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…
Earnings analysis · 10-Q
ALKT earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
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%…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.166
- Gross margin
- 58.6%
What stood out
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Strong Revenue Growth
Reported revenue for Q1 2026 was $126.1 million, up 28.9% year-over-year.
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EPS Exceeds Expectations
EPS reported at $0.166, surpassing estimates of $0.15 by 10.67%.
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High SaaS Revenue Contribution
SaaS subscription services contributed 95.8% of total revenues in the quarter.
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Increase in Annual Recurring Revenue
Annual recurring revenue reached $493.6 million, a 22% increase year-over-year.
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Client Acquisition Growth
The company expanded its client base, serving 307 financial institutions as of March 31, 2026.
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Forward Guidance
Management anticipates Q2 2026 revenues between $128.0 million and $129.0 million.
What to watch
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Decline in Gross Margin
Gross margin declined to 58.6% from 59.0% year-over-year.
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Increased Net Loss
Net losses widened to $10.0 million for Q1 2026 from $7.8 million in Q1 2025.
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Ongoing Operational Costs
Continuous investment in sales and marketing may pressure future profits.
Management's outlook
Management expects Q2 2026 revenue to be between $128.0 million and $129.0 million.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.