Alkami Technology (NASDAQ:ALKT) Releases Quarterly Earnings Results, Misses Estimates By $0.30 EPS

Posted by George Bondi on May 1st, 2026

Alkami Technology (NASDAQ:ALKT – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.30), FiscalAI reports. Alkami Technology had a negative return on equity of 9.03% and a negative net margin of 10.55%.The business had revenue of $126.14 million during the quarter, compared to analysts’ expectations of $125.22 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The firm’s revenue for the quarter was up 28.9% compared to the same quarter last year.

Here are the key takeaways from Alkami Technology’s conference call:

Strong Q1 results: Alkami reported 29% revenue growth to $126.1M, adjusted EBITDA of $22.3M (17.7% margin) above expectations, ARR of $494M and a $71M ARR backlog from 40 clients expected to go live over the next 12 months.
MANTL acquisition and DSSP are driving higher-value wins: MANTL contributed ~14 percentage points of Q1 growth, standalone MANTL added 61 clients since early 2025, and DSSP clients rose from 11 to 48 with DSSP new logos showing ~30% uplift in ARR versus historic online banking deals.
Confident outlook and margin expansion: Management reiterated Q2 revenue of $128–129M and full-year revenue of $527.1–530.9M, expects ~65% non-GAAP gross margin and adjusted EBITDA margin north of 19% in H2, and continues to target achieving a “Rule of 45” by 2030.
Near-term headwinds and corporate costs: a meaningful decline in termination fee revenue will reduce reported growth this year, database technology costs are higher temporarily, and $2.8M of recent shareholder-matters defense expenses may persist though management expects them to moderate.
AI initiatives and Alkami Engage: The company demonstrated AI prototypes and launched Alkami Engage to capture real-time telemetry, but commercialization, pricing and material contribution to the long‑term model remain under evaluation.

Alkami Technology Stock Performance

Alkami Technology stock traded down $0.01 during mid-day trading on Friday, reaching $15.77. 255,714 shares of the stock traded hands, compared to its average volume of 1,885,289. The business’s 50-day moving average is $16.68 and its 200-day moving average is $19.53. Alkami Technology has a 12-month low of $14.11 and a 12-month high of $31.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.09 and a quick ratio of 2.09. The stock has a market capitalization of $1.69 billion, a PE ratio of -33.67 and a beta of 0.57.

Insider Buying and Selling at Alkami Technology

In related news, Director Atlantic Genpar (Bermu General purchased 500,000 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average price of $18.33 per share, with a total value of $9,165,000.00. Following the completion of the acquisition, the director owned 15,379,451 shares of the company’s stock, valued at approximately $281,905,336.83. This trade represents a 3.36% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Atlantic L.P. General purchased 900,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were bought at an average cost of $18.41 per share, with a total value of $16,569,000.00. Following the acquisition, the director directly owned 14,879,451 shares of the company’s stock, valued at $273,930,692.91. This trade represents a 6.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 3,351,515 shares of company stock valued at $59,829,413 and have sold 13,739 shares valued at $232,189. Company insiders own 17.10% of the company’s stock.

Hedge Funds Weigh In On Alkami Technology

A number of hedge funds have recently made changes to their positions in ALKT. North Reef Capital Management LP boosted its stake in shares of Alkami Technology by 1,545.7% in the fourth quarter. North Reef Capital Management LP now owns 2,100,000 shares of the company’s stock worth $48,447,000 after acquiring an additional 1,972,396 shares during the period. Cadian Capital Management LP bought a new stake in shares of Alkami Technology in the 4th quarter valued at approximately $26,969,000. Janus Henderson Group PLC lifted its stake in shares of Alkami Technology by 40.3% in the 4th quarter. Janus Henderson Group PLC now owns 3,208,436 shares of the company’s stock valued at $74,019,000 after purchasing an additional 921,055 shares during the last quarter. Bamco Inc. NY lifted its stake in shares of Alkami Technology by 80.6% in the 2nd quarter. Bamco Inc. NY now owns 1,330,484 shares of the company’s stock valued at $40,101,000 after purchasing an additional 593,659 shares during the last quarter. Finally, Praesidium Investment Management Company LLC lifted its stake in shares of Alkami Technology by 30.4% in the 3rd quarter. Praesidium Investment Management Company LLC now owns 2,017,572 shares of the company’s stock valued at $50,116,000 after purchasing an additional 470,522 shares during the last quarter. Institutional investors own 54.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Alkami Technology from $38.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Citizens Jmp reduced their price objective on Alkami Technology from $28.00 to $23.00 and set a “market outperform” rating for the company in a research report on Thursday. Barclays reduced their price objective on Alkami Technology from $25.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alkami Technology in a research report on Wednesday, January 21st. Finally, Needham & Company LLC reduced their price objective on Alkami Technology from $32.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $22.80.

Read Our Latest Stock Analysis on Alkami Technology

Alkami Technology Company Profile

(Get Free Report)

Alkami Technology, Inc is a provider of cloud-based digital banking and engagement solutions tailored for banks and credit unions. The company’s platform offers a comprehensive suite of online and mobile banking features, including bill payment, peer-to-peer transfers, card management, streamlined account opening and real-time alerts, all designed to enhance the end-user experience and drive customer loyalty.

Built on a multi-tenant, software-as-a-service (SaaS) architecture hosted in the cloud, Alkami’s platform leverages modern APIs and a partner ecosystem to integrate third-party fintech applications and services.

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Earnings History for Alkami Technology (NASDAQ:ALKT)

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