Alkami Q1 revenue $76.1M (+26.9% YoY); Adjusted EBITDA turns positive at $3.8M

ALKAMI TECHNOLOGY, INC.

2024-Q1 EPS reported -$0.12 revenue$76,127,000

GAAP revenue $76.1M, up 26.9% YoY; GAAP net loss improved to $(11.4)M from $(17.0)M.
Adjusted EBITDA $3.8M vs $(2.9)M loss in prior year; non-GAAP gross margin 61.7% (+360 bps).
Annual Recurring Revenue $303M (+26.1% YoY); live registered users 18.1M (+20% YoY).
Largest client (top 10 credit union) renewed; total contract value more than doubled, extended 5 years.
Provided 2024 financial outlook; hosted record user conference with 800+ attendees from 220 FIs.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALKAMI TECHNOLOGY, INC. reported first quarter ending March 31, 2024 results: revenue $76.1 million, net income $(11.4) million.

Period: first quarter ending March 31, 2024
Revenue: $76.1 million
Net income: $(11.4) million
Result: reported results

Exact text from the filing

Alkami Announces First Quarter 2024 Financial Results PLANO, Texas, May 1, 2024 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced results for its first quarter ending March 31, 2024. First Quarter 2024 Financial Highlights • GAAP total revenue of $76.1 million, an increase of 26.9% compared to the year-ago quarter; • GAAP gross margin of 57.8%, compared to 53.6% in the year-ago quarter; • Non-GAAP gross margin of 61.7%, compared to 58.1% in the year-ago quarter; • GAAP net loss of $(11.4) million, compared to $(17.0) million in the year-ago quarter; and • Adjusted EBITDA of $3.8 million

View on SEC.gov

1436 earnings releases filed in the last 30 days. Browse all earnings releases →

ALKAMI TECHNOLOGY, INC. filing history →

Source: SEC EDGAR

accession 0001529274-24-000093

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.