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Friday 6 November 2026
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Alkami Technology, Inc.
ALKT Technology Software Application
Alkami Technology, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $443.6 million, up 32.9% from fiscal 2024.
- Revenue
- +19.4%
- EPS
- +54.8%
- Free cash flow
- −29.7%
- Total debt
- −5.56%
Quarter to September 2026, against a year earlier
13.27
0.01
+0.08%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 74 | 112 | 152 | 204 | 265 | 334 | 444 | 512 | +34.9% | 531 | 606 | 695 | +16.1% | |
| Gross margin, % | — | — | — | 41.39 | 52.75 | 55.08 | 53.03 | 54.42 | 58.90 | 57.84 | 57.52 | +16.5 pt | ||||||
| EBT | — | — | — | (42) | (51) | (47) | (59) | (63) | (41) | (59) | (35) | +5.9% | ||||||
| EBT margin, % | — | — | — | (56.93) | (45.79) | (30.66) | (28.91) | (23.74) | (12.14) | (13.29) | (6.87) | +43.6 pt | ||||||
| Net income | — | 0 | — | (42) | (51) | (47) | (59) | (63) | (41) | (48) | (37) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 16.92 | 23.32 | 2.36 | 2.25 | 2.81 | 3.38 | 4.27 | 4.80 | (20.5%) | |||||
| Earnings | — | — | — | (9.63) | (10.68) | (0.73) | (0.64) | (0.67) | (0.41) | (0.46) | (0.34) | (39.8%) | ||||||
| Cash flow | — | — | — | (8.99) | (7.93) | (0.45) | (0.42) | (0.19) | 0.19 | 0.41 | 0.52 | n/m | ||||||
| Capex | — | — | — | (0.85) | (0.45) | (0.06) | (0.05) | (0.07) | (0.08) | (0.08) | (0.08) | (32.0%) | ||||||
| Free cash flow | — | — | — | (9.84) | (8.38) | (0.51) | (0.47) | (0.25) | 0.11 | 0.33 | 0.44 | n/m | ||||||
| Book value | — | — | — | 0.00 | (54.79) | 5.34 | 3.67 | 3.45 | 3.61 | 3.48 | 3.37 | n/m | ||||||
| Shares, m | — | — | — | 4 | 5 | 65 | 91 | 94 | 99 | 104 | 106 | +69.7% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | 1.97 | 1.97 | 8.50 | 6.59 | 8.26 | 10.87 | 5.40 | 2.77 | 6.2 | ||||||
| P/B | — | — | — | 0.00 | 0.00 | 3.76 | 4.03 | 6.73 | 10.16 | 6.62 | 3.94 | 4.5 | ||||||
| EV/Sales | — | — | — | 0.84 | 0.84 | 6.64 | 6.12 | 8.00 | 10.59 | 6.02 | 3.31 | 5.6 | ||||||
| EV/FCF | — | — | — | (3.86) | (3.86) | (29.77) | (28.55) | (84.55) | 373.42 | 81.09 | 37.21 | 43.4 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | (39) | (38) | (29) | (38) | (18) | 19 | 43 | 56 | n/m | |||||
| Capex | — | — | — | (4) | (2) | (4) | (4) | (6) | (8) | (9) | (9) | +15.3% | ||||||
| Free cash flow | — | — | — | (43) | (40) | (33) | (42) | (24) | 11 | 34 | 47 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | 6 | 173 | 312 | 201 | 109 | 136 | 98 | 95 | +58.8% | |||||
| Net debt | — | — | — | (12) | (142) | (284) | (96) | (74) | (99) | 268 | 271 | n/m | ||||||
| Shareholders’ equity | — | — | — | 15 | (264) | 345 | 334 | 325 | 357 | 362 | 360 | +70.7% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | (163.39) | (37.53) | (13.74) | (12.66) | (14.16) | (9.76) | (7.42) | (4.44) | +156.0 pt | |||||
| ROIC | — | — | — | 0.00 | 0.00 | (44.23) | (15.14) | (15.87) | (10.79) | (5.32) | (2.89) | (5.3) pt | ||||||
| ROE | — | — | — | 0.00 | 24.69 | (116.17) | (17.27) | (19.09) | (11.98) | (13.25) | (10.44) | (13.2) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 667 | 851 | 917 | 938 | 1,225 | — | +16.4% | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.00 | 0.23 | 0.24 | 0.29 | 0.36 | 0.36 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
Alkami Technology, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| EVCM EverCommerce Inc. | $1.5B | 46.1× | 39.3× | +2.70% (above 0%: growing) | +25.00% (above 0%: growing) | +3.41% (above 0%: growing) | 78.61% | 11.49% | Compare |
| UPBD Upbound Group, Inc. | $1.5B | 12.9× | 7.9× | −1.59% (below 0%: shrinking) | +156.52% (above 0%: growing) | +112.11% (above 0%: growing) | 50.62% | 6.21% | Compare |
| ALKT Alkami Technology, Inc. | $1.4B | — (loss-making) | — (loss-making) | +19.44% (above 0%: growing) | n/m | −29.65% (below 0%: shrinking) | 57.50% | (4.63%) | |
| LSPD Lightspeed Commerce Inc. | $1.4B | — (loss-making) | — (loss-making) | +5.82% (above 0%: growing) | n/m | −23,170.13% (below 0%: shrinking) | 42.94% | (1.72%) | Compare |
| IBTA Ibotta, Inc. | $1.4B | — (loss-making) | — (loss-making) | +17.49% (above 0%: growing) | n/m | +58.39% (above 0%: growing) | 79.85% | 4.83% | Compare |
| PD PagerDuty | $1.3B | 7.9× | 35.3× | +0.83% (above 0%: growing) | −45.45% (below 0%: shrinking) | +8.53% (above 0%: growing) | 83.90% | 8.23% | Compare |
| WRD WeRide Inc. | $1.3B | — (loss-making) | — (loss-making) | +92.37% (above 0%: growing) | n/m | −92.28% (below 0%: shrinking) | 37.49% | (182.09%) | Compare |
| SECZ Securitize Corp. | $1.2B | 217× | — | — | n/m | +100.00% (above 0%: growing) | — | 0.00% | Compare |
| RDVT Red Violet, Inc. | $1.2B | 59.3× | 74.2× | +20.22% (above 0%: growing) | +16.67% (above 0%: growing) | +21.04% (above 0%: growing) | 85.52% | 20.77% | Compare |
| Median of peers | $1.3B | 46.1× | 37.3× | +5.82% | +20.83% | +14.79% | 78.61% | 5.52% |
Pay and ownership Proxy statement filed 7 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2026 | 7.49m | (651.94k) | 115.00 |
| 2025 | 7.78m | 16.74m | 182.85 |
| 2024 | 4.31m | 11.41m | 120.89 |
| 2023 | 998.30k | (4.78m) | 72.73 |
Ownership
Directors and executive officers, together
17.10%
General Atlantic
13.90%
Brian R. Smith
13.80%
S3 Ventures Fund III, L.P.
13.30%
George B. Kaiser
6.10%
Jana Partners Management, LP
5.10%
BlackRock, Inc.
5.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement