ALKT
Alkami Technology, Inc.22.15
+0.37+1.7%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details guide timing headwinds
Q&A clarified 2026's growth deceleration to 18.5%-19.6% stems from a 75% termination fee drop, DSSP's longer 12-month implementations versus six months standalone, and existing client user growth normalizing to market rates—yet demand and pipeline hold steady at 50-50 banks-credit unions. Loan origination remains in selective lighthouse phase for retail/HELOC, not generally available. Bank go-to-market sharpened with dedicated sales teams. No urgency dip spotted. Capital allocation eyes debt paydown first, then opportunistic M&A and buybacks. Management's tone brimmed with confidence; watch DSSP activations and bank traction.
Key Stats
Market Cap
2.33BP/E (TTM)
-Basic EPS (TTM)
-0.42Dividend Yield
0%Recent Filings
10-K
FY2025 results
Alkami crushed FY2025 with revenues soaring 32.9% y/y to $443.6M, fueled by 12.1% registered user growth to 22.4M and RPU jumping 20.4% to $21.44 (derived). Q4 momentum accelerated via the March MANTL acquisition, adding $34.9M in onboarding revenue while cross-sell hit 54% of TCV. Gross margin dipped to 57.8% from MANTL amortization, yet adjusted EBITDA flipped to $59.1M positive. Debt stands at $360M ($15M revolver, $345M convertibles due 2030) with $99M liquidity. No annual guidance disclosed. Cybersecurity breaches could derail platform reliability.
8-K
Q4 revenue jumps 35%
Alkami Technology crushed Q4 2025 with revenue up 34.7% to $120.8M and Adjusted EBITDA nearly doubling to $19.1M, fueled by 39 new logos and MANTL acquisition. Full-year revenue hit $443.6M, up 32.9%, with ARR soaring 35% to $480.3M and 22.4M registered users. Momentum builds. Guides 2026 revenue to $525.5M-$530.5M.
10-Q
Q3 FY2025 results
Alkami's Q3 revenues jumped 31.5% y/y to $113M, fueled by 10.5% registered user growth to 21,552 and MANTL's $11M contribution, though gross margin slipped to 56.8% from added amortization. Operating loss widened to $12.9M and net loss to $14.8M or $(0.14) per share, driven by higher interest expense on new debt while stock-based comp inflated the gap. Closed MANTL in March 2025 for $375M net cash, recognizing $255.4M goodwill and $153.5M intangibles (customer relationships over 15 years, developed tech over 5 years). Cash at $57.3M backs $25M revolver draw; $336M convertible notes due 2030 at 1.50%. Operating cash flow hit $26.3M YTD. Debt covenants loom large.
8-K
Hudson named Alkami CFO
Alkami appointed Cassandra Hudson as CFO effective November 1, 2025, succeeding retiring Bryan Hill, who transitions to consultant through December 2026. Hudson's package includes $460,000 base, 70% target bonus, and $6M RSUs vesting quarterly over four years. Smooth handover bolsters finance leadership amid Q3 revenue surge to $113M, up 31.5%, and ARR hitting $449M. Leadership continuity reigns.
10-Q
Q2 FY2025 results
Alkami's Q2 revenue jumped 36% y/y to $112M, fueled by 31% ARR growth to $424M and MANTL's $10M contribution post its March close for $375M cash consideration, recognizing $256M goodwill and $154M intangibles (5-15 year lives). Gross margin held at 58.6% despite amortization ramp; operating loss widened to $16M on merger costs and $20% stock comp surge, yet net loss narrowed to $14M from tax benefits. Cash fell to $52M after funding MANTL, offset by $345M 1.5% convertible notes due 2030; $50M revolver draw remains, covenants met. Debt servicing eats cash. Indebtedness limits flexibility amid competition.
ALIT
Alight, Inc.
2.06+0.00
ALYAF
Alithya Group Inc.
1.22-0.01
AMOD
Alpha Modus Holdings, Inc.
0.56+0.01
ANKM
ANKAM INC.
6.00+0.00
ATGL
Alpha Technology Group Limited
25.85+1.86
CHYM
Chime Financial, Inc.
25.27+0.65
DOMO
Domo, Inc.
8.63-0.35
MITK
Mitek Systems, Inc.
10.10+0.45
NOW
ServiceNow, Inc.
781.12+15.92
SNOW
Snowflake Inc.
220.60+5.32