Earnings Overview#
Alkami Technology Inc. released its earnings report for the first quarter of 2026, revealing a mixed performance. The company reported an earnings per share (EPS) of -$0.09, which was significantly below the expected $0.18. This shortfall represents a negative surprise of 150%. On a more positive note, Alkami's revenue reached $126.1 million, exceeding the forecast of $125.24 million, marking a slight positive surprise of 0.69%.
Stock Market Reaction#
Following the earnings announcement, Alkami's stock experienced a decline of 3.01% in after-hours trading, closing at $15.78. However, the stock rebounded by 1.39% in pre-market trading, rising to $16.00. This fluctuation reflects mixed investor sentiment, balancing concerns over the EPS miss with optimism regarding the company's revenue growth.
Company Performance Highlights#
Despite the EPS miss, Alkami demonstrated strong growth in revenue, which increased by 29% year-over-year. This growth was driven by both organic factors and the acquisition of MANTL. The company also reported an adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of $22.3 million, with a margin of 17.7%. Additionally, Alkami's Annual Recurring Revenue (ARR) reached $494 million, up 22% year-over-year.
Future Outlook#
Looking ahead, Alkami provided optimistic guidance, indicating expectations for continued revenue growth in the upcoming quarters. The company aims to address gross margin pressures by the end of 2026, with anticipated improvements driven by operational efficiencies and disciplined cost management. Analysts remain hopeful that Alkami will achieve profitability this year.