Alkami Technology Inc ( (ALKT) ) has released its Q3 earnings. Here is a breakdown of the information Alkami Technology Inc presented to its investors.
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Alkami Technology, Inc. is a prominent provider of cloud-based digital banking solutions for financial institutions in the United States, specializing in transforming retail and business banking, onboarding, account opening, payment security, and data and marketing solutions.
In its third quarter of 2025, Alkami Technology reported a significant increase in revenue, achieving a 31.5% rise compared to the same period last year, alongside a notable expansion in its adjusted EBITDA. The company also successfully launched 13 new financial institutions, marking a record for Alkami, and is experiencing strong demand for its comprehensive Digital Sales & Service Platform.
Key financial metrics from the quarter include a GAAP total revenue of $113.0 million, a GAAP gross margin of 56.8%, and a non-GAAP gross margin of 63.7%. Despite a GAAP net loss of $14.8 million, the adjusted EBITDA reached $16.0 million, reflecting a substantial improvement from the previous year. The company also reported an annual recurring revenue of $449 million, up 31%, and a revenue per registered user of $20.83, an increase of 19% year-over-year.
Looking ahead, Alkami Technology has provided guidance for the fourth quarter of 2025, with expected GAAP total revenue ranging from $119.6 million to $121.1 million and adjusted EBITDA between $16.1 million and $17.1 million. For the full fiscal year, the company anticipates GAAP total revenue between $442.5 million and $444.0 million, with adjusted EBITDA projected to be between $56.0 million and $57.0 million.