Earnings ·
Alkami reports Q3 revenue of $134.9M, up 19%, and Adjusted EBITDA of $26.3M
ALKTAlkami Technology, Inc.
Alkami Technology reported third-quarter GAAP total revenue of $134.9 million, a 19.4% increase year-over-year, with a net loss narrowing to $6.7 million from $14.8 million in the prior period. Adjusted EBITDA rose significantly to $26.3 million from $16.0 million, driven by operational efficiencies and scale. The company ended the quarter with annual recurring revenue of $533 million, up 19%, and 24.4 million registered users on its digital banking platform. Alkami provided fourth-quarter revenue guidance between $139.7 million and $141.2 million and full-year revenue guidance of $530.5 million to $532.0 million. The company operates as a provider of digital sales and service platforms for U.S. financial institutions.