Alkami Technology, Inc. (ALKT) SEC Filings & Earnings Calls

Transition risk in accounting leadership; interim CFO dual role may create workload pressure.

“Cassandra Hudson... will assume the role of principal accounting officer on an interim basis... while the Company conducts a search for a permanent replacement.” · word for word

Gross margin pressure from third-party costs

“The driver for the decrease in gross margin for the three and six months ended June 30, 2026 compared to the same periods in 2025 is primarily related to increased third party and hosting costs.” · word for word

GAAP gross margin declined 180 bps YoY, indicating cost pressure or mix shift.

“GAAP gross margin of 56.8%, compared to 58.6% in the year-ago quarter.” · word for word

No new risks identified; amendment is incremental and positive for capital allocation flexibility.

Gross margin pressure from MANTL amortization

“The driver for the decrease in gross margin for the three months ended March 31, 2026 compared to the same period in 2025 is primarily related to the increased amortization of intangible assets included in cost of revenues due to the acquisition of MANTL.” · word for word

Dependence on financial services industry health

“reliance on the financial services industry as the source of our revenue in the event of any downturn, consolidation or decrease in technological spend in such industry;” · word for word

Integration risk from MANTL acquisition

“acquiring or investing in other companies or pursuing business partnerships;” · word for word

Net loss widening

“GAAP net loss of $47.7 million, up from $40.8 million in 2024” · word for word

Former CFO transition

“W. Bryan Hill retired from his position as our Chief Financial Officer on October 31, 2025 but continues to provide consulting services to us pursuant to a consulting agreement.”

Leveraged position risk

“GA AL Holding may borrow up to $12,705,332.68 under the Bermuda Margin Loan Agreement, which was fully drawn on October 17, 2025.” · word for word

Leveraged position risk

“GA AL Holding may borrow up to $12,705,332.68 under the Bermuda Margin Loan Agreement, which was fully drawn on October 17, 2025.” · word for word

Rapid growth management

“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.” · word for word

Client concentration and renewal risk

“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.” · word for word

Competition from larger players

“Many of our competitors have significantly more financial, technical, marketing and other resources than we have, may devote greater resources to the promotion, sale and support of their systems than we can, have more extensive client bases and broader client relationships than we have and have longer operating histories and greater name recognition than we ” · word for word

Cybersecurity and data privacy

“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.” · word for word

Integration with third-party systems

“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.” · word for word

GAAP net loss widening to $(47.7)M in FY2025 from $(40.8)M in FY2024, despite strong revenue growth, indicating elevated investment spend.

“GAAP net loss of $(47.7) million, compared to $(40.8) million in 2024” · word for word

GAAP gross margin declined to 57.8% in FY2025 from 58.9% in FY2024, though non-GAAP improved, suggesting stock-based compensation or amortization headwinds.

“GAAP gross margin of 57.8%, compared to 58.9% in 2024” · word for word

Integration risk from MANTL acquisition

“The acquisition of MANTL resulted in the recognition of a net deferred tax liability of $12.6 million.” · word for word

Increased leverage from convertible notes

“On March 13, 2025, the Company issued $345 million principal amount of its 1.50% Convertible Senior Notes due 2030.” · word for word

Gross margin pressure from amortization

“The driver for the decrease in gross margin for the three and nine months ended September 30, 2025 compared to the same periods in 2024 is primarily related to the increased amortization of intangible assets included in cost of revenues due to the acquisition of MANTL.” · word for word