| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 129.84 | 2.9% | 15.9% |
| Total Income | 129.84 | 2.9% | 15.9% |
| Expenditure | 137.55 | 4.3% | 7.5% |
| PBT | -9.11 | 26.4% | 49.1% |
| Net Profit | -8.90 | 10.6% | 34.5% |
| OPM | -5.93% | 1.41pp | 8.22pp |
| NPM | -6.85% | 1.04pp | 5.27pp |
| EPS | -0.08 | 11.1% | 38.5% |
Alkami Technology Announces Second Quarter 2026 Financial Results
30 Jul 2026 · 30 Jul, 1:43 am
Summary
Alkami Technology announced its second quarter 2026 financial results, reporting GAAP total revenue of $129.8 million, a 15.9% increase year-over-year. The company's Adjusted EBITDA grew to $19.4 million, up from $11.9 million in the prior year, with an adjusted EBITDA margin of 14.9% exceeding expectations. While GAAP gross margin slightly decreased to 56.8% from 58.6%, non-GAAP gross margin stood at 63.0%. The GAAP net loss narrowed to $(8.9) million from $(13.6) million in Q2 2025. Management highlighted continued client and product expansion, robust demand for digital solutions, and a strong pipeline for the second half of 2026.
Key Highlights
- 1
Alkami Technology reported GAAP total revenue of $129.8 million for the second quarter of 2026, an increase of 15.9% compared to the year-ago quarter.
- 2
The company achieved an Adjusted EBITDA of $19.4 million for Q2 2026, a significant increase from $11.9 million in the prior year's second quarter.
- 3
GAAP gross margin for Q2 2026 was 56.8%, compared to 58.6% in the year-ago quarter, while non-GAAP gross margin was 63.0% compared to 65.1%.
- 4
GAAP net loss improved to $(8.9) million in Q2 2026, from a net loss of $(13.6) million in the second quarter of 2025.
- 5
Annual Recurring Revenue (ARR) reached $511.7 million by the end of Q2 2026, representing a 21% increase compared to the year-ago quarter.
- 6
Revenue per registered user (RPU) was $21.69 in Q2 2026, up 7.0% compared to the year-ago quarter.
- 7
Alkami ended the second quarter with 23.6 million digital banking users, an increase of 2.7 million over the last 12 months.
Management Comments
Alex Shootman
Our second quarter results reflected continued client and product expansion, with revenue growth and Adjusted EBITDA ahead of expectations. Demand for modern digital solutions remains robust, with 37 new digital banking logos over the last 12 months, including 15 banks, and a strong pipeline in the second half of 2026. In the second quarter, we brought live another five clients on our Digital Sales and Service Platform, enabling these clients to deepen relationships, deliver modern experiences and drive growth by connecting financial services ecosystems.
Cassandra Hudson
In the last 12 months, we added 2.7 million registered users to our digital banking platform, ending the quarter with 23.6 million digital banking users. We exited the second quarter with annual recurring revenue of $511.7 million, up 21% compared to the year-ago quarter and revenue per registered user of $21.69, up 7.0% compared to the year-ago quarter. Our second quarter adjusted EBITDA margin of 14.9% was above expectations, and reflected nearly 430 basis points of expansion compared to the year-ago quarter.
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