ALKT · Alkami Technology, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2026 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | $112.95M | $112.06M | $97.83M | - | $85.91M | $82.16M | $76.13M | - |
| Cost of Revenue | - | - | $48.81M | $46.44M | $40.08M | - | $35.29M | $33.39M | $32.09M | - |
| Gross Profit | - | - | $64.14M | $65.62M | $57.76M | - | $50.62M | $48.77M | $44.03M | - |
| R&D | - | - | $30.09M | $30.23M | $26.89M | - | $24.13M | $23.91M | $22.82M | - |
| SG&A | - | - | $25.64M | $26.04M | $23.77M | - | $22.15M | $20.61M | $19.32M | - |
| Total Operating Expenses | - | - | $77.02M | $81.48M | $73.16M | - | $61.05M | $61.98M | $56.40M | - |
| D&A | - | - | $1.30M | $1.10M | $3.43M | - | $1.00M | $900.0K | $2.56M | - |
| Operating Income | - | - | ($12.88M) | ($15.86M) | ($15.40M) | - | ($10.43M) | ($13.21M) | ($12.37M) | - |
| Interest Expense | - | - | $2.98M | $3.19M | $73.0K | - | $1.93M | $74.0K | $73.0K | - |
| Income Tax | - | - | ($29.0K) | ($4.30M) | ($7.29M) | - | ($19.0K) | $185.0K | $189.0K | - |
| Net Income | ($47.65M) | - | ($14.80M) | ($13.59M) | ($7.82M) | - | ($9.44M) | ($12.32M) | ($11.43M) | - |
| EPS - Basic | - | - | ($0.14) | ($0.13) | ($0.08) | - | ($0.09) | ($0.13) | ($0.12) | - |
| EPS - Diluted | - | - | ($0.14) | ($0.13) | ($0.08) | - | ($0.09) | ($0.13) | ($0.12) | - |
Balance Sheet
| Line item | FY 2026 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | - | $63.46M | $57.32M | $52.43M | $61.66M | $94.36M | $80.96M | $61.43M | $44.18M | $40.93M |
| Accounts Receivable | - | $51.49M | $50.67M | $47.68M | $46.79M | $38.74M | $42.41M | $38.95M | $35.72M | $35.50M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | $5.84M | $7.26M | $6.70M | $5.18M | $6.13M | $5.59M | $5.79M | $6.53M | $7.48M |
| Current Assets | - | $187.22M | $174.87M | $177.83M | $174.24M | $181.38M | $169.01M | $151.96M | $145.63M | $148.59M |
| Total Assets | - | $847.23M | $835.17M | $840.39M | $837.16M | $437.28M | $422.19M | $403.86M | $397.64M | $399.82M |
| Current Liabilities | - | $89.55M | $80.63M | $66.41M | $63.28M | $45.57M | $48.04M | $40.52M | $37.17M | $39.43M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | $0 |
| Total Liabilities | - | $485.18M | $485.06M | $496.37M | $503.12M | $80.25M | $83.69M | $76.67M | $74.73M | $74.88M |
| Stockholders' Equity | - | $362.05M | $350.12M | $344.02M | $334.04M | $357.03M | $338.50M | $327.18M | $322.91M | $324.94M |
| Retained Earnings | - | ($523.85M) | ($512.41M) | ($497.61M) | ($484.02M) | ($476.20M) | ($468.56M) | ($459.12M) | ($446.80M) | ($435.37M) |
Cash Flow
| Line item | FY 2026 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | - | ($5.66M) | - | - | - | $951.0K | - |
| Investing Cash Flow | - | - | - | - | ($389.41M) | - | - | - | $6.81M | - |
| Financing Cash Flow | - | - | - | - | $362.38M | - | - | - | ($4.51M) | - |
| CapEx | - | - | - | - | $485.0K | - | - | - | $306.0K | - |
| Free Cash Flow | - | - | - | - | ($6.15M) | - | - | - | $645.0K | - |
Ratios
| Metric | FY 2026 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | 56.8% | 58.6% | 59.0% | - | 58.9% | 59.4% | 57.8% | - |
| Operating margin | - | - | -11.4% | -14.2% | -15.7% | - | -12.1% | -16.1% | -16.2% | - |
| EBITDA margin | - | - | -10.3% | -13.2% | -12.2% | - | -11.0% | -15.0% | -12.9% | - |
| Net margin | - | - | -13.1% | -12.1% | -8.0% | - | -11.0% | -15.0% | -15.0% | - |
| Free cash flow margin | - | - | - | - | -6.3% | - | - | - | 0.8% | - |
| FCF / Net income | - | - | - | - | 0.79 | - | - | - | -0.06 | - |
| R&D / Revenue | - | - | 26.6% | 27.0% | 27.5% | - | 28.1% | 29.1% | 30.0% | - |
| SG&A / Revenue | - | - | 22.7% | 23.2% | 24.3% | - | 25.8% | 25.1% | 25.4% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | - | - | -1.8% | -1.6% | -0.9% | - | -2.2% | -3.0% | -2.9% | - |
| Return on equity | - | - | -4.2% | -4.0% | -2.3% | - | -2.8% | -3.8% | -3.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | 2.09 | 2.17 | 2.68 | 2.75 | 3.98 | 3.52 | 3.75 | 3.92 | 3.77 |
| Quick ratio | - | 2.09 | 2.17 | 2.68 | 2.75 | 3.98 | 3.52 | 3.75 | 3.92 | 3.77 |
| Cash ratio | - | 0.71 | 0.71 | 0.79 | 0.97 | 2.07 | 1.69 | 1.52 | 1.19 | 1.04 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | 0.00 |
| Debt / Assets | - | - | - | - | - | - | - | - | - | 0.00 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | -4.3x | -5.0x | -210.9x | - | -5.4x | -178.5x | -169.4x | - |
| Equity multiplier | - | 2.34 | 2.39 | 2.44 | 2.51 | 1.22 | 1.25 | 1.23 | 1.23 | 1.23 |
| Liabilities / Assets | - | 0.57 | 0.58 | 0.59 | 0.60 | 0.18 | 0.20 | 0.19 | 0.19 | 0.19 |
| Efficiency | ||||||||||
| Asset turnover | - | - | 0.14 | 0.13 | 0.12 | - | 0.20 | 0.20 | 0.19 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | 164d | 155d | 175d | - | 180d | 173d | 171d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | 54d | 53d | 47d | - | 58d | 63d | 74d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | 7.4x | 9.1x | 8.0x | - | 9.3x | 8.5x | 7.4x | - |
| P / S | - | - | 22.9x | 27.8x | 27.5x | - | 36.5x | 34.0x | 31.3x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | 31.5% | 36.4% | 28.5% | - | 26.9% | 24.9% | 26.9% | - |
| Revenue CAGR (3y) | - | - | 28.4% | 30.4% | 29.7% | - | 43.7% | 45.5% | 48.6% | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | 26.7% | 34.5% | 31.2% | - | 38.5% | 37.5% | 37.0% | - |
| Operating income growth (YoY) | - | - | -23.5% | -20.1% | -24.5% | - | 33.9% | 26.1% | 27.0% | - |
| Net income growth (YoY) | - | - | -56.8% | -10.3% | 31.6% | - | 39.0% | 30.7% | 32.6% | - |
| EPS growth (YoY) | - | - | -55.6% | 0.0% | 33.3% | - | 43.8% | 31.6% | 33.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | 1.4% | 3.4% | 5.1% | 3.4% | 9.9% | 5.2% | 1.4% | -1.6% | -2.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$443.64M totalSaa SSubscription Services$421.67M · 95.0%
Implementation Services$12.60M · 2.8%
Service Other$9.37M · 2.1%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing ALKAMI TECHNOLOGY against the 5 most active filers in the same SIC group.