Alkami Technology, Inc. (ALKT) Earnings
Alkami Technology, Inc. is expected to report next earnings on July 29, 2026 (in NaN days), with a consensus EPS estimate of $0.19. ALKT has beaten EPS estimates in 8 of its last 12 reported quarters (average surprise -55.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $0.21 | $0.04 | -81.0% | $126M | +0.7% |
| Feb 25, 2026 | $0.15 | $-0.11 | -173.4% | $121M | +0.5% |
| Oct 30, 2025 | $0.15 | $0.13 | -13.3% | $113M | -6.0% |
| Jul 30, 2025 | $0.09 | $0.13 | +44.4% | $112M | -3.4% |
| Apr 30, 2025 | $0.09 | $0.13 | +44.4% | $98M | +3.7% |
| Feb 27, 2025 | $0.08 | $0.10 | +25.0% | $90M | +0.0% |
| Oct 30, 2024 | $0.06 | $0.09 | +50.0% | $86M | -4.1% |
| Jul 31, 2024 | $0.02 | $0.04 | +74.8% | $82M | +0.9% |
| May 1, 2024 | $0.02 | $0.04 | +80.8% | $76M | +0.8% |
| Feb 28, 2024 | $0.03 | $0.03 | -11.5% | $71M | +0.3% |
| Nov 1, 2023 | $0.00 | $0.01 | +119.8% | $68M | +0.7% |
| Aug 2, 2023 | $-0.06 | $-0.03 | +50.0% | $66M | +4.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 29, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Delivered strong first quarter with 29% revenue growth and over $22 million in adjusted EBITDA. - Closed six new digital banking relationships, including two banks and three digital sales and service platform clients. - Introduced first integrated capabilities for DSSP and new product Alchemy Engage. - Mantle acquisition added platform functionality, with 61 clients added since beginning of 2025. - At customer conference, demonstrated differentiated capabilities improving customer acquisition and engagement. - DSSP has grown with 11 to 48 clients having all three DSSP products since beginning of 2025. - Evolving from vertical application to vertical platform provider driving growth for banks and credit unions.
Guidance
- Second quarter 2026 revenue expected $128 million to $129 million, growth 14.2% to 15.1%; adjusted EBITDA $17.9 million to $18.7 million. - Full year 2026 revenue expected $527.1 million to $530.9 million, growth 18.8% to 19.7%; adjusted EBITDA $94.9 million to $97.9 million. - Expect full-year non-GAAP gross margin approximately 65%, adjusted EBITDA margin north of 19% in back half, with ~500 basis points margin expansion. - Board approved inaugural stock repurchase program of up to $100 million.
Segment performance
Alchemy achieved 29% revenue growth in the first quarter, with revenue of $126.1 million. Subscription revenue grew 30% and represented 96% of total revenue. Adjusted EBITDA was $22.3 million. The digital sales and service platform (DSSP) has seen growth with over half of new logos since Q2 of last year being DSSP, and DSSP new logos have a 30% uplift in ARR versus historic online banking offering. ARR was increased by 22% to $494 million, with backlog of approximately $1.7 billion pending implementation.
Analyst Q&A
Q: Cassandra, you have the grow over in the second quarter, but you also talked about accelerating growth in third quarter and fourth quarter. Can you just provide a little bit more clarity as to the confidence in accelerating growth?
A: Just to clarify, Chris, that growth acceleration will be in the third quarter in particular, and it's really driven by a more favorable year-over-year comparison, just some timing dynamics that we experienced in 2025. As it relates to the headwind in the second quarter, that's really timing of termination fee revenue. You know, we do have that headwind in every quarter this year, but it is a little bit more pronounced in the second quarter in particular, which is why I called it out on the call.
Q: Alex, you spoke again today in your prepared remarks about more banks being open to separating online banking from their core provider. Can you talk about what's driving that willingness...
A: Yeah, thanks. Once again, let's talk about the difference between the bank market and the credit union market. And in a previous earnings call, I've got these specific numbers. So I'm going to give you the round numbers. I know we've got the specific numbers. But in the credit union market, it's probably in the mid 40%, 45% of the customers that have an online banking application that is supplied to them from their core provider. And in the bank market, it's been north of 75%. So that's the part that we're beginning to see online. I actually talked to a prospect at Colab who is going to pay off four years of their remaining digital banking contract to move to a different digital banking platform from their from their core. And I asked them, I said, this is one of the first times that I've ever heard this. Why are you doing this? And they said, in our market, we have to compete with Wells Fargo and KeyBank. And we're at the point where our digital capabilities are insufficient. And if we don't make this change, it's going to impact the business of the bank. So you're starting to see that demand push create these conversions. But the flip side of that is the more customers that see somebody come onto a platform like Alchemy successfully go through the conversion, successfully bring their customers on board, then they're willing to make the change. It's ultimately a decision of value versus risk. And that's why the integration of the data marketing platform and the onboarding platform and digital banking is so critical because when bank sees the outcome of speed to bringing on a new customer, reduced cost to bringing on a new customer, increased speed to cross-sell, they start to have the conviction to make the change.