Alkami(US:ALKT) Prnewswireยท2025-07-30 20:05Core Insights - Alkami Technology, Inc. reported strong financial performance for Q2 2025, with revenue growth of 36% and Adjusted EBITDA of $12 million [2][6] - The company exited Q2 with 20.9 million users on its platform, an increase of 2.3 million year-over-year [2] - Alkami continues to see robust demand for digital transformation among regional and community financial institutions, highlighting the need for modern digital banking solutions [2] Financial Performance - GAAP total revenue for Q2 2025 was $112.1 million, a 36.4% increase compared to Q2 2024 [6][22] - GAAP gross margin was 58.6%, slightly down from 59.4% in the year-ago quarter, while Non-GAAP gross margin improved to 65.1% from 63.2% [6][29] - The company reported a GAAP net loss of $(13.6) million, compared to $(12.3) million in the same quarter last year [6][22] Key Metrics - Annual recurring revenue (ARR) reached $424 million, up 32% year-over-year [2][24] - Revenue per registered user (RPU) increased to $20.28, a 17% rise compared to the previous year [2][24] - The company added 23 new clients through its recent acquisition of MANTL, indicating strong growth in client acquisition [2] Future Outlook - Alkami provided guidance for Q3 2025, projecting GAAP total revenue in the range of $112.5 million to $114.0 million and Adjusted EBITDA between $13.0 million and $14.0 million [7] - For the fiscal year ending December 31, 2025, the company expects GAAP total revenue between $443 million and $447 million, with Adjusted EBITDA projected at $51.5 million to $54.0 million [7] Company Overview - Alkami Technology, Inc. is a leading provider of cloud-based digital banking solutions for financial institutions in the U.S., focusing on enabling clients to grow and adapt in a digital-first environment [4]