ALKAMI TECHNOLOGY, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $443.6M | $333.8M | $264.8M | $204.3M | $152.2M |
| Cost of revenue | $187.0M | $137.2M | $120.7M | $95.9M | $68.4M |
| Gross profit | $256.6M | $196.6M | $144.1M | $108.3M | $83.8M |
| Research and development | $118.4M | $96.2M | $84.7M | $69.3M | $48.8M |
| Operating expenses | $310.2M | $241.3M | $207.8M | $166.0M | $126.7M |
| Operating income | -$53.6M | -$44.6M | -$63.7M | -$57.7M | -$42.9M |
| Interest expense | $9.5M | $461,000 | $7.4M | $3.9M | $1.2M |
| Pretax income | -$59.0M | -$40.5M | -$62.9M | -$59.1M | -$46.6M |
| Income tax expense | -$11.3M | $308,000 | $44,000 | -$461,000 | $172,000 |
| Net income | -$47.7M | -$40.8M | -$62.9M | -$58.6M | -$46.8M |
| Balance Sheet | |||||
| Cash and equivalents | $63.5M | $94.4M | $40.9M | $108.7M | $308.6M |
| Current assets | $187.2M | $181.4M | $148.6M | $242.2M | $345.2M |
| Total assets | $847.2M | $437.3M | $399.8M | $488.9M | $436.5M |
| Current liabilities | $89.5M | $45.6M | $39.4M | $41.6M | $33.2M |
| Total liabilities | $485.2M | $80.2M | $74.9M | $154.8M | $91.9M |
| Total debt | — | — | $0 | $85.0M | $24.7M |
| Stockholders' equity | $362.0M | $357.0M | $324.9M | $334.0M | $344.6M |
| Cash Flow Statement | |||||
| Cash from operations | $42.9M | $18.6M | -$17.5M | -$38.0M | -$29.0M |
| Depreciation and amortization | $26.9M | $10.5M | $10.6M | $8.1M | $3.4M |
| Stock-based compensation | $76.2M | $59.4M | $51.2M | $44.6M | $14.5M |
| Capital expenditure | $1.5M | $1.2M | $1.1M | $1.1M | $1.1M |
| Free cash flow | $41.4M | $17.4M | -$18.6M | -$39.1M | -$30.1M |
| Dividends paid | — | — | $0 | $0 | $5.0M |
| Share repurchases | — | — | $0 | $0 | $3.5M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 107.0M · Free float 34.4%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.