Alkami(US:ALKT)2025-04-30 20:19Financial Performance - Alkami's Q1 2025 revenue grew by 28.5%, driven by new clients, existing client user growth, and ARPU growth[47] - The company's ARR increased by 33% to $404 million[48] - The remaining performance obligation (RPO) reached $1.6 billion, representing 3.9x live ARR, up 31% year-over-year[48] - Q1'25 includes MANTL revenue of $1.4 million based on acquisition closing date of March 17, 2025[60] Client and User Growth - Alkami implemented 7 clients in Q1 2025, bringing the total digital platform client count to 278[48] - The company exited Q1 2025 with 20.5 million registered users, up 2.3 million or 13% year-over-year[48] - Alkami signed 4 new digital banking platform clients in Q1[48] Market and Product Strategy - Alkami's total addressable market (TAM) is a growing, healthy $14 billion[18] - The company focuses on the top 2,500 financial institutions (FIs) excluding megabanks, with approximately 500 contracts up for renewal annually[16] - Full year 2025 revenue guidance of $443 million to $447 million and Adj EBITDA guidance of $49.5 million to $52.5 million[72] MANTL Acquisition - Full year guidance includes revenue of approximately $31.4 million and an Adj EBITDA loss of $5.0 million from the MANTL acquisition[72] - MANTL's ARR under contract at December 31, 2025 is expected to be approximately $60 million, representing a growth rate of over 30% based on the same metric in 2024[72]