The story
Founded by Sean McElroy in 2009.1
Overview
2009Founded1
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- TickerALKT on Nasdaq1
- Industryfinancial services1
- HeadquartersPlano1
- Websitewww.alkami.com
- Legal formC corporation1
- Incorporated inDE4
- Business address5601 Granite Parkway, Suite 120, Plano, Tx 750244
- Filer categoryLarge accelerated filer4
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
57.8%Gross margin5
-12.1%Operating margin5
-10.7%Net margin5
32.9%Revenue growth, 20255
-13.2%Return on equity5
$41.4MFree cash flow5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
SaaS Subscription Services brought in 95% of the revenue Alkami Technology broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| SaaS Subscription Services | $252.3M | $319.2M | $421.7M |
| Implementation Services | $8.5M | $7.6M | $12.6M |
| Service, Other | $4.0M | $7.0M | $9.4M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue42¢$187.0M
- Research and development27¢$118.4M
- Other costs29¢$126.9M
- Income tax3¢$11.3M
Out of $443.6M in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending4¢$1.5M
- Kept or used elsewhere96¢$41.4M
Out of $42.9M of cash from operations.5
Financial statements
Every line of the income statement in the latest annual report, as filed.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenues | $443.6M | $333.8M | $264.8M |
| Gross profit | $256.6M | $196.6M | $144.1M |
| Research and development | $118.4M | $96.2M | $84.7M |
| Sales and marketing | $80.1M | $59.8M | $48.6M |
| General and administrative | $100.9M | $83.7M | $72.9M |
| Acquisition-related expenses | $3.5M | $195.0K | $263.0K |
| Amortization of acquired intangibles | $5.7M | $1.4M | $1.4M |
| Loss on impairment of intangible assets | $1.7M | $0 | $0 |
| Total operating expenses | $310.2M | $241.3M | $207.8M |
| Loss from operations | -$53.6M | -$44.6M | -$63.7M |
| Interest income | $4.2M | $4.6M | $8.1M |
| Interest expense | -$9.5M | -$461.0K | -$7.4M |
| Gain on financial instruments | $0 | $0 | $534.0K |
| Loss on extinguishment of debt | $0 | $0 | -$409.0K |
| Loss before income taxes | -$59.0M | -$40.5M | -$62.9M |
| (Benefit from) provision for income taxes | -$11.3M | $308.0K | $44.0K |
| Net loss | -$47.7M | -$40.8M | -$62.9M |
| Basic (in dollars per share) | -$0.46 | -$0.41 | -$0.67 |
| Diluted (in dollars per share) | -$0.46 | -$0.41 | -$0.67 |
| Basic (in shares) | 103.9M shares | 98.9M shares | 94.1M shares |
| Diluted (in shares) | 103.9M shares | 98.9M shares | 94.1M shares |
| Cost of revenues | $22.3M | $6.8M | $6.8M |
| Cost of revenues | $187.0M | $137.2M | $120.7M |
Every line of the balance sheet in the latest annual report, as filed.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $63.5M | $94.4M | |
| Marketable securities | $35.6M | $21.4M | |
| Accounts receivable, net | $51.5M | $38.7M | |
| Deferred costs, current | $15.9M | $13.2M | |
| Prepaid expenses and other current assets | $20.7M | $13.7M | |
| Total current assets | $187.2M | $181.4M | |
| Property and equipment, net | $26.7M | $22.1M | |
| Right-of-use assets | $13.5M | $14.6M | |
| Deferred costs, net of current portion | $47.4M | $37.2M | |
| Intangibles, net | $158.9M | $29.0M | |
| Goodwill | $403.4M | $148.1M | |
| Other assets | $10.1M | $5.0M | |
| Total assets | $847.2M | $437.3M | |
| Accounts payable | $5.8M | $6.1M | |
| Accrued liabilities | $47.4M | $24.5M | |
| Deferred revenues, current portion | $34.8M | $13.6M | |
| Lease liabilities, current portion | $1.6M | $1.3M | |
| Total current liabilities | $89.5M | $45.6M | |
| Deferred revenues, net of current portion | $25.8M | $15.5M | |
| Deferred income taxes | $2.6M | $1.8M | |
| Convertible senior notes, net | $336.2M | $0 | |
| Revolving loan | $15.0M | $0 | |
| Lease liabilities, net of current portion | $15.7M | $17.1M | |
| Other non-current liabilities | $237.0K | $220.0K | |
| Total liabilities | $485.2M | $80.2M | |
| Preferred stock, $0.001 par value, 10,000,000 shares authorized and 0 shares issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | |
| Common stock, $0.001 par value, 500,000,000 shares authorized and 106,101,875 and 102,088,783 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $106.0K | $102.0K | |
| Additional paid-in capital | $885.8M | $833.1M | |
| Accumulated deficit | -$523.9M | -$476.2M | |
| Total stockholders equity | $362.0M | $357.0M | $324.9M |
| Total liabilities and stockholders' equity | $847.2M | $437.3M | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, authorized (in shares) | 10.0M shares | 10.0M shares | |
| Preferred stock, issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, authorized (in shares) | 500.0M shares | 500.0M shares | |
| Common stock, issued (in shares) | 106.1M shares | 102.1M shares | |
| Common stock, outstanding (in shares) | 106.1M shares | 102.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$47.7M | -$40.8M | -$62.9M |
| Depreciation and amortization expense | $26.9M | $10.5M | $10.6M |
| Accrued interest on marketable securities, net | -$854.0K | -$1.1M | -$3.2M |
| Stock-based compensation expense | $76.2M | $59.4M | $51.2M |
| Amortization of discount and debt issuance costs | $2.0M | $210.0K | $138.0K |
| Gain on financial instruments | $0 | $0 | -$532.0K |
| Loss on extinguishment of debt | $0 | $0 | $409.0K |
| Loss on impairment of intangible assets | $1.7M | $0 | $0 |
| Gain on lease modification | $0 | $0 | -$375.0K |
| Deferred taxes | -$11.8M | $109.0K | -$32.0K |
| Accounts receivable | -$11.3M | -$3.2M | -$9.3M |
| Prepaid expenses and other assets | -$9.4M | -$4.0M | $425.0K |
| Accounts payable and accrued liabilities | $19.7M | $3.3M | $91.0K |
| Deferred costs | -$12.3M | -$8.6M | -$7.7M |
| Deferred revenues | $9.7M | $2.7M | $3.6M |
| Net cash provided by (used in) operating activities | $42.9M | $18.6M | -$17.5M |
| Purchase of marketable securities | -$45.2M | -$40.4M | -$140.8M |
| Proceeds from sales, maturities, and redemptions of marketable securities | $31.8M | $71.3M | $181.0M |
| Purchases of property and equipment | -$1.5M | -$1.2M | -$1.1M |
| Capitalized software development costs | -$7.1M | -$6.7M | -$5.2M |
| Acquisition of business, net of cash acquired | -$375.5M | $0 | $0 |
| Net cash (used in) provided by investing activities | -$397.6M | $23.0M | $33.9M |
| Payments on revolving loan | -$45.0M | $0 | $0 |
| Principal payments on debt | $0 | $0 | -$85.0M |
| Payment of holdback funds from acquisition | $0 | $0 | -$3.6M |
| Debt issuance costs paid | -$1.9M | -$363.0K | -$341.0K |
| Proceeds from ESPP issuance | $5.3M | $4.7M | $4.1M |
| Proceeds from issuance of convertible senior notes | $335.5M | $0 | $0 |
| Proceeds from borrowing under revolving loan | $60.0M | $0 | $0 |
| Purchase of capped calls | -$33.9M | $0 | $0 |
| Payments for taxes related to net settlement of equity awards | $0 | -$12.8M | -$16.0M |
| Proceeds from stock option exercises | $3.7M | $20.2M | $13.0M |
| Net cash provided by (used in) financing activities | $323.8M | $11.8M | -$87.8M |
| Net (decrease) increase in cash and cash equivalents | -$30.9M | $53.4M | -$71.4M |
| Cash paid for interest | $5.9M | $283.0K | $7.1M |
| Cash paid for taxes (states) | $475.0K | $375.0K | $332.0K |
| Cash paid for taxes (foreign) | $201.0K | $0 | $0 |
Leadership
Who has led Alkami Technology, and when. Pick a name to see everywhere that person has worked.
- FounderSean McElroy1
Board members and other officers (1)
- Chief technology officerSean McElroy 2009 to Sep 30, 20171
Former names
- ALKAMI TECHNOLOGY, INC,Sep 6, 2011 to Aug 14, 20204
Timeline
Recent filings
- Oct 7, 20268-K
- Oct 7, 20264
- Oct 7, 20264
- Oct 7, 20264
- Oct 7, 20264
- Oct 7, 20264
- Sep 9, 20264
- Sep 3, 20264
- Sep 3, 20264
- Sep 3, 20264
- Sep 3, 20264
- Aug 14, 2026SCHEDULE 13G/A
- Aug 11, 20264
- Jul 30, 202610-Q
- Jul 29, 20268-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitewww.alkami.com1
- LinkedInwww.linkedin.com/company/alkamitech1
- WikidataQ140366484
- SEC EDGARCIK 1529274
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataAlkami Technology on Wikidata
- 2
- 3Company websiteAlkami Technology logo
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