ALKT on Nasdaq

Alkami Technology

Logo: alkami.com4

Alkami Technology is an American digital banking software company based in Plano, founded in 2009.1 It was founded by Sean McElroy.1 Its shares trade on Nasdaq under the symbol ALKT.1

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Last updated Oct 21, 2026.

Overview

2009Founded1

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  • TickerALKT on Nasdaq1
  • Industryfinancial services1
  • HeadquartersPlano1
  • Websitewww.alkami.com
  • Legal formC corporation1
  • Incorporated inDE5
  • Business address5601 Granite Parkway, Suite 120, Plano, Tx 750245
  • Filer categoryLarge accelerated filer5
  • LEI254900FCNYU4HNEV9L473
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States3
  • Registered withDivision of Corporations, Department of State, 50265993
Alkami Technology image from its website
Image: alkami.com4

Alkami is a cloud-based digital sales and service platform provider. We inspire and empower community, regional and super-regional financial institutions (“FIs”) to compete with large, technologically advanced and well-resourced banks in the United States. Our solution, the Alkami Digital Sales & Service Platform, consisting of the Alkami Digital Banking Platform (“Platform”), Onboarding & Account Opening, and Data & Marketing, allows FIs to onboard, engage and grow new users, accelerate revenues and meaningfully improve operational efficiency, all with the support of a proprietary, true cloud-based, multi-tenant architecture. We cultivate deep relationships with our clients through long-term, subscription-based contractual arrangements, aligning our growth with our clients’ success and generating an attractive unit economic model.7 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

57.8%Gross margin8
-12.1%Operating margin8
-10.7%Net margin8
32.9%Revenue growth, 20258
-13.2%Return on equity8
$41.4MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

SaaS Subscription Services brought in 95% of the revenue Alkami Technology broke down this way in fiscal 2025.

  1. SaaS Subscription Services$421.7M895%up 32% from 2024
  2. Implementation Services$12.6M83%up 66% from 2024
  3. Service, Other$9.4M82%up 34% from 2024
Products and services by year
Products and services202320242025
SaaS Subscription Services$252.3M$319.2M$421.7M
Implementation Services$8.5M$7.6M$12.6M
Service, Other$4.0M$7.0M$9.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue42¢$187.0M
  • Research and development27¢$118.4M
  • Other costs29¢$126.9M
  • Income tax3¢$11.3M

Out of $443.6M in revenue.8 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending4¢$1.5M
  • Kept or used elsewhere96¢$41.4M

Out of $42.9M of cash from operations.8

Financial statements

Revenue91011128$443.6M in 2025+503% since 2019
0$200.0M$400.0M$600.0M2019: $73.5M$73.5M20192020: $112.1M$112.1M2020+52%2021: $152.2M$152.2M2021+36%2022: $204.3M$204.3M2022+34%2023: $264.8M$264.8M2023+30%2024: $333.8M$333.8M2024+26%2025: $443.6M$443.6M2025+33%
Gross profit91011128$256.6M in 2025+743% since 2019
0$100.0M$200.0M$300.0M2019: $30.4M$30.4M20192020: $59.2M$59.2M2020+94%2021: $83.8M$83.8M2021+42%2022: $108.3M$108.3M2022+29%2023: $144.1M$144.1M2023+33%2024: $196.6M$196.6M2024+36%2025: $256.6M$256.6M2025+30%
Operating income91011128-$53.6M in 2025+26% since 2019
-$80.0M-$60.0M-$40.0M-$20.0M02019: -$42.5M-$42.5M20192020: -$35.1M-$35.1M2020−17%2021: -$42.9M-$42.9M2021+22%2022: -$57.7M-$57.7M2022+34%2023: -$63.7M-$63.7M2023+10%2024: -$44.6M-$44.6M2024−30%2025: -$53.6M-$53.6M2025+20%
Net income91011128-$47.7M in 2025+14% since 2019
-$80.0M-$60.0M-$40.0M-$20.0M02019: -$41.9M-$41.9M20192020: -$51.4M-$51.4M2020+23%2021: -$46.8M-$46.8M2021−9%2022: -$58.6M-$58.6M2022+25%2023: -$62.9M-$62.9M2023+7%2024: -$40.8M-$40.8M2024−35%2025: -$47.7M-$47.7M2025+17%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Revenues$443.6M$333.8M$264.8M
Gross profit$256.6M$196.6M$144.1M
Research and development$118.4M$96.2M$84.7M
Sales and marketing$80.1M$59.8M$48.6M
General and administrative$100.9M$83.7M$72.9M
Acquisition-related expenses$3.5M$195.0K$263.0K
Amortization of acquired intangibles$5.7M$1.4M$1.4M
Loss on impairment of intangible assets$1.7M$0$0
Total operating expenses$310.2M$241.3M$207.8M
Loss from operations-$53.6M-$44.6M-$63.7M
Interest income$4.2M$4.6M$8.1M
Interest expense-$9.5M-$461.0K-$7.4M
Gain on financial instruments$0$0$534.0K
Loss on extinguishment of debt$0$0-$409.0K
Loss before income taxes-$59.0M-$40.5M-$62.9M
(Benefit from) provision for income taxes-$11.3M$308.0K$44.0K
Net loss-$47.7M-$40.8M-$62.9M
Basic (in dollars per share)-$0.46-$0.41-$0.67
Diluted (in dollars per share)-$0.46-$0.41-$0.67
Basic (in shares)103.9M shares98.9M shares94.1M shares
Diluted (in shares)103.9M shares98.9M shares94.1M shares
Cost of revenues$22.3M$6.8M$6.8M
Cost of revenues$187.0M$137.2M$120.7M

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Corporate structure

Alkami Technology sits at the top of its group. 6 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Alkami Technology

  • Alkami Technology Plano, Texas, United States
    • Alkami ACH Alert, LLC Subsidiary · Delaware, United States
    • Alkami MK, LLC Subsidiary · Delaware, United States
    • Alkami Technology India Private Limited, Inc. Subsidiary · India
    • Fin Technologies, Inc. d/b/a MANTL Subsidiary · Delaware, United States
    • Segmint, Inc. Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Alkami Technology reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$41.3M8 Dec 31, 2025$32.9M8 Dec 31, 2024+25.6%
Accumulated depreciation$14.7M8 Dec 31, 2025$10.8M8 Dec 31, 2024+35.6%
Property and equipment, net$26.7M8 Dec 31, 2025$22.1M8 Dec 31, 2024+20.7%
Operating-lease assets (leased space)$13.5M8 Dec 31, 2025$14.6M8 Dec 31, 2024−7.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$63.5M8 Dec 31, 2025$94.4M8 Dec 31, 2024−32.7%
Debt securities available for sale$35.6M8 Dec 31, 2025$21.4M8 Dec 31, 2024+66.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$403.4M8 Dec 31, 2025$148.1M8 Dec 31, 2024+172.5%
Intangible assets, net (excluding goodwill)$158.9M8 Dec 31, 2025$29.0M8 Dec 31, 2024+447.7%
Indefinite-lived intangibles (excluding goodwill)$25.0K8 Dec 31, 2025$25.0K8 Dec 31, 20240%
Finite-lived intangibles, gross$198.4M8 Dec 31, 2025$48.9M8 Dec 31, 2024+305.7%
Accumulated amortization$39.5M8 Dec 31, 2025$19.9M8 Dec 31, 2024+98.4%
Finite-lived intangibles, net$158.9M8 Dec 31, 2025$29.0M8 Dec 31, 2024+448.1%

Properties, in its own words

Our principal executive offices are located in Plano, Texas. The leased space in Plano, Texas has approximately 83,939 square feet with a remaining term until August 31, 2033. We believe our current facilities will be adequate for our needs for the current term.

Item 2 of the 10-K filed Feb 26, 2026.7

The story

Founded by Sean McElroy in 2009.1

Leadership

Who has led Alkami Technology, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (22)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Alkami ACH Alert, LLC Delaware6
  • Alkami MK, LLC Delaware6
  • Alkami Technology India Private Limited, Inc. India6
  • Fin Technologies, Inc. d/b/a MANTL Delaware6
  • Segmint, Inc. Delaware6

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • ALKAMI TECHNOLOGY, INC,Sep 6, 2011 to Aug 14, 20205

Timeline

  1. Oct 7, 20268-K Executive or director change39
  2. Jul 29, 20268-K Results of operations; Regulation FD disclosure40
  3. May 20, 20268-K Shareholder vote41
  4. May 6, 20268-K Entered a material agreement42
  5. Apr 29, 20268-K Results of operations; Regulation FD disclosure; Other events43
  6. Apr 1, 20268-K Executive or director change44
  7. Feb 25, 20268-K Results of operations; Regulation FD disclosure45
  8. Oct 30, 20258-K Results of operations; Executive or director change; Regulation FD disclosure46
  9. Jul 30, 20258-K Results of operations; Regulation FD disclosure47
  10. Jun 30, 20258-K Executive or director change48
  11. May 15, 20258-K Shareholder vote49
  12. Apr 30, 20258-K Results of operations; Executive or director change; Regulation FD disclosure50
  13. Nov 15, 2021New chief executive Alex Shootman becomes CEO18
  14. Apr 14, 2021Went public Listed on NASDAQ1
  15. Apr 13, 2021New chief executive Michael D. Hansen becomes CEO17
  16. 2009Founded Founded1

Calendar

Coming up

  1. Oct 28, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported ($0.07) a share, on Oct 30, 2025.51

When it reported results

  1. Jul 29, 2026Reported quarterly or annual results40
  2. Apr 29, 2026Reported quarterly or annual results43
  3. Feb 25, 2026Reported quarterly or annual results45
  4. Oct 30, 2025Reported quarterly or annual results46
  5. Jul 30, 2025Reported quarterly or annual results47
  6. Apr 30, 2025Reported quarterly or annual results50
  7. Feb 27, 2025Reported quarterly or annual results52
  8. Oct 30, 2024Reported quarterly or annual results53

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

523 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 48 major events, 351 insider forms, 29 large holders, 75 other. The latest 20:

  1. Oct 7, 20264 EDGAR
  2. Oct 7, 20264 EDGAR
  3. Oct 7, 20268-K EDGAR
  4. Oct 7, 20264 EDGAR
  5. Oct 7, 20264 EDGAR
  6. Oct 7, 20264 EDGAR
  7. Sep 9, 20264 EDGAR
  8. Sep 3, 20264 EDGAR
  9. Sep 3, 20264 EDGAR
  10. Sep 3, 20264 EDGAR
  11. Sep 3, 20264 EDGAR
  12. Aug 14, 2026SCHEDULE 13G/A EDGAR
  13. Aug 11, 20264 EDGAR
  14. Jul 30, 202610-Q EDGAR
  15. Jul 29, 20268-K EDGAR
  16. Jul 7, 20264 EDGAR
  17. Jul 7, 20264 EDGAR
  18. Jul 7, 20264 EDGAR
  19. Jul 7, 20264 EDGAR
  20. Jul 7, 20264 EDGAR

The 523 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

151 open-market trades by officers, directors and large owners since October 2021: 30 buys and 121 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 14, 2026General Atlantic (AL) SPV, L.P.DirectorBuy675,000$16.49$11.1MForm 4
May 14, 2026General Atlantic Partners (Lux), SCSpDirectorBuy675,000$16.49$11.1MForm 4
May 13, 2026General Atlantic (AL) SPV, L.P.DirectorBuy550,000$16.63$9.1MForm 4
May 13, 2026General Atlantic Partners (Lux), SCSpDirectorBuy550,000$16.63$9.1MForm 4
May 12, 2026General Atlantic (AL) SPV, L.P.DirectorBuy750,000$16.87$12.7MForm 4
May 12, 2026General Atlantic Partners (Lux), SCSpDirectorBuy750,000$16.87$12.7MForm 4
May 6, 2026General Atlantic (SPV) GP, LLCDirectorBuy844,772$16.63$14.0MForm 4
May 6, 2026General Atlantic GenPar (Lux) SCSpDirectorBuy844,772$16.63$14.0MForm 4
May 5, 2026General Atlantic (SPV) GP, LLCDirectorBuy700,000$16.84$11.8MForm 4
May 5, 2026General Atlantic GenPar (Lux) SCSpDirectorBuy700,000$16.84$11.8MForm 4
May 4, 2026General Atlantic (SPV) GP, LLCDirectorBuy521,771$16.92$8.8MForm 4
May 4, 2026General Atlantic GenPar (Lux) SCSpDirectorBuy521,771$16.92$8.8MForm 4
Mar 12, 2026General Atlantic (SPV) GP, LLCDirectorBuy500,000$18.33$9.2MForm 4
Mar 12, 2026GAP COINVESTMENTS III, LLCDirectorBuy500,000$18.33$9.2MForm 4
Mar 11, 2026Payne Joseph P.DirectorBuy5,500$18.23$100.3KForm 4
Mar 11, 2026General Atlantic Partners (Bermuda) IV, L.P.DirectorBuy900,000$18.41$16.6MForm 4
Mar 11, 2026General Atlantic Partners (Bermuda) EU, L.P.DirectorBuy900,000$18.41$16.6MForm 4
Mar 10, 2026General Atlantic Partners (Bermuda) IV, L.P.DirectorBuy1,103,749$17.56$19.4MForm 4
Mar 10, 2026General Atlantic Partners (Bermuda) EU, L.P.DirectorBuy1,103,749$17.56$19.4MForm 4
Mar 9, 2026Shootman AlexChief Executive OfficerSale10,876$16.59$180.4KForm 4

All 151 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025W. Bryan HillFormer Chief Financial Officer$497.5K$7.7M63
2025Alex ShootmanChief Executive Officer60$558.5K$7.5M63
2025Cassandra HudsonChief Financial Officer43$77.6K$6.4M63
2025Douglas A. LinebargerChief Legal Officer55$416.4K$2.5M63
2024Alex ShootmanChief Executive Officer60$537.0K$7.8M63
2024W. Bryan HillFormer Chief Financial Officer$478.4K$4.9M63
2024Douglas A. LinebargerChief Legal Officer55$400.4K$2.2M63
2023W. Bryan HillFormer Chief Financial Officer$460.0K$5.0M63
2023Alex ShootmanChief Executive Officer60$516.5K$4.3M63

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
General Atlantic, L.P.19,379,038$351.1M12.1%+4,041,543
North Reef Capital Management LP9,225,000$167.2M6.4%+1,575,000
JANA Partners Management, LP6,747,707$122.3M6.4%+1,316,319
BlackRock, Inc.6,128,251$111.0M0.0%+243,048
UBS Group AG4,358,689$79.0M0.0%+654,071
Vanguard Portfolio Management LLC4,344,848$78.7M0.0%−337,437
Algebris (uk) Ltd3,430,009$62.0M4.1%+302,970
Vanguard Capital Management LLC2,909,945$52.7M0.0%−291,543
Irenic Capital Management LP2,675,151$48.5M3.5%No change
Manufacturers Life Insurance Company, The2,589,800$46.9M0.0%+391,531
Long Path Partners LP2,239,524$40.6M17.3%+440,308
Geode Capital Management, LLC1,944,209$35.2M0.0%+102,507
State Street Corp1,931,864$34.9M0.0%+93,885
Citadel Advisors LLC1,567,060$28.4M0.0%−19,020
Goldman Sachs Group Inc1,553,600$28.2M0.0%+402,673
Cadian Capital Management, LP1,476,832$26.8M2.0%+141,832
Fmr LLC1,459,967$26.5M0.0%−458
Select Equity Group, L.P.1,450,006$26.3M0.1%+466,056
Morgan Stanley1,209,526$21.9M0.0%−255,771
Bank Of America Corp /de/1,018,260$18.5M0.0%−114,534
Cypress Point Investment Management LP936,985$17.0M3.1%New
Champlain Investment Partners, LLC889,660$16.1M0.4%−712,906
First Eagle Investment Management, LLC851,456$15.4M0.0%New
Nomura Holdings Inc773,621$14.0M0.1%+583,697
Royal Bank Of Canada719,149$13.0M0.0%−122,477

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Nov 13, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−46.4%Report
Apr 30, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−87.7%Report
Apr 17, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−91.1%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Alkami Technology is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARALKAMI TECHNOLOGY, INC.2
  • CIK0001529274
  • Employer ID (EIN)45-30607767
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company7
  • Incorporated inDelaware7
  • Fiscal year endsDecember 312
  • Industry code (SIC)7372 Services-Prepackaged Software2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address5601 Granite Parkway, Suite 120, Plano, TX 750242
  • Phone972-200-19372
  • Shares outstanding106,941,980 as of Jun 30, 202614
  • Public float$2.4B as of Jun 30, 20257
  • AuditorErnst & Young LLP, Dallas, Texas PCAOB ID 42; it also attests to the company’s internal control over financial reporting7
  • On EDGAR sinceSep 6, 20112
  • Filings608 in all: 4 (362), 144 (54), 8-K (51), 3 (27), 10-Q (17), D (10), SC 13G/A (7), SCHEDULE 13G/A (7)2
    All 36 form types

    10-K (5), DEF 14A (5), DEFA14A (5), SC 13G (5), ARS (4), CORRESP (4), D/A (4), SCHEDULE 13D/A (4), 3/A (3), 4/A (3), 424B7 (3), S-1/A (3), S-8 (3), SCHEDULE 13D (3), SCHEDULE 13G (3), DRS/A (2), FWP (2), UPLOAD (2), 424B4 (1), 5 (1), 8-A12B (1), 8-K/A (1), CERT (1), DRS (1), DRSLTR (1), EFFECT (1), S-1 (1), S-3ASR (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Jul 30, 2026
    Proxy statement (DEF 14A) Apr 7, 2026
    Latest 8-K (8-K) Oct 7, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.001 par value per shareALKTThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).7

Risk factors and legal proceedings

The risks Alkami Technology names in Item 1A of its 10-K filed Feb 26, 2026: 55 risks under these headings, as written.7

  • Risks Relating to Our Business
  • Our business and operations have experienced rapid growth, and if we do not appropriately manage future growth, if any, or are unable to improve our systems and processes, our business, financial condition and results of operations may be adversely affected.
  • If we are unable to attract new clients, continue to broaden our existing clients’ use of our solutions or develop and maintain resale agreements with favorable terms, our business, financial condition and results of operations could be materially and adversely affected.
  • Growth of our business depends on a strong brand, and any failure to maintain, protect and enhance our brand could hurt our ability to retain or expand our base of clients.
  • We may not accurately predict the long-term rate of client subscription renewals or adoption of our solutions, or any resulting impact on our revenues or results of operations.
  • Our sales cycle can be unpredictable, time-consuming and costly, which could materially and adversely affect our business, financial condition and results of operations.
  • We leverage third-party software, content and services for use with our solutions. Performance issues, errors and defects, or failure to successfully integrate or license necessary third-party software, content or services on favorable terms, could cause delays, errors or failures of our solutions, increases in our expenses and reductions in our sales, which could materially and adversely affect our business, financial condition and results of operations.
  • If we are unable to effectively integrate our solutions with other systems used by our clients, or if there are performance issues with such third-party systems, our solutions will not operate effectively, and our business, financial condition and results of operations could be materially and adversely affected.
  • If our clients are not satisfied with our digital banking solutions or our systems and infrastructure fail to meet their needs, our business, financial condition and results of operations could be materially and adversely affected.
  • We depend on data centers operated by third parties and third-party internet hosting providers, principally Amazon Web Services, and any disruption in the operation of these facilities or access to the internet could adversely affect our business.
  • Defects, errors or other performance problems in the Alkami Digital Sales & Service Platform could harm our reputation, result in significant costs to us, impair our ability to sell our solutions and subject us to substantial liability.
  • We rely on our management team and other key employees, and the loss of one or more key employees could harm our business.
The other 44 risks
  • Because competition for key employees is intense, we may not be able to attract and retain the highly skilled employees we need to support our operations and future growth.
  • From time to time, we encounter implementation challenges as a result of our clients’ integration and functionality requirements, and when this occurs, we must delay revenue recognition, and in certain circumstances, we may never recognize the revenue, which could materially and adversely affect our business, financial condition and results of operations.
  • Shifts over time in the number of account holders and registered users of our solutions, their use of our solutions and our clients’ implementation and client support needs could negatively affect our profit margins.
  • If we fail to provide high-quality client support, our business and reputation could suffer.
  • We may acquire or invest in companies, or pursue business partnerships, which may divert our management’s attention or result in dilution to our stockholders, and we may be unable to integrate acquired businesses and technologies successfully or achieve the expected benefits of such acquisitions, investments or partnerships.
  • Natural or man-made disasters and other similar events, such as the COVID-19 pandemic, could significantly disrupt our business, and materially and adversely affect our business, financial condition and results of operations.
  • Our use and reliance upon technology and development resources in India may expose us to unanticipated costs and liabilities, which could affect our ability to realize cost savings from our technology operations in India.
  • We are subject to various risks associated with environmental and social matters.
  • Risks Relating to Cybersecurity, Data Privacy and Artificial Intelligence
  • A breach or other compromise of our security measures or those of third parties we rely on could materially and adversely impact our reputation, business, financial condition and results of operations.
  • Privacy and data security concerns, data collection and transfer restrictions, contractual obligations and U.S. and foreign laws, regulations and industry standards related to data privacy, security and protection could materially and adversely affect our business, financial condition and results of operations.
  • AI presents risks and challenges that can impact our business, including by posing security risks to our confidential information, proprietary information and personal data, increasing our regulatory and compliance burden and increasing competition.
  • Risks Relating to Our Industry
  • We face intense competition and could lose market share to our competitors, which could adversely affect our business, financial condition and results of operations.
  • We derive all of our revenues from clients in the financial services industry, and any downturn, consolidation or decrease in technology spend in the financial services industry could materially and adversely affect our business, financial condition and results of operations.
  • If we fail to respond to evolving technological requirements or introduce adequate enhancements and new features, our digital banking solutions could become obsolete or less competitive.
  • If the market for digital banking solutions develops more slowly than we expect or changes in a way that we fail to anticipate, our sales would suffer, and our business, financial condition and results of operations could be materially and adversely affected.
  • Risks Relating to Our Intellectual Property, Software and Third-Party Licenses
  • Our intellectual property rights are valuable, and any inability to protect them could reduce the value of our products, services and brand.
  • Some of our products and services contain open-source software, which may pose particular risks to our proprietary software, products and services in a manner that could have a material and adverse effect on our business, financial condition and results of operations.
  • We may be obligated to disclose our proprietary source code to our clients, which may limit our ability to protect our intellectual property and proprietary rights, reduce the renewals of our solutions and increase the risk of successful hacking attempts.
  • Claims by others that we infringe upon, misappropriate or otherwise violate their intellectual property or other proprietary technology rights could have a material and adverse effect on our business, financial condition and results of operations.
  • If we fail to comply with our obligations under license or technology agreements with third parties, we may be required to pay damages, and we could lose license rights that are critical to our business.
  • If we cannot license rights to use technologies on reasonable terms, we may not be able to commercialize new products in the future.
  • Risks Relating to our Financial Results, Operating History, Indebtedness and Capital Structure
  • Our quarterly and annual results of operations are likely to fluctuate in future periods.
  • Because we recognize revenues from our solutions over the terms of our client agreements, beginning from live use of the service, the impact of changes in the subscriptions for our solutions will not be immediately reflected in our operating results.
  • We have a history of operating losses and may not achieve or maintain profitability in the future.
  • Our ability to raise capital in a timely manner, if needed in the future, may be limited, or such capital may be unavailable on acceptable terms, if at all. Our failure to raise capital, if needed, could materially and adversely affect our business, financial condition and results of operations, and any debt or equity issued to raise additional capital may reduce the value of our common stock.
  • Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited.
  • Unanticipated changes in tax laws or regulations could have an adverse effect on our business and results of operations.
  • Our indebtedness and liabilities could limit the cash flow available for our operations, expose us to risks that could adversely affect our business, financial condition and results of operations and impair our ability to satisfy our obligations under the 2030 Convertible Notes.
  • The terms of our Amended Credit Agreement require us to meet certain operating and financial covenants and place restrictions on our operating and financial flexibility. If we raise additional capital through debt financing, the terms of any new debt could further restrict our ability to operate our business.
  • We may be unable to raise the funds necessary to repurchase the 2030 Convertible Notes for cash following a fundamental change or to pay any cash amounts due upon maturity or conversion of the 2030 Convertible Notes, and our other indebtedness may limit our ability to repurchase the 2030 Convertible Notes or to pay any cash amounts due upon their maturity or conversion.
  • The accounting method for the 2030 Convertible Notes could adversely affect our reported financial condition and results.
  • We are subject to counterparty risk with respect to the Capped Calls.
  • Future strategic initiatives, including acquisitions of businesses and strategic investments, could negatively affect our business, financial condition and results of operations if we fail to integrate the acquired businesses and their employees successfully into our existing operations or achieve the desired results of our initiatives.
  • Risks Related to Ownership of Our Common Stock
  • Transactions relating to our 2030 Convertible Notes may affect the value of our common stock.
  • Substantial future sales of shares of our common stock could cause the market price of our common stock to decline.
  • We are currently restricted in our ability, and for the foreseeable future do not intend, to pay dividends on our common stock and, consequently, your ability to achieve a return on your investment will depend on appreciation in the price of our common stock.
  • The principal stockholders of Alkami will continue to have significant influence over the election of the board of directors and approval of any significant corporate actions.
  • Provisions in the Indenture could delay or prevent an otherwise beneficial takeover of us.
  • Anti-takeover provisions contained in our charter documents and Delaware law could prevent a takeover that stockholders consider favorable and could also reduce the market price of our stock.
  • Our amended and restated certificate of incorporation and amended and restated bylaws provide for an exclusive forum in the Court of Chancery of the State of Delaware for certain disputes between us and our stockholders, and that the federal district courts of the United States of America will be the exclusive forum for the resolution of any complaint asserting a cause of action under the Securities Act.
  • The trading price of our common stock has been and may continue to be volatile.
  • Our business could be negatively affected as a result of actions of activist stockholders or others.
  • We incur significant expenses and administrative burdens as a public company, which could have a material adverse effect on our operations and financial results.

Legal proceedings

From time to time, we may become involved in legal proceedings arising in the ordinary course of our business. Our management believes that there are no claims or actions pending against us, the ultimate disposition of which would have a material impact on our business, financial condition, results of operations or cash flows.

The opening of Item 3, Legal Proceedings.7

Sources

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