ALKAMI TECHNOLOGY, INC.

ALKTVertical SaaS

Alkami Technology powers online and mobile banking for community banks and credit unions.

Key figures

Data as of Jun 2026 · Pills compare vs Mar 2026

ARR Multiple

2.9x

-0.9x

ARR

$519M

+2.9%

YoY Growth

15.9%

-13.1pp

Market Cap

$1.5B

-23.3%

Revenue (Q)

$130M

+2.9%

Gross Margin

56.9%

-1.7pp

Op. Margin

-5.9%

+1.0pp

Rule of 40

9.9

-12.0

Magic Number

0.74

-0.33

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data. Market cap & ARR multiple use the close of 2 Oct 2026; their pills compare vs the Jun 2026 quarter-end (3.7x).

Valuation by quarter

Current ARR Multiple: 3.7x

Calculated valuation

FRAMEWORK EST.

Valuation data is not available for this company.

Strategy recommendations

Levers ranked by valuation impact

No recommendations for this company.

AI Replacement RiskLOW

11/ 100

LowModerateElevatedHigh

Estimated likelihood that general-purpose AI replaces this product.

Open AI Risk Calculator →

Why this rating

From the AI Risk Calculator model

Structural moats (regulation, integration depth, or proprietary data) make AI-only replacement unlikely in the near term.

What's driving the score

Communication & collaborationCategory baseline

low base

Workflow complexity5/5

-12 risk

Data moat3/5

-1 risk

Integration depthHigh

-10 risk

SegmentMid Market

neutral

IndustryFinance

-8 risk

Own AI integration2/5

+1.6 risk

Company overview

Alkami Technology powers online and mobile banking for community banks and credit unions. The company was founded in 2009 in Plano, Texas. It went public in 2021.

The big banks spend fortunes building slick apps. Smaller banks and credit unions cannot match that. Yet their members still want a modern app that just works. Alkami closes that gap. It gives smaller institutions a digital banking platform that feels current and competitive.

The platform runs the whole digital experience. Account access, transfers, bill pay, alerts, and card controls. It also adds data and marketing tools so a credit union can spot opportunities and reach members with the right offer.

Suppose a regional credit union is losing young members to a flashy fintech app. It cannot build its own from scratch. With Alkami, it launches a strong mobile experience quickly and keeps those members close to home.

Alkami charges based on the number of registered users on its platform. As its clients grow their digital user base, Alkami revenue grows with them. That alignment is a nice feature of the model.

Revenue runs around $330 million a year and grows fast. The company is working its way toward steady profit. Alkami rides a simple trend. Every bank must be a digital bank now, and most of them need help getting there.