Alkami Technology, Inc.

ALKT

TechnologySmall CapUS Equities · NYSE / NASDAQ

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Company Profile

Alkami Technology, Inc. provides a cloud-based digital sales and service platform for financial institutions in the United States. The company offers the Alkami digital sales & service platform, which includes the Alkami digital banking platform, onboarding & account opening, and data & marketing modules. Its solutions enable financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of proprietary, cloud-based, and multi-tenant architecture. It serves community, regional, super-regional credit unions, and banks. The company was founded in 2009 and is based in Plano, Texas.

Valuation

Market Cap$1.7B

Current Price$14.86as of Jun 23, 2026

P/E Ratio-36.34

P/B Ratio4.78

EV / EBITDA-90.26

EV / Sales4.59

Profitability

Operating Margin-10.9%

Net Profit Margin-10.7%

EBITDA Margin-5.1%

Returns

ROE-13.2%

ROCE-6.4%

ROIC %-5.9%

ROA-5.6%

Solvency

Current Ratio2.09

Debt / Equity1.02

Debt / Assets0.44

CFO / Net Profit-0.90

Price History▼ 48.86% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$444M▲ 32.9%

EBITDA$-23M▼ 23.7%

Net Profit$-48M▲ 16.7%

Cash from Ops (CFO)$43M▲ 130.7%

Free Cash Flow (FCF)$34M▲ 218.5%

Revenue CAGR 3Y29.5%

Revenue CAGR 5Y-

Net Profit CAGR 3Y-

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$444M	$-23M	$-48M	$34M	-13.2%	32.9%	16.7%
2024	$334M	$-30M	$-41M	$11M	-11.4%	26.1%	-35.1%
2023	$265M	$-45M	$-63M	$-24M	-19.4%	29.6%	7.4%
2022	$204M	$-47M	$-59M	$-42M	-17.5%	-	-
2021	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	204.27	264.83	333.85	443.64
Operating Revenue	-	201.33	260.84	326.85	434.27
Cost Of Revenue	-	95.95	120.72	137.22	187.04
Gross Profit	-	108.32	144.11	196.63	256.60
Operating Expense	-	178.54	207.55	241.06	305.12
Research And Development	-	69.33	84.66	96.21	118.40
Selling General And Administration	-	108.06	121.46	143.42	181.03
Total Expenses	-	274.49	328.27	378.28	492.16
Operating Income	-	-70.22	-63.44	-44.43	-48.52
Total Operating Income As Reported	-	-57.69	-63.70	-44.63	-53.64
EBITDA	-	-47.14	-44.85	-29.56	-22.56
Normalized EBITDA	-	-59.45	-44.72	-29.36	-17.45
EBIT	-	-55.21	-55.48	-40.07	-49.48
Interest Income	-	2.70	8.10	4.56	4.16
Interest Expense	-	3.85	7.38	0.46	9.49
Net Interest Income	-	-1.15	0.71	4.10	-5.33
Other Income Expense	-	12.31	-0.14	-0.20	-5.12
Interest Income Non Operating	-	2.70	8.10	4.56	4.16
Interest Expense Non Operating	-	3.85	7.38	0.46	9.49
Net Non Operating Interest Income Expense	-	-1.15	0.71	4.10	-5.33
Pretax Income	-	-59.06	-62.87	-40.53	-58.96
Tax Provision	-	-0.46	0.04	0.31	-11.31
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	0.09	-0.03	-0.04	-0.98
Net Income Continuous Operations	-	-58.60	-62.91	-40.84	-47.65
Net Income From Continuing And Discontinued Operation	-	-58.60	-62.91	-40.84	-47.65
Net Income From Continuing Operation Net Minority Interest	-	-58.60	-62.91	-40.84	-47.65
Net Income	-	-58.60	-62.91	-40.84	-47.65
Net Income Common Stockholders	-	-58.60	-62.91	-40.84	-47.65
Net Income Including Noncontrolling Interests	-	-58.60	-62.91	-40.84	-47.65
Normalized Income	-	-70.82	-62.80	-40.68	-43.52
Diluted NI Availto Com Stockholders	-	-58.60	-62.91	-40.84	-47.65
Basic Average Shares	-	90.96	94.08	98.89	103.90
Diluted Average Shares	-	90.96	94.08	98.89	103.90
Reconciled Depreciation	-	8.07	10.63	10.51	26.91
Reconciled Cost Of Revenue	-	89.03	111.52	128.15	165.82
Total Unusual Items	-	12.31	-0.14	-0.20	-5.12
Total Unusual Items Excluding Goodwill	-	12.31	-0.14	-0.20	-5.12
Preferred Stock Dividends	0.28	-	-	-	-
Special Income Charges	-	12.51	-0.67	-0.20	-5.12
Other Special Charges	-	0.02	0.41	-	-
Impairment Of Capital Assets	-	-	0	0	1.66
Restructuring And Mergern Acquisition	-	-12.53	0.26	0.20	3.46
Gain On Sale Of Security	-3.04	-0.20	0.53	-	-
Depreciation Amortization Depletion Income Statement	-	1.16	1.44	1.44	5.69
Depreciation And Amortization In Income Statement	-	1.16	1.44	1.44	5.69
General And Administrative Expense	-	71.25	72.90	83.65	100.89
Other Gand A	-	71.25	72.90	83.65	100.89
Selling And Marketing Expense	-	36.81	48.56	59.76	80.14
Amortization	-	1.16	1.44	1.44	5.69
Amortization Of Intangibles Income Statement	-	1.16	1.44	1.44	5.69

Peer Comparison

Technology sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Alkami Technology, Inc.this co.	ALKT	$1.7B	-36.34	4.78	-13.2%	-90.26
Flywire Corporation	FLYW	$1.8B	133.32	2.15	1.6%	28.82
Wealthfront Corporation	WLTH	$1.7B	-40.87	2.80	-6.8%	-13.86
Payoneer Global Inc.	PAYO	$1.7B	23.46	2.44	10.4%	7.22
Arteris, Inc.	AIP	$1.7B	-49.42

Learn while you research

Hand-picked academy chapters to deepen your understanding of Alkami Technology, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Growth Investing

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$444M

$-23M

$-48M

$34M

-13.2%

32.9%

16.7%

2024

$334M

$-30M

$-41M

$11M

-11.4%

26.1%

-35.1%

2023

$265M

$-45M

$-63M

$-24M

-19.4%

29.6%

7.4%

2022

$204M

$-47M

$-59M

$-42M

-17.5%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

204.27

264.83

333.85

443.64

Operating Revenue

201.33

260.84

326.85

434.27

Cost Of Revenue

95.95

120.72

137.22

187.04

Gross Profit

108.32

144.11

196.63

256.60

Operating Expense

178.54

207.55

241.06

305.12

Research And Development

69.33

84.66

96.21

118.40

Selling General And Administration

108.06

121.46

143.42

181.03

Total Expenses

274.49

328.27

378.28

492.16

Operating Income

-70.22

-63.44

-44.43

-48.52

Total Operating Income As Reported

-57.69

-63.70

-44.63

-53.64

EBITDA

-47.14

-44.85

-29.56

-22.56

Normalized EBITDA

-59.45

-44.72

-29.36

-17.45

EBIT

-55.21

-55.48

-40.07

-49.48

Interest Income

2.70

8.10

4.56

4.16

Interest Expense

3.85

7.38

0.46

9.49

Net Interest Income

-1.15

0.71

4.10

-5.33

Other Income Expense

12.31

-0.14

-0.20

-5.12

Interest Income Non Operating

2.70

8.10

4.56

4.16

Interest Expense Non Operating

3.85

7.38

0.46

9.49

Net Non Operating Interest Income Expense

-1.15

0.71

4.10

-5.33

Pretax Income

-59.06

-62.87

-40.53

-58.96

Tax Provision

-0.46

0.04

0.31

-11.31

Tax Rate For Calcs

Tax Effect Of Unusual Items

0.09

-0.03

-0.04

-0.98

Net Income Continuous Operations

-58.60

-62.91

-40.84

-47.65

Net Income From Continuing And Discontinued Operation

-58.60

-62.91

-40.84

-47.65

Net Income From Continuing Operation Net Minority Interest

-58.60

-62.91

-40.84

-47.65

Net Income

-58.60

-62.91

-40.84

-47.65

Net Income Common Stockholders

-58.60

-62.91

-40.84

-47.65

Net Income Including Noncontrolling Interests

-58.60

-62.91

-40.84

-47.65

Normalized Income

-70.82

-62.80

-40.68

-43.52

Diluted NI Availto Com Stockholders

-58.60

-62.91

-40.84

-47.65

Basic Average Shares

90.96

94.08

98.89

103.90

Diluted Average Shares

90.96

94.08

98.89

103.90

Reconciled Depreciation

8.07

10.63

10.51

26.91

Reconciled Cost Of Revenue

89.03

111.52

128.15

165.82

Total Unusual Items

12.31

-0.14

-0.20

-5.12

Total Unusual Items Excluding Goodwill

12.31

-0.14

-0.20

-5.12

Preferred Stock Dividends

0.28

Special Income Charges

12.51

-0.67

-0.20

-5.12

Other Special Charges

0.02

0.41

Impairment Of Capital Assets

1.66

Restructuring And Mergern Acquisition

-12.53

0.26

0.20

3.46

Gain On Sale Of Security

-3.04

-0.20

0.53

Depreciation Amortization Depletion Income Statement

1.16

1.44

5.69

Depreciation And Amortization In Income Statement

1.16

1.44

5.69

General And Administrative Expense

71.25

72.90

83.65

100.89

Other Gand A

71.25

72.90

83.65

100.89

Selling And Marketing Expense

36.81

48.56

59.76

80.14

Amortization

1.16

1.44

5.69

Amortization Of Intangibles Income Statement

1.16

1.44

5.69

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Alkami Technology, Inc.this co.

ALKT

$1.7B

-36.34

4.78

-13.2%

-90.26

Flywire Corporation

FLYW

$1.8B

133.32

2.15

1.6%

28.82

Wealthfront Corporation

WLTH

$1.7B

-40.87

2.80

-6.8%

-13.86

Payoneer Global Inc.

PAYO

$1.7B

23.46

2.44

10.4%

7.22

Arteris, Inc.

AIP

$1.7B

-49.42

Alkami Technology, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Alkami Technology, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on