Welcome to our dedicated page for Alkami Technology news (Ticker: ALKT), a resource for investors and traders seeking the latest updates and insights on Alkami Technology stock.
Alkami Technology, Inc. (ALKT) delivers cloud-based digital banking solutions that empower financial institutions to modernize their services. This page provides investors and industry professionals with direct access to official company announcements and market-relevant developments.
Track Alkami's latest press releases, including platform enhancements, strategic partnerships, and financial performance updates. Our curated collection ensures timely access to earnings reports, product innovation announcements, and cybersecurity initiatives critical for evaluating the company's position in the fintech sector.
Key focus areas include cloud platform upgrades, data analytics advancements, and compliance-related developments. Users will find updates on digital account opening solutions, mobile banking features, and integrations supporting financial institutions' operational efficiency.
Bookmark this page for streamlined monitoring of Alkami's progress in transforming digital banking experiences. Return regularly to stay informed about new service launches, executive leadership updates, and industry recognition that shapes the company's market trajectory.
Alkami Technology reported strong Q1 2025 financial results, with total revenue reaching $97.8 million, up 28.5% year-over-year. The cloud-based digital banking solutions provider improved its GAAP gross margin to 59.0% and reduced net loss to $7.8 million from $11.4 million in the previous year.
Key highlights include:
- 20.5 million users on the Alkami platform (2.3 million increase)
- Annual recurring revenue of $404 million (33% growth)
- Revenue per user of $19.74 (18% increase)
- Adjusted EBITDA of $12.1 million
The company completed its MANTL acquisition on March 17, 2025, expecting it to boost revenue growth and gross margins. Additionally, CFO Bryan Hill announced his planned retirement, with a transition period until February 2026. For full-year 2025, Alkami projects revenue between $443.0-447.0 million and Adjusted EBITDA of $49.5-52.5 million.
Alkami Technology (Nasdaq: ALKT) has announced that Illinois-based NuMark Credit Union has selected Alkami's Digital Banking Platform to enhance its online and mobile banking services. The partnership aims to provide improved digital experiences for both retail and business banking members.
The implementation includes comprehensive online banking and ACH capabilities, featuring an intuitive interface. NuMark will also integrate Alkami Data & Marketing Solutions for advanced analytics and personalization. The platform's API and SDK integrations will enable NuMark to connect with third-party fintech providers, expanding their financial product offerings.
The partnership focuses on delivering seamless, personalized experiences and enhanced business banking capabilities. Notably, Alkami has received J.D. Power certification in 2024 and 2025 for providing "An Outstanding Mobile Banking Platform Experience."
Alkami Technology (Nasdaq: ALKT), a cloud-based digital banking solutions provider, has scheduled its first quarter 2025 financial results announcement for Wednesday, April 30, 2025, after market close. The company will host a conference call at 5:00 p.m. ET on the same day to discuss the Q1 2025 results.
Investors can access the earnings discussion through a live webcast on Alkami's investor relations website at investors.alkami.com. Additionally, participants can join via phone using the domestic dial-in number 1-800-836-8184 or international number 1-646-357-8785 with conference code 04175.
Alkami Technology (Nasdaq: ALKT) and Cornerstone Advisors have released the 2025 Digital Banking Performance Metrics Report, analyzing data from banks and credit unions with average assets of $4.7 billion. The sixth annual report reveals increasing parity in digital banking performance across the industry, shifting from traditional performance tiers to a percentile-based benchmarking framework.
Key findings from 2024 data show:
- 61% growth in financial institutions providing live chat metrics since 2022
- Bill pay adoption increased to 35% from 29%
- P2P payment users reached 34% of digital banking users, up 8 percentage points
- Digital checking account openings rose to 21% from 16%
- Monthly mobile payment transactions increased by 23%
Alkami Technology (NASDAQ: ALKT) has announced the winners of its annual FIsionaries™ Awards, recognizing innovative financial institutions in digital banking excellence. The 2025 awards, part of Alkami Co:lab programming and hosted by Jim Marous, highlight achievements in digital transformation, data strategy, culture, and user experience.
The winners include:
- Quontic Bank (New York City) for digital transformation, featuring their tap-to-pay debit ring
- Connexus Credit Union (Wisconsin) for data strategy and execution
- Nymeo Federal Credit Union (Maryland) for transformational culture
- Kennebec Savings Bank (Maine) for user experience excellence
The FIsionaries podcast, sponsored by Alkami, showcases how regional and community financial institutions leverage technology and data-driven strategies to compete with larger industry players.
Alkami Technology (Nasdaq: ALKT) unveiled its Digital Sales & Service Platform at its 2025 Co:lab conference, positioning itself to create the industry's premier digital banking solution. The platform consists of three key solutions:
- Onboarding & Account Opening Solution through MANTL acquisition
- Digital Banking Solution (awarded 'Best Banking App' by Tearsheet in 2024)
- Data & Marketing Solution featuring 50,000 data tags and AI predictive models
The platform enables financial institutions to onboard, engage, and grow their account base across all channels and segments. Notably, Alkami's Mobile App Platform received J.D. Power certification for 'Outstanding Mobile Banking Platform Experience' for the second consecutive year, ranking in the top 20% for user satisfaction and UX practices across 162 operational benchmarks.
Alkami Technology (Nasdaq: ALKT) has released research findings on fraud prevention and data protection in digital banking. The study reveals that fraud losses reached $12.5 billion in 2024, marking a 25% increase from 2023. 77% of financial institutions anticipate record-high fraud cases in 2025, with 33% acknowledging the need for enhanced security measures.
Key findings show that 67% of banks and credit unions would consider incentivizing customers to adopt stronger cybersecurity practices. The research also indicates that 93% of digital banking Americans prioritize protection from financial fraudsters and hackers, while 91% value protection from unauthorized third parties.
Alkami Technology (Nasdaq: ALKT) has partnered with Greenlight Financial Technology to integrate youth banking solutions into its digital banking platform. The collaboration enables Alkami's client institutions to offer Greenlight's family finance application, which includes debit cards and money management tools for kids and teens.
The integration provides features such as parental controls, chore tracking, and Greenlight's Level Up™ financial education game. Parents can monitor transactions, automate allowances, and track spending directly through Alkami's Mobile Banking Platform. The partnership aims to help financial institutions grow deposits while providing families with tools for teaching financial responsibility.
Valley Strong Credit Union has already implemented the integrated solution, offering their members access to Greenlight's youth banking tools through their mobile banking experience. Greenlight will showcase these capabilities at Alkami's upcoming Co:lab conference in Nashville from March 31 – April 2, 2025.
Alkami Technology (Nasdaq: ALKT) announced that its clients using BioCatch's fraud prevention solutions through the Alkami Digital Banking Platform prevented over $54 million in fraudulent transactions in 2024. The partnership leverages BioCatch's Account Takeover Protection, which analyzes users' digital behaviors in real-time, including mouse movements, typing patterns, and scroll patterns.
The system operates in the background, strengthening security without disrupting user experience by detecting suspicious activities such as keyboard shortcuts, remote access tools, and developer console usage. Gate City Bank reported immediate positive results, with the technology enhancing their defenses through continuous learning and adaptation to customer behavior.
BioCatch's solution helps financial institutions distinguish legitimate users from fraudsters by analyzing behavioral, device, and network signals in real-time, addressing the growing challenge of cybercriminals using stolen credentials and social engineering tactics.
Alkami Technology (Nasdaq: ALKT) has announced the pricing of $300 million convertible senior notes due 2030 in a private offering to qualified institutional buyers. The notes will carry a 1.50% annual interest rate, payable semi-annually, with an initial conversion price of $32.82 per share, representing a 37.5% premium over the last reported share price of $23.87.
The company estimates net proceeds of approximately $290.3 million, which will be used to fund capped call transactions ($29.5 million) and the pending acquisition of MANTL. The notes will mature on March 15, 2030, with noteholders having conversion rights under certain conditions. Alkami will have the option to settle conversions through cash, common stock, or a combination of both.
The company has also entered into capped call transactions to reduce potential dilution and offset potential cash payments above the principal amount of converted notes. The cap price is set at $47.74 per share, representing a 100% premium over the current stock price.
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