Alkami Technology, Inc.
Rank #218HypergrowthALKT · Nasdaq · Technology
Alkami Technology, Inc. (ALKT) — Rank #218 by gross profitability (GP/assets 0.31) · ROE -13.1% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0001529274 · all metrics point-in-time as of the filing date.
About
Alkami Technology, Inc. provides a cloud-based digital sales and service platform for financial institutions in the United States.
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The company offers the Alkami digital sales & service platform, which includes the Alkami digital banking platform, onboarding & account opening, and data & marketing modules. Its solutions enable financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of proprietary, cloud-based, and multi-tenant architecture. It serves community, regional, super-regional credit unions, and banks.
The company was founded in 2009 and is based in Plano, Texas.
- Industry
- Software - Application
- Sector
- Technology
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- alkami.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$2.14B
P/E (annual)
—
P/S (annual)
4.8
P/B
5.9
P/OCF (annual)
50.0
Shareholder Yield
-2060.2%
Employees
1,225
Industry
Software - Application
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds2 of 5 thresholds not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
20.3%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 2060.2% — per-share value needs a total required return of 2080.5% once share-count change is priced in.
vs. own 6-year median revenue growth: 35.7%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
15.3%
r = 10% (base)
20.3%
r = 12%
24.7%
Net debt / market cap: -2.2%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / S
Price / revenue per share
P / GP
Price / gross profit per share
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
Disclosure regression check
A previously-disclosed line item is no longer reported. Worth checking the filing for why.
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.31
Primary signal (Novy-Marx).
38th pctl of 38 SIC 7372 peers
Return on equity
-13.1%
Gross margin
57.8%
24th pctl of 38 SIC 7372 peers
Revenue growth (YoY)
295.6%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
29.5%
Revenue CAGR (5Y)
31.7%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.29
9th pctl of 33 SIC 7372 peers (best = lowest)
Current ratio
2.13×
57th pctl of 38 SIC 7372 peers
Quick ratio
1.23×
Net cash
$45.51M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$41.36M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
1.87
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
17.2%
Stock-based comp intensity.
Piotroski F-Score
F-Score
N/A
Only 8/9 components determinable.