Filing Flows › Alkami Technology (ALKT) › Q2 2025
Alkami Technology (ALKT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Alkami Technology (ALKT) reported revenue of $112M for the second quarter 2025 (Q2 2025), +36% from a year earlier and +15% from the quarter before. Operating margin was -14.2%, net loss $13.6M (12.1% of revenue).
Alkami Technology, Q2 2025: revenue $112M (+36% year over year), operating margin -14.2%, net loss $13.6M, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $112M | +15% | +36% |
| Operating profit | −$15.9M | — | — |
| Net earnings | −$13.6M | — | — |
| Operating cash flow | $1.2M | — | +111% |
| Free cash flow | $760K | — | +518% |
What changed
Revenue was $112.1M in Q2 2025, up 36% year over year and up 15% from the previous quarter. SaaS subscription services was the largest line at 94% of revenue. SaaS subscription services added $27.5M year over year (up 35%), 92% of the total change.
Gross margin was 58.6%, down 0.8 points from a year earlier. Operating costs exceeded revenue by $15.9M, an operating margin of -14.2%. Operating expenses grew 31% against revenue growth of 36%. The fastest-growing cost line was Other operating costs (+246%). The quarter ended with a net loss of $13.6M, wider than the previous quarter's $7.8M loss.
Operating cash flow was $1.2M (up 111% year over year). Non-cash charges added back $7.8M of depreciation and amortization and $19.5M of share-based compensation. Working capital and other items used $12.5M. Capital expenditures of $397K left free cash flow of $760K.
Questions
What was Alkami Technology's revenue in the second quarter 2025?
Alkami Technology (ALKT) reported revenue of $112M for the second quarter 2025 (Q2 2025), +36% from a year earlier and +15% from the quarter before.
Was Alkami Technology profitable in the second quarter 2025?
Operating loss was $15.9M (-14.2% of revenue) and net loss $13.6M.
Source: Alkami Technology 10-Q on SEC EDGAR.