Alkami Tech Earnings Reports

Alkami Technology, Inc. achieved strong revenue growth of 25.6% year-over-year, reaching $89.7 million. The company's net loss narrowed to $7.6 million, improving from a $12.7 million loss in the prior-year quarter. Adjusted EPS came in at $0.11, and Adjusted EBITDA increased significantly to $10.2 million, up from $3.1 million in Q4 2023.

Alkami Technology reported GAAP total revenue of $85.9 million, a 26.9% increase compared to the year-ago quarter. The company ended Q3 with 19.5 million live registered users and signed nine new digital banking clients. Adjusted EBITDA was $8.3 million, compared to $0.8 million in the year-ago quarter.

Alkami Technology, Inc. reported GAAP total revenue of $82.2 million for the second quarter of 2024, a 24.9% increase compared to the year-ago quarter. The company achieved a GAAP gross margin of 59.4% and an adjusted EBITDA of $4.6 million. Alkami ended the quarter with 18.6 million live registered users, up 2.7 million compared to the prior-year quarter.

Alkami Technology, Inc. reported a 26.9% increase in GAAP total revenue to $76.1 million for the first quarter ending March 31, 2024. The company also saw a rise in GAAP gross margin to 57.8% and an adjusted EBITDA of $3.8 million.

Alkami Technology, Inc. reported a 29% increase in GAAP total revenue, reaching $71.4 million for Q4 2023. The company also improved its GAAP gross margin to 56% and achieved an adjusted EBITDA of $3.1 million, compared to a loss in the year-ago quarter. Alkami added 3 million registered users, ending the year with 17.5 million users.

Alkami Technology, Inc. announced its Q3 2023 financial results, featuring a 27% increase in GAAP total revenue compared to the year-ago quarter and growth in digital banking users.

Alkami Technology, Inc. announced its Q2 2023 financial results, reporting a 30% increase in GAAP total revenue compared to the year-ago quarter. The company added 16 new digital banking platform clients in the first half of the year, including 10 in the second quarter. Alkami exited the quarter with $257 million in Annual Recurring Revenue, up 26% compared to the year-ago quarter.

Alkami Technology, Inc. reported a 34% increase in GAAP total revenue to $60 million for the first quarter of 2023. The company also saw an 18% increase in digital banking users, reaching 15.1 million, and a 36% increase in Annual Recurring Revenue, reaching $240 million.

Alkami Technology, Inc. reported a 31% increase in GAAP total revenue for Q4 2022, reaching $55.5 million. The company experienced a reduced GAAP net loss of $(4.9) million compared to the year-ago quarter and an adjusted EBITDA loss of $(4.0) million. Alkami added 37 new logos in 2022 and exited the quarter with 14.5 million digital banking users, up 18% year-over-year.

Alkami announced its Q3 2022 financial results, reporting a 34% increase in GAAP total revenue compared to the year-ago quarter, reaching $53.4 million. The company added ten new logos to the Alkami digital banking community and successfully renewed six clients' contracts. However, the GAAP net loss increased to $(20.0) million, and the adjusted EBITDA loss was $(4.6) million.

Alkami Technology, Inc. announced results for its second quarter ending June 30, 2022. GAAP total revenue was $50.5 million, an increase of 38% compared to the year-ago quarter. The company closed seven new logos, including two banks, bringing first half new logo count to six credit unions and six banks.

Alkami Technology, Inc. reported a 35% increase in GAAP total revenue to $44.8 million for the first quarter ending March 31, 2022. The company closed five new logos, renewed four clients and delivered another significant quarter of add-on sales.