EarningsQ2 2026 Earnings Report
MX:ALKT Q2 2026 EPS Results
Actual EPS$2.91
Consensus EPS$2.71
Beat/MissBeat by +$0.20
One Year Ago EPS$0.40
MX:ALKT Q2 2026 Revenue Results
Actual Revenue$2.35B
Expected Revenue$2.33B
Beat/MissBeat by +$20.72M
YoY Revenue Growth+15.87%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
MX:ALKT Upcoming Earnings
Alkami Technology's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:ALKT Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights strong recurring revenue growth, a major ARR milestone ($512M), improving profitability (adjusted EBITDA expansion and operating cash flow recovery), and tangible product-market traction (DSSP, bank expansion, AI-enabled products). Management provided confident 2026 guidance that aligns with earlier multi-year targets. Near-term headwinds include quarter-to-quarter revenue timing (termination fees), a Q2 gross margin step-down, normalization of ARPU after MANTL timing effects, and the deliberate deferral of a database consolidation project into 2027. Overall, the positive indicators (scale, ARR momentum, margin expansion, product adoption) materially outweigh the operational and timing lowlights, supporting a constructive outlook.Company Guidance
Revenue Growth Ahead of Expectations
Q2 revenue of $129.8M, up 15.9% year-over-year; subscription revenue grew 16.2% and represented 95% of total revenue.
ARR Milestone and Momentum
Exited the quarter with ARR of $512M, up 21% YoY and surpassing the $500M ARR milestone; approximately $61M ARR in backlog (37 new clients, ~1.3M digital users).
User and RPU Expansion
Registered users reached 23.6M, up 2.7M or 13% YoY; revenue per user (RPU) increased to $21.69, up 7% YoY.
Profitability and Cash Generation Improvement
Adjusted EBITDA of $19.4M with a 14.9% margin (expansion of ~430 bps YoY); operating cash flow improved to $22M vs $1.2M in the year-ago quarter; operating expenses improved 640 bps YoY to 48% of revenue.
2026 Guidance Demonstrates Scale
Full-year 2026 guidance of $528M–$531M revenue (growth 19%–19.7%) and adjusted EBITDA $96M–$98M (~18.3% margin at midpoint); Q3 guidance of $132.7M–$134.2M revenue (17.5%–18.9% growth) and adjusted EBITDA $23.5M–$24.3M.
Platform Expansion and Higher-Value Deals (DSSP)
DSSP traction: 55 clients contracted for all 3 DSSP products; 7 clients adopted DSSP via new logo or add-on sales; one full DSSP customer went live in ~9 months (ahead of prior 12-month expectation); new logos in 2026 onboarding at nearly double overall ARPU.
Bank Market Progress
Bank footprint: 54 bank clients under contract and 42 live; bank awareness rose from 37% to 52% and consideration from 8% to 21%; banks now represent nearly 30% of digital launches and launch at higher RPU.
Operational Efficiency and Product Investments
Non-GAAP gross margin at 63% in Q2 with expectation to exit 2026 nearing 65%; continued investments in treasury management, lending platform, POS integrations, and AI-enabled products; behavioral biometrics, unified messaging, and predictive marketing growing ~30% YoY.
MX:ALKT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed