ALKT earnings analysis
What we found in ALKT's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Alkami's Q1 2026 results show a revenue of $126.1 million, a 28.9% year-over-year increase, and an EPS of $0.166, beating estimates by 10.67%. The company's SaaS subscription revenue continued to dominate, forming 95.8% of total revenue. However, gross margin slightly declined to 58.6%, indicating rising cost pressures.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Reported revenue for Q1 2026 was $126.1 million, up 28.9% year-over-year.
- EPS Exceeds Expectations
- EPS reported at $0.166, surpassing estimates of $0.15 by 10.67%.
- High SaaS Revenue Contribution
- SaaS subscription services contributed 95.8% of total revenues in the quarter.
- Increase in Annual Recurring Revenue
- Annual recurring revenue reached $493.6 million, a 22% increase year-over-year.
- Client Acquisition Growth
- The company expanded its client base, serving 307 financial institutions as of March 31, 2026.
- Forward Guidance
- Management anticipates Q2 2026 revenues between $128.0 million and $129.0 million.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decline in Gross Margin
- Gross margin declined to 58.6% from 59.0% year-over-year.
- Increased Net Loss
- Net losses widened to $10.0 million for Q1 2026 from $7.8 million in Q1 2025.
- Ongoing Operational Costs
- Continuous investment in sales and marketing may pressure future profits.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.166
- Gross margin
- 58.6%
What they said about what is next.
Management expects Q2 2026 revenue to be between $128.0 million and $129.0 million.
The filing reads better than the one before it.
What came before.
- 10-K · February 26, 2026
- Alkami reported strong top-line expansion with total revenues of $443.6 million in 2025 (up 32.9% y/y) and registered users growing to 22.4 million (up 12.1% y/y), driven by cross-sell and product expansion. The…
- 10-Q · July 31, 2025
- Alkami reported quarterly revenue of $112,059,000 (three months ended June 30, 2025), up from $82,160,000 a year earlier, driven by SaaS subscription growth and the March 17, 2025 MANTL acquisition. GAAP results show a…
- 10-Q · May 1, 2025
- Alkami reported Q1 revenue of $97.835 million (up from $76.127 million a year ago) driven by SaaS subscription growth and the March 17, 2025 acquisition of MANTL. Gross profit was $57.760 million (gross margin ~59.0%),…
- 10-K · February 28, 2025
- Alkami reported strong top-line growth in 2024 with total revenues of $333.8 million, up 26.1% year-over-year, driven by registered user growth to 20.0 million and expansion of products per client. The company remains…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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