Alkami Technology (NASDAQ:ALKT) Posts Earnings Results, Misses Estimates By $0.23 EPS

Alkami Technology (NASDAQ:ALKT) issued its quarterly earnings data on Wednesday. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.23), FiscalAI reports. The company had revenue of $129.84 million for the quarter, compared to the consensus estimate of $128.70 million. Alkami Technology had a negative return on equity of 8.91% and a negative net margin of 10.55%.

Here are the key takeaways from Alkami Technology’s conference call:

• Positive Sentiment: Alkami raised its full-year outlook to $528–$531 million in revenue and $96–$98 million in adjusted EBITDA, effectively reaching its previously stated five-year goal of approximately $500 million in revenue and $100 million in EBITDA.
• Positive Sentiment: Second-quarter revenue rose 15.9% year over year to $129.8 million, while ARR grew 21% to $512 million and adjusted EBITDA increased to $19.4 million, producing a 14.9% margin. Operating cash flow also improved sharply to $22 million from $1.2 million a year earlier.
• Positive Sentiment: Expansion within the installed base remains a key growth driver: average ARR per client reached approximately $1.6 million, 50 clients now generate at least $2 million of ARR, and revenue per user increased 7% to $21.69. Alkami said 2026 new-logo customers are onboarding at nearly twice the platform’s average ARPU, supported by DSSP and a higher mix of bank clients.
• Positive Sentiment: Alkami continues to build momentum in banks and its Digital Sales & Service Platform. It has 54 bank clients under contract, 42 live, 55 clients contracted for all three DSSP products, and reported improving bank win rates and implementation timelines.
• Negative Sentiment: Second-quarter gross margin was 63%, below the anticipated year-end level, partly due to lower termination-fee revenue, while ARPU growth normalized to about 7% from 9% in the first quarter. Management also pushed completion of a database project into 2027 to prioritize lending and treasury-management investments.

Alkami Technology Stock Performance

Shares of ALKT stock traded up $0.16 during mid-day trading on Wednesday, reaching $18.33. The stock had a trading volume of 2,141,491 shares, compared to its average volume of 1,863,515. Alkami Technology has a 1-year low of $13.98 and a 1-year high of $26.97. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of -39.00 and a beta of 0.57. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.96. The business’s fifty day moving average is $16.86 and its 200-day moving average is $17.33.

Insider Buying and Selling

In other Alkami Technology news, Director Atlantic Genpar (Bermu General purchased 675,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $16.49 per share, for a total transaction of $11,130,750.00. Following the acquisition, the director owned 19,420,994 shares in the company, valued at $320,252,191.06. This represents a 3.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 4,041,543 shares of company stock valued at $67,594,674 in the last 90 days. 17.10% of the stock is owned by corporate insiders.

Institutional Trading of Alkami Technology

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in shares of Alkami Technology by 398.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,146 shares of the company’s stock worth $35,000 after acquiring an additional 916 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Alkami Technology by 91.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,447 shares of the company’s stock valued at $34,000 after purchasing an additional 692 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Alkami Technology in the fourth quarter valued at $37,000. Kestra Advisory Services LLC acquired a new stake in Alkami Technology during the 4th quarter worth about $48,000. Finally, Advisors Asset Management Inc. grew its position in Alkami Technology by 32.4% during the 1st quarter. Advisors Asset Management Inc. now owns 2,425 shares of the company’s stock worth $64,000 after purchasing an additional 594 shares during the period. 54.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ALKT. JPMorgan Chase & Co. cut their price target on shares of Alkami Technology from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, June 22nd. Citizens Jmp reduced their price objective on shares of Alkami Technology from $28.00 to $23.00 and set a “market outperform” rating for the company in a research note on Thursday, April 30th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Alkami Technology in a report on Friday, June 5th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.20.

Alkami Technology Company Profile

Alkami Technology, Inc is a provider of cloud-based digital banking and engagement solutions tailored for banks and credit unions. The company’s platform offers a comprehensive suite of online and mobile banking features, including bill payment, peer-to-peer transfers, card management, streamlined account opening and real-time alerts, all designed to enhance the end-user experience and drive customer loyalty.

Built on a multi-tenant, software-as-a-service (SaaS) architecture hosted in the cloud, Alkami’s platform leverages modern APIs and a partner ecosystem to integrate third-party fintech applications and services.