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%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 126.1 120.8 113.0 112.1 97.8 89.7 85.9 82.2 76.1 71.4 67.7 65.8 60.0 55.5 53.4 50.5 44.8 42.4 39.8 36.7 33.3 33.3 28.9 26.7 23.2
Cost of Revenue 54.0 51.7 48.8 46.4 40.1 36.4 35.3 33.4 32.1 31.4 31.2 30.3 27.9 26.9 25.8 23.3 20.0 19.3 17.4 16.2 15.5 14.1 13.8 13.2 11.9
Gross Profit 72.2 69.1 64.1 65.6 57.8 53.2 50.6 48.8 44.0 39.9 36.5 35.5 32.1 28.7 27.6 27.3 24.8 23.1 22.4 20.5 17.8 19.3 15.2 13.4 11.3
Operating Expenses
R&D Expenses 31 31.2 30.1 30.2 26.9 25.3 24.1 23.9 22.8 21.5 21.8 20.9 20.5 20.4 18.2 16.6 14.2 12.9 12.9 12.1 10.9 10.8 9.9 9.8 9.7
SG&A Expenses 46.9 45.4 45.0 49.0 41.7 36.1 36.6 37.6 33.2 31.2 30.2 32.1 28.0 26.1 28.1 28.9 23.7 23.3 20.6 18.2 15.8 19.6 11.9 10.8 11.8
Other Expenses 0 2.0 2.0 2.2 4.6 0.4 0.4 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.3 0 0 0 0 0 0 0 0 0
Operating Expenses 77.9 78.6 77.0 81.5 73.2 61.8 61.0 62.0 56.4 53.0 52.3 53.3 48.9 46.8 46.6 45.9 37.8 36.2 33.5 30.3 26.7 30.5 21.8 20.5 21.5
Operating Income
Operating Income (5.7) (9.5) (12.9) (15.9) (15.4) (8.6) (10.4) (13.2) (12.4) (13.1) (15.8) (17.9) (16.8) (18.2) (19.1) (18.6) (13.0) (13.0) (11.1) (9.8) (8.9) (11.2) (6.6) (7.1) (10.2)
Interest Expense 2.3 2.5 3.0 3.2 0.8 0.1 0.2 0.1 0.1 1.9 1.9 1.8 1.8 1.5 1.2 0.9 0.3 0.3 0.3 0.3 0.3 0.3 0.0 0.1 0.1
Interest Income 0.8 0.9 1.0 1.2 1.1 1.1 1.1 1.3 1.1 2.3 2.1 2.0 1.7 1.3 0.9 0.4 0.1 0.1 0.2 0.1 0.0 0.0 0.0 0.0 0.0
Profitability
EBITDA 3.2 (0.8) (4.0) (7.0) (15.4) (4.9) (6.6) (9.4) (8.6) (8.3) (10.8) (13.3) (12.4) (1.4) (16.7) (17.5) (12.0) (11.8) (10.1) (10.3) (9.8) (11.4) (20.7) (6.5) (9.5)
EBIT (4.9) (8.6) (11.9) (14.7) (15.9) (7.6) (9.3) (12.1) (11.2) (11.1) (13.5) (15.8) (15.0) (3.9) (19.0) (19.2) (13.0) (12.9) (10.9) (11.1) (10.6) (12.2) (21.3) (7.2) (10.2)
Income Before Tax (7.2) (11.1) (14.8) (17.9) (15.1) (7.7) (9.5) (12.1) (11.2) (13.0) (15.4) (17.7) (16.8) (5.5) (20.2) (20.1) (13.3) (13.2) (11.2) (11.4) (10.9) (12.5) (21.3) (7.3) (10.3)
Income Tax Expense 2.8 0.3 (0.0) (4.3) (7.3) (0.0) (0.0) 0.2 0.2 (0.3) 0.0 0.1 0.2 (0.5) (0.2) 0.2 0.1 0.2 0 0 0 0 0 0 0
Net Income (10.0) (11.4) (14.8) (13.6) (7.8) (7.6) (9.4) (12.3) (11.4) (12.7) (15.5) (17.8) (17.0) (4.9) (20.0) (20.2) (13.4) (13.3) (11.2) (11.4) (10.9) (12.5) (21.3) (7.3) (10.3)
Per Share Data
EPS (Basic) -0.09 -0.11 -0.14 -0.13 -0.08 -0.08 -0.10 -0.13 -0.12 -0.13 -0.16 -0.19 -0.18 -0.05 -0.22 -0.22 -0.15 -0.15 -0.13 -0.15 -0.13 -0.15 -0.26 -0.09 -0.12
EPS (Diluted) -0.09 -0.11 -0.14 -0.13 -0.08 -0.08 -0.10 -0.13 -0.12 -0.13 -0.16 -0.19 -0.18 -0.05 -0.22 -0.22 -0.15 -0.15 -0.13 -0.15 -0.13 -0.15 -0.26 -0.09 -0.12
Shares Outstanding 106.4 103.9 104.3 103.4 102.4 101.1 99.4 98.1 96.9 95.9 94.7 93.3 92.4 91.7 91.2 90.7 90.2 88.8 87.2 74.8 83.1 83.1 83.1 83.1 83.1
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2020 Q4
Current Assets
Cash & Cash Equivalents 40.4 63.5 57.3 52.4 61.7 94.4 81.0 61.4 44.2 40.9 76.4 90.3 114.3 108.7 96.6 89.1 187.3 308.6 314.4 338.5 166.8
Short-Term Investments 37.2 35.6 33.6 34.7 33.6 21.4 20.0 26.0 43.1 51.2 101.9 86.0 71.1 87.6 112.2 124.2 112.0 0 0 0 0
Net Receivables 51.4 51.5 50.7 47.7 46.8 38.7 42.4 39.0 35.7 35.5 31.3 28.2 28.4 26.2 26.3 27.4 23.4 20.8 20.3 15.6 13.4
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 40.5 36.6 33.3 43.0 32.2 26.9 25.6 25.6 22.6 21.0 23.1 21.9 22.7 19.6 7.1 6.7 6.5 6.3 10.4 8.7 6.8
Total Current Assets 169.5 187.2 174.9 177.8 174.2 181.4 169.0 152.0 145.6 148.6 232.7 226.3 236.5 242.2 255.3 261.1 339.9 345.2 345.1 362.8 193.2
Non-Current Assets
Property, Plant & Equipment 45.7 40.1 39.3 38.4 37.6 36.6 35.9 34.7 33.7 32.7 32.3 28.8 28.3 28.2 13.5 13.5 12.8 11.8 10.9 10.4 10.5
Goodwill 403.4 403.4 403.4 403.8 400.2 148.1 148.1 148.1 148.1 148.1 148.1 148.1 148.1 148.0 146.0 147.4 48.1 48.1 48.4 16.5 16.2
Intangible Assets 152.3 158.9 165.6 172.2 178.8 29.0 30.7 32.4 34.1 35.8 37.5 39.2 40.9 42.6 44.3 44.9 10.8 11.2 11.3 7.8 8.3
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 25.8 24.7 0.7 0.5 3.6 3.1 (0.1) (0.1) 0 0 0
Other Non-Current Assets 58.4 57.5 52.0 48.2 46.4 42.2 38.5 36.7 36.2 34.7 4.0 4.0 25.8 12.1 22.2 20.9 19.4 20.3 26.1 27.2 21.0
Total Non-Current Assets 659.8 660.0 660.3 662.6 662.9 255.9 253.2 251.9 252.0 251.2 249.5 246.6 245.6 246.7 230.0 230.0 91.0 91.3 96.7 62.0 55.9
Total Assets 829.3 847.2 835.2 840.4 837.2 437.3 422.2 403.9 397.6 399.8 482.2 472.9 482.1 488.9 485.3 491.1 430.9 436.5 441.8 424.7 249.2
Current Liabilities
Account Payables 4.0 5.8 7.3 6.7 5.2 6.1 5.6 5.8 6.5 7.5 5.7 1.0 3.2 4.3 3.2 3.8 3.0 3.6 2.5 2.6 0.4
Short-Term Debt 2.2 1.6 1.6 1.6 1.6 0 0 0 0 0 7.9 8.5 7.4 6.8 2.1 1.1 1.9 1.6 1.2 0.9 0.3
Deferred Revenue 34.0 34.8 31.1 27.2 29.1 13.6 13.1 12.6 12.5 11.0 9.3 8.8 9.8 8.8 8.7 9.2 8.0 8.2 6.9 6.6 0
Other Current Liabilities 33.5 47.4 4.4 28.5 (1.1) 1.2 2.2 1.1 2.7 1.3 10.9 9.5 11.0 7.6 11.2 5.5 6.6 4.2 25.4 19.4 11.1
Total Current Liabilities 73.8 89.5 80.6 66.4 63.3 45.6 48.0 40.5 37.2 39.4 49.2 41.6 42.1 41.6 40.0 37.4 34.8 33.2 36.1 29.6 20.5
Non-Current Liabilities
Long-Term Debt 356.0 352.0 360.7 385.2 394.7 0 0 0 0 0 94.4 93.0 96.0 97.2 82.4 83.4 22.4 23.1 23.7 24.0 24.6
Deferred Tax Liabilities 2.8 2.6 2.4 2.4 2.3 1.8 1.8 1.8 1.7 1.7 1.9 1.8 1.8 1.7 0.3 0.2 0.1 0.1 0 0 0
Other Non-Current Liabilities 0.2 41.0 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 (18.0) (14.5) (15.3) (15.4) 21.0 21.3 17.8 21.7 23.3 6.9 24.4
Total Non-Current Liabilities 384.9 395.6 404.4 430.0 439.8 34.7 35.7 36.2 37.6 35.5 111.4 108.8 111.8 113.2 117.4 118.1 54.0 58.7 60.2 43.9 48.9
Total Liabilities 458.7 485.2 485.1 496.4 503.1 80.2 83.7 76.7 74.7 74.9 160.5 150.4 153.9 154.8 157.4 155.6 88.8 91.9 96.3 73.5 69.4
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0
Retained Earnings (533.8) (523.9) (512.4) (497.6) (484.0) (476.2) (468.6) (459.1) (446.8) (435.4) (422.7) (407.2) (389.4) (372.5) (367.5) (347.5) (327.3) (313.9) (300.5) (289.3) (263.5)
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (436.5) 0 0 0
Total Stockholders' Equity 370.7 362.0 350.1 344.0 334.0 357.0 338.5 327.2 322.9 324.9 321.7 322.5 328.1 334.0 327.9 335.5 342.1 344.6 345.5 351.3 179.7
Total Liabilities & Equity 829.3 847.2 835.2 840.4 837.2 437.3 422.2 403.9 397.6 399.8 482.2 472.9 482.1 488.9 485.3 491.1 430.9 436.5 441.8 424.7 249.2
Debt Metrics
Total Debt 358.2 353.5 378.4 403.3 413.2 18.5 18.7 19.0 19.3 19.3 122.2 119.4 122.1 123.5 84.5 84.5 24.3 24.6 24.9 24.9 24.9
Net Debt 317.8 290.1 321.1 350.9 351.5 (75.9) (62.3) (42.4) (24.9) (21.7) 45.8 29.1 7.8 14.8 (12.1) (4.7) (163.0) (284.0) (289.5) (313.6) (141.9)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income (10.0) (11.4) (14.8) (13.6) (7.8) (7.6) (9.4) (12.3) (11.4) (12.7) (15.5) (17.8) (17.0) (4.9) (20.0) (20.2) (13.4) (13.3) (11.2) (11.4) (10.9) (12.5) (21.3) (7.3) (10.3)
Depreciation & Amortization 8.1 7.9 7.9 7.8 3.4 2.7 2.7 2.6 2.6 2.8 2.7 2.6 2.6 2.6 2.3 1.8 1.0 1.1 0.8 0.8 0.8 0.8 0.7 0.7 0.7
Stock-Based Compensation 17.3 19.9 20.7 19.5 16.1 15.6 15.3 15.0 13.6 13.3 0 0 0 11.8 0 0 0 0 3.4 3.0 1.4 0.6 0.4 0.5 0.5
Change in Working Capital (21.1) (0.2) 16.5 (9.2) (10.6) (4.5) 2.5 (4.4) (3.4) (7.7) 3.8 (2.8) (6.2) (9.3) 0.9 (4.7) (3.3) (6.7) 2.5 (4.2) 5.1 (5.0) 2.4 0.9 (5.7)
Other Non-Cash Items 0.6 2.2 0.5 0.3 1.6 (0.1) (0.0) (0.3) (0.4) (0.8) 12.0 11.9 10.9 (13.3) 12.4 12.0 7.4 6.8 0.0 1.4 1.7 0.0 0.0 0.0 0.0
Operating Cash Flow (4.8) 18.5 30.8 1.2 (5.7) 6.1 11.0 0.5 1.0 (5.3) 3.1 (6.1) (9.6) (13.7) (4.7) (11.1) (8.3) (12.2) (4.5) (10.3) (2.0) (15.0) (3.1) (5.2) (14.8)
Investing Activities
Capital Expenditure (0.4) (0.4) (0.3) (0.4) (0.5) (1.8) (2.3) (2.1) (1.7) (1.7) (0.4) (0.2) (0.2) (0.1) (0.4) (0.3) (0.3) (0.2) (0.4) (0.3) (0.4) (0.7) (0.1) (0.2) (1.2)
Acquisitions 0 0 0 0 (375.5) 0 0 0 0 0 0 0 0 (0.5) 0.7 (132.0) 0 0 (18) 0 (0.3) (25.1) 0 0 0
Purchases of Investments (17.6) (9.4) (5.9) (8.1) (21.9) (9.7) (15.1) (8.4) (7.1) (31.2) (47.0) (41.7) (21.0) (23.1) (20.5) (31.5) (112.1) 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 15.9 7.5 7.1 7.3 9.9 8.5 21.2 26.0 15.6 83.2 32.2 27.5 38.1 48.2 32.5 19 0 0 0 0 0 0 0 0 0
Other Investing Activities (2.2) (0.7) (2.0) (1.8) (1.4) (1.7) (5.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.2) 0 0 0 0
Investing Cash Flow (4.2) (4.1) (1.1) (2.9) (389.4) (3.0) 3.8 15.5 6.8 50.3 (16.3) (15.9) 15.8 23.7 11.9 (146.0) (113.6) (1.6) (19.0) (0.7) (0.8) (25.7) (0.1) (0.2) (1.2)
Financing Activities
Net Debt Issuance (15) (11.9) (26.9) (10) 395.5 0 0 0 0 (82.9) (1.1) (1.1) 0 0 0.1 59.8 (0.3) (0.3) 0 0 0 0 0 (13) 13.0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (3.5) (14.5) 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 0 1.9 (1.1) (34.7) 0 (0.4) (7.1) (5.7) (7.6) (4.2) (5.8) (2.0) (3.1) (0.6) 0 0 0 0 (5.4) 1.5 21.3 0.1 24.9 0.1
Financing Cash Flow (14.0) (8.2) (24.8) (7.4) 362.4 10.3 4.8 1.2 (4.5) (83.0) (0.8) (3.1) (0.6) (1.7) 0.3 62.0 0.6 5.4 1.5 187.4 (2.0) 6.8 193.3 11.9 13.0
Cash Position
Net Change in Cash (23.0) 6.1 4.9 (9.2) (32.7) 13.4 19.5 17.3 3.3 (38.1) (13.9) (25.0) 5.6 11.3 7.5 (93.8) (121.3) (5.8) (24.1) 176.4 (4.7) (34.0) 190.1 6.5 (2.9)
Cash at Beginning 63.5 57.3 52.4 61.7 94.4 81.0 61.4 44.2 40.9 79.0 92.9 117.9 112.3 101.0 93.5 187.3 308.6 314.4 338.5 162.1 171.7 205.7 15.5 9.0 12.0
Cash at End 40.4 63.5 57.3 52.4 61.7 94.4 81.0 61.4 44.2 40.9 79.0 92.9 117.9 112.3 101.0 93.5 187.3 308.6 314.4 338.5 166.9 171.7 205.7 15.5 9.0
Free Cash Flow (5.2) 18.1 30.5 0.8 (6.1) 4.3 8.7 (1.5) (0.7) (7.0) 2.8 (6.2) (9.8) (13.8) (5.0) (11.4) (8.6) (12.4) (4.9) (10.6) (2.4) (15.7) (3.2) (5.4) (16.0)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 126.1 120.8 113.0 112.1 97.8 89.7 85.9 82.2 76.1 71.4 67.7 65.8 60.0 55.5 53.4 50.5 44.8 42.4 39.8 36.7 33.3 33.3 28.9 26.7 23.2
Gross Profit 72.2 69.1 64.1 65.6 57.8 53.2 50.6 48.8 44.0 39.9 36.5 35.5 32.1 28.7 27.6 27.3 24.8 23.1 22.4 20.5 17.8 19.3 15.2 13.4 11.3
Operating Income (5.7) (9.5) (12.9) (15.9) (15.4) (8.6) (10.4) (13.2) (12.4) (13.1) (15.8) (17.9) (16.8) (18.2) (19.1) (18.6) (13.0) (13.0) (11.1) (9.8) (8.9) (11.2) (6.6) (7.1) (10.2)
Net Income (10.0) (11.4) (14.8) (13.6) (7.8) (7.6) (9.4) (12.3) (11.4) (12.7) (15.5) (17.8) (17.0) (4.9) (20.0) (20.2) (13.4) (13.3) (11.2) (11.4) (10.9) (12.5) (21.3) (7.3) (10.3)
EPS (Diluted) -0.09 -0.11 -0.14 -0.13 -0.08 -0.08 -0.10 -0.13 -0.12 -0.13 -0.16 -0.19 -0.18 -0.05 -0.22 -0.22 -0.15 -0.15 -0.13 -0.15 -0.13 -0.15 -0.26 -0.09 -0.12
Balance Sheet
Cash & Equivalents 40.4 63.5 57.3 52.4 61.7 94.4 81.0 61.4 44.2 40.9 76.4 90.3 114.3 108.7 96.6 89.1 187.3 308.6 314.4 338.5 166.8
Total Assets 829.3 847.2 835.2 840.4 837.2 437.3 422.2 403.9 397.6 399.8 482.2 472.9 482.1 488.9 485.3 491.1 430.9 436.5 441.8 424.7 249.2
Total Debt 358.2 353.5 378.4 403.3 413.2 18.5 18.7 19.0 19.3 19.3 122.2 119.4 122.1 123.5 84.5 84.5 24.3 24.6 24.9 24.9 24.9
Stockholders' Equity 370.7 362.0 350.1 344.0 334.0 357.0 338.5 327.2 322.9 324.9 321.7 322.5 328.1 334.0 327.9 335.5 342.1 344.6 345.5 351.3 179.7
Cash Flow
Operating Cash Flow (4.8) 18.5 30.8 1.2 (5.7) 6.1 11.0 0.5 1.0 (5.3) 3.1 (6.1) (9.6) (13.7) (4.7) (11.1) (8.3) (12.2) (4.5) (10.3) (2.0) (15.0) (3.1) (5.2) (14.8)
Capital Expenditure (0.4) (0.4) (0.3) (0.4) (0.5) (1.8) (2.3) (2.1) (1.7) (1.7) (0.4) (0.2) (0.2) (0.1) (0.4) (0.3) (0.3) (0.2) (0.4) (0.3) (0.4) (0.7) (0.1) (0.2) (1.2)
Free Cash Flow (5.2) 18.1 30.5 0.8 (6.1) 4.3 8.7 (1.5) (0.7) (7.0) 2.8 (6.2) (9.8) (13.8) (5.0) (11.4) (8.6) (12.4) (4.9) (10.6) (2.4) (15.7) (3.2) (5.4) (16.0)