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# Alkami Halves Its Quarterly Loss To $6.7 Million As Adjusted EBITDA Climbs To $26.3 Million
- URL: https://www.bullished.co/alkami-halves-its-quarterly-loss-to-6-7-million-as-adjusted-ebitda-climbs-to-26-3-million-e0c9df9a/
- Published: 2026-10-28T21:24:20.000Z
- Updated: 2026-10-28T21:24:20.000Z
- Description: The bank-software provider grew third-quarter revenue 19.4% and set a full-year revenue outlook of $530.5 million to $532.0 million.
- Author: Matteo Parrino
- Tags: Earnings, ALKT, Industry: Technology

[Alkami Technology](https://www.bullished.co/tag/alkt/), which sells cloud-based digital banking software to banks and credit unions, cut its third-quarter net loss to [$6.7 million](https://www.sec.gov/Archives/edgar/data/0001529274/000152927426000060/exhibit991-earningsrelease.htm?ref=bullished.co) from $14.8 million a year earlier, as revenue rose 19.4% to $134.9 million, the company said Wednesday. Adjusted EBITDA, a profit measure that strips out stock pay, amortization and other items, rose to $26.3 million from $16.0 million.

## Profit measures improve, gross margin splits

The adjusted [EBITDA margin was 19.5%](https://www.prnewswire.com/news-releases/alkami-announces-third-quarter-2026-financial-results-302922596.html?ref=bullished.co), which the company said was above expectations and more than 530 basis points wider than a year earlier. Chief Executive Alex Shootman said revenue growth of 19% and adjusted EBITDA of $26 million were both "ahead of expectations."

Gross margin on standard accounting edged up to 57.5% from 56.8%. The adjusted gross margin slipped to 63.1% from 63.7%, which the [investor presentation](https://www.sec.gov/Archives/edgar/data/0001529274/000152927426000060/investorpresentation2026.htm?ref=bullished.co) attributes to higher third-party costs and temporary database costs.

For the first nine months of 2026, free cash flow was $32.4 million, up from $19.9 million a year earlier, the company reported.

## Users and recurring revenue grow

Annual recurring revenue reached [$533 million](https://www.prnewswire.com/news-releases/alkami-announces-third-quarter-2026-financial-results-302922596.html?ref=bullished.co), up 19%. Chief Financial Officer Cassandra Hudson said registered users on the digital banking platform rose by 2.8 million over 12 months to 24.4 million, and revenue per user rose 5% to $21.88.

Alkami said it implemented 10 clients in the quarter. The presentation puts the digital banking client count at 323, against 291 a year earlier. Alkami serves community, regional and super-regional institutions, and its clients mainly pay multi-year subscriptions priced per registered user.

## Fourth-quarter and full-year outlook

For the fourth quarter, Alkami guided to revenue of $139.7 million to $141.2 million and adjusted EBITDA of $30.0 million to $31.0 million. For all of 2026 it expects revenue of $530.5 million to $532.0 million and adjusted EBITDA of $98.0 million to $99.0 million.

Management was set to discuss the results on a call at 5:00 p.m. ET Wednesday.

Full-year adjusted EBITDA guidance of $98.0 million to $99.0 million compares with $68.0 million already booked in the first nine months.

Learn

- [Item 2.02: results of operations →](https://www.bullished.co/learn/8-k-items-explained/#item-202-results-of-operations)  
From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples

### Sources

- [8-K Filing — ALKAMI TECHNOLOGY, INC. (ALKT)](https://www.sec.gov/Archives/edgar/data/0001529274/000152927426000060/alk-20261028.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit exhibit991-earningsrelease.htm — ALKAMI TECHNOLOGY, INC. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001529274/000152927426000060/exhibit991-earningsrelease.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit investorpresentation2026.htm — ALKAMI TECHNOLOGY, INC. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001529274/000152927426000060/investorpresentation2026.htm?ref=bullished.co) — SEC EDGAR
- [Alkami: Q3 Earnings Snapshot](https://finance.yahoo.com/markets/stocks/articles/alkami-q3-earnings-snapshot-203447094.html?ref=bullished.co) — Associated Press
- [Alkami: Q3 Earnings Snapshot | 9news.com](https://www.9news.com/article/syndication/associatedpress/alkami-q3-earnings-snapshot/616-84d8955e-ec6a-459f-8758-bb2e39d27400?ref=bullished.co) — Associated Press
- [Alkami Announces Third Quarter 2026 Financial Results](https://www.prnewswire.com/news-releases/alkami-announces-third-quarter-2026-financial-results-302922596.html?ref=bullished.co) — prnewswire.com

### More on Alkami Technology

- [Alkami's Chief Accounting Officer Quits; CFO To Cover The Job From November 3](https://www.bullished.co/alkamis-chief-accounting-officer-quits-cfo-to-cover-the-job-from-november-3-6183e9b3/)

[All Alkami Technology (ALKT) coverage →](https://www.bullished.co/tag/alkt/)