(ALKT) Alkami Technology - Overview
Sector: Technology | Industry: Software - Application | Exchange: NASDAQ (USA) | Market Cap: 1.945m USD | Total Return: -47.8% in 12m
Avg Turnover: 25.6M
Qual. Beats: 0
Rev. Trend: 99.9%
Qual. Beats: 0
Warnings
Interest Coverage Ratio -3.7 is critical
Altman Z'' -0.82 < 1.0 - financial distress zone
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Alkami Technology, Inc. (ALKT) operates a cloud-native digital banking platform designed for financial institutions in the United States, including credit unions and regional banks. The company utilizes a multi-tenant software-as-a-service (SaaS) architecture to provide account opening, onboarding, and data-driven marketing tools.
The business model relies on recurring subscription revenue, a common standard in the Application Software sector that prioritizes long-term contract stability. This digital-first approach allows smaller community banks to compete with national institutions by outsourcing complex infrastructure to specialized vendors. Additional context on the companys competitive positioning is available on ValueRay.
Founded in 2009 and headquartered in Plano, Texas, Alkami focuses on enhancing operational efficiency and user engagement for its clients. Its platform integrates various financial modules into a single ecosystem to streamline the digital sales cycle for retail and commercial banking users.
- Subscription revenue growth driven by digital banking platform adoption
- Regional bank consolidation reduces total addressable customer count
- Cloud infrastructure scalability improves long-term operating margins
- Cross-selling data and marketing modules increases average revenue per user
- Shift toward digital-first banking accelerates financial institution software spending
| Net Income: -49.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 4.70 > 1.0 |
| NWC/Revenue: 20.29% < 20% (prev 31.21%; Δ -10.91% < -1%) |
| CFO/TA 0.06 > 3% & CFO 45.7m > Net Income -49.8m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 2.30 > 1.5 & < 3 |
| Outstanding Shares: last quarter (106.4m) vs 12m ago 3.86% < -2% |
| Gross Margin: 57.42% > 18% (prev 59.16%; Δ -1.74% > 0.5%) |
| Asset Turnover: 56.64% > 50% (prev 42.47%; Δ 14.17% > 0%) |
| Interest Coverage Ratio: -3.66 > 6 (EBIT TTM -40.1m / Interest Expense TTM 11.0m) |
| A: 0.12 (Total Current Assets 169.5m - Total Current Liabilities 73.8m) / Total Assets 829.3m |
| B: -0.64 (Retained Earnings -533.8m / Total Assets 829.3m) |
| C: -0.05 (EBIT TTM -40.1m / Avg Total Assets 833.2m) |
| D: 0.81 (Book Value of Equity 370.7m / Total Liabilities 458.7m) |
| Altman-Z'' = -0.82 = CCC |
| DSRI: 0.83 (Receivables 51.4m/46.8m, Revenue 471.9m/355.6m) |
| GMI: 1.03 (GM 59.16% / 57.42%) |
| AQI: 0.99 (AQ_t 0.74 / AQ_t-1 0.75) |
| SGI: 1.33 (Revenue 471.9m / 355.6m) |
| TATA: -0.12 (NI -49.8m - CFO 45.7m) / TA 829.3m) |
| Beneish M = -2.92 (Cap -4..+1) = A |
As of June 07, 2026, the stock is trading at USD 15.89 with a total of 1,254,509 shares traded.
Over the past week, the price has changed by -12.55%,
over one month by -5.70%,
over three months by -3.70% and
over the past year by -47.80%.
Alkami Technology has received a consensus analysts rating of 4.36. Therefore, it is recommended to buy ALKT.
- StrongBuy: 6
- Buy: 3
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 21.7 | 36.4% |
P/S = 4.1203
P/B = 5.2491
Revenue TTM = 471.9m USD
EBIT TTM = -40.1m USD
EBITDA TTM = -8.57m USD
Long Term Debt = 336.7m USD (from longTermDebt, last quarter)
Short Term Debt = 2.18m USD (from shortTermDebt, last quarter)
Debt = 379.7m USD (from shortLongTermDebtTotal, last quarter) + Leases 21.5m
Net Debt = 302.1m USD (calculated: Debt 379.7m - CCE 77.6m)
Enterprise Value = 2.25b USD (1.94b + Debt 379.7m - CCE 77.6m)
Interest Coverage Ratio = -3.66 (Ebit TTM -40.1m / Interest Expense TTM 11.0m)
EV/FCF = 50.80x (Enterprise Value 2.25b / FCF TTM 44.2m)
FCF Yield = 1.97% (FCF TTM 44.2m / Enterprise Value 2.25b)
FCF Margin = 9.37% (FCF TTM 44.2m / Revenue TTM 471.9m)
Net Margin = -10.55% (Net Income TTM -49.8m / Revenue TTM 471.9m)
Gross Margin = 57.42% ((Revenue TTM 471.9m - Cost of Revenue TTM 200.9m) / Revenue TTM)
Gross Margin QoQ = 57.21% (prev 57.19%)
Tobins Q-Ratio = 2.71 (Enterprise Value 2.25b / Total Assets 829.3m)
Interest Expense / Debt = 2.88% (Interest Expense 11.0m / Debt 379.7m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -31.7m (EBIT -40.1m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.30 (Total Current Assets 169.5m / Total Current Liabilities 73.8m)
Debt / Equity = 1.02 (Debt 379.7m / totalStockholderEquity, last quarter 370.7m)
Debt / EBITDA = -35.25 (negative EBITDA) (Net Debt 302.1m / EBITDA -8.57m)
Debt / FCF = 6.83 (Net Debt 302.1m / FCF TTM 44.2m)
Total Stockholder Equity = 356.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -5.98% (Net Income -49.8m / Total Assets 829.3m)
RoE = -13.96% (Net Income TTM -49.8m / Total Stockholder Equity 356.7m)
RoCE = -5.79% (EBIT -40.1m / Capital Employed (Equity 356.7m + L.T.Debt 336.7m))
RoIC = -4.32% (negative operating profit) (NOPAT -31.7m / Invested Capital 734.2m)
WACC = 8.77% (E(1.94b)/V(2.32b) * Re(10.04%) + D(379.7m)/V(2.32b) * Rd(2.88%) * (1-Tc(0.21)))
Discount Rate = 10.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 95.56 | Cagr: 4.73%
[DCF] Terminal Value 76.61% ; FCFF base≈28.7m ; Y1≈32.9m ; Y5≈48.4m
[DCF] Fair Price = 3.51 (EV 677.4m - Net Debt 302.1m = Equity 375.3m / Shares 107.0m; r=8.77% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.33 | # QB: 0
Revenue Correlation: 99.89 | Revenue CAGR: 28.91% | SUE: 0.69 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.16 | Chg30d=-12.03% | Revisions=-64% | Analysts=8
EPS next Quarter (2026-09-30): EPS=0.22 | Chg30d=+3.85% | Revisions=+27% | Analysts=8
EPS current Year (2026-12-31): EPS=0.81 | Chg30d=-0.49% | Revisions=-64% | GrowthEPS=+286.8% | GrowthRev=+19.4%
EPS next Year (2027-12-31): EPS=1.14 | Chg30d=+2.90% | Revisions=+33% | GrowthEPS=+40.5% | GrowthRev=+17.2%
[Analyst] Revisions Ratio: -64%