Alkami sees Q3 revenue between $132.7 mln and $134.2 mln
Company expects Q3 adjusted EBITDA between $23.5 mln and $24.3 mln
Alkami forecasts 2026 full-year revenue between $528.0 mln and $531.0 mln
Quarterly results
U.S. digital banking platform's Q2 revenue rose 16% yr/yr, slightly beating analyst expectations
Adjusted EBITDA for Q2 rose to $19.4 mln from $11.9 mln a year ago
Company ended Q2 with 23.6 mln digital banking users, annual recurring revenue up 21% yr/yr
Drivers of the quarter
Client and product expansion - Co said results reflected continued client and product expansion, with 37 new digital banking clients added over the last 12 months and five new clients going live on its platform in Q2
User growth - Co added 2.7 mln registered users to its digital banking platform in the past 12 months, ending Q2 with 23.6 mln users
Higher recurring revenue - Annual recurring revenue rose 21% yr/yr and revenue per registered user increased 7% yr/yr, indicating deeper client engagement
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Alkami Technology Inc is $21.50, about 18.3% above its July 28 closing price of $18.17
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago
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