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Alkami Technology

ALKT Q4 2025 Earnings

Reported Feb 25, 2026 at 4:13 PM ET · SEC Source

Q4 25 EPS

$-0.11

MISS 177.68%

Est. $0.14

Q4 25 Revenue

$120.8M

BEAT +0.54%

Est. $120.1M

vs S&P Since Q4 25

+1.6%

BEATING MARKET

ALKT +7.3% vs S&P +5.8%

Full Year 2025 Results

FY 25 EPS

$-0.46

MISS 188.26%

Est. $0.52

FY 25 Revenue

$443.6M

BEAT +0.14%

Est. $443.0M

Market Reaction

Did ALKT Beat Earnings? Q4 2025 Results

Alkami Technology posted a mixed fourth quarter for fiscal 2025, delivering a clean revenue beat while falling well short on the bottom line. The digital banking platform provider reported Q4 revenue of $120.79 million, edging past the $120.17 millio… Read more Alkami Technology posted a mixed fourth quarter for fiscal 2025, delivering a clean revenue beat while falling well short on the bottom line. The digital banking platform provider reported Q4 revenue of $120.79 million, edging past the $120.17 million consensus estimate by 0.51% and marking a robust 34.7% year-over-year increase, fueled in large part by the MANTL acquisition and a record new logo quarter that saw 16 digital banking platform clients signed, the company's best such performance in four years. On the earnings line, however, Alkami reported a loss of $0.11 per share, missing the consensus estimate of $0.14 by 177.96%, as higher operating expenses tied to acquisition integration and growth investments weighed on GAAP results. Adjusted EBITDA nearly doubled year-over-year to $19.14 million, offering investors a cleaner picture of underlying profitability progress. The company's recent Nacha Preferred Partner designation adds further credibility to its compliance and payments capabilities. Looking ahead, Alkami guided full-year 2026 revenue of $525.5 million to $530.5 million, with Adjusted EBITDA expected between $93.5 million and $97.5 million.

Key Takeaways

  • • MANTL acquisition contributing to revenue and ARR growth
  • • New client wins - 39 new logos in 2025 including 11 banks; best new logo Q4 in four years
  • • Existing client user growth adding 2.4 million registered users in 2025
  • • RPU expansion of 20% year-over-year to $21.44 driven by product penetration
  • • Net dollar retention of 115%
  • • Digital banking ARR churn less than 1%

ALKT Forward Guidance & Outlook

For Q1 2026, Alkami guides GAAP total revenue of $124.7 million to $125.7 million and Adjusted EBITDA of $21.1 million to $21.9 million. For full-year 2026, the company guides GAAP total revenue of $525.5 million to $530.5 million and Adjusted EBITDA of $93.5 million to $97.5 million. The long-term framework targets gross margins approaching 70% by 2030, approximately 300 basis points of annual Adjusted EBITDA margin expansion from 2026 to 2030, and Rule of 45 by 2030.

24/7 Wall St

ALKT YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

“In the fourth quarter, we continued to deliver strong growth and enhanced profitability, with revenue growth of 35% and Adjusted EBITDA of $19.1 million. This capped a year that saw revenue growth of 33% and Adjusted EBITDA of more than double that of 2024. We also continued to expand our client portfolio, signing an additional 39 new logos in the year, including 11 banks, and our fourth quarter was our best new logo quarter in four years.”

— Alex Shootman, Q4 2025 Earnings Press Release

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