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Alkami Technology Reports Impressive Third Quarter Financial Performance for 2026

Alkami Technology, Inc., listed on Nasdaq (ALKT), is a leading provider of digital sales and service platforms tailored for U.S. financial institutions. On October 28, 2026, the company unveiled its financial results for the third quarter ending September 30, 2026, revealing significant growth and operational advancements in its digital banking sector.

Financial Highlights of Q3 2026

During this quarter, Alkami reported total revenues of $134.9 million, marking a 19.4% increase compared to the same period last year. The gross margin exhibited a slight improvement, with figures showing 57.5%, an uptick from 56.8% year-over-year. Furthermore, non-GAAP gross margins stood at 63.1%, reflecting a minor decrease from 63.7% in the prior year.

Alkami recorded a net loss of $6.7 million, a notable reduction from $14.8 million in the same quarter of the previous year. Adjusted EBITDA for the quarter reached $26.3 million, compared to $16.0 million in Q3 2025, indicating effective cost management and operational efficiency.

Executive Insights

CEO Alex Shootman expressed satisfaction with the company's performance, stating, "Our revenue growth of 19% for the third quarter and the adjusted EBITDA achievement of $26 million exceeded our expectations. We are witnessing a sustained demand for innovative digital solutions from financial institutions striving to compete against larger banks and fintech companies. Our focus on increasing the adoption of AI technologies within our operations also continues to set us apart in the marketplace."

Alkami’s CFO, Cassandra Hudson, highlighted that the company welcomed 2.8 million new registered users to its digital banking platform over the last twelve months, culminating in a total of 24.4 million digital banking users by the end of the quarter. The company also celebrated an annual recurring revenue of $533 million, which signifies a 19% increase year-over-year, while revenue per registered user rose by 5% to $21.88.

Future Outlook

Looking ahead, Alkami is optimistic about its financial future, providing guidance for the fourth quarter of 2026. The company forecasts total revenue to be between $139.7 million and $141.2 million, and expects adjusted EBITDA to range between $30 million to $31 million. For the full fiscal year ending December 31, 2026, Alkami anticipates total revenue between $530.5 million and $532 million, along with adjusted EBITDA estimated at $98 million to $99 million.

Conference Call Details

To delve deeper into the financial results, Alkami will conduct a conference call at 5 PM ET on the same day of the announcement, offering investors a live discussion platform to gain insights into the company’s performance and future strategies. Interested parties can access the live webcast via the Alkami investor relations website.

About Alkami Technology

Alkami Technology specializes in transforming the way financial institutions operate through its comprehensive digital platform that encompasses onboarding, digital banking solutions, and advanced data marketing tools. This integrated approach is crafted to help banks and credit unions enhance customer engagement, streamline operations, and better seize growth opportunities in a rapidly evolving financial landscape. The company is poised to respond to trends in anticipatory banking, where data-driven decision-making leads to proactive customer relationship management.

In conclusion, the third-quarter results underscore Alkami's commitment to innovation and growth, establishing a unique position within the financial technology sector. As the industry continues to evolve with the integration of AI and digital services, Alkami remains dedicated to providing tools that empower financial institutions to succeed in a competitive environment.