S&P 500
7,633.20
+0.31%
Dow Jones
53,893.00
+1.14%
Nasdaq 100
29,106.20
+0.99%
Russell 2000
2,995.41
+0.37%
FTSE 100
10,904.40
+0.20%
Nikkei 225
64,309.90
+1.28%
Alkami Technology

Alkami Technology (ALKT) Q4 2025 Earnings

Reported Jul 29, 2026 at 4:07 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

+5.3%

BEATING MARKET

ALKT +9.4% vs S&P +4.1%

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 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… Read more 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

ALKT 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.

24/7 Wall St

ALKT YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

“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.”

— Alex Shootman, Q4 2025 Earnings Press Release

Back to ALKT Stock Page