Alkami Q2 Revenue Beats, Adjusted EBITDA Surges 63% on 37 New Client Wins
ALKT sits 23% above its 52-week low of $13.98.
Summary
Alkami Technology posted Q2 2026 revenue of $129.8M, exceeding expectations, while Adjusted EBITDA soared 63% YoY to $19.4M. The company raised full-year guidance and highlighted 37 new client wins, underscoring robust demand for its digital banking platform.
Key Events · Earnings and Guidance · ALKT
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Q2 Revenue Beat, EBITDA Surge
GAAP revenue of $129.8M grew 15.9% YoY, while Adjusted EBITDA jumped 63% to $19.4M, reflecting strong operating leverage.
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ARR Tops $511M, User Growth Accelerates
Annual recurring revenue reached $511.7M, up 21% YoY, with registered users growing 13% to 23.6M. Revenue per user rose 7% to $21.69.
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Full-Year Guidance Raised
Management lifted FY2026 revenue guidance to $528M-$531M and Adjusted EBITDA to $96M-$98M, implying continued margin expansion.
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37 New Client Wins, Strong Pipeline
Added 37 new digital banking logos over the last 12 months, including 15 banks, with a robust pipeline heading into the second half of 2026.
Analysis · ALKT · Technology
A slight revenue beat and a 63% surge in Adjusted EBITDA underscore Alkami's momentum, fueled by 37 new digital banking logos over the past year. The company raised its full-year outlook, signaling confidence in sustained demand for its platform. With $511.7M in ARR and a $1.7B remaining performance obligation, the subscription model offers strong forward visibility. These results land against a backdrop of heavy insider buying by General Atlantic and renewed activist interest from JANA Partners, reinforcing the bullish thesis.
At the time of this filing, ALKT was trading at $17.24 on NASDAQ in the Technology sector, with a market capitalization of approximately $2B. The 52-week trading range was $13.98 to $28.53. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.