Alkami Technology, Inc. logo ALKT - Alkami Technology, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 10
HOLD 2
SELL 0
STRONG
SELL 0
| PRICE TARGET: $22.00 DETAILS
HIGH: $22.00
LOW: $22.00
MEDIAN: $22.00
CONSENSUS: $22.00
UPSIDE: 30.95%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019
Revenue
Revenue 443.6 333.8 264.8 204.3 152.2 112.1 73.5
Cost of Revenue 187.0 137.2 120.7 95.9 68.4 53.0 43.1
Gross Profit 256.6 196.6 144.1 108.3 83.8 59.2 30.4
Operating Expenses
R&D Expenses 118.4 96.2 84.7 69.3 48.8 40.2 32.7
SG&A Expenses 181.0 143.4 121.5 108.1 77.9 53.1 40.2
Other Expenses 10.8 1.6 1.7 1.2 0 0.9 0
Operating Expenses 310.2 241.3 207.8 178.5 126.7 94.3 73.0
Operating Income
Operating Income (53.6) (44.6) (63.7) (70.2) (42.9) (35.1) (42.5)
Interest Expense 9.5 0.5 7.4 3.9 1.2 0.5 0.1
Interest Income 4.2 4.6 8.1 2.7 0.5 0.1 0.3
Profitability
EBITDA (22.6) (29.6) (44.9) (47.1) (42.0) (48.1) (39.5)
EBIT (49.5) (40.1) (55.5) (55.2) (45.5) (50.9) (41.8)
Income Before Tax (59.0) (40.5) (62.9) (59.1) (46.6) (51.4) (41.9)
Income Tax Expense (11.3) 0.3 0.0 (0.5) 0.2 0 0
Net Income (47.7) (40.8) (62.9) (58.6) (46.8) (51.4) (41.9)
Per Share Data
EPS (Basic) -0.46 -0.41 -0.67 -0.64 -0.52 -0.67 -0.50
EPS (Diluted) -0.46 -0.41 -0.67 -0.64 -0.52 -0.67 -0.50
Shares Outstanding 103.9 98.9 94.1 91.0 90.0 84.0 84.0
Metric 2025 2024 2023 2022 2021 2020 2019
Current Assets
Cash & Cash Equivalents 63.5 94.4 40.9 108.7 308.6 166.8 12.0
Short-Term Investments 35.6 21.4 51.2 87.6 0 0 0
Net Receivables 51.5 38.7 35.5 26.2 20.8 14.1 9.8
Inventory 0 0 0 0 0 0 3.8
Other Current Assets 36.6 26.9 21.0 19.6 6.3 7.6 2.7
Total Current Assets 187.2 181.4 148.6 242.2 345.2 188.5 28.3
Non-Current Assets
Property, Plant & Equipment 40.1 36.6 32.7 28.2 11.8 10.5 11.3
Goodwill 403.4 148.1 148.1 148.0 48.1 16.2 0
Intangible Assets 158.9 29.0 35.8 42.6 11.2 8.3 0.0
Long-Term Investments 0 0 0 0.5 (0.1) 0 0
Other Non-Current Assets 57.5 42.2 34.7 12.1 20.3 25.7 13.1
Total Non-Current Assets 660.0 255.9 251.2 246.7 91.3 60.7 24.4
Total Assets 847.2 437.3 399.8 488.9 436.5 249.2 52.7
Current Liabilities
Account Payables 5.8 6.1 7.5 4.3 3.6 0.4 0.4
Short-Term Debt 1.6 0 0 3.2 1.6 0.3 0.0
Deferred Revenue 34.8 13.6 11.0 8.8 8.2 6.1 5.8
Other Current Liabilities 47.4 1.2 1.3 4.6 4.2 13.7 12.3
Total Current Liabilities 89.5 45.6 39.4 41.6 33.2 20.5 18.4
Non-Current Liabilities
Long-Term Debt 352.0 0 0 81.4 23.1 24.6 0
Deferred Tax Liabilities 2.6 1.8 1.7 1.7 0.1 0 0
Other Non-Current Liabilities 41.0 0.2 0.3 0.4 21.7 10.0 6.1
Total Non-Current Liabilities 395.6 34.7 35.5 113.2 58.7 48.9 19.6
Total Liabilities 485.2 80.2 74.9 154.8 91.9 69.4 38.1
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.0 0.0
Retained Earnings (523.9) (476.2) (435.4) (372.5) (313.9) (263.5) (195.7)
Accumulated Other Comprehensive Income 0 0 0 0 (436.5) 0 0
Total Stockholders' Equity 362.0 357.0 324.9 334.0 344.6 179.7 14.6
Total Liabilities & Equity 847.2 437.3 399.8 488.9 436.5 249.2 52.7
Debt Metrics
Total Debt 353.5 18.5 19.3 104.1 24.6 24.9 0.0
Net Debt 290.1 (75.9) (21.7) (4.7) (284.0) (141.9) (12.0)
Metric 2025 2024 2023 2022 2021 2020 2019
Operating Activities
Net Income (47.7) (40.8) (62.9) (58.6) (46.8) (51.4) (41.9)
Depreciation & Amortization 26.9 10.5 10.6 8.1 3.4 2.8 2.2
Stock-Based Compensation 76.2 59.4 51.2 0 14.5 2.0 1.2
Change in Working Capital (3.5) (9.8) (12.8) (16.5) (3.3) (7.4) (0.2)
Other Non-Cash Items 2.8 (0.9) (3.6) 29.9 3.1 0.1 0.0
Operating Cash Flow 42.9 18.6 (17.5) (37.8) (29.0) (38.1) (39.1)
Investing Activities
Capital Expenditure (1.5) (1.2) (6.3) (1.1) (3.7) (2.1) (3.7)
Acquisitions (375.5) 0 0 (131.8) (18.3) (25.1) 0
Purchases of Investments (45.2) (40.4) (140.8) (187.2) 0 0 0
Sales/Maturities of Investments 31.8 71.3 181.0 99.8 0 0 0
Other Investing Activities (7.1) (6.7) (5.2) 0 (2.6) 0 0
Investing Cash Flow (397.6) 23.0 33.9 (224.0) (22.0) (27.2) (3.7)
Financing Activities
Net Debt Issuance 348.6 0 (85) 59.5 (0.3) 25.0 0
Stock Repurchased 0 0 0 0 (3.5) (14.5) 0
Dividends Paid 0 0 0 0 (5.0) 0 0
Other Financing Activities (33.9) (13.2) (19.9) (3.7) 8.2 0.7 (0.1)
Financing Cash Flow 323.8 11.8 (87.8) 61.2 192.3 225.0 30.2
Cash Position
Net Change in Cash (30.9) 53.4 (71.4) (196.2) 141.3 159.7 (12.6)
Cash at Beginning 94.4 40.9 112.3 308.6 171.7 12.0 24.6
Cash at End 63.5 94.4 40.9 112.3 313.0 171.7 12.0
Free Cash Flow 41.4 17.4 (23.8) (38.8) (32.7) (40.3) (42.8)
Key Metrics 2025 2024 2023 2022 2021 2020 2019
Income Statement
Revenue 443.6 333.8 264.8 204.3 152.2 112.1 73.5
Gross Profit 256.6 196.6 144.1 108.3 83.8 59.2 30.4
Operating Income (53.6) (44.6) (63.7) (70.2) (42.9) (35.1) (42.5)
Net Income (47.7) (40.8) (62.9) (58.6) (46.8) (51.4) (41.9)
EPS (Diluted) -0.46 -0.41 -0.67 -0.64 -0.52 -0.67 -0.50
Balance Sheet
Cash & Equivalents 63.5 94.4 40.9 108.7 308.6 166.8 12.0
Total Assets 847.2 437.3 399.8 488.9 436.5 249.2 52.7
Total Debt 353.5 18.5 19.3 104.1 24.6 24.9 0.0
Stockholders' Equity 362.0 357.0 324.9 334.0 344.6 179.7 14.6
Cash Flow
Operating Cash Flow 42.9 18.6 (17.5) (37.8) (29.0) (38.1) (39.1)
Capital Expenditure (1.5) (1.2) (6.3) (1.1) (3.7) (2.1) (3.7)
Free Cash Flow 41.4 17.4 (23.8) (38.8) (32.7) (40.3) (42.8)