ALKT

EX-99.1

2 exhibit991-earningsrelease.htm

EX-99.1

Document

Exhibit 99.1

Alkami Announces Third Quarter 2026 Financial Results

PLANO, Texas, October 28, 2026 (PRNewswire) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami” or “the Company”), a digital sales and service platform provider for financial institutions in the U.S., today announced results for its third quarter ending September 30, 2026.

Third Quarter 2026 Financial Highlights

•GAAP total revenue of $134.9 million, an increase of 19.4% compared to the year-ago quarter;

•GAAP gross margin of 57.5%, compared to 56.8% in the year-ago quarter;

•Non-GAAP gross margin of 63.1%, compared to 63.7% in the year-ago quarter;

•GAAP net loss of $(6.7) million, compared to $(14.8) million in the year-ago quarter; and

•Adjusted EBITDA of $26.3 million, compared to $16.0 million in the year-ago quarter.

Comments on the News

Alex Shootman, Chief Executive Officer, said, "We are pleased to report strong third-quarter financial performance, with revenue growth of 19% and Adjusted EBITDA of $26 million, both ahead of expectations. We continue to see growing demand for modern digital solutions among financial institutions seeking to remain competitive with megabanks and fintechs. We also continued to drive AI product adoption and operational improvements while implementing an additional 10 clients in the third quarter."

Cassandra Hudson, Chief Financial Officer, said, "In the last 12 months, we added 2.8 million registered users to our digital banking platform, ending the quarter with 24.4 million digital banking users. We exited the third quarter with annual recurring revenue of $533 million, up 19% compared to the year-ago quarter and revenue per registered user of $21.88, up 5% compared to the year-ago quarter. Our third quarter adjusted EBITDA margin of 19.5% was above expectations, and reflected more than 530 basis points of expansion compared to the year-ago quarter."

2026 Financial Outlook

The following statements are forward-looking, and actual results could differ materially depending on market conditions and the factors set forth under “Cautionary Statement Regarding Forward-Looking Statements.”

Alkami is providing guidance for its fourth quarter ending December 31, 2026 of:

•GAAP total revenue in the range of $139.7 million to $141.2 million;

•Adjusted EBITDA in the range of $30.0 million to $31.0 million.

Alkami is providing guidance for its fiscal year ending December 31, 2026 of:

•GAAP total revenue in the range of $530.5 million to $532.0 million;

•Adjusted EBITDA in the range of $98.0 million to $99.0 million.

Conference Call Information

The Company will host a conference call at 5:00 p.m. ET today to discuss its financial results with investors. A live webcast of the event will be available on the Alkami investor relations website at investors.alkami.com. In addition, a live dial-in will be available domestically at 1-800-836-8184 and internationally at 1-646-357-8785, using passcode 07467. The webcast replay will be available on the Alkami investor relations website.

About Alkami

Alkami provides a digital sales and service platform for U.S. banks and credit unions. Our unified Platform integrates onboarding, digital banking, and data and marketing—each solution can stand alone, but together they deliver more—to help institutions onboard, engage, and grow relationships. As the future shifts toward Anticipatory Banking, we help data-informed bankers meet the moment with technology that drives action.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking” statements relating to Alkami Technology, Inc.’s strategy, goals, future focus areas, and expected, possible or assumed future results, including its future cash flows and its financial outlook. These forward-looking statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements that are not historical facts and may be identified by terms such as “expects,” “believes,” “plans,” or similar expressions and the negatives of those terms. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements, expressed or implied by the forward-looking statements. Factors that may materially affect such forward-looking statements include: Our limited operating history and history of operating losses; our ability to manage future growth; our ability to attract new clients and retain and expand existing clients’ use of our solutions; the unpredictable and time-consuming nature of our sales cycles; our ability to maintain, protect and enhance our brand; our ability to accurately predict the long-term rate of client subscription renewals or adoption of our solutions; our rel

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