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Alkami Technology's Second Quarter 2026 Financial Overview

Alkami Technology, Inc. (Nasdaq: ALKT), recognized as a key player in providing digital sales and service platforms for financial institutions, disclosed its financial results for the second quarter ending June 30, 2026. The company demonstrated remarkable growth in both revenue and user engagement, reflecting its successful strategic initiatives and the increasing demand for modern digital banking solutions.

Financial Highlights

In Q2 2026, Alkami reported total revenue of $129.8 million, which signifies a 15.9% increase compared to the same period last year. This growth in revenue was complemented by a GAAP gross margin of 56.8%. However, it's worth noting that this margin experienced a slight decrease from the 58.6% reported in the previous year. On a non-GAAP basis, the gross margin stood at 63.0%, reflecting a decline from 65.1% in Q2 2025.

The company's net loss for the quarter amounted to $(8.9 million), an improvement from the $(13.6 million) loss reported in the same quarter of the preceding year. Furthermore, Alkami recorded an adjusted EBITDA of $19.4 million, which has notably increased from $11.9 million in Q2 2025. This performance indicates a robust operational capability and offers optimism for future profitability.

Strategic Insights

Alex Shootman, the CEO of Alkami, attributed these accomplishments to their ongoing expansion of client relationships and product offerings, which have surpassed expectations. He noted, "The demand for modern digital solutions remains robust, evidenced by the acquisition of 37 new digital banking logos over the past year, including 15 banks." This indicates a strong market position for the company and a solid pipeline anticipated for the latter half of 2026.

Alkami's investment in building out its Digital Sales and Service Platform is evident, as the company successfully launched five new clients during the second quarter. This endeavor aims to strengthen customer relationships by delivering modern financial experiences that foster growth through digital service integration.

Cassandra Hudson, the CFO of Alkami, provided additional insights on user engagement, revealing that the company added 2.7 million registered users to its digital banking platform within the last year, ultimately ending the quarter with 23.6 million digital banking users. Annual recurring revenue (ARR) has reached $511.7 million, reflecting a 21% increase year-over-year. Additionally, revenue per registered user rose by 7.0%, now at $21.69.

Future Outlook

Looking forward, Alkami has set ambitious revenue targets for Q3 2026, forecasting between $132.7 million and $134.2 million in GAAP total revenue and an adjusted EBITDA ranging from $23.5 million to $24.3 million. For the entire fiscal year ending December 31, 2026, the expected revenue is projected between $528.0 million and $531.0 million, with adjusted EBITDA anticipated between $96.0 million and $98.0 million.

These forward-looking statements provide shareholders and investors with a positive outlook on the company's growth trajectory and its ability to navigate the competitive landscape of financial technology.

The continued dedication of Alkami to advance its technology and foster client relationships positions it as a burgeoning force in the digital banking sector.

Investor Engagement

In connection with the financial results announcement, Alkami will host a conference call at 5:00 p.m. ET, during which management will further discuss the results and engage with investors. A live webcast of the event will be accessible via Alkami’s investor relations website, ensuring transparency and communication with stakeholders.

Through innovative strategies and a clear focus on enhancing customer experience, Alkami Technology is poised for continued success in the financial technology domain, making it a company to watch in the evolving landscape of digital banking.