NASDAQ : ALKT
Alkami Technology, Inc. — Financial statements
Technology · Software - Application · United States
Last price 12.4 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.33B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Alkami Technology, Inc. (ALKT) reported revenue of 511.68M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 511.68M | 443.64M | 333.85M | 264.83M | 204.27M | 152.16M |
| Cost of Revenue | 217.34M | 187.04M | 137.22M | 120.72M | 95.95M | 68.35M |
| Gross Profit | 294.34M | 256.60M | 196.63M | 144.11M | 108.32M | 83.81M |
| Selling, General & Admin | 188.85M | 181.03M | 143.41M | 121.46M | 108.06M | 74.57M |
| Research & Development | 126.19M | 118.40M | 96.21M | 84.66M | 69.33M | 48.80M |
| Amortization of Goodwill & Intangibles | 6.83M | 5.69M | 1.44M | 1.44M | 1.16M | 368.00K |
| Operating Expenses | 321.86M | 305.12M | 241.06M | 207.55M | 178.54M | 123.74M |
| Operating Income | -27.52M | -48.52M | -44.43M | -63.44M | -70.22M | -39.93M |
| Interest Expense | -8.97M | -9.49M | -461.00K | -7.38M | -3.85M | -1.19M |
| Interest & Investment Income | 2.95M | 4.16M | 4.56M | 8.10M | 2.70M | 487.00K |
| Other Non Operating Income (Expenses) | 534.00K | -200.00K | -3.04M | |||
| EBT Excluding Unusual Items | -33.54M | -53.84M | -40.33M | -62.20M | -71.57M | -43.67M |
| Merger & Restructuring Charges | -1.63M | -3.46M | -195.00K | -263.00K | 12.53M | -2.98M |
| Asset Writedown | -1.66M | |||||
| Other Unusual Items | -409.00K | -18.00K | ||||
| Pretax Income | -35.17M | -58.96M | -40.53M | -62.87M | -59.06M | -46.65M |
| Income Tax Expense | 1.87M | -11.31M | 308.00K | 44.00K | -461.00K | 172.00K |
| Net Income | -37.05M | -47.65M | -40.84M | -62.91M | -58.60M | -46.82M |
| Preferred Dividends & Other Adjustments | 277.00K | |||||
| Net Income to Common | -37.05M | -47.65M | -40.84M | -62.91M | -58.60M | -47.10M |
| Shares Outstanding (Basic) | 106.32M | 103.90M | 98.89M | 94.08M | 90.96M | 64.51M |
| Shares Outstanding (Diluted) | 106.32M | 103.90M | 98.89M | 94.08M | 90.96M | 64.51M |
| EPS (Basic) | -0.35 | -0.46 | -0.41 | -0.67 | -0.64 | -0.73 |
| EPS (Diluted) | -0.35 | -0.46 | -0.41 | -0.67 | -0.64 | -0.73 |
| Free Cash Flow | 54.08M | 41.36M | 17.40M | -18.56M | -39.10M | -30.08M |
| Free Cash Flow Per Share | 0.51 | 0.40 | 0.18 | -0.20 | -0.43 | -0.47 |
| Gross Margin | 57.52% | 57.84% | 58.90% | 54.42% | 53.03% | 55.08% |
| Operating Margin | -5.38% | -10.94% | -13.31% | -23.96% | -34.38% | -26.24% |
| Profit Margin | -7.24% | -10.74% | -12.23% | -23.76% | -28.69% | -30.95% |
| Free Cash Flow Margin | 10.57% | 9.32% | 5.21% | -7.01% | -19.14% | -19.77% |
| EBITDA | -14.54M | -38.21M | -39.32M | -58.21M | -66.04M | -37.19M |
| EBITDA Margin | -2.84% | -8.61% | -11.78% | -21.98% | -32.33% | -24.44% |
| D&A For EBITDA | 12.98M | 10.31M | 5.11M | 5.23M | 4.17M | 2.74M |
| EBIT | -27.52M | -48.52M | -44.43M | -63.44M | -70.22M | -39.93M |
| EBIT Margin | -5.38% | -10.94% | -13.31% | -23.96% | -34.38% | -26.24% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 50.32M | 63.46M | 94.36M | 40.93M | 108.72M | 308.58M |
| Short-Term Investments | 34.91M | 35.63M | 21.38M | 51.20M | 87.64M | |
| Cash & Short-Term Investments | 85.23M | 99.09M | 115.73M | 92.12M | 196.35M | 308.58M |
| Accounts Receivable | 61.51M | 51.49M | 38.74M | 35.50M | 25.50M | 19.47M |
| Other Receivables | 747.00K | 1.35M | ||||
| Receivables | 61.51M | 51.49M | 38.74M | 35.50M | 26.25M | 20.82M |
| Prepaid Expenses | 20.36M | 20.74M | 13.70M | 10.63M | 8.09M | 6.11M |
| Restricted Cash | 3.62M | 3.37M | ||||
| Other Current Assets | 18.68M | 15.89M | 13.21M | 10.33M | 7.86M | 6.27M |
| Total Current Assets | 185.78M | 187.22M | 181.38M | 148.59M | 242.16M | 345.16M |
| Property, Plant & Equipment | 45.41M | 40.11M | 36.64M | 32.70M | 28.23M | 11.83M |
| Goodwill | 403.40M | 403.40M | 148.05M | 148.05M | 148.02M | 48.09M |
| Other Intangible Assets | 139.08M | 158.94M | 29.02M | 35.81M | 42.59M | 11.16M |
| Long-Term Accounts Receivable | 4.60M | 3.60M | 1.90M | 1.50M | 500.00K | 700.00K |
| Long-Term Deferred Charges | 50.67M | 47.43M | 37.18M | 30.73M | 24.78M | 17.99M |
| Other Long-Term Assets | 6.23M | 6.52M | 3.11M | 2.45M | 2.60M | 1.57M |
| Total Assets | 835.18M | 847.23M | 437.28M | 399.82M | 488.88M | 436.51M |
| Accounts Payable | 11.37M | 5.84M | 6.13M | 7.48M | 4.29M | 3.65M |
| Accrued Expenses | 41.66M | 45.97M | 24.08M | 17.94M | 16.60M | 12.73M |
| Current Portion of Long-Term Debt | 3.19M | 1.56M | ||||
| Current Portion of Leases | 2.18M | 1.58M | 1.34M | 1.21M | 3.66M | |
| Current Income Taxes Payable | 1.17M | 1.15M | 3.72M | |||
| Current Unearned Revenue | 35.59M | 34.77M | 13.58M | 10.98M | 8.84M | 8.20M |
| Other Current Liabilities | 431.00K | 1.39M | 443.00K | 660.00K | 3.90M | 3.33M |
| Total Current Liabilities | 91.24M | 89.55M | 45.57M | 39.43M | 41.61M | 33.20M |
| Long-Term Debt | 337.73M | 351.23M | 81.39M | 23.05M | ||
| Long-Term Leases | 18.18M | 15.74M | 17.11M | 18.05M | 15.82M | |
| Long-Term Unearned Revenue | 25.39M | 25.80M | 15.53M | 15.38M | 13.90M | 13.87M |
| Long-Term Deferred Tax Liabilities | 2.85M | 2.62M | 1.82M | 1.71M | 1.71M | 85.00K |
| Other Long-Term Liabilities | 251.00K | 237.00K | 220.00K | 305.00K | 400.00K | 21.69M |
| Total Liabilities | 475.63M | 485.18M | 80.25M | 74.88M | 154.84M | 91.90M |
| Common Stock | 107.00K | 106.00K | 102.00K | 97.00K | 92.00K | 90.00K |
| Additional Paid-In Capital | 908.91M | 885.80M | 833.13M | 760.21M | 706.41M | 658.37M |
| Retained Earnings | -549.46M | -523.85M | -476.20M | -435.37M | -372.45M | -313.85M |
| Total Common Equity | 359.55M | 362.05M | 357.03M | 324.94M | 334.05M | 344.61M |
| Shareholders' Equity | 359.55M | 362.05M | 357.03M | 324.94M | 334.05M | 344.61M |
| Total Liabilities & Equity | 835.18M | 847.23M | 437.28M | 399.82M | 488.88M | 436.51M |
| Total Debt | 358.09M | 368.55M | 18.45M | 19.26M | 104.05M | 24.62M |
| Net Cash (Debt) | -272.86M | -269.45M | 97.28M | 72.87M | 92.30M | 283.96M |
| Net Cash Per Share | -2.57 | -2.59 | 0.98 | 0.77 | 1.01 | 4.40 |
| Filing Date Shares Outstanding | 107.04M | 106.15M | 102.23M | 96.76M | 92.30M | 90.22M |
| Total Common Shares Outstanding | 107.04M | 106.10M | 102.09M | 96.72M | 92.11M | 89.95M |
| Working Capital | 94.55M | 97.67M | 135.81M | 109.16M | 200.55M | 311.96M |
| Book Value Per Share | 3.36 | 3.41 | 3.50 | 3.36 | 3.63 | 3.83 |
| Tangible Book Value | -182.94M | -200.30M | 179.96M | 141.08M | 143.44M | 285.36M |
| Tangible Book Value Per Share | -1.71 | -1.89 | 1.76 | 1.46 | 1.56 | 3.17 |
| Machinery | 3.94M | 3.28M | 2.93M | 10.35M | 9.59M | 8.83M |
| Leasehold Improvements | 10.24M | 10.23M | 10.23M | 12.31M | 11.71M | 11.71M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -37.05M | -47.65M | -40.84M | -62.91M | -58.60M | -46.82M |
| Depreciation & Amortization | 12.98M | 10.31M | 5.11M | 5.23M | 4.17M | 2.74M |
| Other Amortization | 21.89M | 18.55M | 5.61M | 5.54M | 4.03M | 750.00K |
| Asset Writedown & Restructuring Costs | 1.66M | |||||
| Stock-Based Compensation | 73.88M | 76.19M | 59.44M | 51.23M | 44.59M | 14.54M |
| Other Operating Activities | 125.00K | -12.65M | -966.00K | -3.76M | -16.34M | 3.12M |
| Change in Accounts Receivable | -10.84M | -11.28M | -3.24M | -9.25M | -4.01M | -6.28M |
| Change in Accounts Payable | 5.41M | 19.71M | 3.32M | 91.00K | -1.37M | 6.83M |
| Change in Unearned Revenue | 4.95M | 9.73M | 2.74M | 3.63M | 522.00K | 1.05M |
| Change in Other Net Operating Assets | -15.62M | -21.66M | -12.57M | -7.29M | -11.04M | -4.88M |
| Operating Cash Flow | 55.74M | 42.91M | 18.60M | -17.50M | -38.05M | -28.96M |
| Capital Expenditures | -1.66M | -1.54M | -1.20M | -1.06M | -1.06M | -1.12M |
| Cash Acquisitions | -375.50M | -131.84M | -18.33M | |||
| Sale (Purchase) of Intangibles | -7.32M | -7.15M | -6.66M | -5.23M | -3.39M | -2.58M |
| Investment in Securities | -1.03M | -13.41M | 30.90M | 40.20M | -87.47M | |
| Investing Cash Flow | -10.02M | -397.59M | 23.04M | 33.91M | -223.75M | -22.02M |
| Long-Term Debt Issued | 395.51M | 85.00M | ||||
| Total Debt Issued | 395.51M | 85.00M | ||||
| Long-Term Debt Repaid | -45.00M | -85.00M | -24.69M | -313.00K | ||
| Total Debt Repaid | -25.00M | -45.00M | -85.00M | -24.69M | -313.00K | |
| Net Debt Issued (Repaid) | -25.00M | 350.51M | -85.00M | 60.31M | -313.00K | |
| Issuance of Common Stock | 8.52M | 9.05M | 24.98M | 17.11M | 5.30M | 205.57M |
| Repurchase of Common Stock | -36.24M | -12.82M | -15.98M | -2.67M | -3.50M | |
| Preferred Dividends Paid | -4.97M | |||||
| Dividends Paid | -4.97M | |||||
| Other Financing Activities | -35.78M | -363.00K | -3.94M | -1.77M | -4.52M | |
| Financing Cash Flow | -52.72M | 323.79M | 11.79M | -87.82M | 61.18M | 192.27M |
| Net Cash Flow | -7.00M | -30.90M | 53.43M | -71.41M | -200.62M | 141.29M |
| Free Cash Flow | 54.08M | 41.36M | 17.40M | -18.56M | -39.10M | -30.08M |
| Free Cash Flow Margin | 10.57% | 9.32% | 5.21% | -7.01% | -19.14% | -19.77% |
| Free Cash Flow Per Share | 0.51 | 0.40 | 0.18 | -0.20 | -0.43 | -0.47 |
| Levered Free Cash Flow | 70.36M | 85.28M | 31.06M | 4.25M | -4.03M | -10.04M |
| Unlevered Free Cash Flow | 73.68M | 89.26M | 31.14M | 8.72M | -1.76M | -9.35M |
| Cash Interest Paid | 5.94M | 5.94M | 283.00K | 7.06M | 3.61M | 1.10M |
| Cash Income Tax Paid | 676.00K | 676.00K | 375.00K | 332.00K | 249.00K | 32.00K |
| Change in Working Capital | -16.10M | -3.50M | -9.76M | -12.83M | -15.90M | -3.29M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.33B | 2.42B | 3.69B | 2.31B | 1.33B | 1.77B |
| Enterprise Value | 1.60B | 2.71B | 3.60B | 2.24B | 1.21B | 1.48B |
| Last Close Price | 12.40 | 23.07 | 36.68 | 24.25 | 14.59 | 20.06 |
| Forward PE | 11.79 | 30.12 | 82.78 | 204.64 | ||
| PS Ratio | 2.59 | 5.46 | 11.04 | 8.73 | 6.53 | 11.62 |
| PB Ratio | 3.69 | 6.69 | 10.32 | 7.12 | 4.00 | 5.13 |
| P/TBV Ratio | 20.48 | 16.39 | 9.30 | 6.20 | ||
| P/FCF Ratio | 24.55 | 58.56 | 211.83 | |||
| P/OCF Ratio | 23.81 | 56.46 | 198.22 | |||
| EV/Sales Ratio | 3.13 | 6.11 | 10.79 | 8.45 | 5.92 | 9.72 |
| EV/FCF Ratio | 29.59 | 65.52 | 207.10 | |||
| Debt / Equity Ratio | 1.00 | 1.02 | 0.05 | 0.06 | 0.31 | 0.07 |
| Debt / FCF Ratio | 6.62 | 8.91 | 1.06 | |||
| Net Debt / Equity Ratio | 0.76 | 0.74 | -0.27 | -0.22 | -0.28 | -0.82 |
| Net Debt / EBITDA Ratio | -18.77 | -7.05 | 2.47 | 1.25 | 1.40 | 7.64 |
| Net Debt / FCF Ratio | 5.05 | 6.51 | -5.59 | 3.93 | 2.36 | 9.44 |
| Asset Turnover | 0.61 | 0.69 | 0.80 | 0.60 | 0.44 | 0.44 |
| Quick Ratio | 1.61 | 1.68 | 3.39 | 3.24 | 5.35 | 9.92 |
| Current Ratio | 2.04 | 2.09 | 3.98 | 3.77 | 5.82 | 10.40 |
| Return on Equity (ROE) | -10.44% | -13.25% | -11.97% | -19.09% | -17.27% | -17.86% |
| Return on Assets (ROA) | -2.06% | -4.72% | -6.64% | -8.92% | -9.49% | -7.28% |
| Return on Capital Employed (ROCE) | -3.70% | -6.40% | -11.30% | -17.60% | -15.70% | -9.90% |
| Earnings Yield | -2.81% | -1.97% | -1.11% | -2.72% | -4.39% | -2.65% |
| FCF Yield | 4.07% | 1.71% | 0.47% | -0.80% | -2.93% | -1.70% |
| Buyback Yield / Dilution | -3.41% | -5.06% | -5.12% | -3.44% | -40.99% | -1,241.30% |