Quarterly ResultApr 30, 2026, 08:18 AM
ALKT Q1 Revenue +28.9% to $126.1M; Operating Loss Reduced by 62.9%
AI Summary
ALKAMI TECHNOLOGY, INC. reported a 28.9% increase in Q1 2026 revenues, reaching $126.1 million, compared to $97.8 million in Q1 2025. The company significantly reduced its loss from operations by 62.9% to $5.7 million. Despite this operational improvement, net loss increased to $9.96 million from $7.82 million in the prior year, primarily due to a shift from an income tax benefit to a provision and higher interest expense. The company also fully repaid its $15 million revolving loan during the quarter.
Key Highlights
- Q1 2026 revenue increased 28.9% to $126.1 million from $97.8 million in Q1 2025.
- Loss from operations significantly reduced by 62.9% to $5.7 million in Q1 2026.
- Net loss increased to $9.96 million ($0.09/share) from $7.82 million ($0.08/share) YoY.
- Repaid the remaining $15 million outstanding on the Revolving Facility.
- MANTL acquisition contributed $14.9 million in revenue for Q1 2026.
- SaaS subscription services revenue grew to $120.8 million from $92.8 million YoY.
- Cash and cash equivalents ended Q1 2026 at $40.4 million.