Alkami Technology Inc
NASDAQ:ALKT
Alkami Technology Inc
Alkami Technology Inc. emerged in the competitive fintech landscape as a dynamic force dedicated to revolutionizing digital banking experiences. Founded with the vision of bridging the gap between traditional financial institutions and modern technological demands, Alkami provides cloud-based digital banking solutions. Its platform primarily serves mid-sized banks and credit unions, enabling them to offer intuitive and seamless online and mobile banking experiences to their customers. Alkami’s offerings include a comprehensive suite of tools including account opening, loan applications, and financial management, all crafted to enhance customer engagement and streamline digital interactions. By tailoring its solutions to meet the specific needs of community financial institutions, Alkami essentially empowers them to compete with larger banks and fintech startups with more robust, user-centric digital services.
The company’s revenue model leans heavily on subscription-based fees, making it a stable source of recurring income. Financial institutions pay for access to Alkami's technology, including initial setup and ongoing support. This Software-as-a-Service (SaaS) model allows the company to scale efficiently, catering to an expanding client base without the traditional constraints of on-premise software implementations. In addition to subscription fees, Alkami strategically monetizes through its advanced analytics and data-driven insights, which help its clients better understand and serve their end-users. As digital transformation continues to accelerate within the financial sector, Alkami positions itself at the forefront, profiting not only from technological advancements but also from the growing demand for personalized and secure banking experiences.
Alkami Technology Inc. emerged in the competitive fintech landscape as a dynamic force dedicated to revolutionizing digital banking experiences. Founded with the vision of bridging the gap between traditional financial institutions and modern technological demands, Alkami provides cloud-based digital banking solutions. Its platform primarily serves mid-sized banks and credit unions, enabling them to offer intuitive and seamless online and mobile banking experiences to their customers. Alkami’s offerings include a comprehensive suite of tools including account opening, loan applications, and financial management, all crafted to enhance customer engagement and streamline digital interactions. By tailoring its solutions to meet the specific needs of community financial institutions, Alkami essentially empowers them to compete with larger banks and fintech startups with more robust, user-centric digital services.
The company’s revenue model leans heavily on subscription-based fees, making it a stable source of recurring income. Financial institutions pay for access to Alkami's technology, including initial setup and ongoing support. This Software-as-a-Service (SaaS) model allows the company to scale efficiently, catering to an expanding client base without the traditional constraints of on-premise software implementations. In addition to subscription fees, Alkami strategically monetizes through its advanced analytics and data-driven insights, which help its clients better understand and serve their end-users. As digital transformation continues to accelerate within the financial sector, Alkami positions itself at the forefront, profiting not only from technological advancements but also from the growing demand for personalized and secure banking experiences.
Revenue Growth: Alkami reported Q3 2025 revenue of $113 million, up 31.5% year-over-year, with organic growth exceeding 20%.
Profitability: Adjusted EBITDA more than doubled year-over-year to $16 million, with a margin of 14.1%.
Guidance Raised: Full-year adjusted EBITDA guidance was raised by nearly $4 million, now expected at $56–57 million.
Client Momentum: Alkami added 10 new Digital Banking Platform clients and 29 new MANTL clients in Q3, including its largest new logo ever.
Backlog and ARR: The company exited Q3 with $449 million in ARR and $67 million of ARR in backlog for implementation, providing strong visibility into future growth.
MANTL Integration: MANTL is nearing $60 million in ARR, ahead of expectations, and cross-sell activity is driving record shared client wins.
Operating Leverage: Gross margin expanded nearly 100 basis points year-over-year to 63.7%, with ongoing improvements in cost efficiency.
CFO Transition: Cassandra Hudson was announced as the new CFO, succeeding Bryan Hill, who is retiring after 6.5 years.
