Alkami Technology (ALKT) financial statements
Alkami Technology reported revenue of $444M in fiscal 2025, up 34.9% a year over 6 years.
Net income was -$48M and the operating margin -12.1%, against -57.8% in 2019.
Free cash flow was $34M.
The diluted share count rose 2290% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Alkami Technology's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $74M | $112M | $152M | $204M | $265M | $334M | $444M |
| Cost of revenue | $43M | $53M | $68M | $96M | $121M | $137M | $187M |
| Gross profit | $30M | $59M | $84M | $108M | $144M | $197M | $257M |
| Research and development | $33M | $40M | $49M | $69M | $85M | $96M | $118M |
| Selling, general and admin | $40M | $53M | $75M | $108M | $121M | $143M | $181M |
| Operating income | -$43M | -$35M | -$43M | -$58M | -$64M | -$45M | -$54M |
| Interest expense | $110,000 | $489,000 | $1M | $4M | $7M | $461,000 | $9M |
| Pre-tax income | — | -$51M | -$47M | -$59M | -$63M | -$41M | -$59M |
| Income tax | $0 | $0 | $172,000 | -$461,000 | $44,000 | $308,000 | -$11M |
| Net income | -$42M | -$51M | -$47M | -$59M | -$63M | -$41M | -$48M |
| EPS (diluted) | -$9.91 | -$11.78 | -$0.73 | -$0.64 | -$0.67 | -$0.41 | -$0.46 |
| Diluted shares | 4M | 5M | 65M | 91M | 94M | 99M | 104M |
| Gross margin | 41.4% | 52.8% | 55.1% | 53.0% | 54.4% | 58.9% | 57.8% |
| Operating margin | -57.8% | -31.3% | -28.2% | -28.2% | -24.1% | -13.4% | -12.1% |
| Net margin | -56.9% | -45.8% | -30.8% | -28.7% | -23.8% | -12.2% | -10.7% |
Balance sheet
Fiscal years, from Alkami Technology's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $12M | $167M | $309M | $196M | $92M | $94M | $63M |
| Receivables | — | $14M | $21M | $26M | $35M | $39M | $51M |
| Total current assets | — | $193M | $345M | $242M | $149M | $181M | $187M |
| Property, plant and equipment | — | $10M | $12M | $14M | $17M | $22M | $27M |
| Goodwill | — | $16M | $48M | $148M | $148M | $148M | $403M |
| Total assets | — | $249M | $437M | $489M | $400M | $437M | $847M |
| Total current liabilities | — | $20M | $33M | $42M | $39M | $46M | $90M |
| Long-term debt | — | $25M | $23M | $81M | $0 | — | — |
| Total liabilities | — | $69M | $92M | $155M | $75M | $80M | $485M |
| Shareholders' equity | -$195M | -$264M | $345M | $334M | $325M | $357M | $362M |
| Net debt | -$12M | -$142M | -$284M | -$24M | -$41M | -$94M | -$63M |
Cash flow
Fiscal years, from Alkami Technology's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$39M | -$38M | -$29M | -$38M | -$18M | $19M | $43M |
| Capital spending | $4M | $2M | $4M | $4M | $6M | $8M | $9M |
| Free cash flow | -$43M | -$40M | -$33M | -$42M | -$24M | $11M | $34M |
| Stock-based compensation | $1M | $2M | $15M | $45M | $51M | $59M | $76M |
| Dividends paid | $0 | $0 | $5M | $0 | $0 | — | — |
| Share buybacks (net) | $0 | -$3M | -$3M | $0 | $0 | — | — |
| Net borrowing | $0 | $25M | -$313,000 | $60M | -$85M | $0 | $0 |
| Free cash flow margin | -58.2% | -35.9% | -21.5% | -20.8% | -9.0% | 3.2% | 7.7% |
| Dividends per share | — | — | $0.08 | — | — | — | — |
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Open ALKT in InvestinglyQuestions
What was Alkami Technology's revenue in 2025?
$444M in fiscal 2025, from its 10-K filing.
How much free cash flow does Alkami Technology generate?
$34M in fiscal 2025 (operating cash flow minus capital spending).
From Alkami Technology's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.