Alkami Technology (ALKT)
Unifies digital banking, account opening, data marketing, and fraud controls for U.S. financial institutions.
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Sells a cloud-based digital sales and service platform to U.S. banks and credit unions, spanning digital banking, account opening, data-driven marketing, and fraud controls. Most revenue comes from long-term SaaS subscriptions priced through monthly minimums and usage, while delivery depends on complex integrations with core and third-party systems.
Provides U.S. banks and credit unions with the cloud-based Alkami Digital Sales & Service Platform. The Alkami Digital Banking Platform handles retail and business account servicing; MANTL supports omnichannel deposit and loan account opening; Segmint supplies transaction-data analytics and targeted marketing; and ACH Alert adds payment-fraud controls.
Long-term SaaS contracts generate most revenue through monthly minimums, registered-user fees, and selected transaction charges. A multi-tenant, single-code-base architecture supports shared updates, integrations, and product expansion, while implementation and support services connect the software to client systems.
Serves community, regional, and super-regional financial institutions across the United States. Delivery depends on subscription renewals, growth in registered users, successful implementations, and reliable connections to core banking systems, third-party fintech services, and AWS infrastructure.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 24, 2026 | Needham | Reiterate | Rating: —Target: $22 | Target: $25 |
| Feb 26, 2026 | Needham | Reiterate | Rating: —Target: $32 | Target: $22 |
| Oct 31, 2025 | Needham | Reiterate | Rating: —Target: $54 | Target: $32 |
| Oct 31, 2025 | Goldman Sachs | Target | Target: — | Target: $26 |
| Mar 13, 2025 | Stephens & Co. | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $81.0M · Total debt $358.2M · Total assets $831.1M · Shareholders' equity $362.7M
- Revenue
- $129.8M
- Operating income
- −$7.7M
- Net income
- −$8.9M
No dividends on record.
| Institutions | 92.23% | 98.63M shares | |
|---|---|---|---|
| 214 holders · as of Jun 30, 2026 | |||
| Insiders | 29.88% | 31.96M shares | |
| 18 holders · as of Sep 3, 2026 | |||
| Adds to | 122.11% | ||
106.94M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 122.11%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
General Atlantic, L.P.Institution | 18.12% | 19.38M | as of Jun 30, 2026 |
Brian R. SmithInsiderdirector, 10 percent owner | 13.82% | 14.78M | filed Jul 7, 2026 |
Brian R. SmithInsider | 13.80% | 14.76M | filed Feb 6, 2025 |
North Reef Capital Management LPInstitution | 8.63% | 9.23M | as of Jun 30, 2026 |
Jana Partners Management, LPInstitution | 6.31% | 6.75M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 12, 2026 | Atlantic L.p. General | director, 10 percent owner: | +750,000 | $16.87 |
| May 13, 2026 | Atlantic L.p. General | director, 10 percent owner: | +550,000 | $16.63 |
| May 14, 2026 | Atlantic L.p. General | director, 10 percent owner: | +675,000 | $16.49 |
| May 12, 2026 | Atlantic Genpar (bermuda) L.p. General | director, 10 percent owner: | +750,000 | $16.87 |
| May 13, 2026 | Atlantic Genpar (bermuda) L.p. General | director, 10 percent owner: | +550,000 | $16.63 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Alkami Technology | $18.06 | −2.43% | $1.98B | — | 18.9 | 4.0 | +15.9% |
| Q2 | $56.90 | −1.78% | $3.61B | 41.4 | 18.4 | 4.3 | +12.6% |
| Jack Henry & Associates | $150.21 | −0.89% | $10.77B | 21.7 | 20.4 | 4.3 | +4.7% |
| Fiserv | $46.84 | +0.80% | $24.78B | 8.9 | 6.4 | 1.2 | −10.0% |
| FIS | $35.13 | −0.18% | $18.19B | 5.4 | 5.5 | 1.5 | +29.1% |
| nCino | $19.67 | −3.71% | $2.24B | 68.1 | 13.6 | 3.6 | +8.2% |
| Median | 21.7 | 13.6 | 3.6 | +8.2% |