Q3 25 EPS
$-0.14
MISS 216.28%
Est. $0.12
Q3 25 Revenue
$113.0M
MISS 0.46%
Est. $113.5M
vs S&P Since Q3 25
-26.8%
TRAILING MARKET
ALKT -19.3% vs S&P +7.5%
Market Reaction
Did ALKT Beat Earnings? Q3 2025 Results
Alkami Technology posted a mixed third quarter for fiscal 2025, delivering robust top-line growth but falling short on both earnings and revenue expectations. The digital banking software provider reported revenue of $112.95 million, up 31.5% year-ov… Read more Alkami Technology posted a mixed third quarter for fiscal 2025, delivering robust top-line growth but falling short on both earnings and revenue expectations. The digital banking software provider reported revenue of $112.95 million, up 31.5% year-over-year yet narrowly missing the $113.48 million consensus by 0.46%, while its GAAP loss per share of $0.14 fell well short of the $0.12 analyst estimate, a miss of 216.28% that reflected wider net losses tied to elevated operating expenses following the MANTL acquisition completed earlier this year. That deal, alongside new client wins and expanding user monetization, was the primary engine behind the strong revenue growth, with annual recurring revenue climbing 31% to $449.00 million and revenue per registered user rising 19% to $20.83. On a more encouraging note, Adjusted EBITDA nearly doubled to $15.96 million, exceeding internal targets by 18% and signaling improving profitability at scale. Looking ahead, management guided Q4 revenue of $119.60 million to $121.10 million, with full-year 2025 revenue expected between $442.50 million and $444.00 million, underscoring continued confidence in client expansion and ARPU growth.
Key Takeaways
- • MANTL acquisition contributed to 31% ARR growth
- • Record 13 new financial institution launches in Q3, including six banks
- • 10 new digital banking platform clients signed in Q3
- • Registered users grew 11% YoY to 21.6 million
- • Revenue per registered user grew 19% YoY to $20.83
- • Net dollar retention of 113% as of 12/31/24
- • 96% subscription revenue mix
- • Adjusted EBITDA outperformed target by 18%
- • Non-GAAP gross margin expanded to 63.7% from 62.8% YoY
- • 2025 churn less than 1% vs long-term modeled 2-3%
ALKT YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
“We are very pleased to report strong financial performance for the third quarter, with solid revenue growth and continued expansion of Adjusted EBITDA. We are particularly excited about the successful launch of 13 new financial institutions - including six banks - in the third quarter, a record for Alkami.”
— Alex Shootman, Q3 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% |