Alkami Technology Inc (ALKT)

Over the past six months, Alkami Technology's stock has experienced significant events. As of May 2026, the stock was down 30% year-to-date, and as of February 2026, it was down 46% over the last year. In Q1 2026, Alkami reported revenue of $126.1 million, a 29% increase year-over-year, but posted an EPS loss of $0.09, missing forecasts. The Board of Directors authorized a share repurchase program of up to $100 million of common stock. Analyst price targets have been adjusted, reflecting recalibrated expectations. Activist hedge fund JANA Partners has built a position in the company and is pressuring the board to explore a sale.

While there is no explicit information detailing demand seasonality for Alkami Technology's products and services, the company's financial outlook indicates some operational seasonality. The Q2 2026 adjusted EBITDA outlook incorporates the impact of their annual user conference, which is reflected in their normal seasonal expense pattern.

Alkami Technology, Inc. is a cloud-based digital banking solutions provider offering the Alkami Digital Sales & Service Platform, a suite of digital banking software for financial institutions in the United States. The platform enables user onboarding and engagement, revenue growth, and improved operational efficiency through a cloud-based architecture. Key products include a digital banking platform, onboarding solutions, data tools, retail and business banking functionalities, and payment security. The company primarily generates revenue from SaaS subscriptions.

Alkami Technology, Inc. primarily serves financial institutions across the United States. In March 2026, the company expanded its operations into India and Southern Asia, launching an India Global Capability Center to scale its engineering and data capabilities.

Alkami Technology has garnered a strong brand reputation, particularly for its digital banking platform. The company has been certified by J.D. Power in both 2024 and 2025 for providing "An Outstanding Mobile Banking Platform Experience." Additionally, Alkami was recognized as the "Best Banking-As-A-Service platform for 2025" by Tearsheet and received the "Best Banking App" award in 2024.

Institutional investors hold the vast majority of Alkami Technology's stock. Major institutional owners include General Atlantic Llc, Fidelity Management and Research Company, The Vanguard Group, BlackRock, Inc., D1 Capital Partners, JANA Partners Management, LP, Westfield Capital Management Co Lp, UBS Group AG, Janus Henderson Group Plc, Long Path Partners LP, Bamco Inc /ny/, ArrowMark Colorado Holdings LLC and S3 Ventures, LLC. Insiders, including co-founder Stephen Bohanon and other executives, hold approximately 3.5% of the company's stock.