#United States #Plano #Alkami Technology #Digital Banking Solutions #Q1 2026 Results

Alkami Technology Announces First Quarter 2026 Financial Results

Alkami Technology, Inc., recognized as a leader in delivering cloud-based digital banking solutions for financial institutions in the United States, recently shared its financial performance for the first quarter ending March 31, 2026, revealing a significant upward trajectory in various key metrics.

Key Financial Highlights

The company reported a total revenue of $126.1 million, reflecting a remarkable 28.9% increase compared to the same quarter last year. This growth is supported by a GAAP gross margin of 58.6%, slightly down from 59.0% in the previous year, and a non-GAAP gross margin of 64.4%, also a marginal improvement from 64.3%.

Despite facing a GAAP net loss of $10 million, an increase from the $7.8 million loss reported in the prior year, Alkami demonstrated resilience with an adjusted EBITDA of $22.3 million, which doubled from $12.1 million in the same quarter last year.

Leadership Insight

Alex Shootman, Chief Executive Officer of Alkami, stated, "Our first quarter performance reflects our strong operational capability, with a revenue growth of 29%. The signing of six new digital banking clients and 14 new logos with MANTL exemplifies the increasing demand for our innovative Digital Sales and Service Platform (DSSP)."

The DSSP continues to garner attention as financial institutions increasingly seek integrated solutions for onboarding, digital banking, and advanced marketing analytics. Remarkably, half of the newly signed clients for the quarter utilize the DSSP, indicative of its strong market relevance.

Cassandra Hudson, Chief Financial Officer, added that over the past year, the number of registered users on Alkami's platform surged by 2.5 million, concluding the quarter with 23 million users. The company reported a rise in annual recurring revenue (ARR) to $493.6 million, marking a 22% increase from the previous fiscal year.

Share Repurchase Program

In addition to its stellar financial performance, Alkami’s Board of Directors authorized a share repurchase program, allowing the company to buy back up to $100 million of its common stock through open market transactions or private negotiations. This move reflects Alkami's commitment to enhancing shareholder value while strategically allocating capital to drive growth through acquisitions and reduce debt.

Forward-Looking Statements

Alkami has provided guidance for its second quarter of fiscal year 2026, estimating revenues between $128 million and $129 million, and anticipated adjusted EBITDA ranging from $17.9 million to $18.7 million. The company's outlook for the fiscal year concludes with projected revenues between $527.1 million to $530.9 million, alongside expected adjusted EBITDA ranging from $94.9 million to $97.9 million.

Conference Call Details

For investors seeking in-depth insights, Alkami will host a conference call today at 5:00 PM ET. This discussion will delve into financial outcomes and strategies moving forward, available for live streaming on the Alkami investor relations website.

About Alkami

Alkami Technology Inc. specializes in delivering a comprehensive digital sales and service platform tailored for U.S. banks and credit unions. As the industry pivots towards Anticipatory Banking, their platform integrates solutions for onboarding, digital banking, and marketing analytics, aiming to empower financial institutions to meet evolving customer demands effectively.

As Alkami forges ahead, it remains focused on innovation and responsiveness to market needs, aligning operations with the strategic vision for sustainable growth and enhanced customer relationships.