Alkami(US:ALKT)2025-10-30 21:00Company Overview - Alkami is a cloud-based digital banking platform serving U S financial institutions[6] - The company empowers financial institutions to grow, drive user engagement, and improve operational efficiency[9] - Alkami's addressable market includes financial institutions with assets from $100 million to $450 billion, representing over 250 million digital users[12] Market and Growth - Alkami estimates its Total Addressable Market (TAM) to be approximately $14 billion[14] - The total market digital users are growing at a rate of 5% to 8% annually[15] - The company's go-to-market strategy focuses on the top 2,500 financial institutions, excluding megabanks, with approximately 500 contracts up for renewal annually[18] Financial Performance - Q3 2025 revenue growth was 32%, driven by the MANTL acquisition, new clients, user growth, and ARPU growth[47] - The company increased its ARR by 31% to $449 million[49] - Remaining performance obligation reached $1.6 billion, representing 3.6 times live ARR[49] Guidance and Future Outlook - Full year 2025 revenue guidance is $442.5 million to $444 million, and adjusted EBITDA guidance is $56 million to $57 million[72] - The company expects to increase gross margin by 200-300 bps per year through 2026[48]