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Alkami Tech Q1 2025 Earnings Report
Alkami Technology, Inc. announced its first quarter 2025 financial results, highlighting strong revenue growth and profitability, and the planned retirement of its CFO, Bryan Hill.
Key Takeaways
Alkami Technology, Inc. reported a robust first quarter for 2025, with significant increases in total revenue and Adjusted EBITDA. The company also announced the planned retirement of its CFO, Bryan Hill, effective by February 27, 2026, and provided positive financial guidance for the second quarter and full fiscal year 2025.
GAAP total revenue increased by 28.5% to $97.8 million compared to the prior year.
Adjusted EBITDA surged to $12.1 million from $3.8 million in the year-ago quarter.
The company exited Q1 with 20.5 million users on its platform, an increase of 2.3 million year-over-year.
Alkami completed the acquisition of MANTL on March 17, 2025, which is expected to be accretive to revenue growth and gross margin expansion.
Forward Guidance
Alkami Technology, Inc. provided optimistic financial guidance for the second quarter and the full fiscal year 2025, anticipating continued revenue growth and profitability.
Positive Outlook
- Second quarter GAAP total revenue is projected to be between $109.0 million and $110.5 million.
- Second quarter Adjusted EBITDA is expected to range from $9.0 million to $10.0 million.
- Full fiscal year 2025 GAAP total revenue is forecasted to be between $443.0 million and $447.0 million.
- Full fiscal year 2025 Adjusted EBITDA is anticipated to be between $49.5 million and $52.5 million.
- MANTL acquisition is expected to contribute approximately $31.4 million to revenue and be accretive to Adjusted EBITDA in 2026.
Challenges Ahead
- MANTL acquisition is expected to result in an Adjusted EBITDA loss of $5 million for 2025.
- The forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially.
- The company's limited operating history and history of operating losses could impact future growth.
Historical Earnings Impact
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