Dual recognition celebrates Alkami's acquisition of MANTL and the alignment of two award-winning cultures committed to transforming digital bankingPLANO, Texas, May 21, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., and its newly acquired subsidiary MANTL, a provider of account origination technology, today announced they have both been named to American Banker's 2025 list of the Best Pl ...

Group 1 - Alkami Technology, Inc. (ALKT) is experiencing significant activity in the options market, particularly with the Jun 20, 2025 $35.00 Put showing high implied volatility, indicating potential for a major price movement [1] - Implied volatility reflects market expectations for future stock movement, suggesting that investors anticipate a significant event that could lead to a rally or sell-off [2] - Analysts have mixed views on Alkami Technology, with the Zacks Consensus Estimate for the current quarter decreasing from nine cents per share to eight cents due to one upward and one downward revision in estimates [3] Group 2 - The high implied volatility surrounding Alkami Technology may indicate a developing trading opportunity, as options traders often seek to sell premium on such options to benefit from time decay [4]

Summary of Alchemy (ALKT) FY Conference Call - May 15, 2025 Company Overview - Alchemy provides technology solutions for smaller banks and credit unions, allowing them to compete with larger institutions like Chase and Bank of America by white labeling their technology [4][5] - The addressable market consists of approximately 250 million seats, with Alchemy currently having about 20.5 million seats live and registered [5] Core Business Insights - Alchemy's customer base primarily consists of institutions that are replacing legacy systems with modern technology, indicating a strong existing budget for digital banking solutions [6][7] - The company aims for a balanced growth strategy, targeting new logos and expanding sales to existing customers, with a focus on both banks and credit unions [9][10] Market Dynamics - Despite macroeconomic uncertainties, demand for digital banking remains strong, with long contract cycles (5-7 years) ensuring continued interest in upgrading technology [11][12] - Market consolidation among regional banks is ongoing, with Alchemy benefiting from this trend as smaller institutions merge into larger ones, increasing the number of seats and potential revenue [15][18] Financial Performance and Projections - Alchemy expects to add 300,000 to 400,000 users this year, driven by client acquisitions [18] - The company reported a backlog of $68 million in Annual Recurring Revenue (ARR) for implementation, with a significant portion coming from new logos [24][25] - The average revenue per user (RPU) for banks is significantly higher than for credit unions, indicating potential for revenue growth within the existing client base [25] Profitability and Growth Strategy - Alchemy is focused on improving gross margins, targeting 65% gross margin and 20% adjusted EBITDA margin in the coming years [34][36] - The Mantle acquisition is expected to enhance Alchemy's product offerings, particularly in digital account openings, which is a key demand from customers [38][39] Mantle Acquisition Insights - The Mantle acquisition aims to provide integrated account opening solutions, addressing the needs of customers who require both digital and in-branch capabilities [41][42] - Mantle has a customer base that complements Alchemy's existing clients, with minimal overlap, allowing for significant cross-selling opportunities [50][49] Capital Allocation and Financing - Alchemy strategically managed its capital structure during the acquisition process, opting for a convertible note offering to minimize dilution while securing necessary funds [55][60] - The company is positioned to pursue further acquisitions in the next twelve months, maintaining flexibility in its capital structure [59][60] Conclusion - Alchemy is well-positioned for growth in the digital banking sector, with a strong focus on customer needs, strategic acquisitions, and efficient capital management, aiming to become a billion-dollar revenue company in the next four to five years [37][36]

[PART I - FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) The unaudited condensed consolidated financial statements for Q1 2025 show significant asset and liability growth from the MANTL acquisition, with improved net loss [Unaudited Condensed Consolidated Balance Sheets](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) Total assets nearly doubled to $837.2 million by March 31, 2025, driven by the MANTL acquisition, while liabilities surged due to new debt Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | **Total Assets** | **$837,161** | **$437,277** | **+91.4%** | | Cash and cash equivalents | $61,660 | $94,359 | -34.6% | | Goodwill | $400,158 | $148,050 | +170.3% | | Intangibles, net | $178,801 | $29,021 | +516.1% | | **Total Liabilities** | **$503,117** | **$80,247** | **+527.0%** | | Convertible senior notes, net | $334,720 | $— | N/A | | Revolving loan | $60,000 | $— | N/A | | **Total Stockholders' Equity** | **$334,044** | **$357,030** | **-6.4%** | [Unaudited Condensed Consolidated Statements of Operations](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations) Revenues grew 28.5% to $97.8 million in Q1 2025, with net loss improving to $7.8 million due to a tax benefit, despite higher operating expenses Condensed Consolidated Statements of Operations (in thousands, except per share data) | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | Revenues | $97,835 | $76,127 | +28.5% | | Gross Profit | $57,760 | $44,032 | +31.2% | | Loss from Operations | $(15,396) | $(12,365) | +24.5% | | Net Loss | $(7,816) | $(11,433) | -31.6% | | Net Loss Per Share (Basic & Diluted) | $(0.08) | $(0.12) | -33.3% | - Operating expenses in Q1 2025 included a **$1.7 million** loss on impairment of intangible assets and **$2.4 million** in acquisition-related expenses, which were not present or were minimal in Q1 2024[10](index=10&type=chunk) [Unaudited Condensed Consolidated Statements of Changes in Stockholders' Equity](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Stockholders'%20Equity) Stockholders' equity decreased to $334.0 million in Q1 2025, primarily due to a capped call transaction and net loss, partially offset by stock-based compensation - A capped call transaction reduced additional paid-in capital by **$33.9 million** in Q1 2025[14](index=14&type=chunk) - Stock-based compensation added **$16.4 million** to additional paid-in capital in Q1 2025, compared to **$13.9 million** in Q1 2024[14](index=14&type=chunk) [Unaudited Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Cash flows in Q1 2025 were dominated by the MANTL acquisition, funded by new debt, resulting in a net decrease of $32.7 million in cash and equivalents Summary of Cash Flows (in thousands) | Activity | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash (used in) provided by operating activities | $(5,664) | $951 | | Net cash (used in) provided by investing activities | $(389,413) | $6,808 | | Net cash provided by (used in) financing activities | $362,378 | $(4,507) | | **Net (decrease) increase in cash** | **$(32,699)** | **$3,252** | - The acquisition of MANTL for **$375.5 million** (net of cash acquired) was the primary use of cash in investing activities[16](index=16&type=chunk) - Financing activities were driven by proceeds from issuing **$335.5 million** in convertible senior notes and borrowing **$60.0 million** under a revolving loan[16](index=16&type=chunk) [Notes to the Unaudited Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20the%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Notes detail the MANTL acquisition, new debt instruments including $345 million in convertible notes, and a $8.4 million tax benefit from the acquisition - On March 17, 2025, the Company acquired MANTL for approximately **$375 million**, net of cash acquired, to augment and diversify its offerings[29](index=29&type=chunk)[30](index=30&type=chunk)[32](index=32&type=chunk) - The Company issued **$345 million** in 1.50% convertible senior notes due 2030 and entered into a related **$33.9 million** capped call transaction to reduce potential dilution[54](index=54&type=chunk)[61](index=61&type=chunk) - The credit facility was amended, increasing the revolving loan commitment to **$225 million**, with **$60 million** borrowed in March 2025 to help fund the MANTL acquisition[48](index=48&type=chunk)[49](index=49&type=chunk) - A provisional deferred tax benefit of **$8.4 million** was recorded due to the partial release of a pre-existing valuation allowance, triggered by the net deferred tax liability from the MANTL acquisition[67](index=67&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=22&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2025 revenue growth driven by user expansion and RPU, the strategic MANTL acquisition, increased operating expenses, and altered liquidity [Overview](index=23&type=section&id=MD%26A%20Overview) Alkami's cloud-based digital banking platform drives subscription revenue, with Q1 2025 revenues reaching $97.8 million and a net loss of $7.8 million - Alkami's business model centers on a proprietary, cloud-based, multi-tenant digital banking platform for financial institutions[91](index=91&type=chunk) - Growth is driven by both organic expansion and strategic acquisitions, with MANTL in March 2025 enhancing account opening solutions[92](index=92&type=chunk) Q1 2025 Financial Highlights | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Total Revenues | $97.8 million | $76.1 million | | Net Loss | $7.8 million | $11.4 million | [Recent Developments](index=25&type=section&id=Recent%20Developments) Q1 2025 saw three major strategic transactions: the MANTL acquisition for $375 million, issuance of $345 million in convertible notes, and an increased $225 million credit facility - **MANTL Merger:** Acquired MANTL, a provider of onboarding and account opening solutions, for ~**$375 million** net of cash acquired[101](index=101&type=chunk) - **Credit Agreement Amendment:** Increased revolving loan commitment to **$225 million** and extended the maturity date to February 2030[102](index=102&type=chunk) - **Convertible Notes Issuance:** Issued **$345 million** principal amount of 1.50% Convertible Senior Notes due 2030[103](index=103&type=chunk) [Results of Operations](index=29&type=section&id=Results%20of%20Operations) Q1 2025 revenues grew 28.5% to $97.8 million, driven by user growth and RPU, with gross margin improving to 59.0% despite increased operating expenses Revenue and Key Metrics Comparison | Metric | Q1 2025 | Q1 2024 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Revenues | $97,835K | $76,127K | +$21,708K | +28.5% | | Annual Recurring Revenue (ARR) | $403,885K | $302,659K | +$101,226K | +33.4% | | Registered Users | 20,461K | 18,113K | +2,348K | +13.0% | | Revenue per Registered User (RPU) | $19.74 | $16.71 | +$3.03 | +18.1% | - Cost of revenues increased by **$8.0 million** (24.9%), slower than revenue growth, leading to a gross margin improvement to **59.0%**[133](index=133&type=chunk) - Total operating expenses increased by **$16.8 million** (29.7%), driven by higher personnel costs, MANTL acquisition expenses (**$2.4M**), and an impairment loss (**$1.7M**)[135](index=135&type=chunk) [Liquidity and Capital Resources](index=32&type=section&id=Liquidity%20and%20Capital%20Resources) The company held $95.3 million in cash and equivalents as of March 31, 2025, with the MANTL acquisition funded by new debt, and expects sufficient liquidity for the next 12 months - The company had **$95.3 million** in cash and marketable securities as of March 31, 2025[146](index=146&type=chunk) - The MANTL acquisition was funded via the issuance of 2030 Convertible Notes, borrowings on the Revolving Facility, and balance sheet cash[147](index=147&type=chunk) Cash Flow Summary (in thousands) | Activity | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash from operating activities | $(5,664) | $951 | | Net cash from investing activities | $(389,413) | $6,808 | | Net cash from financing activities | $362,378 | $(4,507) | [Quantitative and Qualitative Disclosures About Market Risk](index=36&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate fluctuations on its credit agreement, with minimal impact expected due to short-term investments - The primary market risk is interest rate risk associated with the Amended Credit Agreement[167](index=167&type=chunk)[168](index=168&type=chunk) - Due to the short-term nature of cash equivalents and marketable securities, the company does not believe an increase in market rates would have a significant negative impact on the value of its investments[169](index=169&type=chunk) [Controls and Procedures](index=38&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2025, with no material changes to internal control over financial reporting - Management concluded that as of March 31, 2025, the company's disclosure controls and procedures were effective at the reasonable assurance level[170](index=170&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, internal controls[171](index=171&type=chunk) [PART II - OTHER INFORMATION](index=39&type=section&id=PART%20II%20-%20OTHER%20INFORMATION) [Legal Proceedings](index=39&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently involved in any legal proceedings expected to materially adversely affect its business or financial condition - The company states it is not currently party to any litigation expected to have a material adverse effect on its business[172](index=172&type=chunk) [Risk Factors](index=39&type=section&id=Item%201A.%20Risk%20Factors) New risk factors primarily relate to increased indebtedness from the 2030 Convertible Notes, including cash flow limitations, repurchase challenges, and potential stock dilution - Increased indebtedness from the 2030 Convertible Notes could limit cash flow, increase vulnerability to adverse economic conditions, and limit flexibility[174](index=174&type=chunk)[179](index=179&type=chunk) - The company may be unable to raise sufficient funds to repurchase the 2030 Convertible Notes if required after a "fundamental change" or to pay cash due upon maturity or conversion[175](index=175&type=chunk) - The conversion of the 2030 Convertible Notes could dilute the ownership interests of existing stockholders[181](index=181&type=chunk) - The company is subject to counterparty risk with the financial institutions involved in the capped call transactions, which are intended to reduce dilution[184](index=184&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=41&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No unregistered sales of equity securities occurred during the reporting period - None [Defaults Upon Senior Securities](index=41&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) No defaults upon senior securities were reported during the period - None [Mine Safety Disclosures](index=41&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This disclosure item is not applicable to the company's operations - None [Other Information](index=41&type=section&id=Item%205.%20Other%20Information) No Rule 10b5-1 or non-Rule 10b5-1 trading arrangements were adopted or terminated by directors or officers in Q1 2025 - No director or officer adopted or terminated a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement in Q1 2025[188](index=188&type=chunk) [Exhibits](index=42&type=section&id=Item%206.%20Exhibits) This section indexes exhibits filed with the Form 10-Q, including the MANTL merger agreement, convertible notes indenture, and amended credit agreement - Lists key legal and financial documents filed as exhibits, such as the MANTL merger agreement and the indenture for the 2030 Convertible Notes[190](index=190&type=chunk) [Signatures](index=43&type=section&id=Signatures) The report was duly signed by the Chief Executive Officer and Chief Financial Officer on May 1, 2025 - The report was signed by the Principal Executive Officer and Principal Financial Officer on May 1, 2025[195](index=195&type=chunk)

Group 1: Earnings Performance - Alkami Technology reported quarterly earnings of $0.13 per share, exceeding the Zacks Consensus Estimate of $0.09 per share, and up from $0.04 per share a year ago, representing an earnings surprise of 44.44% [1] - The company posted revenues of $97.84 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.83%, compared to year-ago revenues of $76.13 million [2] - Alkami has surpassed consensus EPS estimates for four consecutive quarters [2] Group 2: Stock Performance and Outlook - Alkami shares have declined approximately 28% since the beginning of the year, while the S&P 500 has decreased by 5.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.09 on revenues of $108.12 million, and for the current fiscal year, it is $0.41 on revenues of $442.89 million [7] - The estimate revisions trend for Alkami is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Group 3: Industry Context - The Internet - Software industry, to which Alkami belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]

Financial Data and Key Metrics Changes - In Q1 2025, the company reported total revenue of $97.8 million, representing a year-over-year growth of 28.5% [23] - Adjusted EBITDA improved to $12.1 million compared to $3.8 million in the same quarter last year [23] - The company exited the quarter with an Annual Recurring Revenue (ARR) of approximately $400 million, reflecting a 33% increase [23] Business Line Data and Key Metrics Changes - Subscription revenue grew by 27% in Q1 2025, accounting for 95% of total revenue [23] - The company added 36 new digital banking clients, representing 1.1 million digital users, and exited the quarter with 278 live clients and 20.5 million registered users [24] - Revenue per user (RPU) increased by 18% to $19.74, driven by the Mantle acquisition and successful add-on sales [25] Market Data and Key Metrics Changes - The company reported a strong demand environment for digital banking, with no observed decline in demand from regional and community financial institutions [6][10] - The company’s sales pipeline remains robust, with a healthy mix of new logos and client renewals [25] - The company expects to churn only four clients in 2025, representing less than 1% of ARR, indicating strong client retention [24] Company Strategy and Development Direction - The company is focused on enhancing its product offerings in onboarding and account opening, retail and commercial functionality, user experience, and personalization [13] - The Mantle acquisition is expected to drive cross-selling opportunities and enhance the company's competitive position in the digital banking space [15][44] - The company is building a strategic development center in India to increase product and engineering capacity while maintaining profitability commitments [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the 2026 financial objectives outlined in previous earnings calls, citing a strong implementation backlog and sales pipeline [6] - The management noted that digital banking has shifted from a budget agenda to a capital allocation agenda for clients, emphasizing its strategic importance [9] - The company anticipates that the Mantle business will be accretive to adjusted EBITDA in 2026, with expected ARR under contract of approximately $60 million by the end of 2025 [33] Other Important Information - The company completed the acquisition of Mantle on March 17, 2025, for an enterprise value of $393 million [30] - The company ended the quarter with $95 million in cash and marketable securities and expanded its credit facility from $125 million to $225 million [29] Q&A Session Summary Question: Was the $5 million spend for the offshore initiative lighter in Q1? - Yes, it was a lighter expense in Q1, with the majority expected to concentrate in Q3 and Q4 of 2025 [36][37] Question: What contributed to the growth in revenue per user? - Mantle contributed about 1.8 to RPU this quarter, with a more normalized growth rate expected going forward [39][40] Question: Can you frame the cross-selling opportunity with Mantle? - Mantle had five transactions sold into the Alchemy base, and the integration is expected to be smoother than previous acquisitions [44][46] Question: Where is the most traction seen with the Mantle acquisition? - Balanced demand is observed in both banks and credit unions, with a focus on enhancing account opening experiences [51][53] Question: What are the implications of potential deregulation in the banking industry? - Open banking could present opportunities for customers to gain market share if they have the right technology [93][94] Question: What would it take for banks to slow spending on digital banking? - There would need to be extraordinary dislocation for banks to halt their digital banking projects, as these are often budgeted line items [97][98]

Financial Data and Key Metrics Changes - In Q1 2025, the company reported total revenue of $97.8 million, representing a year-over-year growth of 28.5% [24] - Adjusted EBITDA improved to $12.1 million compared to $3.8 million in the same quarter last year, marking a significant increase [24] - The company exited the quarter with an Annual Recurring Revenue (ARR) of approximately $400 million, reflecting a 33% increase year-over-year [24][25] - The average revenue per user (RPU) was $19.74, up 18% compared to the previous year [26] Business Line Data and Key Metrics Changes - Subscription revenue grew by 27% in Q1 2025, accounting for 95% of total revenue [24] - The company added 36 new digital banking clients, representing 1.1 million digital users, and exited the quarter with 278 live clients [25] - The Mantle acquisition contributed significantly to the growth in RPU, with an estimated contribution of 1.8 to RPU this quarter [41] Market Data and Key Metrics Changes - The company reported a registered user growth of approximately 2.3 million or 13% compared to the previous year [25] - The demand for digital banking services remains strong, with no observed decline despite macroeconomic uncertainties [7][9] - The company noted a balanced demand from both banks and credit unions, with a focus on enhancing account opening experiences [53] Company Strategy and Development Direction - The company aims to leverage its digital banking platform to enhance customer acquisition and onboarding experiences, emphasizing the importance of a seamless digital experience [10][87] - Investments are being made in product development, particularly in onboarding, user experience, and personalization [14] - The company is building a strategic development center in India to increase product and engineering capacity while maintaining profitability commitments [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the 2026 financial objectives, citing a strong sales pipeline and successful acquisition integration [7] - The demand for digital banking is viewed as essential for regional and community financial institutions to compete effectively [8] - Management indicated that the current macroeconomic environment has not led to a reduction in digital banking demand, with clients prioritizing their digital agendas [9][10] Other Important Information - The Mantle acquisition was completed on March 17, 2025, for an enterprise value of $393 million, which is expected to be accretive to adjusted EBITDA in 2026 [31][34] - The company has expanded its credit facility from $125 million to $225 million, enhancing its financial flexibility [30] Q&A Session Summary Question: Was the $5 million spend for the offshore initiative lighter in Q1? - Yes, it was a lighter expense in Q1, with the majority of the expense expected to concentrate in the third and fourth quarters of 2025 [38] Question: What contributed to the growth in revenue per user? - Mantle was the largest contributor, followed by success in add-on sales and new clients adopting more products [40] Question: Can you frame the cross-selling opportunity with Mantle? - Mantle had five transactions sold into the Alchemy base, and the integration is expected to yield significant cross-selling opportunities [46] Question: Where is the most traction seen with the Mantle acquisition? - Balanced demand is observed from both banks and credit unions, with a focus on enhancing account opening experiences [53] Question: What would it take for banks to slow spending on digital banking? - It would require extraordinary dislocation, as banks are managing expenses but not cutting digital banking projects [99][100]

Financial Data and Key Metrics Changes - In Q1 2025, the company reported total revenue of $97.8 million, representing a year-over-year growth of 28.5% [23] - Adjusted EBITDA improved to $12.1 million compared to $3.8 million in the same quarter last year, marking a significant increase [23] - The company exited the quarter with an Annual Recurring Revenue (ARR) of approximately $400 million, reflecting a 33% increase year-over-year [23][24] Business Line Data and Key Metrics Changes - Subscription revenue grew by 27% in Q1 2025, accounting for 95% of total revenue [23] - The company added 36 new digital banking clients, contributing to a total of 278 live clients and 20.5 million registered users, which is a 13% increase year-over-year [24] - The revenue per user (RPU) increased by 18% to $19.74, driven by the Mantle acquisition and successful add-on sales [25] Market Data and Key Metrics Changes - The company reported a strong demand environment for digital banking, with no observed decline in demand despite macroeconomic uncertainties [6][10] - The company’s sales pipeline remains robust, with a healthy mix of new client acquisitions and renewals [25] - The Mantle acquisition is expected to enhance the company's competitive position in both bank and credit union markets, with balanced demand observed in both segments [50] Company Strategy and Development Direction - The company is focused on enhancing its product offerings in onboarding and account opening, retail and commercial functionality, user experience, and personalization [13] - A strategic development center is being established in India to increase product and engineering capacity while maintaining profitability commitments [16] - The company aims to leverage its unique financial model to strengthen its competitive position in the SaaS market [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the 2026 financial objectives, citing a strong implementation backlog and sales pipeline [6] - The demand for digital banking is viewed as essential for regional and community financial institutions to compete effectively [6][10] - Management remains optimistic about the future, indicating that digital banking projects are prioritized by clients despite economic uncertainties [96][100] Other Important Information - The Mantle acquisition, valued at $400 million, was completed earlier than expected and is anticipated to be accretive to adjusted EBITDA in 2026 [31][33] - The company has expanded its credit facility from $125 million to $225 million, enhancing its financial flexibility [30] Q&A Session Summary Question: Was the $5 million spend for the offshore initiative still a lighter expense in Q1? - Yes, it was a lighter expense in Q1, with the majority of the expense expected to concentrate in the third and fourth quarters of 2025 [36][37] Question: How much did Mantle contribute to the growth in revenue per user? - Mantle contributed about 1.8 to RPU this quarter, with a more normalized growth rate expected going forward [39][40] Question: What is the opportunity for cross-selling Mantle into the existing base? - Initial success has been seen with five transactions sold into the Alchemy base, and there is confidence in the cross-selling opportunity [42][43] Question: Where is the most traction being seen with the Mantle acquisition? - Balanced demand is observed in both banks and credit unions, with a focus on enhancing account opening experiences [50] Question: What would it take for banks to slow spending on digital banking projects? - It would require extraordinary dislocation for banks to halt their digital banking projects, as these are often budgeted line items [96][100]

Alkami Technology, Inc. Proprietary Information. Alkami Technology First Quarter 2025 What We Do Cautionary Statement Regarding Forward-Looking Statements © Alkami Technology, Inc. • Cloud-based digital banking platform serving U.S. financial institutions How We Do It The company reports its financial results in accordance with accounting principles generally accepted in the United States of America, or GAAP. However, the company believes that, in order to properly understand its short-term and long-term fi ...

Exhibit 99.1 Alkami Announces First Quarter 2025 Financial Results Company Also Announces Planned Retirement of CFO Bryan Hill PLANO, Texas, April 30, 2025 (PRNewswire) -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami" or "the Company"), a leading cloud- based digital banking solutions provider for financial institutions (FIs) in the U.S., today announced results for its first quarter ending March 31, 2025. First Quarter 2025 Financial Highlights Comments on the News Alex Shootman, Chief Executive Officer ...