Q1 25 EPS
$-0.08
MISS 192.06%
Est. $0.09
Q1 25 Revenue
$97.8M
BEAT +3.66%
Est. $94.4M
vs S&P Since Q1 25
-71.5%
TRAILING MARKET
ALKT -40.2% vs S&P +31.3%
Market Reaction
Did ALKT Beat Earnings? Q1 2025 Results
Alkami Technology posted a mixed first quarter for 2025, delivering a revenue beat but a notable earnings miss as acquisition activity reshaped the company's financial profile. Revenue climbed 28.5% year-over-year to $97.83 million, topping the $94.3… Read more Alkami Technology posted a mixed first quarter for 2025, delivering a revenue beat but a notable earnings miss as acquisition activity reshaped the company's financial profile. Revenue climbed 28.5% year-over-year to $97.83 million, topping the $94.38 million consensus estimate by 3.66%, while the company reported a loss per share of $0.08, falling well short of the $0.09 consensus by 192.06%. The gap was largely driven by $2.38 million in acquisition-related expenses tied to the closing of the MANTL deal on March 17, 2025, which added omnichannel account-opening capabilities to Alkami's digital banking platform and contributed $1.40 million in first-quarter revenue. Annual recurring revenue grew 33% year-over-year to $403.88 million, underscoring durable demand from the company's 278 platform clients. Looking ahead, management guided full-year 2025 revenue of $443.00 million to $447.00 million and Adjusted EBITDA of $49.50 million to $52.50 million, with MANTL expected to become Adjusted EBITDA accretive in 2026.
Key Takeaways
- • 28.5% revenue growth driven by new clients, existing client user growth, and ARPU growth
- • ARR grew 33% to $404 million
- • Registered users grew 13% to 20.5 million
- • RPU increased 18% to $19.74
- • Non-GAAP gross margin expanded to 64.3% from 61.7%
- • Adjusted EBITDA more than tripled to $12.1 million from $3.8 million
- • Net dollar retention of 113%
- • LTM churn less than 1%
- • 95% subscription revenue mix
- • Remaining performance obligation of $1.6 billion, up 31% year-over-year
ALKT YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
“In the first quarter, we delivered another outstanding quarter of strong revenue growth and profitability, with revenue growth of 28.5% and Adjusted EBITDA of $12.1 million. We exited Q1 with 20.5 million users on the Alkami platform, up 2.3 million compared to the year-ago quarter, and we continued to lead the industry in market share gains.”
— Alex Shootman, Q1 2025 Earnings Press Release
ALKT Earnings Trends
ALKT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ALKT EPS Trend
Earnings per share: estimate vs actual
ALKT Revenue Trend
Quarterly revenue: estimate vs actual
ALKT Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | — | — | — | — |
| Q1 26 | — | — | — | — | — |
| Q4 25 MISS FY | $0.14 | $-0.11 | -177.68% | $120.8M | +0.54% |
| FY Full Year | $0.52 | $-0.46 | -188.26% | $443.6M | +0.14% |
| Q3 25 MISS | $0.12 | $-0.14 | -216.28% | $113.0M | -0.46% |
| Q2 25 MISS | $0.08 | $-0.13 | -267.53% | $112.1M | +2.02% |
| Q1 25 MISS | $0.09 | $-0.08 | -192.06% | $97.8M | +3.66% |