Alkami Technology, Inc. (ALKT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ALKT SEC filings page.
Alkami Technology, Inc. (ALKT) reported $443.6M in revenue for fiscal year 2025, up 32.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
Operating cash generation now precedes profitability, while FY2025’s balance-sheet expansion made the business far more liability-funded.
FY2025 generated operating cash flow of$42.9M against a net loss of$47.7M , so cash generation has moved ahead of reported earnings. Depreciation and amortization also rose to$26.9M from$10.5M in FY2024, indicating that noncash expense is an important bridge between loss and cash flow.
Gross margin slipped to
Liabilities rose
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Alkami Technology, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Alkami Technology, Inc. has an operating margin of -12.1%, meaning the company loses $12 on every $100 of revenue. This results in a profitability score of 29/100. This is up from -13.4% the prior year.
Alkami Technology, Inc.'s revenue surged 32.9% year-over-year to $443.6M, reflecting rapid business expansion. This strong growth earns a score of 89/100.
Alkami Technology, Inc.'s current ratio of 2.09 indicates adequate short-term liquidity, earning a score of 61/100. The company can meet its near-term obligations, though with limited headroom.
Alkami Technology, Inc. has a free cash flow margin of 9.3%, earning a moderate score of 45/100. The company generates positive cash flow after capital investments, but with room for improvement.
Alkami Technology, Inc. posts a -13.2% return on equity (ROE), meaning it loses $13 for every $100 of shareholders' equity. This results in a returns score of 33/100. This is down from -11.4% the prior year.
Alkami Technology, Inc. scores 1.71, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $523.9M against total assets of $847.2M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Alkami Technology, Inc. passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Alkami Technology, Inc. reported a net loss of $47.7M while generating $42.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Alkami Technology, Inc. reported an operating loss of $53.6M against $9.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Alkami Technology, Inc. generated $129.8M in revenue in Q2 2026. This represents an increase of 15.9% from the same quarter a year earlier.
Alkami Technology, Inc.'s EBITDA was $595K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative.
Alkami Technology, Inc. reported a net loss of $8.9M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Alkami Technology, Inc. earned -$0.08 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative.
Cash & Balance Sheet
Alkami Technology, Inc. held $45.5M in cash against $337.2M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Alkami Technology, Inc.'s gross margin was 56.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 1.7 percentage points from the same quarter a year earlier.
Alkami Technology, Inc.'s operating margin was -5.9% in Q2 2026, reflecting core business profitability. This is up 8.2 percentage points from the same quarter a year earlier.
Alkami Technology, Inc.'s net profit margin was -6.9% in Q2 2026, showing the share of revenue converted to profit. This is up 5.3 percentage points from the same quarter a year earlier.
Alkami Technology, Inc.'s quarterly ROE was -2.5% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 1.5 percentage points from the same quarter a year earlier.
Capital Allocation
Alkami Technology, Inc. invested $31.4M in research and development in Q2 2026. This represents an increase of 3.9% from the same quarter a year earlier.
Not reported for Q2 2026.
Not reported for Q2 2026.
ALKT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'26DEF 14A | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $129.8M+15.9% | N/A | N/A | $113.0M+31.5% | $112.1M+36.4% | N/A | $89.7M+25.6% | $85.9M+26.9% |
| Cost of Revenue | $56.0M+20.6% | N/A | N/A | $48.8M+38.3% | $46.4M+39.1% | N/A | $36.4M+16.0% | $35.3M+13.3% |
| Gross Profit | $73.8M+12.5% | N/A | N/A | $64.1M+26.7% | $65.6M+34.5% | N/A | $53.2M+33.2% | $50.6M+38.5% |
| R&D Expenses | $31.4M+3.9% | N/A | N/A | $30.1M+24.7% | $30.2M+26.4% | N/A | $25.3M+18.0% | $24.1M+10.9% |
| SG&A Expenses | $48.4M-2.3% | N/A | N/A | $45.0M+23.1% | $49.5M+31.8% | N/A | $36.1M+16.0% | $36.6M+20.9% |
| Operating Income | -$7.7Mn/m | N/A | N/A | -$12.9Mn/m | -$15.9Mn/m | N/A | -$8.6Mn/m | -$10.4Mn/m |
| EBITDA | $595Kn/m | N/A | N/A | -$4.9Mn/m | -$8.2Mn/m | N/A | -$6.0Mn/m | -$7.7Mn/m |
| Interest Expense | $2.1M-34.4% | N/A | N/A | $3.0M+1554.4% | $3.2M+4208.1% | N/A | $134K-92.8% | $180K-90.7% |
| Income Tax | -$212Kn/m | N/A | N/A | -$29Kn/m | -$4.3M-2422.2% | N/A | -$47Kn/m | -$19K-148.7% |
| Net Income | -$8.9Mn/m | -$47.7M | N/A | -$14.8Mn/m | -$13.6Mn/m | N/A | -$7.6Mn/m | -$9.4Mn/m |
| EPS (Basic) | -$0.08n/m | N/A | -$0.11n/m | -$0.14n/m | -$0.13n/m | N/A | -$0.07n/m | -$0.09n/m |
| EPS (Diluted) | -$0.08n/m | N/A | -$0.11n/m | -$0.14n/m | -$0.13n/m | N/A | -$0.07n/m | -$0.09n/m |
| Diluted Shares (Avg) | 107M+3.4% | N/A | N/A | 104M+4.9% | 103M+5.4% | N/A | N/A | 99M+5.0% |
ALKT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'26DEF 14A | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $831.1M-1.1% | N/A | $847.2M+93.8% | $835.2M+97.8% | $840.4M+108.1% | $837.2M+110.5% | $437.3M+9.4% | $422.2M-12.4% |
| Current Assets | $177.5M-0.2% | N/A | $187.2M+3.2% | $174.9M+3.5% | $177.8M+17.0% | $174.2M+19.6% | $181.4M+22.1% | $169.0M-27.4% |
| Cash & Equivalents | $45.5M-13.2% | N/A | $63.5M-32.7% | $57.3M-29.2% | $52.4M-14.7% | $61.7M+39.6% | $94.4M+130.6% | $81.0M+6.0% |
| Short-Term Investments | $0n/m | N/A | $0n/m | $0n/m | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% |
| Accounts Receivable | $56.7M+19.0% | N/A | $51.5M+32.9% | $50.7M+19.5% | $47.7M+22.4% | $46.8M+31.0% | $38.7M+9.1% | $42.4M+35.6% |
| Long-Term Investments | $0n/m | N/A | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $403.4M-0.1% | N/A | $403.4M+172.5% | $403.4M+172.5% | $403.8M+172.8% | $400.2M+170.3% | $148.1M0.0% | $148.1M0.0% |
| Total Liabilities | $468.4M-5.6% | N/A | $485.2M+504.6% | $485.1M+479.6% | $496.4M+547.4% | $503.1M+573.2% | $80.2M+7.2% | $83.7M-47.9% |
| Current Liabilities | $83.2M+25.3% | N/A | $89.5M+96.5% | $80.6M+67.9% | $66.4M+63.9% | $63.3M+70.2% | $45.6M+15.6% | $48.0M-2.3% |
| Non-Current Liabilities | $385.2M-10.4% | N/A | $395.6M+1040.9% | $404.4M+1034.4% | $430.0M+1089.3% | $439.8M+1071.0% | $34.7M-2.2% | $35.7M-68.0% |
| Long-Term Debt | $337.2M | N/A | N/A | N/A | N/A | N/A | $0n/m | N/A |
| Total Equity | $362.7M+5.4% | N/A | $362.0M+1.4% | $350.1M+3.4% | $344.0M+5.1% | $334.0M+3.4% | $357.0M+9.9% | $338.5M+5.2% |
| Retained Earnings | -$542.7Mn/m | N/A | -$523.9Mn/m | -$512.4Mn/m | -$497.6Mn/m | -$484.0Mn/m | -$476.2Mn/m | -$468.6Mn/m |
Not reported in any period shown, so not listed: Inventory.
ALKT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'26DEF 14A | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | $16.6M+171.7% | $30.8M+180.4% | N/A | N/A | $6.1Mn/m | $11.0M+251.2% |
| Depreciation & Amortization | $8.3M+7.8% | N/A | $7.9M+196.0% | $8.0M+196.3% | $7.7M+196.2% | N/A | $2.7M-4.9% | $2.7M0.0% |
| Stock-Based Compensation | $17.5M-10.4% | N/A | N/A | $20.7M+35.9% | $19.5M+30.0% | N/A | N/A | $15.3M+9.6% |
| Capital Expenditures | N/A | N/A | $386K+142.8% | $274K-10.2% | N/A | N/A | $159K-44.0% | $305K-14.6% |
| Free Cash Flow | N/A | N/A | $16.2M+172.5% | $30.5M+185.8% | N/A | N/A | $6.0Mn/m | $10.7M+285.5% |
| Investing Cash Flow | N/A | N/A | -$4.1Mn/m | -$1.1M-129.3% | N/A | N/A | -$3.0M-106.0% | $3.8Mn/m |
| Financing Cash Flow | N/A | N/A | -$6.3M-161.5% | -$24.8M-620.6% | N/A | N/A | $10.3Mn/m | $4.8Mn/m |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
ALKT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'26DEF 14A | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.9%-1.7pp | N/A | N/A | 56.8%-2.1pp | 58.6%-0.8pp | N/A | 59.4%+3.4pp | 58.9%+4.9pp |
| Operating Margin | -5.9%+8.2pp | N/A | N/A | -11.4%+0.7pp | -14.2%+1.9pp | N/A | -9.6%+8.7pp | -12.1%+11.2pp |
| Net Margin | -6.9%+5.3pp | N/A | N/A | -13.1%-2.1pp | -12.1%+2.9pp | N/A | -8.5%+9.3pp | -11.0%+11.9pp |
| Return on Equity | -2.5%+1.5pp | N/A | N/A | -4.2%-1.4pp | -4.0%-0.2pp | N/A | -2.1%+1.8pp | -2.8%+2.0pp |
| Return on Assets | -1.1%+0.5pp | N/A | N/A | -1.8%+0.5pp | -1.6%+1.4pp | N/A | -1.8%+1.4pp | -2.2%+1.0pp |
| Current Ratio | 2.13-0.5x | N/A | 2.09-1.9x | 2.17-1.3x | 2.68-1.1x | 2.75-1.2x | 3.98+0.2x | 3.52-1.2x |
| Debt-to-Equity | 0.93 | N/A | N/A | N/A | N/A | N/A | 0.000.0x | N/A |
| Liabilities-to-Equity | 1.29-0.2x | N/A | 1.34+1.1x | 1.39+1.1x | 1.44+1.2x | 1.51+1.3x | 0.220.0x | 0.25-0.3x |
| Asset Turnover | 0.160.0x | N/A | N/A | 0.14-0.1x | 0.13-0.1x | N/A | 0.200.0x | 0.20+0.1x |
| FCF Margin | N/A | N/A | N/A | 27.0%+14.6pp | N/A | N/A | 6.6%+14.5pp | 12.4%+8.3pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Alkami Technology, Inc. ALKT | FY2025 | $443.6M | -$47.7M | -10.7% | $1.7B | 50/100 |
| NCR Atleos Corporation NATL | FY2025 | $4.4B | $162.0M | 3.7% | $3.5B | 44/100 |
| Agilysys, Inc. AGYS | FY2026 | $319.3M | $38.8M | 12.2% | $3.4B | 71/100 |
| RINGCENTRAL, INC. RNG | FY2025 | $2.5B | $43.4M | 1.7% | $7.0B | 47/100 |
| Dave Inc. DAVE | FY2025 | $554.2M | $195.9M | 35.3% | $4.5B | 82/100 |
Where Alkami Technology, Inc. Ranks
Frequently Asked Questions
What is Alkami Technology, Inc.'s annual revenue?
Alkami Technology, Inc. (ALKT) reported $443.6M in total revenue for fiscal year 2025. This represents a 32.9% 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 32.9% year-over-year, from $333.8M to $443.6M in fiscal year 2025.
Is Alkami Technology, Inc. profitable?
No, Alkami Technology, Inc. (ALKT) reported a net loss of $47.7M in fiscal year 2025, with a net profit margin of -10.7%.
What is Alkami Technology, Inc.'s EBITDA?
Alkami Technology, Inc. (ALKT) had EBITDA of -$26.7M in fiscal year 2025, 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 57.8% in fiscal year 2025, 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 -12.1% in fiscal year 2025, 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 -10.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Alkami Technology, Inc.'s return on equity (ROE)?
Alkami Technology, Inc. (ALKT) has a return on equity of -13.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Alkami Technology, Inc.'s free cash flow?
Alkami Technology, Inc. (ALKT) generated $41.4M in free cash flow during fiscal year 2025. This represents a 137.7% 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 $42.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Alkami Technology, Inc.'s total assets?
Alkami Technology, Inc. (ALKT) had $847.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Alkami Technology, Inc.'s capital expenditures?
Alkami Technology, Inc. (ALKT) invested $1.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Alkami Technology, Inc. spend on research and development?
Alkami Technology, Inc. (ALKT) invested $118.4M in research and development during fiscal year 2025.
What is Alkami Technology, Inc.'s current ratio?
Alkami Technology, Inc. (ALKT) had a current ratio of 2.09 as of fiscal year 2025, which is generally considered healthy.
What is Alkami Technology, Inc.'s liabilities-to-equity ratio?
Alkami Technology, Inc. (ALKT) had a liabilities-to-equity ratio of 1.34 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is Alkami Technology, Inc.'s return on assets (ROA)?
Alkami Technology, Inc. (ALKT) had a return on assets of -5.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Alkami Technology, Inc.'s P/E ratio?
Alkami Technology, Inc. (ALKT) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $1.7B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Alkami Technology, Inc.'s price-to-sales ratio?
Alkami Technology, Inc. (ALKT) trades at 3.9x sales, its market capitalization divided by $443.6M revenue, FY2025. The market capitalization is $1.7B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Alkami Technology, Inc.'s Altman Z-Score?
Alkami Technology, Inc. (ALKT) has an Altman Z-Score of 1.71, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Alkami Technology, Inc.'s Piotroski F-Score?
Alkami Technology, Inc. (ALKT) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $47.7M while generating $42.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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) reported an operating loss of $53.6M against $9.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 50 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.