Alkami(US:ALKT) Prnewswire·2026-02-25 21:05Core Viewpoint - Alkami Technology, Inc. reported strong financial results for Q4 2025, highlighting significant revenue growth and improved profitability metrics, despite a GAAP net loss. Financial Highlights - Q4 2025 Adjusted EBITDA was $19.1 million, up from $10.2 million in Q4 2024, reflecting a growth of 87.8% [1] - GAAP net loss for Q4 2025 was $(11.4) million, compared to $(7.6) million in the same quarter last year [1] - Non-GAAP gross margin improved to 63.4% from 63.1% year-over-year, while GAAP gross margin decreased to 57.2% from 59.3% [1] - Total revenue for Q4 2025 reached $120.8 million, marking a 34.7% increase compared to Q4 2024 [1] Full Year Financial Performance - For the full year 2025, Adjusted EBITDA was $59.1 million, more than double the $26.9 million reported in 2024 [1] - GAAP net loss for 2025 was $(47.7) million, compared to $(40.8) million in 2024 [1] - Non-GAAP gross margin for 2025 was 64.1%, up from 62.7% in 2024, while GAAP gross margin was 57.8%, down from 58.9% [1] - Total revenue for 2025 was $443.6 million, a 32.9% increase from 2024 [1] Client Growth and Market Strategy - The company added 39 new clients in 2025, including 11 banks, with Q4 being the best quarter for new client acquisitions in four years [1] - Over 50% of new online banking deals in the second half of 2025 were under Alkami's Digital Sales & Service Platform [1] - The company experienced increased win rates across digital banking and related services, indicating strong demand for modern digital banking solutions [1] User Metrics and Future Outlook - Alkami added 2.4 million registered users in 2025, ending the year with 22.4 million users [1] - Annual recurring revenue (ARR) reached $480.3 million, up 35% from the previous year, with revenue per registered user increasing by 20% to $21.44 [1] - The company anticipates Q1 2026 Adjusted EBITDA in the range of $21.1 million to $21.9 million and GAAP total revenue between $124.7 million and $125.7 million [1]