Alkami Technology Inc ( (ALKT) ) has released its Q2 earnings. Here is a breakdown of the information Alkami Technology Inc presented to its investors.
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Alkami Technology, Inc. is a prominent provider of cloud-based digital banking solutions for financial institutions in the United States, offering services that enhance retail and business banking, onboarding, account opening, payment security, and data and marketing solutions.
In its second quarter of 2025, Alkami Technology reported a significant increase in revenue, reaching $112.1 million, a 36.4% rise compared to the same period last year. Despite a net loss of $13.6 million, the company achieved an adjusted EBITDA of $11.9 million, showcasing substantial progress in scaling its operations.
Key financial highlights include a GAAP gross margin of 58.6% and a non-GAAP gross margin of 65.1%. The company also reported an annual recurring revenue of $424 million, marking a 32% increase from the previous year. Alkami’s platform now supports 20.9 million users, an increase of 2.3 million users from the year-ago quarter, and the revenue per registered user rose by 17% to $20.28.
Strategically, Alkami continues to capitalize on the demand for digital transformation in regional and community financial institutions. The acquisition of MANTL has been pivotal, adding 23 new clients in the quarter, further strengthening Alkami’s position as a leader in digital sales and service platforms.
Looking ahead, Alkami’s management remains optimistic, projecting continued revenue growth and an increase in adjusted EBITDA for the remainder of 2025. The company is poised to expand its market presence and enhance its digital banking solutions, addressing the evolving needs of financial institutions and their customers.