ALKT Stock Analysis: Alkami Technology | NASDAQ
Software - Application | NASDAQ, USA | Market Cap: 2.106m USD | 12M Return: -18.9% | US01644J1088 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 23.1M
Qual. Beats: 0
Rev. Trend: 99.9%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 5.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Alkami Technology, Inc. (NASDAQ: ALKT) is a U.S.-based software provider that delivers a cloud-based digital sales and service platform to financial institutions, including community, regional, and super-regional banks and credit unions. Its flagship product, the Alkami digital sales & service platform, combines a digital banking platform with onboarding/account opening and data & marketing modules designed to help clients acquire users, drive revenue growth, and improve operational efficiency.
The company operates under a Software-as-a-Service (SaaS) business model, leveraging a proprietary, multi-tenant cloud architecture that allows multiple financial institution clients to share a single platform instance while maintaining data separation. Founded in 2009 and headquartered in Plano, Texas, Alkami went public in April 2021 and is classified within the Information Technology sector under the Application Software sub-industry, serving the broader financial technology (fintech) ecosystem that supports digital transformation at U.S. banks and credit unions.
- Platform subscriber growth and net revenue retention accelerate
- Path to GAAP profitability drives operating margin expansion
- Community bank and credit union IT spending tied to rate environment
- Competition from Q2 Holdings and nCino pressures digital banking wins
| Net Income: -45.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 6.93 > 1.0 |
| NWC/Revenue: 19.25% < 20% (prev 28.91%; Δ -9.66% < -1%) |
| CFO/TA 0.08 > 3% & CFO 66.5m > Net Income -45.1m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 2.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (106.6m) vs 12m ago 3.13% < -2% |
| Gross Margin: 57.01% > 18% (prev 58.94%; Δ -1.93% > 0.5%) |
| Asset Turnover: 58.60% > 50% (prev 45.87%; Δ 12.73% > 0%) |
| Interest Coverage Ratio: -4.18 > 6 (EBIT TTM -41.2m / Interest Expense TTM 9.86m) |
| A: 0.11 (Total Current Assets 177.5m - Total Current Liabilities 83.2m) / Total Assets 831.1m |
| B: -0.65 (Retained Earnings -542.7m / Total Assets 831.1m) |
| C: -0.05 (EBIT TTM -41.2m / Avg Total Assets 835.7m) |
| D: 0.77 (Book Value of Equity 362.7m / Total Liabilities 468.4m) |
| Altman-Z'' = -0.90 = CCC |
| DSRI: 0.94 (Receivables 56.7m/47.7m, Revenue 489.7m/385.5m) |
| GMI: 1.03 (GM 58.94% / 57.01%) |
| AQI: 0.98 (AQ_t 0.73 / AQ_t-1 0.74) |
| SGI: 1.27 (Revenue 489.7m / 385.5m) |
| TATA: -0.13 (NI -45.1m - CFO 66.5m) / TA 831.1m) |
| Beneish M = -2.88 (Cap -4..+1) = A |
As of September 12, 2026, the stock is trading at USD 20.51 with a total of 3,337,855 shares traded. Over the past week, the price has changed by +2.09%, over one month by +3.43%, over three months by +37.56% and over the past year by -18.93%.
Current recommended Stop Loss: 19.40 (which is 5.4% or 1.4 ATR below the current price).
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 | 22 | 7.3% |
P/S = 4.2997
P/B = 5.9239
Revenue TTM = 489.7m USD
EBIT TTM = -41.2m USD
EBITDA TTM = -25.4m USD
Long Term Debt = 337.2m USD (from longTermDebt, last quarter)
Short Term Debt = 2.17m USD (from shortTermDebt, last quarter)
Debt = 379.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 21.0m
Net Debt = 298.2m USD (calculated: Debt 379.1m - CCE 81.0m)
Enterprise Value = 2.40b USD (2.11b + Debt 379.1m - CCE 81.0m)
Interest Coverage Ratio = -4.18 (Ebit TTM -41.2m / Interest Expense TTM 9.86m)
EV/FCF = 36.93x (Enterprise Value 2.40b / FCF TTM 65.1m)
FCF Yield = 2.71% (FCF TTM 65.1m / Enterprise Value 2.40b)
FCF Margin = 13.29% (FCF TTM 65.1m / Revenue TTM 489.7m)
Net Margin = -9.21% (Net Income TTM -45.1m / Revenue TTM 489.7m)
Gross Margin = 57.01% ((Revenue TTM 489.7m - Cost of Revenue TTM 210.5m) / Revenue TTM)
Gross Margin QoQ = 56.85% (prev 57.21%)
Tobins Q-Ratio = 2.89 (Enterprise Value 2.40b / Total Assets 831.1m)
Interest Expense / Debt = 2.60% (Interest Expense 9.86m / Debt 379.1m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -32.5m (EBIT -41.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.13 (Total Current Assets 177.5m / Total Current Liabilities 83.2m)
Debt / Equity = 1.05 (Debt 379.1m / totalStockholderEquity, last quarter 362.7m)
Debt / EBITDA = -11.72 (negative EBITDA) (Net Debt 298.2m / EBITDA -25.4m)
Debt / FCF = 4.58 (Net Debt 298.2m / FCF TTM 65.1m)
Total Stockholder Equity = 361.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -5.40% (Net Income -45.1m / Total Assets 831.1m)
RoE = -12.48% (Net Income TTM -45.1m / Total Stockholder Equity 361.4m)
RoCE = -5.89% (EBIT -41.2m / Capital Employed (Equity 361.4m + L.T.Debt 337.2m))
RoIC = -4.48% (negative operating profit) (NOPAT -32.5m / Invested Capital 725.6m)
WACC = 9.64% (E(2.11b)/V(2.48b) * Re(11.0%) + D(379.1m)/V(2.48b) * Rd(2.60%) * (1-Tc(0.21)))
Discount Rate = 11.0% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.43 | Cagr: 4.32%
[DCF] Terminal Value 73.93% ; FCFF base≈42.1m ; Y1≈48.3m ; Y5≈71.0m
[DCF] Fair Price = 5.36 (EV 871.4m - Net Debt 298.2m = Equity 573.2m / Shares 106.9m; r=9.64% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.70 | # QB: 0
Revenue Correlation: 99.89 | Revenue CAGR: 28.87% | SUE: 0.91 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.20 | Chg30d=+0.05% | Revisions=-62% | Analysts=8
EPS current Year (2026-12-31): EPS=0.76 | Chg30d=+0.04% | Revisions=+0% | GrowthEPS=+263.6% | GrowthRev=+19.4%
EPS next Year (2027-12-31): EPS=1.09 | Chg30d=+0.11% | Revisions=+0% | GrowthEPS=+43.1% | GrowthRev=+16.6%
[Analyst] Revisions Ratio: -28% (up=5, down=10)