Filing Flows › Alkami Technology (ALKT) › Q3 2025
Alkami Technology (ALKT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Alkami Technology (ALKT) reported revenue of $113M for the third quarter 2025 (Q3 2025), +31% from a year earlier and +0.8% from the quarter before. Operating margin was -11.4%, net loss $14.8M (13.1% of revenue).
Alkami Technology, Q3 2025: revenue $113M (+32% year over year), operating margin -11.4%, net loss $14.8M, operating cash flow $30.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $113M | +0.8% | +31% |
| Operating profit | −$12.9M | — | — |
| Net earnings | −$14.8M | — | — |
| Operating cash flow | $30.8M | 27× | +180% |
| Free cash flow | $30.5M | 40× | +186% |
What changed
Revenue was $113.0M in Q3 2025, up 31% year over year and up 1% from the previous quarter. SaaS subscription services was the largest line at 95% of revenue. SaaS subscription services added $25.8M year over year (up 31%), 95% of the total change. Other services declined 22%.
Gross margin was 56.8%, down 2.1 points from a year earlier. Operating costs exceeded revenue by $12.9M, an operating margin of -11.4%. Operating expenses grew 26% against revenue growth of 31%. The fastest-growing cost line was Other operating costs (+375%). The quarter ended with a net loss of $14.8M, wider than the previous quarter's $13.6M loss.
Operating cash flow was $30.8M (up 180% year over year). Non-cash charges added back $7.9M of depreciation and amortization and $20.7M of share-based compensation. Working capital and other items added $17.0M. Capital expenditures of $274K left free cash flow of $30.5M.
Questions
What was Alkami Technology's revenue in the third quarter 2025?
Alkami Technology (ALKT) reported revenue of $113M for the third quarter 2025 (Q3 2025), +31% from a year earlier and +0.8% from the quarter before.
Was Alkami Technology profitable in the third quarter 2025?
Operating loss was $12.9M (-11.4% of revenue) and net loss $14.8M.
Source: Alkami Technology 10-Q on SEC EDGAR.