Filing Flows › Alkami Technology (ALKT) › Q4 2025
Alkami Technology (ALKT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Alkami Technology (ALKT) reported revenue of $121M for the fourth quarter 2025 (Q4 2025), +35% from a year earlier and +7% from the quarter before. Operating margin was -7.9%, net loss $11.4M (9.5% of revenue).
Alkami Technology, Q4 2025: revenue $121M (+35% year over year), operating margin -7.9%, net loss $11.4M, operating cash flow $16.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $121M | +7% | +35% |
| Operating profit | −$9.5M | — | — |
| Net earnings | −$11.4M | — | — |
| Operating cash flow | $16.6M | -46% | +172% |
| Free cash flow | $16.2M | -47% | +173% |
What changed
Revenue was $120.8M in Q4 2025, up 35% year over year and up 7% from the previous quarter. SaaS subscription services was the largest line at 95% of revenue.
Gross margin was 57.2%, down 2.2 points from Q4 2024. Operating costs exceeded revenue by $9.5M, an operating margin of -7.9%. Operating expenses grew 27% against revenue growth of 35%. The fastest-growing cost line was Other operating costs (+466%). The quarter ended with a net loss of $11.4M, narrower than the previous quarter's $14.8M loss.
Operating cash flow was $16.6M (up 172% year over year). Non-cash charges added back $7.9M of depreciation and amortization and $19.9M of share-based compensation. Capital expenditures of $386K left free cash flow of $16.2M.
Questions
What was Alkami Technology's revenue in the fourth quarter 2025?
Alkami Technology (ALKT) reported revenue of $121M for the fourth quarter 2025 (Q4 2025), +35% from a year earlier and +7% from the quarter before.
Was Alkami Technology profitable in the fourth quarter 2025?
Operating loss was $9.5M (-7.9% of revenue) and net loss $11.4M.
Source: Alkami Technology 10-K on SEC EDGAR.