Alkami Technology (ALKT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Alkami Technology

NasdaqGS•Technology•Software - Application

$18.94-0.31(-0.02%)Pre-market

Market Cap

$2.00B

P/S

4.1x

P/B

5.5x

Alkami Technology, Inc. provides a cloud-based digital sales and service platform for financial institutions in the United States. The company offers the Alkami digital sales & service platform, which includes the Alkami digital banking platform, onboarding & account opening, and data & marketing modules. Its solutions enable financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of proprietary, cloud-based, and multi-tenant architecture. It serves community, regional, super-regional credit unions, and banks. The company was founded in 2009 and is based in Plano, Texas.

How this company scores

AverageMetricSide Score: 51/100

Strongest: Growth (16/25); weakest: Profitability (6/25).

Profitability6/25

Growth16/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality15/25

Strengths

Growing revenueRising free cash flowConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 4.1x5y range 3.5x – 11.0x

Currently below its 19-quarter median.

P/B · 5.5x5y range 3.4x – 10.3x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -0.8x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $2.00B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $489.73M
Q. Revenue: $129.84M
TTM EBITDA: $-3.65M
TTM Op. Income: $-35.79M
Q. Op. Income: $-7.71M
TTM Net Income: $-45.11M
Q. Net Income: $-8.90M
EPS: $-0.08
Shares Out.: $106.86M

$489.73M in TTM revenue grew 27.1% YoY, reaching $129.84M last quarter. TTM EBITDA of $-3.65M and TTM operating income of $-35.79M show growth is flowing through to the bottom line. However, net income is negative at $45.11M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 56.8%
EBITDA Margin: 0.5%
Op. Margin: -5.9%
Net Margin: -6.9%

Op. margin of -5.9% is up 8.2% YoY — cost efficiency is improving. Net margin at -6.9% and gross margin of 56.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 58% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 4.1x
P/B Ratio: 5.5x

P/S of 4.1x and P/B of 5.5x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $831.08M
Cash: $45.51M
Long-Term Debt: $337.20M
Book Value: $362.68M
D/E Ratio: 0.9
Debt/EBITDA: 575.4

With $831.08M in assets and $337.20M in long-term debt, D/E is 0.9and book value is $362.68M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 5% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $22.02M
TTM Free Cash Flow: $63.20M
FCF Margin: 12.9%
FCF / Net Income: -1.4

TTM FCF of $63.20M on $22.02M in operating cash flow. The FCF / Net Income ratio of -1.4x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 5 consecutive quarters — an improving trend.