Alkami Technology (ALKT)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $1.5B, Alkami Technology's free cash flow of $34M (fiscal 2025) would need to grow about 16% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 1 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Alkami Technology's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from ALKT's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Alkami Technology's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $152M | $204M | $265M | $334M | $444M |
| Net income | -$47M | -$59M | -$63M | -$41M | -$48M |
| Free cash flow | -$33M | -$42M | -$24M | $11M | $34M |
| EPS (diluted) | -$0.73 | -$0.64 | -$0.67 | -$0.41 | -$0.46 |
| Operating margin | -28.2% | -28.2% | -24.1% | -13.4% | -12.1% |
Where the revenue comes from
Revenue by products, fiscal 2025. Every breakdown, year by year.
Superinvestors who own ALKT
From each investor's latest 13F filing (what a 13F shows). 4 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Barry Rosenstein JANA Partners |
Added | $122M | 6.4% | Q2 2026 |
| Jean-Marie Eveillard First Eagle Investment Management |
New position | $8M | 0.01% | Q2 2026 |
| Eric Marshall Hodges Capital Management |
Trimmed | $6M | 0.41% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $3M | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Alkami Technology's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you. Every purchase since records began.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 12, 2026 | Atlantic Genpar (Bermu General |
500,000 | $18.33 | $9M |
| Mar 11, 2026 | Atlantic L.p. General |
900,000 | $18.41 | $17M |
| Mar 11, 2026 | Joseph P Payne |
5,500 | $18.23 | $100,265 |
| Mar 10, 2026 | Atlantic L.p. General |
1,103,749 | $17.56 | $19M |
| Mar 9, 2026 | Atlantic L.p. General |
842,266 | $17.35 | $15M |
| Nov 13, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $20.07 | — |
| Nov 13, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $20.07 | — |
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In the full deep dive
Questions
What growth does Alkami Technology's stock price imply?
At a market value of $1.5B, Alkami Technology would need its free cash flow to grow about 16% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 1 years its free cash flow grew 219% a year.
Are Alkami Technology insiders buying the stock?
7 open-market insider purchases of ALKT in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Alkami Technology?
4 of the superinvestors Investingly tracks hold ALKT in their latest 13F, including Barry Rosenstein, Jean-Marie Eveillard, Eric Marshall.
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Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.