Alkami Posts 19% Q3 Revenue Growth, $26M Adjusted EBITDA Above Expectations
ALKT sits 21% above its 52-week low of $13.205.
Summary
Alkami reported Q3 2026 revenue up 19% year over year with adjusted EBITDA of $26 million, which the release says came in above expectations. ARR reached $533 million, also up 19%, and adjusted EBITDA margin hit 19.5%, expanding more than 530 basis points from a year ago — real operating leverage on a SaaS model. Registered users totaled 24.4 million and revenue per user rose 5% to $21.88. The quarter builds on Q2's $129.8 million revenue and $19.4 million adjusted EBITDA, showing margin gains accelerating faster than the top line. This is the first hard numbers since the September strategic review concluded with Alkami staying independent, and it lands with JANA Partners holding a 6.3% stake and pressing the board on profitability and capital allocation — the margin expansion is the direct answer to that pressure.
At the time of this announcement, ALKT was trading at $16.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $13.21 to $24.47. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.