Alkami Q2 revenue $66M (+30% YoY); net loss narrows to $18M; adds 10 new clients

ALKAMI TECHNOLOGY, INC.

2023-Q2 EPS reported -$0.37 revenue$125,759,000

Revenue $66M (+30% YoY); GAAP net loss $(18)M vs $(20)M in Q2 2022.
Non-GAAP gross margin 59% vs 58%; Adjusted EBITDA loss $(3)M vs $(5)M YoY.
Digital banking users 15.8M (+19% YoY); ARR $257M (+26% YoY).
Added 10 new digital banking clients in Q2 (16 in H1 2023); 40 clients in implementation with $48M ARR.
Revenue per user $16.20, driven by add-on sales and higher onboarding RPU.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ALKAMI TECHNOLOGY, INC. reported second quarter ending June 30, 2023 results: revenue $66 million, net income $(18) million.

Period: second quarter ending June 30, 2023
Revenue: $66 million
Net income: $(18) million
Result: reported results

Exact text from the filing

Second Quarter 2023 Financial Highlights • GAAP total revenue of $66 million, an increase of 30% compared to the year-ago quarter; • GAAP gross margin of 54%, compared to 54% in the year-ago quarter; • Non-GAAP gross margin of 59%, compared to 58% in the year-ago quarter; • GAAP net loss of $(18) million, compared to $(20) million in the year-ago quarter; and • Adjusted EBITDA loss of $(3) million, compared to $(5) million in the year-ago quarter

View on SEC.gov

Browse all earnings releases →

ALKAMI TECHNOLOGY, INC. filing history →

Source: SEC EDGAR

accession 0001529274-23-000149

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.