ALKT Filings — Alkami Technology, Inc. - FilingSpy
ALKT
Alkami Technology, Inc.
A cloud-based digital banking platform that helps community and regional banks and credit unions compete with the biggest banks. Its software powers digital banking, account opening, and data and marketing tools, and it integrates with hundreds of back-office systems; acquired brands like MANTL, Segmint, and ACH Alert round out its offerings. Founded in 2009 and headquartered in Plano, Texas, the company's name is a play on "alchemy"—the ancient art of turning base metals into gold—reflecting its mission to transform the ordinary into the extraordinary.
Alkami Reports Q2 2026 Revenue of $129.8M, Up 15.9% YoY
GAAP total revenue was $129.8 million for Q2 2026, a 15.9% increase from the year-ago quarter.
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GAAP gross margin was 56.8%, down from 58.6% in Q2 2025; non-GAAP gross margin was 63.0%, down from 65.1%.
GAAP net loss narrowed to $(8.9) million from $(13.6) million in Q2 2025.
Adjusted EBITDA was $19.4 million, up from $11.9 million in Q2 2025, with margin of 14.9%.
For Q3 2026, the company guides revenue of $132.7M-$134.2M and Adjusted EBITDA of $23.5M-$24.3M; for FY2026, revenue of $528.0M-$531.0M and Adjusted EBITDA of $96.0M-$98.0M.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Alkami Technology holds 2026 Annual Meeting; all three Class II directors elected and E&Y ratified as auditor.
76,909,758 shares (71.87% of 107,016,974 eligible shares) were represented at the meeting.
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Alkami Technology, Inc. held its 2026 Annual Meeting of Stockholders on May 19, 2026.
All three Class II director nominees — Charles Kane, Alex Shootman, and Brian R. Smith — were elected, with Kane receiving 70,325,534 votes for, Shootman 70,222,649, and Smith 52,065,034.
Stockholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2026, with 76,636,547 votes for.
The non-binding advisory vote on named executive officer compensation was approved with 69,605,942 votes for.
The report was filed under Item 5.07 to disclose the results of the matters voted on at the annual meeting.
5.07 Submission of Matters to a Vote of Security Holders
Alkami Technology amends credit agreement to allow up to $100M stock repurchases
On May 1, 2026, Alkami Technology, Inc. entered into a Fifth Amendment to its Amended and Restated Credit Agreement dated April 29, 2022.
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The Amendment permits the Company to use up to $100,000,000 of its cash to repurchase its common stock.
The Amendment was made with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, as Administrative Agent, and the other lenders party thereto.
Except as amended, the remaining terms of the Credit Agreement remain in full force and effect.
The full text of the Amendment is filed as Exhibit 10.1 to the Form 8-K.
1.01 Entry into a Material Definitive Agreement · 9.01 Financial Statements and Exhibits
Alkami appoints Jeff Fox and Jud Linville to its Board, effective after the 2026 Annual Meeting.
Judson Linville will serve as a Class III director with a term expiring at the 2027 annual meeting; Jeffrey Fox will serve as a Class I director with a term expiring at the 2028 annual meeting.
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On March 31, 2026, the Board approved the appointment of Jeffrey Fox and Judson Linville as new directors, effective immediately after the 2026 Annual Meeting of Stockholders.
The Board increased the size of Class I and Class III from three to four directors each, expanding the total Board from nine to eleven directors, effective after the 2026 Annual Meeting.
Each new director will receive compensation consistent with the Company's non-employee director compensation program as described in the proxy statement filed March 31, 2025.
No reportable transactions or relationships exist between the new directors and the Company under Item 404(a) of Regulation S-K.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Alkami reports Q4 2025 revenue of $120.8M, up 34.7% YoY; issues 2026 guidance
Q4 2025 GAAP total revenue was $120.8 million, up 34.7% year-over-year; full-year 2025 revenue was $443.6 million, up 32.9%.
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Q4 2025 GAAP net loss was $(11.4) million, compared to $(7.6) million in the year-ago quarter; full-year net loss was $(47.7) million versus $(40.8) million in 2024.
Q4 2025 Adjusted EBITDA was $19.1 million, up from $10.2 million in the year-ago quarter; full-year Adjusted EBITDA was $59.1 million, up from $26.9 million in 2024.
The company ended 2025 with 22.4 million registered users, annual recurring revenue of $480.3 million (up 35% YoY), and remaining performance obligations of $1.7 billion.
For fiscal 2026, Alkami guides GAAP total revenue of $525.5–$530.5 million and Adjusted EBITDA of $93.5–$97.5 million.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Alkami appoints Cassandra Hudson as CFO effective November 1, 2025
Cassandra Hudson, age 43, appointed Chief Financial Officer effective November 1, 2025, succeeding Bryan Hill.
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Bryan Hill retires on October 31, 2025 and will provide transition consulting through December 15, 2026.
Hudson's compensation includes $460,000 base salary, 70% target bonus, $25,000 signing bonus, and $6 million RSUs vesting over four years.
Hudson previously served as CFO at StackAdapt and EngageSmart, and held finance roles at Carbonite.
The company also reported Q3 2025 revenue of $113.0 million, up 31.5% year-over-year.
2.02 Results of Operations and Financial Condition · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits