Alkami Announces Fourth Quarter 2024 Financial Results
Rhea-AI Summary
Alkami Technology (NASDAQ: ALKT) reported strong Q4 2024 results with total revenue of $89.7 million, up 25.6% year-over-year. The company's GAAP gross margin improved to 59.3% from 56.0% in Q4 2023, while GAAP net loss narrowed to $(7.6) million from $(12.7) million.
For full-year 2024, Alkami achieved total revenue of $333.8 million, a 26.1% increase from 2023, with Adjusted EBITDA of $26.9 million compared to $(1.6) million in 2023. The company added 2.5 million registered users, reaching 20 million total users.
Notably, Alkami announced plans to acquire MANTL for $400 million, strengthening its position in digital banking solutions. The company provided 2025 guidance, projecting full-year revenue between $440-445 million and Adjusted EBITDA of $47-51 million. MANTL is expected to contribute approximately $30 million in revenue starting Q2 2025.
Positive
- Revenue growth of 25.6% YoY to $89.7M in Q4 2024
- GAAP net loss improved to $(7.6M) from $(12.7M) YoY
- Adjusted EBITDA increased to $10.2M from $3.1M YoY
- Added 7 new banks in Q4
- User base grew by 2.5M to reach 20M total users
- Annual recurring revenue up 22% to $356M
- Revenue per user increased 7% YoY
Negative
- Continued GAAP net loss of $(7.6M) in Q4 2024
- MANTL acquisition expected to be dilutive to Adjusted EBITDA until 2026
- Significant cash outlay of $380M for MANTL acquisition
Insights
Alkami's Q4 2024 results demonstrate accelerating financial momentum with revenue of $89.7 million (
The $400 million acquisition of MANTL represents a strategic expansion beyond Alkami's core digital banking platform into the critical customer acquisition funnel. MANTL's technology enables financial institutions to onboard customers across all channels (branch, call center, digital) for any deposit account type, creating an integrated digital sales and service ecosystem. While the acquisition price reflects approximately 13x MANTL's current revenue, the projected
Key performance indicators reflect strengthening fundamentals: annual recurring revenue grew
The 2025 outlook of
Alkami's acquisition of MANTL for
The technical architecture of MANTL provides significant competitive advantages. Its multi-tenant, core-agnostic design allows integration with any core banking system - important in the fragmented U.S. market where financial institutions operate on dozens of different cores. This flexibility eliminates a major friction point in technology adoption and enables faster implementation timelines compared to solutions requiring custom core integrations.
For Alkami's existing 190+ financial institution clients, this acquisition creates immediate cross-selling opportunities. Rather than purchasing separate point solutions for account opening and digital banking, clients can now access an integrated platform that manages the entire customer journey from acquisition through ongoing engagement. This should accelerate Alkami's revenue per client metrics while improving customer retention.
The projected
Strategically, this transaction aligns with the banking industry's shift toward integrated platforms that combine acquisition, engagement, and growth capabilities. Financial institutions increasingly seek technology partners that can deliver comprehensive solutions rather than assembling multiple vendor relationships, which should strengthen Alkami's value proposition particularly among growth-focused regional and community institutions.
Alkami Today Also Announced Its Intent to Acquire MANTL
Fourth Quarter 2024 Financial Highlights
- GAAP total revenue of
$89.7 million 25.6% compared to the year-ago quarter; - GAAP gross margin of
59.3% , compared to56.0% in the year-ago quarter; - Non-GAAP gross margin of
63.1% , compared to60.3% in the year-ago quarter; - GAAP net loss of
$(7.6) million $(12.7) million - Adjusted EBITDA of
$10.2 million $3.1 million
Full Year 2024 Financial Highlights
- GAAP total revenue of
$333.8 million 26.1% compared to 2023; - GAAP gross margin of
58.9% , compared to54.4% in 2023; - Non-GAAP gross margin of
62.7% , compared to59.0% in 2023; - GAAP net loss of
$(40.8) million $(62.9) million - Adjusted EBITDA of
$26.9 million $(1.6) million
Alkami also announced today the signing of a definitive agreement to acquire Fin Technologies, Inc. ("MANTL") for an enterprise value of
Comments on the News
Alex Shootman, Chief Executive Officer, said, "In the fourth quarter, we continued to deliver strong growth and enhanced profitability, with revenue growth of over
Shootman added, "We also announced today that we signed a definitive agreement to acquire MANTL, the premier onboarding and account opening solution. MANTL is unique in that it offers a multi-tenant, core-agnostic, single platform that enables FIs to support all channels in onboarding deposit accounts, including branch, call center and digital. With this acquisition, Alkami solidifies its position as the de facto digital sales and service platform in the industry, allowing FIs to onboard, engage, and grow their account base. This creates a tremendous opportunity for us to expand market share and generate cross sell within our client base, driving additional revenue growth and enhancing our competitive offering among financial institutions."
Bryan Hill, Chief Financial Officer, said, "In 2024, we added 2.5 million registered users to our digital banking platform, ending the year with 20 million digital banking users. We exited 2024 with annual recurring revenue of
2025 Financial Outlook
The following statements are forward-looking, and actual results could differ materially depending on market conditions and the factors set forth under "Cautionary Statement Regarding Forward-Looking Statements." Alkami's financial outlook is based on current expectations, and includes the impact of the MANTL acquisition.
Alkami is providing guidance for its first quarter ending March 31, 2025 of:
- GAAP total revenue in the range of
$93.5 million $95.0 million - Adjusted EBITDA in the range of
$9.5 million $10.5 million
Alkami is providing guidance for its fiscal year ending December 31, 2025 of:
- GAAP total revenue in the range of
$440.0 million $445.0 million - Adjusted EBITDA in the range of
$47.0 million $51.0 million
The completion of the MANTL acquisition remains subject to certain standard conditions, and is expected to close on or before March 31, 2025. As such, starting in the second quarter of 2025 and included in Alkami's full year guidance, Alkami expects MANTL to contribute revenue of approximately
Conference Call Information
The Company will host a conference call at 5:00 p.m. ET today to discuss its financial results with investors. A live webcast of the event will be available on the Alkami investor relations website at investors.alkami.com. In addition, a live dial-in will be available domestically at 1-800-836-8184 and internationally at 1-646-357-8785, using passcode 39894. The webcast replay will be available on the Alkami investor relations website.
About Alkami
Alkami Technology, Inc. is a leading cloud-based digital banking solutions provider for financial institutions in
Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking" statements relating to Alkami Technology, Inc.'s strategy, goals, future focus areas, and expected, possible or assumed future results, including its future cash flows and its financial outlook. These forward-looking statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements that are not historical facts and may be identified by terms such as "expects," "believes," "plans," or similar expressions and the negatives of those terms. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements, expressed or implied by the forward-looking statements. Factors that may materially affect such forward-looking statements include: Our limited operating history and history of operating losses; our ability to manage future growth; our ability to attract new clients and retain and expand existing clients' use of our solutions; the unpredictable and time-consuming nature of our sales cycles; our ability to maintain, protect and enhance our brand; our ability to accurately predict the long-term rate of client subscription renewals or adoption of our solutions; our reliance on third-party software, content and services; our ability to effectively integrate our solutions with other systems used by our clients; intense competition in our industry; any downturn, consolidation or decrease in technology spend in the financial services industry, including as a result of recent closures of certain financial institutions and liquidity concerns at other financial institutions; our ability and the ability of third parties on which we rely to prevent and identify breaches of security measures (including cybersecurity) and resulting disruptions of our systems or operations and unauthorized access to client customer and other data; our ability to successfully integrate acquired companies or businesses; our ability to comply with regulatory and legal requirements and developments; our ability to attract and retain key employees; the political, economic and competitive conditions in the markets and jurisdictions where we operate; our ability to maintain, develop and protect our intellectual property; our ability to respond to evolving technological requirements to develop or acquire new and enhanced products that achieve market acceptance in a timely manner; our ability to estimate our expenses, future revenues, capital requirements, our needs for additional financing and our ability to obtain additional capital and other factors described in the Company's filings with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
Explanation of Non-GAAP Financial Measures and Key Business Metrics
The company reports its financial results in accordance with accounting principles generally accepted in
The company defines "Non-GAAP Cost of Revenues" as cost of revenues, excluding (1) amortization and (2) stock-based compensation expense. The company believes that investors and financial analysts find this non-GAAP financial measure to be useful in analyzing the company's financial and operational performance, comparing this performance to the company's peers and competitors, and understanding the company's ability to generate income from ongoing business operations.
The company defines "Non-GAAP Gross Margin" as gross profit, plus (1) amortization and (2) stock-based compensation expense, all divided by revenue. The company believes that investors and financial analysts find this non-GAAP financial measure to be useful in analyzing the company's financial and operational performance, comparing this performance to the company's peers and competitors, and understanding the company's ability to generate income from ongoing business operations.
The company defines "Non-GAAP Research and Development Expense" as research and development expense, excluding stock-based compensation expense. The company believes that investors and financial analysts find this non-GAAP financial measure to be useful in analyzing the company's financial and operational performance, comparing this performance to the company's peers and competitors, and understanding the company's ongoing expenditures related to product innovation.
The company defines "Non-GAAP Sales and Marketing Expense" as sales and marketing expense, excluding stock-based compensation expense. The company believes that investors and financial analysts find this non-GAAP financial measure to be useful in analyzing the company's financial and operational performance, comparing this performance to the company's peers and competitors, and understanding the company's ongoing expenditures related to its sales and marketing strategies.
The company defines "Non-GAAP General and Administrative Expense" as general and administrative expense, excluding (1) stock-based compensation expense and (2) secondary offering costs. The company believes that investors and financial analysts find this non-GAAP financial measure to be useful in analyzing the company's financial and operational performance, comparing this performance to the company's peers and competitors, and understanding the company's underlying expense structure to support corporate activities and processes.
The company defines "Non-GAAP Income (loss) before income taxes" as loss before income taxes, plus (1) gain on financial instruments, (2) amortization, (3) stock-based compensation expense, (4) secondary offering costs, and (5) acquisition-related expenses. The company believes that investors and financial analysts find this non-GAAP financial measure to be useful in analyzing the company's financial and operational performance, comparing this performance to the company's peers and competitors, and understanding the company's ability to generate income from ongoing business operations.
The company defines "Adjusted EBITDA" as net loss plus (1) provision (benefit) for income taxes, (2) gain on financial instruments, (3) interest income, net, (4) depreciation and amortization (5) stock-based compensation expense, (6) secondary offering costs, (7) acquisition-related expenses, and (8) loss on extinguishment of debt. The company believes adjusted EBITDA provides investors and other users of our financial information consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations.
In addition, the Company also uses the following important operating metrics to evaluate its business:
The company defines "Annual Recurring Revenue (ARR)" by aggregating annualized recurring revenue related to SaaS subscription services recognized in the last month of the reporting period as well as the next 12 months of expected implementation services revenues in the last month of the reporting period. We believe ARR provides important information about our future revenue potential, our ability to acquire new clients, and our ability to maintain and expand our relationship with existing clients.
The company defines "Registered Users" as an individual or business related to an account holder of an FI client on our digital banking platform who has registered to use one or more of our solutions and has current access to use those solutions as of the last day of the reporting period presented. We price our digital banking platform based on the number of registered users, so as the number of registered users of our digital banking platform increases, our ARR grows. We believe growth in the number of registered users provides important information about our ability to expand market adoption of our digital banking platform and its associated software products, and therefore to grow revenues over time.
The company defines "Revenue per Registered User (RPU)" by dividing ARR for the reporting period by the number of registered users as of the last day of the reporting period. We believe RPU provides important information about our ability to grow the number of software products adopted by new clients over time, as well as our ability to expand the number of software products that our existing clients add to their contracts with us over time.
The company does not provide a reconciliation of our adjusted EBITDA outlook to GAAP net loss because certain significant information required for such reconciliation is not available without unreasonable efforts, including provision for income taxes, loss on financial instruments, stock-based compensation expense, and acquisition-related expenses, net, all of which may be significant.
ALKAMI TECHNOLOGY, INC. | |||
CONDENSED CONSOLIDATED BALANCE SHEETS | |||
(In thousands, except share and per share data) | |||
(UNAUDITED) | |||
December 31, | December 31, | ||
2024 | 2023 | ||
Assets | |||
Current assets | |||
Cash and cash equivalents | $ 94,359 | $ 40,927 | |
Marketable securities | 21,375 | 51,196 | |
Accounts receivable, net | 38,739 | 35,499 | |
Deferred costs, current | 13,207 | 10,329 | |
Prepaid expenses and other current assets | 13,697 | 10,634 | |
Total current assets | 181,377 | 148,585 | |
Property and equipment, net | 22,075 | 16,946 | |
Right-of-use assets | 14,565 | 15,754 | |
Deferred costs, net of current portion | 37,178 | 30,734 | |
Intangibles, net | 29,021 | 35,807 | |
Goodwill | 148,050 | 148,050 | |
Other assets | 5,011 | 3,949 | |
Total assets | $ 437,277 | $ 399,825 | |
Liabilities and Stockholders' Equity | |||
Current liabilities | |||
Accounts payable | $ 6,129 | $ 7,478 | |
Accrued liabilities | 24,520 | 19,763 | |
Deferred revenues, current portion | 13,578 | 10,984 | |
Lease liabilities, current portion | 1,343 | 1,205 | |
Total current liabilities | 45,570 | 39,430 | |
Deferred revenues, net of current portion | 15,526 | 15,384 | |
Deferred income taxes | 1,822 | 1,713 | |
Lease liabilities, net of current portion | 17,109 | 18,052 | |
Other non-current liabilities | 220 | 305 | |
Total liabilities | 80,247 | 74,884 | |
Stockholders' Equity | |||
Preferred stock, as of December 31, 2024 and 2023 | — | — | |
Common stock, shares issued and outstanding as of December 31, 2024 and 2023, respectively | 102 | 97 | |
Additional paid-in capital | 833,129 | 760,210 | |
Accumulated deficit | (476,201) | (435,366) | |
Total stockholders' equity | 357,030 | 324,941 | |
Total liabilities and stockholders' equity | $ 437,277 | $ 399,825 | |
ALKAMI TECHNOLOGY, INC. | |||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||
(In thousands, except share and per share data) | |||||||
(UNAUDITED) | |||||||
Three months ended December 31, | Year ended December 31, | ||||||
2024 | 2023 | 2024 | 2023 | ||||
Revenues | $ 89,656 | $ 71,369 | $ 333,849 | $ 264,831 | |||
Cost of revenues(1) | 36,446 | 31,420 | 137,219 | 120,720 | |||
Gross profit | 53,210 | 39,949 | 196,630 | 144,111 | |||
Operating expenses: | |||||||
Research and development | 25,349 | 21,491 | 96,211 | 84,661 | |||
Sales and marketing | 14,552 | 11,863 | 59,765 | 48,557 | |||
General and administrative | 21,576 | 19,292 | 83,650 | 72,900 | |||
Acquisition-related expenses | — | 43 | 195 | 263 | |||
Amortization of acquired intangibles | 359 | 359 | 1,435 | 1,435 | |||
Total operating expenses | 61,836 | 53,048 | 241,256 | 207,816 | |||
Loss from operations | (8,626) | (13,099) | (44,626) | (63,705) | |||
Non-operating income (expense): | |||||||
Interest income | 1,070 | 2,273 | 4,560 | 8,095 | |||
Interest expense | (134) | (1,870) | (461) | (7,384) | |||
Gain on financial instruments | — | 113 | — | 534 | |||
Loss on extinguishment of debt | — | (409) | — | (409) | |||
Loss before income taxes | (7,690) | (12,992) | (40,527) | (62,869) | |||
Provision (benefit) for income taxes | (47) | (279) | 308 | 44 | |||
Net loss | $ (7,643) | $ (12,713) | $ (40,835) | $ (62,913) | |||
Net loss per share attributable to common stockholders: | |||||||
Basic and diluted | $ (0.08) | $ (0.13) | $ (0.41) | $ (0.67) | |||
Weighted average number of shares of common stock outstanding: | |||||||
Basic and diluted | 101,057,260 | 95,871,058 | 98,892,692 | 94,080,797 | |||
(1) Includes amortization of acquired technology of |
ALKAMI TECHNOLOGY, INC. | |||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
(In thousands) | |||
(UNAUDITED) | |||
Year ended December 31, | |||
2024 | 2023 | ||
Cash flows from operating activities: | |||
Net loss | $ (40,835) | $ (62,913) | |
Adjustments to reconcile net loss to net cash provide by (used in) operating activities: | |||
Depreciation and amortization expense | 10,508 | 10,631 | |
Accrued interest on marketable securities, net | (1,075) | (3,231) | |
Stock-based compensation expense | 59,437 | 51,231 | |
Amortization of debt issuance costs | 210 | 138 | |
Gain on financial instruments | — | (532) | |
Loss on extinguishment of debt | — | 409 | |
Gain on lease modification | — | (375) | |
Deferred taxes | 109 | (32) | |
Changes in operating assets and liabilities: | |||
Accounts receivable | (3,240) | (9,253) | |
Prepaid expenses and other assets | (3,972) | 425 | |
Accounts payable and accrued liabilities | 3,322 | 91 | |
Deferred costs | (8,603) | (7,720) | |
Deferred revenues | 2,736 | 3,629 | |
Net cash provided by (used in) operating activities | 18,597 | (17,502) | |
Cash flows from investing activities: | |||
Purchase of marketable securities | (40,416) | (140,816) | |
Proceeds from sales, maturities, and redemptions of marketable securities | 71,312 | 181,019 | |
Purchases of property and equipment | (1,195) | (1,058) | |
Capitalized software development costs | (6,660) | (5,234) | |
Net cash provided by investing activities | 23,041 | 33,911 | |
Cash flows from financing activities: | |||
Principal payments on debt | — | (85,000) | |
Payment of holdback funds from acquisition | — | (3,600) | |
Payments for taxes related to net settlement of equity awards | (12,820) | (15,985) | |
Proceeds from stock option exercises | 20,241 | 12,983 | |
Proceeds from Employee Stock Purchase Plan issuances | 4,736 | 4,124 | |
Debt issuance costs paid | (363) | (341) | |
Net cash provided by (used in) financing activities | 11,794 | (87,819) | |
Net increase (decrease) in cash and cash equivalents and restricted cash | 53,432 | (71,410) | |
Cash and cash equivalents and restricted cash, beginning of period | 40,927 | 112,337 | |
Cash and cash equivalents and restricted cash, end of period | $ 94,359 | $ 40,927 | |
ALKAMI TECHNOLOGY, INC. | |||||||
RECONCILIATION OF GAAP TO NON-GAAP MEASURES | |||||||
(In thousands, except per share data) | |||||||
(UNAUDITED) | |||||||
Three Months Ended | Year Ended | ||||||
December 31, | December 31, | ||||||
2024 | 2023 | 2024 | 2023 | ||||
GAAP total revenues | $ 89,656 | $ 71,369 | $ 333,849 | $ 264,831 | |||
December 31, | |||||||
2024 | 2023 | ||||||
Annual Recurring Revenue (ARR) | $ 355,874 | $ 291,049 | |||||
Registered Users | 19,984 | 17,502 | |||||
Revenue per Registered User (RPU) | $ 17.81 | $ 16.63 | |||||
Non-GAAP Cost of Revenues | |||||||
Set forth below is a presentation of the company's "Non-GAAP Cost of Revenues." Please reference the "Explanation of Non-GAAP Measures" section. | |||||||
Three Months Ended | Year Ended | ||||||
December 31, | December 31, | ||||||
2024 | 2023 | 2024 | 2023 | ||||
GAAP cost of revenues | $ 36,446 | $ 31,420 | $ 137,219 | $ 120,720 | |||
Amortization | (1,926) | (1,656) | (7,389) | (6,579) | |||
Stock-based compensation expense | (1,434) | (1,444) | (5,366) | (5,584) | |||
Non-GAAP cost of revenues | $ 33,086 | $ 28,320 | $ 124,464 | $ 108,557 | |||
Non-GAAP Gross Margin | |||||||
Set forth below is a presentation of the company's "Non-GAAP Gross Margin." Please reference the "Explanation of Non-GAAP Measures" section. | |||||||
Three Months Ended | Year Ended | ||||||
December 31, | December 31, | ||||||
2024 | 2023 | 2024 | 2023 | ||||
GAAP gross margin | 59.3 % | 56.0 % | 58.9 % | 54.4 % | |||
Amortization | 2.2 % | 2.3 % | 2.2 % | 2.5 % | |||
Stock-based compensation expense | 1.6 % | 2.0 % | 1.6 % | 2.1 % | |||
Non-GAAP gross margin | 63.1 % | 60.3 % | 62.7 % | 59.0 % | |||
Non-GAAP Research and Development Expense | |||||||
Set forth below is a presentation of the company's "Non-GAAP Research and Development Expense." Please reference the "Explanation of Non-GAAP Measures" section. | |||||||
Three Months Ended | Year Ended | ||||||
December 31, | December 31, | ||||||
2024 | 2023 | 2024 | 2023 | ||||
GAAP research and development expense | $ 25,349 | $ 21,491 | $ 96,211 | $ 84,661 | |||
Stock-based compensation expense | (4,533) | (4,141) | (17,279) | (15,995) | |||
Non-GAAP research and development expense | $ 20,816 | $ 17,350 | $ 78,932 | $ 68,666 | |||
Non-GAAP Sales and Marketing Expense | |||||||
Set forth below is a presentation of the company's "Non-GAAP Sales and Marketing Expense." Please reference the "Explanation of Non-GAAP Measures" section. | |||||||
Three Months Ended | Year Ended | ||||||
December 31, | December 31, | ||||||
2024 | 2023 | 2024 | 2023 | ||||
GAAP sales and marketing expense | $ 14,552 | $ 11,863 | $ 59,765 | $ 48,557 | |||
Stock-based compensation expense | (2,400) | (1,911) | (9,049) | (7,220) | |||
Non-GAAP sales and marketing expense | $ 12,152 | $ 9,952 | $ 50,716 | $ 41,337 | |||
Non-GAAP General and Administrative Expense | |||||||
Set forth below is a presentation of the company's "Non-GAAP General and Administrative Expense." Please reference the "Explanation of Non-GAAP Measures" section. | |||||||
Three Months Ended | Year Ended | ||||||
December 31, | December 31, | ||||||
2024 | 2023 | 2024 | 2023 | ||||
GAAP general and administrative expense | $ 21,576 | $ 19,292 | $ 83,650 | $ 72,900 | |||
Stock-based compensation expense | (7,248) | (5,821) | (27,743) | (22,432) | |||
Secondary offering costs | (527) | — | (1,337) | — | |||
Non-GAAP general and administrative expense | $ 13,801 | $ 13,471 | $ 54,570 | $ 50,468 | |||
Non-GAAP Income (Loss) Before Income Taxes | |||||||
Set forth below is a presentation of the company's "Non-GAAP Income (Loss) Before Income Taxes." Please reference the "Explanation of Non-GAAP Measures" section. | |||||||
Three Months Ended | Year Ended | ||||||
December 31, | December 31, | ||||||
2024 | 2023 | 2024 | 2023 | ||||
GAAP loss before income taxes | $ (7,690) | $ (12,992) | $ (40,527) | $ (62,869) | |||
Gain on financial instruments | — | (113) | — | (534) | |||
Amortization | 2,285 | 2,015 | 8,824 | 8,014 | |||
Stock-based compensation expense | 15,615 | 13,317 | 59,437 | 51,231 | |||
Secondary offering costs | 527 | — | 1,337 | — | |||
Acquisition-related expenses | — | 43 | 195 | 263 | |||
Non-GAAP Income (loss) before income taxes | $ 10,737 | $ 2,270 | $ 29,266 | $ (3,895) | |||
Adjusted EBITDA | |||||||
Set forth below is a presentation of the company's "Adjusted EBITDA." Please reference the "Explanation of Non-GAAP Measures" section. | |||||||
Three Months Ended | Year Ended | ||||||
December 31, | December 31, | ||||||
2024 | 2023 | 2024 | 2023 | ||||
GAAP net loss | $ (7,643) | $ (12,713) | $ (40,835) | $ (62,913) | |||
Provision (benefit) for income taxes | (47) | (279) | 308 | 44 | |||
Gain on financial instruments | — | (113) | — | (534) | |||
Interest income, net | (936) | (403) | (4,099) | (711) | |||
Depreciation and amortization | 2,654 | 2,790 | 10,508 | 10,631 | |||
Stock-based compensation expense | 15,615 | 13,317 | 59,437 | 51,231 | |||
Secondary offering costs | 527 | — | 1,337 | — | |||
Acquisition-related expenses | — | 43 | 195 | 263 | |||
Loss on extinguishment of debt | — | 409 | — | 409 | |||
Adjusted EBITDA | $ 10,170 | $ 3,051 | $ 26,851 | $ (1,580) | |||
Investor Relations Contact
Steve Calk
ir@alkami.com
Media Relations Contacts
Marla Pieton
marla.pieton@alkami.com
Valerie Kerner
alkami@fullyvested.com
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SOURCE Alkami Technology, Inc.
FAQ
What are Alkami's Q4 2024 revenue and growth figures?
How much is Alkami (ALKT) paying to acquire MANTL?
What is Alkami's user growth and ARR as of Q4 2024?
What is Alkami's revenue guidance for full-year 2025?
How much revenue is MANTL expected to contribute to Alkami in 2025?
