ALKT ALKAMI TECHNOLOGY, INC.

Overview and Growth

Fiscal 2025 results for ALKAMI TECHNOLOGY, INC. combined $443.64M of revenue with net loss of $47.65M and an operating cash inflow of $42.91M. Revenue of $443.64M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 32.9% above fiscal 2024 revenue of $333.85M, marking a year-over-year increase. Diluted earnings per share were -$0.46, translating the period’s attributable earnings into the amount reported for each diluted share. Total assets stood at $847.23M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Asset turnover was 0.52x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Gross profit was $256.60M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 57.8% of revenue, showing how much of the top line remained after direct costs. Operations produced a $53.64M operating loss before non-operating and tax effects. The operating loss equaled 12.1% of revenue, showing the scale of the operating deficit relative to sales. The company ended the period with a net loss of $47.65M, extending the operating result through all remaining items. Measured against revenue, the bottom-line deficit represented 10.7% after all recognized items. Before income taxes, the company recorded a loss of $58.96M, bridging the operating result to the final net loss. The pretax loss equaled 13.3% of revenue, measuring the pre-tax deficit against sales. The company recognized an income-tax benefit of $11.31M, increasing after-tax earnings relative to the pretax result. The net loss equaled 13.2% of period-end equity, showing the deficit relative to book capital. The net loss equaled 5.6% of period-end assets, showing the deficit relative to the asset base. The net loss widened to $47.65M from $40.84M in fiscal 2024.

Liquidity and Capital Structure

Total assets were $847.23M, supported by $485.18M of liabilities and $362.05M of shareholder equity. At period end, current assets of $187.22M compared with current liabilities of $89.55M, defining the company’s short-term resource position. Current assets covered current liabilities by 2.09x, leaving a positive buffer for near-term obligations. The company held $63.46M in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 70.9% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Book equity represented 42.7% of total assets, quantifying the balance-sheet share supported by shareholder capital. The liabilities-to-assets relationship was 57.3%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 7.5%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 93.8% higher than fiscal 2024 assets of $437.28M, measuring the company’s own balance-sheet change. Against $357.03M of equity in fiscal 2024, the current book-equity balance moved 1.4% and ended higher. Cash and equivalents were 32.7% lower than fiscal 2024 cash of $94.36M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $42.91M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The cash-flow statement records $1.54M of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 3.6% of operating cash flow, leaving the remainder available as free cash flow. The combination of operating cash flow and capital spending produced $41.36M of positive free cash flow for the period. The free-cash-flow margin was 9.3%, measuring cash remaining after capital spending against revenue. The free-cash-flow-to-assets relationship was 4.9%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.