Alkami(US:ALKT) Prnewswireยท2025-04-30 20:05Core Insights - Alkami Technology, Inc. reported strong financial performance for Q1 2025, with revenue growth of 28.5% year-over-year and an Adjusted EBITDA of $12.1 million [2][9] - The company has expanded its user base to 20.5 million, an increase of 2.3 million from the previous year, and continues to gain market share in the digital banking sector [2][29] - Alkami's acquisition of MANTL is expected to enhance revenue growth and gross margin, contributing approximately $31.4 million in revenue for the full year 2025 [5][10] Financial Performance - Total revenue for Q1 2025 was $97.8 million, up from $76.1 million in Q1 2024, reflecting a 28.5% increase [9][26] - The company reported a GAAP net loss of $7.8 million, an improvement from a loss of $11.4 million in the same quarter last year [9][26] - Annual recurring revenue (ARR) reached $404 million, representing a 33% increase year-over-year, with revenue per registered user at $19.74, up 18% [2][29] Strategic Developments - Alkami's CEO highlighted ongoing efforts to enhance market presence, improve add-on sales, and invest in platform capabilities, particularly through the recent acquisition of MANTL [2][5] - The company is actively searching for a successor for its retiring CFO, Bryan Hill, who has been instrumental in the company's growth and financial strategy since 2019 [3][4] - The acquisition of MANTL is anticipated to be accretive to Alkami's overall revenue growth and gross margin expansion, with expectations for a positive impact on Adjusted EBITDA by 2026 [5][10] Market Position - Alkami continues to position itself as a leading provider of cloud-based digital banking solutions for financial institutions in the U.S., focusing on transforming retail and business banking [7] - The company aims to maintain its competitive edge by expanding its digital banking platform and enhancing customer engagement through innovative solutions [7][20]