Alkami Technology (NASDAQ:ALKT) Releases Quarterly Earnings Results, Misses Estimates By $0.26 EPS

Alkami Technology (NASDAQ:ALKT) posted its quarterly earnings data on Wednesday. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.26), FiscalAI reports. The business had revenue of $120.79 million for the quarter, compared to the consensus estimate of $120.14 million. Alkami Technology had a negative return on equity of 5.73% and a negative net margin of 10.63%.The company’s revenue was up 34.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) EPS.

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

• Alkami reported a strong 2025 with 33% full-year revenue growth, ARR up 35% to $480M, adjusted EBITDA more than doubling to $59.1M, and $71M of ARR backlog pending implementation.
• The MANTL acquisition and the integrated Digital Sales & Service Platform (DSSP) materially boosted cross‑sell — DSSP deals delivered a ~30% ARR uplift and the number of clients buying all three products rose from 11 to 45 in 2025.
• 2026 guidance calls for $525.5M–$530.5M revenue (18.5%–19.6% growth) and adjusted EBITDA margin expansion to ~18% (midpoint), implying slower top‑line growth but continued margin improvement; management expects most of the $71M backlog to launch within 12 months.
• Management highlights AI initiatives (fraud models, Segment engine, upcoming Code Studio, and a data lake) and early internal AI gains — including an 18% developer productivity increase and time savings in implementation/support — as potential long‑term revenue and efficiency drivers.
• Near‑term headwinds include a temporary ~$2M increase in database licensing costs (unexpected vendor price jump), a modeled decline in termination fee revenue (75% drop), and slightly longer DSSP implementation timelines that may push some revenue into later quarters.

Alkami Technology Trading Down 10.8%

Shares of NASDAQ ALKT opened at $14.60 on Thursday. The stock has a market capitalization of $1.53 billion, a P/E ratio of -33.82 and a beta of 0.53. The business has a fifty day moving average price of $20.17 and a 200 day moving average price of $22.00. Alkami Technology has a 1-year low of $14.11 and a 1-year high of $31.66. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.17 and a quick ratio of 2.17.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Zacks Research downgraded shares of Alkami Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Needham & Company LLC reduced their target price on shares of Alkami Technology from $32.00 to $22.00 and set a “buy” rating for the company in a report on Thursday. Barclays lowered their target price on shares of Alkami Technology from $30.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, October 31st. JPMorgan Chase & Co. decreased their price target on Alkami Technology from $38.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Alkami Technology in a research report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $29.14.

Insider Buying and Selling

In related news, insider Douglas A. Linebarger sold 8,179 shares of Alkami Technology stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $20.34, for a total value of $166,360.86. Following the completion of the sale, the insider directly owned 221,751 shares in the company, valued at $4,510,415.34. This trade represents a 3.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 18.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. North Reef Capital Management LP raised its holdings in Alkami Technology by 1,545.7% in the 4th quarter. North Reef Capital Management LP now owns 2,100,000 shares of the company’s stock worth $48,447,000 after purchasing an additional 1,972,396 shares during the period. Cadian Capital Management LP purchased a new stake in Alkami Technology during the 4th quarter worth approximately $26,969,000. Janus Henderson Group PLC increased its position in shares of Alkami Technology by 40.3% during the fourth quarter. Janus Henderson Group PLC now owns 3,208,436 shares of the company’s stock worth $74,019,000 after purchasing an additional 921,055 shares in the last quarter. Bamco Inc. NY raised its position in shares of Alkami Technology by 80.6% in the second quarter. Bamco Inc. NY now owns 1,330,484 shares of the company’s stock valued at $40,101,000 after buying an additional 593,659 shares during the last quarter. Finally, Praesidium Investment Management Company LLC lifted its stake in Alkami Technology by 30.4% in the 3rd quarter. Praesidium Investment Management Company LLC now owns 2,017,572 shares of the company’s stock worth $50,116,000 after purchasing an additional 470,522 shares in the last quarter. 54.97% of the stock is currently owned by institutional investors and hedge funds.

About Alkami Technology

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.