Key Highlights

● Second-quarter Revenue was $129.8 million, up 15.9% on a year earlier.

● Adjusted EBITDA rose to $19.4 million from $11.9 million, a 14.9% margin.

● Annual Recurring Revenue reached $511.7 million, up 21%, with 23.6 million registered users.

● 2026 guidance is revenue of $528.0 million to $531.0 million.

The latest verified development

Alkami Technology (NASDAQ:ALKT), a provider of digital banking software to banks and Credit unions, last reported results on 29 July 2026, when it filed a Form 8-K covering the quarter ended 30 June and an accompanying investor presentation. The filing was signed by chief financial officer Cassandra Hudson, and its exhibits were furnished rather than filed, which is usual for results releases.

Second-quarter results

Revenue was $129.8 million, up 15.9% on a year earlier. The GAAP net loss narrowed to $8.9 million, or $0.08 per share, from $13.6 million a year earlier. Adjusted EBITDA rose to $19.4 million from $11.9 million, a Margin of 14.9%.

Gross margin moved the other way. GAAP gross margin was 56.8%, against 58.6% a year earlier, and non-GAAP gross margin was 63.0%, against 65.1%. The release did not report a non-GAAP earnings-per-share figure; the nearest comparable measure it gave was non-GAAP income before income taxes of $17.5 million.

Platform scale and balance sheet

Alkami said it had 23.6 million registered digital banking users at the end of the quarter, up 2.7 million over twelve months. Annual recurring revenue was $511.7 million, up 21%. Those figures indicate that the installed base is expanding faster than reported revenue, although recurring revenue and total revenue are different measures and should not be compared directly.

At 30 June the company held $45.5 million in cash and cash equivalents plus $35.4 million in marketable securities.

Guidance

Management guided to third-quarter revenue of $132.7 million to $134.2 million and adjusted EBITDA of $23.5 million to $24.3 million. For 2026 it guided to revenue of $528.0 million to $531.0 million and adjusted EBITDA of $96.0 million to $98.0 million. Those ranges are the company's outlook for the periods ahead.

Arithmetic on the midpoints implies third-quarter revenue about 2.8% above the second quarter and an adjusted EBITDA margin of roughly 17.9%, compared with 14.9% reported. The full-year midpoints imply a margin of about 18.3%. These ratios are calculations from guidance, not company statements, and they depend on management delivering the ranges it set.

Gross margin and cash conversion at Alkami

Chief executive Alex Shootman said the quarter showed revenue growth and adjusted EBITDA ahead of expectations. The third-quarter revenue range of $132.7 million to $134.2 million is the first figure the next report will be set against, alongside the year-on-year decline in gross margin.