Recent Updates — ALKT
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.
Prerna Sachdeva resigned as chief accounting officer to pursue other opportunities, effective immediately. She will assist with the transition through November 2, 2026. Cassandra Hudson, currently serving as chief financial officer, will assume the responsibilities of principal accounting officer on an interim basis starting November 3, 2026, while the company searches for a permanent replacement. Hudson will not receive additional compensation for this interim role. The resignation was personal and not due to any disagreement regarding financial results or operations. Alkami Technology provides software solutions for community banks.
Alkami Technology, Inc. reported second quarter 2026 financial results on July 29, 2026, for the period ended June 30, 2026. GAAP total revenue increased 15.9% to $129.8 million, while GAAP net loss narrowed to $(8.9) million from $(13.6) million in the prior year quarter. Adjusted EBITDA rose to $19.4 million from $11.9 million, and annual recurring revenue grew 21% to $511.7 million. The company provided Q3 2026 GAAP revenue guidance of $132.7 million to $134.2 million and full-year 2026 GAAP revenue guidance of $528.0 million to $531.0 million. Alkami Technology, Inc. operates in the financial technology industry, providing a digital sales and service platform for U.S. banks and credit unions.