Filing Flows › Alkami Technology (ALKT) › Q1 2025
Alkami Technology (ALKT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Alkami Technology (ALKT) reported revenue of $97.8M for the first quarter 2025 (Q1 2025), +29% from a year earlier and +9% from the quarter before. Operating margin was -15.7%, net loss $7.8M (8.0% of revenue).
Alkami Technology, Q1 2025: revenue $97.8M (+28% year over year), operating margin -15.7%, net loss $7.8M, operating cash flow −$5.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $97.8M | +9% | +29% |
| Operating profit | −$15.4M | — | — |
| Net earnings | −$7.8M | — | — |
| Operating cash flow | −$5.7M | -193% | — |
What changed
Revenue was $97.8M in Q1 2025, up 29% year over year and up 9% from the previous quarter. SaaS subscription services was the largest line at 95% of revenue. SaaS subscription services added $19.8M year over year (up 27%), 91% of the total change.
Gross margin was 59.0%, up 1.2 points from a year earlier. Operating costs exceeded revenue by $15.4M, an operating margin of -15.7%. Operating expenses grew 30% against revenue growth of 29%. The fastest-growing cost line was Other operating costs (+998%). The quarter ended with a net loss of $7.8M, wider than the previous quarter's $7.6M loss.
Operating cash flow was −$5.7M. Non-cash charges added back $3.4M of depreciation and amortization and $16.1M of share-based compensation. Working capital and other items used $17.4M. Capital expenditures of $485K exceeded it, leaving free cash flow of −$6.1M.
Questions
What was Alkami Technology's revenue in the first quarter 2025?
Alkami Technology (ALKT) reported revenue of $97.8M for the first quarter 2025 (Q1 2025), +29% from a year earlier and +9% from the quarter before.
Was Alkami Technology profitable in the first quarter 2025?
Operating loss was $15.4M (-15.7% of revenue) and net loss $7.8M.
Source: Alkami Technology 10-Q on SEC EDGAR.