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

Alkami Technology (NASDAQ:ALKT) posted its quarterly earnings data on Wednesday. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.26), FiscalAI reports. The firm had revenue of $134.91 million for the quarter, compared to analyst estimates of $133.54 million. Alkami Technology had a negative return on equity of 4.73% and a negative net margin of 7.24%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.14) EPS.

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

• Third-quarter results exceeded expectations: Revenue rose 19% year over year to $134.9 million, while Adjusted EBITDA reached $26.3 million, a 19.5% margin. Management raised full-year revenue guidance to $530.5 million–$532 million and Adjusted EBITDA guidance to $98 million–$99 million.
• Alkami reported strong platform expansion, including 19% live ARR growth, 5% ARPU growth to $21.88, a $56 million ARR backlog, and 2.8 million additional digital users over the past year. Cross-selling DSSP products and growing adoption among existing customers remain key drivers.
• New digital banking logo activity remained below the company’s historical pace, with 16 year-to-date wins versus an average of 21 through the third quarter in prior public-company years. Management attributed some lost or delayed opportunities to uncertainty surrounding the strategic review and cautioned that the timing of a recovery in bookings remains unclear.
• Third-quarter gross margin was 63.1%, pressured by product mix and higher third-party costs, and management expects some of that pressure to continue in the fourth quarter. Longer term, Alkami still targets gross margin approaching 70%, supported by hosting, implementation, support, and AI-related efficiencies.
• Management is positioning AI as a major future growth opportunity, developing agentic banking experiences, AI-powered onboarding tools, and potential fraud applications combining analytics with dynamic workflows. AI products already represent approximately 10% of revenue, although broader benefits and investment priorities are expected to develop gradually through 2027.

Alkami Technology Trading Down 18.3%

NASDAQ:ALKT opened at $12.69 on Friday. The company has a market cap of $1.36 billion, a P/E ratio of -37.32 and a beta of 0.60. Alkami Technology has a twelve month low of $12.10 and a twelve month high of $24.47. The business has a 50 day moving average price of $16.77 and a two-hundred day moving average price of $17.32. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.98.

More Alkami Technology News

Here are the key news stories impacting Alkami Technology this week:

• Positive Sentiment: Third-quarter revenue increased 19.4% year over year to $134.9 million, slightly exceeding the $133.5 million consensus estimate. GAAP gross margin improved to 57.5%, while adjusted EBITDA rose to $26.3 million from $16.0 million a year earlier. Alkami Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Alkami generated $21.9 million in operating cash flow during the quarter, and General Atlantic reportedly made substantial purchases of ALKT shares, potentially signaling continued long-term investor confidence. Alkami Q3 2026 Earnings

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ALKT shares. Citigroup cut shares of Alkami Technology from a “market outperform” rating to a “market perform” rating in a research report on Thursday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Alkami Technology in a research note on Wednesday, September 2nd. Citizens Jmp lowered shares of Alkami Technology from an “outperform” rating to a “market perform” rating in a report on Thursday. William Blair cut shares of Alkami Technology from an “outperform” rating to a “market perform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on Alkami Technology from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Thursday. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $19.00.

Alkami Technology Company Profile

Alkami Technology, Inc provides cloud-based digital banking solutions for financial institutions, primarily community banks and credit unions in the United States. Its platform is designed to help institutions deliver digital experiences across online and mobile channels while managing customer relationships and banking operations.

The company’s products and services include digital account opening, online and mobile banking, payments, money movement, card management, financial wellness tools, data and analytics, marketing capabilities, and fraud prevention.