Alkami Technology, Inc. (ALKT) Stock

Alkami Technology, Inc. (ALKT) is a Technology stock trading at $20.66 (as of 2026-08-21), with a market capitalization of $2.13B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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Understand Alkami Technology, Inc.: how it makes money

Alkami Technology provides a cloud-based digital banking software platform for U.S. financial institutions (banks and credit unions), helping them onboard and engage users, with revenue tied to annual recurring revenue (ARR) tracked by the company, plus add-on sales during implementations.

Profitability is driven by how much annual recurring revenue (ARR) the platform is able to exit and carry forward from quarter to quarter, supported by add-on sales during implementations, while operating expenses must be controlled, as shown by the latest negative operating margin.

Revenue by segment (latest quarter)
Revenue$0.1B
Mantle$0.0B
Residual$0.0B

Business quality (Weak): The company discloses ARR-based operating metrics and gross margin, but the latest quarter shows a negative operating margin, so ARR durability and implementation-related adds are central to the profit outlook.

Bull case

  • ARR-focused operating model: Investors can track recurring business trends using ARR metrics such as Annual Recurring Revenue Exiting the Quarter and Annual Recurring Revenue at Quarter End.
  • Implementation add-ons can contribute: The company tracks add-on sales orders in implementation (Annual Recurring Revenue), with 0.05 USD_B reported in the latest quarter.

Bear case

  • Operating losses remain a key concern: In the latest reported period (2025-09-30), operating margin was -11.4%.
  • ARR declines can show up between checkpoints: ARR metrics provided for different horizons include lower figures at longer views (for example, Annual Recurring Revenue Exiting the Year is 0.29 USD_B versus higher quarter-based exit ARR metrics).
Valuation — source: SEC EDGAR (first-party)
Price$20.66
Market Cap$2.13B
Price / Book5.87
Price / Sales4.48
FCF Yield3.0%
DCF Value (model)$2.75
DCF Upside vs Price-86.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$443.64M
Net Margin-10.7%
Revenue Growth (YoY)15.9%
EPS Growth (YoY)-38.5%
FCF Growth (YoY)2064.2%
Financial Health — source: SEC EDGAR
Altman Z-Score2.20 (grey)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Insider Sells (12mo)7
Top Institutional HolderGENERAL ATLANTIC, L.P. ($240.34M)
Institutional Holders Tracked10
Congressional Trades (recent)2
Company
SectorTechnology
IndustryBusiness Services
CEOAlex Shootman
Employees938
CountryUS
IPO Date2021-04-14

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ALKT earnings history · ALKT institutional & insider holders · ALKT KPIs & operating metrics · ALKT financials · ALKT investor presentations & press releases · ALKT SEC filings · ALKT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.