ALKAMI TECHNOLOGY, INC. recently released its 10-Q report, revealing key insights into the company's financial performance and operations. Alkami Technology, Inc. is a Plano, Texas-based company that provides cloud-based digital banking solutions to community, regional, and super-regional credit unions and banks in the United States. The company's Alkami Digital Banking Platform enables financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency through a proprietary, cloud-based, and multi-tenant architecture.
In the 10-Q report, under Item 2 * Management’s Discussion and Analysis of Financial Condition and Results of Operations, Alkami Technology, Inc. highlighted its financial performance for the three and nine months ended September 30, 2025. The company reported total revenues of $113.0 million and $322.8 million for the three and nine months ended September 30, 2025, respectively, representing a 31.5% and 32.2% increase period-over-period. Notably, SaaS subscription revenues accounted for 95.5% and 94.9% of total revenues for the three and nine months ended September 30, 2025, respectively.
Alkami Technology, Inc. also disclosed its net losses, reporting $14.8 million and $36.2 million for the three and nine months ended September 30, 2025, respectively, compared to net losses of $9.4 million and $33.2 million for the same periods in 2024. The company attributed these losses to continued investment in sales, marketing, product development, and post-sales client activities as part of its growth strategy.
Furthermore, the report highlighted recent developments, including the merger with MANTL, a provider of onboarding and account opening solutions for financial institutions. The merger, which was completed on March 17, 2025, involved an aggregate consideration of approximately $375 million, net of cash acquired. Additionally, Alkami Technology, Inc. issued $345 million principal amount of its 1.50% Convertible Senior Notes due 2030 on March 13, 2025, and entered into a Third Amendment to its Amended and Restated Credit Agreement on February 27, 2025, to facilitate the acquisition of MANTL and make certain modifications to existing covenants.
The company emphasized its focus on growing its FI client base, serving 291 FIs through the Alkami Digital Sales and Service Platform as of September 30, 2025. Alkami Technology, Inc. highlighted its strategy of increasing operating expenses across all aspects of its business, particularly in research and development, to drive innovation and bring new capabilities to its platform.
As a result of these announcements, the company's shares have moved -2.66% on the market, and are now trading at a price of $21.99. Check out the company's full 10-Q submission here.
