Alkami Technology, Inc. Financials

ALKT

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Alkami Technology, Inc. (ALKT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 65/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Alkami Technology, Inc. has an operating margin of -13.4%, meaning the company retains $-13 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -24.1% the prior year.

Growth

100

Alkami Technology, Inc.'s revenue surged 26.1% year-over-year to $333.8M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

100

Alkami Technology, Inc. carries a low D/E ratio of 0.22, meaning only $0.22 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 3.98, Alkami Technology, Inc. holds $3.98 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

Alkami Technology, Inc.'s free cash flow margin of 5.2% results in a low score of 26/100. Capital expenditures of $1.2M absorb a large share of operating cash flow.

Piotroski F-Score Neutral

6/9

Alkami Technology, Inc. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-0.46x

For every $1 of reported earnings, Alkami Technology, Inc. generates $-0.46 in operating cash flow ($18.6M OCF vs -$40.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-96.8x

Alkami Technology, Inc. earns $-96.8 in operating income for every $1 of interest expense (-$44.6M vs $461K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$333.8M

YoY+26.1%

5Y CAGR+35.3%

Alkami Technology, Inc. generated $333.8M in revenue in fiscal year 2024. This represents an increase of 26.1% from the prior year.

EBITDA

-$34.1M

YoY+35.7%

Alkami Technology, Inc.'s EBITDA was -$34.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 35.7% from the prior year.

Free Cash Flow

$17.4M

YoY+193.8%

Alkami Technology, Inc. generated $17.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 193.8% from the prior year.

Net Income

-$40.8M

YoY+35.1%

Alkami Technology, Inc. reported -$40.8M in net income in fiscal year 2024. This represents an increase of 35.1% from the prior year.

EPS (Diluted)

$-0.41

YoY+38.8%

Alkami Technology, Inc. earned $-0.41 per diluted share (EPS) in fiscal year 2024. This represents an increase of 38.8% from the prior year.

Cash & Debt

$94.4M

YoY+130.6%

5Y CAGR+51.1%

Alkami Technology, Inc. held $94.4M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

102M

YoY+5.5%

Alkami Technology, Inc. had 102M shares outstanding in fiscal year 2024. This represents an increase of 5.5% from the prior year.

Gross Margin

58.9%

YoY+4.5pp

5Y CAGR+17.5pp

Alkami Technology, Inc.'s gross margin was 58.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 4.5 percentage points from the prior year.

Operating Margin

-13.4%

YoY+10.7pp

5Y CAGR+44.5pp

Alkami Technology, Inc.'s operating margin was -13.4% in fiscal year 2024, reflecting core business profitability. This is up 10.7 percentage points from the prior year.

Net Margin

-12.2%

YoY+11.5pp

5Y CAGR+44.7pp

Alkami Technology, Inc.'s net profit margin was -12.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 11.5 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$96.2M

YoY+13.6%

5Y CAGR+24.1%

Alkami Technology, Inc. invested $96.2M in research and development in fiscal year 2024. This represents an increase of 13.6% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$1.2M

YoY+12.9%

5Y CAGR-20.2%

Alkami Technology, Inc. invested $1.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 12.9% from the prior year.

ALKT Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$333.8M+26.1%	$264.8M+29.6%	$204.3M+34.2%	$152.2M+35.7%	$112.1M+52.5%	$73.5M
Cost of Revenue	$137.2M+13.7%	$120.7M+25.8%	$95.9M+40.4%	$68.4M+29.0%	$53.0M+22.9%	$43.1M
Gross Profit	$196.6M+36.4%	$144.1M+33.0%	$108.3M+29.3%	$83.8M+41.7%	$59.2M+94.4%	$30.4M
R&D Expenses	$96.2M+13.6%	$84.7M+22.1%	$69.3M+42.1%	$48.8M+21.4%	$40.2M+22.9%	$32.7M
SG&A Expenses	$83.7M+14.7%	$72.9M+2.3%	$71.2M+41.4%	$50.4M+38.3%	$36.4M+46.2%	$24.9M
Operating Income	-$44.6M+29.9%	-$63.7M-10.4%	-$57.7M-34.4%	-$42.9M-22.3%	-$35.1M+17.5%	-$42.5M
Interest Expense	$461K-93.8%	$7.4M+91.8%	$3.9M+224.6%	$1.2M+142.5%	$489K+344.5%	$110K
Income Tax	$308K+600.0%	$44K+109.5%	-$461K-368.0%	$172K	$0	$0
Net Income	-$40.8M+35.1%	-$62.9M-7.4%	-$58.6M-25.2%	-$46.8M+8.8%	-$51.4M-22.7%	-$41.9M
EPS (Diluted)	$-0.41+38.8%	$-0.67-4.7%	$-0.64+12.3%	$-0.73	$-11.78-18.9%	$-9.91

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$113.0M+0.8%	$112.1M+14.5%	$97.8M+9.1%	$89.7M+9.1%	$82.2M+7.9%	$76.1M+6.7%	$71.4M+5.4%	$67.7M
Cost of Revenue	$48.8M+5.1%	$46.4M+15.9%	$40.1M+10.0%	$36.4M+9.2%	$33.4M+4.0%	$32.1M+2.1%	$31.4M+0.9%	$31.2M
Gross Profit	$64.1M-2.2%	$65.6M+13.6%	$57.8M+8.6%	$53.2M+9.1%	$48.8M+10.8%	$44.0M+10.2%	$39.9M+9.3%	$36.5M
R&D Expenses	$30.1M-0.5%	$30.2M+12.4%	$26.9M+6.1%	$25.3M+6.0%	$23.9M+4.8%	$22.8M+6.2%	$21.5M-1.2%	$21.8M
SG&A Expenses	$25.6M-1.5%	$26.0M+9.5%	$23.8M+10.2%	$21.6M+4.7%	$20.6M+6.7%	$19.3M+0.1%	$19.3M+5.5%	$18.3M
Operating Income	-$12.9M+18.8%	-$15.9M-3.0%	-$15.4M-78.5%	-$8.6M+34.7%	-$13.2M-6.8%	-$12.4M+5.6%	-$13.1M+17.0%	-$15.8M
Interest Expense	$3.0M-6.6%	$3.2M+298.0%	$801K+497.8%	$134K+81.1%	$74K+1.4%	$73K-96.1%	$1.9M-3.2%	$1.9M
Income Tax	-$29K+99.3%	-$4.3M+41.0%	-$7.3M-15400.0%	-$47K-125.4%	$185K-2.1%	$189K+167.7%	-$279K-815.4%	$39K
Net Income	-$14.8M-8.9%	-$13.6M-73.9%	-$7.8M-2.3%	-$7.6M+37.9%	-$12.3M-7.7%	-$11.4M+10.1%	-$12.7M+17.9%	-$15.5M
EPS (Diluted)	$-0.14-7.7%	$-0.13-62.5%	$-0.08-14.3%	$-0.07+46.2%	$-0.13-8.3%	$-0.12+14.3%	$-0.14+12.5%	$-0.16

ALKT Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$437.3M+9.4%	$399.8M-18.2%	$488.9M+12.0%	$436.5M+75.2%	$249.2M	N/A
Current Assets	$181.4M+22.1%	$148.6M-38.6%	$242.2M-29.8%	$345.2M+78.6%	$193.2M	N/A
Cash & Equivalents	$94.4M+130.6%	$40.9M-62.4%	$108.7M-64.8%	$308.6M+85.0%	$166.8M+1292.0%	$12.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$38.7M+9.1%	$35.5M+35.3%	$26.2M+26.1%	$20.8M+47.6%	$14.1M	N/A
Goodwill	$148.1M0.0%	$148.1M0.0%	$148.0M+207.8%	$48.1M+196.5%	$16.2M	N/A
Total Liabilities	$80.2M+7.2%	$74.9M-51.6%	$154.8M+68.5%	$91.9M-82.1%	$512.7M	N/A
Current Liabilities	$45.6M+15.6%	$39.4M-5.2%	$41.6M+25.4%	$33.2M+62.1%	$20.5M	N/A
Long-Term Debt	N/A	$0-100.0%	$81.4M+253.1%	$23.1M-6.2%	$24.6M	N/A
Total Equity	$357.0M+9.9%	$324.9M-2.7%	$334.0M-3.1%	$344.6M+230.8%	-$263.5M-34.9%	-$195.4M
Retained Earnings	-$476.2M-9.4%	-$435.4M-16.9%	-$372.5M-18.7%	-$313.9M-19.1%	-$263.5M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$835.2M-0.6%	$840.4M+0.4%	$837.2M+91.4%	$437.3M+8.3%	$403.9M+1.6%	$397.6M-0.5%	$399.8M-17.1%	$482.2M
Current Assets	$174.9M-1.7%	$177.8M+2.1%	$174.2M-3.9%	$181.4M+19.4%	$152.0M+4.3%	$145.6M-2.0%	$148.6M-36.1%	$232.7M
Cash & Equivalents	$57.3M+9.3%	$52.4M-15.0%	$61.7M-34.7%	$94.4M+53.6%	$61.4M+39.1%	$44.2M+7.9%	$40.9M-46.4%	$76.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$50.7M+6.3%	$47.7M+1.9%	$46.8M+20.8%	$38.7M-0.5%	$39.0M+9.1%	$35.7M+0.6%	$35.5M+13.5%	$31.3M
Goodwill	$403.4M-0.1%	$403.8M+0.9%	$400.2M+170.3%	$148.1M0.0%	$148.1M0.0%	$148.1M0.0%	$148.1M0.0%	$148.1M
Total Liabilities	$485.1M-2.3%	$496.4M-1.3%	$503.1M+527.0%	$80.2M+4.7%	$76.7M+2.6%	$74.7M-0.2%	$74.9M-53.4%	$160.5M
Current Liabilities	$80.6M+21.4%	$66.4M+4.9%	$63.3M+38.9%	$45.6M+12.5%	$40.5M+9.0%	$37.2M-5.7%	$39.4M-19.8%	$49.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$76.1M
Total Equity	$350.1M+1.8%	$344.0M+3.0%	$334.0M-6.4%	$357.0M+9.1%	$327.2M+1.3%	$322.9M-0.6%	$324.9M+1.0%	$321.7M
Retained Earnings	-$512.4M-3.0%	-$497.6M-2.8%	-$484.0M-1.6%	-$476.2M-3.7%	-$459.1M-2.8%	-$446.8M-2.6%	-$435.4M-3.0%	-$422.7M

ALKT Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$18.6M+206.3%	-$17.5M+54.0%	-$38.0M-31.4%	-$29.0M+24.1%	-$38.1M+2.4%	-$39.1M
Capital Expenditures	$1.2M+12.9%	$1.1M+0.1%	$1.1M-5.6%	$1.1M-47.8%	$2.1M-41.8%	$3.7M
Free Cash Flow	$17.4M+193.8%	-$18.6M+52.5%	-$39.1M-30.0%	-$30.1M+25.3%	-$40.3M+5.8%	-$42.8M
Investing Cash Flow	$23.0M-32.1%	$33.9M+115.2%	-$223.8M-916.0%	-$22.0M+19.1%	-$27.2M-637.9%	-$3.7M
Financing Cash Flow	$11.8M+113.4%	-$87.8M-243.5%	$61.2M-68.2%	$192.3M-14.6%	$225.0M+645.3%	$30.2M
Dividends Paid	N/A	$0	$0-100.0%	$5.0M	$0	$0
Share Buybacks	N/A	$0	$0-100.0%	$3.5M+9.0%	$3.2M	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$30.8M+2562.7%	$1.2M+120.4%	-$5.7M-192.7%	$6.1M+1015.1%	$548K-42.4%	$951K+117.9%	-$5.3M-269.6%	$3.1M
Capital Expenditures	$274K-31.0%	$397K-18.1%	$485K+205.0%	$159K-62.6%	$425K+38.9%	$306K+7.7%	$284K-20.4%	$357K
Free Cash Flow	$30.5M+3917.5%	$760K+112.4%	-$6.1M-203.3%	$6.0M+4739.0%	$123K-80.9%	$645K+111.5%	-$5.6M-301.7%	$2.8M
Investing Cash Flow	-$1.1M+62.5%	-$2.9M+99.2%	-$389.4M-12858.8%	-$3.0M-119.4%	$15.5M+127.2%	$6.8M-86.5%	$50.3M+409.1%	-$16.3M
Financing Cash Flow	-$24.8M-233.3%	-$7.4M-102.1%	$362.4M+3419.3%	$10.3M+731.7%	$1.2M+127.5%	-$4.5M+94.6%	-$83.0M-10529.7%	-$781K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ALKT Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	58.9%+4.5pp	54.4%+1.4pp	53.0%-2.0pp	55.1%+2.3pp	52.8%+11.4pp	41.4%
Operating Margin	-13.4%+10.7pp	-24.1%+4.2pp	-28.2%-0.0pp	-28.2%+3.1pp	-31.3%+26.5pp	-57.8%
Net Margin	-12.2%+11.5pp	-23.8%+4.9pp	-28.7%+2.1pp	-30.8%+15.0pp	-45.8%+11.1pp	-56.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-9.3%+6.4pp	-15.7%-3.8pp	-12.0%-1.3pp	-10.7%+9.9pp	-20.6%	N/A
Current Ratio	3.98+0.2	3.77-2.1	5.82-4.6	10.40+1.0	9.43	N/A
Debt-to-Equity	0.22+0.2	0.00-0.2	0.24+0.2	0.07+0.2	-0.09	N/A
FCF Margin	5.2%+12.2pp	-7.0%+12.1pp	-19.1%+0.6pp	-19.8%+16.2pp	-35.9%+22.2pp	-58.2%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	56.8%-1.8pp	58.6%-0.5pp	59.0%-0.3pp	59.4%0.0pp	59.4%+1.5pp	57.8%+1.9pp	56.0%+2.0pp	54.0%
Operating Margin	-11.4%+2.8pp	-14.2%+1.6pp	-15.7%-6.1pp	-9.6%+6.5pp	-16.1%+0.2pp	-16.2%+2.1pp	-18.4%+5.0pp	-23.3%
Net Margin	-13.1%-1.0pp	-12.1%-4.1pp	-8.0%+0.5pp	-8.5%+6.5pp	-15.0%+0.0pp	-15.0%+2.8pp	-17.8%+5.0pp	-22.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-1.8%-0.2pp	-1.6%-0.7pp	-0.9%+0.8pp	-1.8%+1.3pp	-3.0%-0.2pp	-2.9%+0.3pp	-3.2%+0.0pp	-3.2%
Current Ratio	2.17-0.5	2.68-0.1	2.75-1.2	3.98+0.2	3.75-0.2	3.92+0.1	3.77-1.0	4.73
Debt-to-Equity	1.39-0.1	1.44-0.1	1.51+1.3	0.220.0	0.230.0	0.23+0.2	0.00-0.2	0.24
FCF Margin	27.0%+26.4pp	0.7%+7.0pp	-6.3%-12.9pp	6.6%+6.5pp	0.1%-0.7pp	0.9%+8.7pp	-7.8%-11.9pp	4.1%

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Frequently Asked Questions

What is Alkami Technology, Inc.'s annual revenue?

Alkami Technology, Inc. (ALKT) reported $333.8M in total revenue for fiscal year 2024. This represents a 26.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Alkami Technology, Inc.'s revenue growing?

Alkami Technology, Inc. (ALKT) revenue grew by 26.1% year-over-year, from $264.8M to $333.8M in fiscal year 2024.

Is Alkami Technology, Inc. profitable?

No, Alkami Technology, Inc. (ALKT) reported a net income of -$40.8M in fiscal year 2024, with a net profit margin of -12.2%.

What is Alkami Technology, Inc.'s earnings per share (EPS)?

Alkami Technology, Inc. (ALKT) reported diluted earnings per share of $-0.41 for fiscal year 2024. This represents a 38.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Alkami Technology, Inc.'s EBITDA?

Alkami Technology, Inc. (ALKT) had EBITDA of -$34.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Alkami Technology, Inc.'s gross margin?

Alkami Technology, Inc. (ALKT) had a gross margin of 58.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Alkami Technology, Inc.'s operating margin?

Alkami Technology, Inc. (ALKT) had an operating margin of -13.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Alkami Technology, Inc.'s net profit margin?

Alkami Technology, Inc. (ALKT) had a net profit margin of -12.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Alkami Technology, Inc.'s free cash flow?

Alkami Technology, Inc. (ALKT) generated $17.4M in free cash flow during fiscal year 2024. This represents a 193.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Alkami Technology, Inc.'s operating cash flow?

Alkami Technology, Inc. (ALKT) generated $18.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Alkami Technology, Inc.'s total assets?

Alkami Technology, Inc. (ALKT) had $437.3M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Alkami Technology, Inc.'s capital expenditures?

Alkami Technology, Inc. (ALKT) invested $1.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Alkami Technology, Inc. spend on research and development?

Alkami Technology, Inc. (ALKT) invested $96.2M in research and development during fiscal year 2024.

How many shares does Alkami Technology, Inc. have outstanding?

Alkami Technology, Inc. (ALKT) had 102M shares outstanding as of fiscal year 2024.

What is Alkami Technology, Inc.'s current ratio?

Alkami Technology, Inc. (ALKT) had a current ratio of 3.98 as of fiscal year 2024, which is generally considered healthy.

What is Alkami Technology, Inc.'s debt-to-equity ratio?

Alkami Technology, Inc. (ALKT) had a debt-to-equity ratio of 0.22 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Alkami Technology, Inc.'s return on assets (ROA)?

Alkami Technology, Inc. (ALKT) had a return on assets of -9.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Alkami Technology, Inc.'s Piotroski F-Score?

Alkami Technology, Inc. (ALKT) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Alkami Technology, Inc.'s earnings high quality?

Alkami Technology, Inc. (ALKT) has an earnings quality ratio of -0.46x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Alkami Technology, Inc. cover its interest payments?

Alkami Technology, Inc. (ALKT) has an interest coverage ratio of -96.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Alkami Technology, Inc.?

Alkami Technology, Inc. (ALKT) scores 65 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.