points YoY
  • 37 new digital banking logos signed over the last 12 months, including 15 banks

“Our second quarter results reflected continued client and product expansion, with revenue growth and Adjusted EBITDA ahead of expectations. Demand for modern digital solutions remains robust, with 37 new digital banking logos over the last 12 months, including 15 banks, and a strong pipeline in the second half of 2026. In the second quarter, we brought live another five clients on our Digital Sales and Service Platform, enabling these clients to deepen relationships, deliver modern experiences and drive growth by connecting financial services ecosystems.”

Alkami Technology CEO, on the earnings call

Forward Guidance & Outlook

For Q3 2026, Alkami guided GAAP total revenue in the range of $132.7 million to $134.2 million and Adjusted EBITDA in the range of $23.5 million to $24.3 million. For full-year 2026, the company guided GAAP total revenue of $528.0 million to $531.0 million and Adjusted EBITDA of $96.0 million to $98.0 million. The long-term financial framework targets gross margins approaching 70% by 2030, approximately 300 basis points of annual adjusted EBITDA margin expansion from 2026 to 2030, and a 'Rule of 45' profile by 2030.

ALKT YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$40.0M$80.0M$120.0M$112.1M$129.8MRevenue$65.6M$73.8MGross Profit$-5,088,160$-7,705,000Operating Income$-6,616,117$-8,900,000Net Income
$0$40.0M$80.0M$120.0MRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.