Filing Flows › Alkami Technology (ALKT) › Q4 2024
Alkami Technology (ALKT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 28, 2025
Alkami Technology (ALKT) reported revenue of $89.7M for the fourth quarter 2024 (Q4 2024), +26% from a year earlier and +4% from the quarter before. Operating margin was -9.6%, net loss $7.6M (8.5% of revenue).
Alkami Technology, Q4 2024: revenue $89.7M (+26% year over year), operating margin -9.6%, net loss $7.6M, operating cash flow $6.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $89.7M | +4% | +26% |
| Operating profit | −$8.6M | — | — |
| Net earnings | −$7.6M | — | — |
| Operating cash flow | $6.1M | -44% | — |
| Free cash flow | $6.0M | -44% | — |
What changed
Revenue was $89.7M in Q4 2024, up 26% year over year and up 4% from the previous quarter. SaaS subscription services was the largest line at 96% of revenue.
Gross margin was 59.3%, up 3.4 points from a year earlier. Operating costs exceeded revenue by $8.6M, an operating margin of -9.6%. Operating expenses grew 17% against revenue growth of 26%. The fastest-growing cost line was Sales & marketing (+23%). The quarter ended with a net loss of $7.6M, narrower than the previous quarter's $9.4M loss.
Operating cash flow was $6.1M. Non-cash charges added back $2.7M of depreciation and amortization and $15.6M of share-based compensation. Working capital and other items used $4.5M. Capital expenditures of $159K left free cash flow of $6.0M.
Questions
What was Alkami Technology's revenue in the fourth quarter 2024?
Alkami Technology (ALKT) reported revenue of $89.7M for the fourth quarter 2024 (Q4 2024), +26% from a year earlier and +4% from the quarter before.
Was Alkami Technology profitable in the fourth quarter 2024?
Operating loss was $8.6M (-9.6% of revenue) and net loss $7.6M.
Source: Alkami Technology 10-K on SEC EDGAR.