Digital banking software firm Alkami Q3 revenue misses estimates

Alkami Technology

30/10/2025 20:27

Overview

Alkami Q3 revenue grows 31.5% yr/yr but misses analyst expectations

Adjusted EBITDA for Q3 rises significantly, demonstrating progress in scaling business

Company reports GAAP net loss of $14.8 mln, up from $9.4 mln last year

Outlook

Alkami sees Q4 revenue between $119.6 mln and $121.1 mln

Company expects Q4 adjusted EBITDA of $16.1 mln to $17.1 mln

Alkami forecasts full-year revenue between $442.5 mln and $444.0 mln

Company projects full-year adjusted EBITDA of $56.0 mln to $57.0 mln

Result Drivers

NEW CLIENTS - Successful launch of 13 new financial institutions, including six banks, contributed to revenue growth

REGIONAL DEMAND - Demand among regional and community financial institutions continues to drive favorable pipeline and revenue opportunities

HOLISTIC SOLUTIONS - Early momentum in demand for holistic solutions like Alkami's Digital Sales & Service Platform

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$112.95 mln
$114.30 mln (10 Analysts)
Q3 Net Income
-$14.80 mln
Q3 Gross Margin
56.80%
Q3 Adjusted Gross Margin
63.70%
Q3 Gross Profit
$64.14 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Alkami Technology Inc is $37.50, about 39.8% above its October 29 closing price of $22.59

Press Release: ID:nPnbD5zjRa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)