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Alkami Technology Reports Third Quarter 2025 Results

On October 30, 2025, Alkami Technology, Inc. (Nasdaq: ALKT) unveiled its financial performance for the third quarter ending September 30, 2025. The company, which specializes in cloud-based digital banking solutions, showcased noteworthy growth and expansion in its service offerings during this period, demonstrating its strong position in the financial technology sector.

Financial Highlights

Alkami reported a total revenue of $113.0 million, marking a 31.5% increase compared to the same quarter of the previous year. This growth reflects the rising demand for digital banking solutions among financial institutions. The company also noted a GAAP gross margin of 56.8%, which, although lower than the year-ago figure of 58.9%, still indicates robust operational efficiency.

In terms of profitability, Alkami posted a GAAP net loss of $(14.8) million, a significant increase compared to the $(9.4) million loss a year prior. However, the adjusted EBITDA showed a positive trend, being reported at $16.0 million, an increase from $8.3 million year-over-year, highlighting the company's ability to scale effectively despite the net loss.

Remarks from Leadership

CEO Alex Shootman expressed his satisfaction with the quarter's performance, emphasizing the successful onboarding of 13 new financial institutions, including six banks. This achievement sets a record for Alkami and underscores the increasing acceptance of their services in the market. "We are excited about the strong demand from regional and community financial institutions, which continues to fuel our growth and partnerships," said Shootman.

CFO Bryan Hill highlighted the company’s annual recurring revenue (ARR) total of $449 million, reflecting a 31% increase, and a revenue per registered user of $20.83, up 19% from the previous year. The performance exceeded the planned Adjusted EBITDA target by 18%, showcasing Alkami’s effective management as they navigate market dynamics.

Fourth Quarter and Future Outlook

Looking ahead, Alkami provided guidance for its fourth quarter ending December 31, 2025, with expected GAAP total revenue in the range of $119.6 million to $121.1 million. For the entire fiscal year, GAAP revenue is projected to be between $442.5 million and $444.0 million, with an Adjusted EBITDA guidance of $56.0 million to $57.0 million.

These projections paint a positive picture of Alkami’s financial trajectory and its solid foundation in the competitive digital banking sector. The company is strategically positioned to capitalize on growing digital banking demands and demonstrate resilience in financial innovation.

Conference Call Details

In conjunction with the release of its financial results, Alkami will host a conference call today at 5:00 PM ET to delve deeper into its performance and strategic direction. Investors and interested parties can also access a live webcast via Alkami's investor relations website where a recording will be made available post-conference.

About Alkami Technology

Established as a key player in facilitating digital banking solutions, Alkami aims to empower financial institutions to grow and adapt within a rapidly evolving market. By providing comprehensive services that encompass retail and business banking, payments, and innovative data marketing solutions, Alkami is set to continue its trajectory of growth and development in the digital financial services landscape.

In conclusion, Alkami’s third quarter performance is a strong indicator of its operational capabilities and market position, with promising projections leading into the fourth quarter and beyond. With a robust growth strategy and an expanding client base, the future looks bright for this leader in digital banking technology.