ALKAMI TECHNOLOGY INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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Consolidated Statements of Operations
(in thousands, except share and per share data)
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues | $333,849 | $264,831 | $204,270 |
| Cost of revenues(1)(2) | 137,219 | 120,720 | 95,946 |
| Gross profit | 196,630 | 144,111 | 108,324 |
| Operating expenses: | |||
| Research and development | 96,211 | 84,661 | 69,329 |
| Sales and marketing | 59,765 | 48,557 | 36,811 |
| General and administrative | 83,650 | 72,900 | 71,247 |
| Acquisition-related expenses, net | 195 | 263 | (12,529) |
| Amortization of acquired intangibles | 1,435 | 1,435 | 1,155 |
| Total operating expenses | 241,256 | 207,816 | 166,013 |
| Loss from operations | (44,626) | (63,705) | (57,689) |
| Non-operating income (expense): | |||
| Interest income | 4,560 | 8,095 | 2,696 |
| Interest expense | (461) | (7,384) | (3,850) |
| Gain (loss) on financial instruments | — | 534 | (200) |
| Loss on extinguishment of debt | — | (409) | (18) |
| Loss before income taxes | (40,527) | (62,869) | (59,061) |
| Provision (benefit) for income taxes | 308 | 44 | (461) |
| Net loss | $(40,835) | $(62,913) | $(58,600) |
| Net loss per share attributable to common stockholders: | |||
| Basic and diluted | $(0.41) | $(0.67) | $(0.64) |
| Weighted average number of shares of common stock outstanding: | |||
| Basic and diluted | 98,892,692 | 94,080,797 | 90,956,521 |
(1) Includes amortization of acquired technology of $5.4 million, $5.4 million, and $3.9 million for the years ended December 31, 2024, 2023, and 2022, respectively.
(2) Includes fees paid to a related party of $6.2 million and $4.4 million for the years ended December 31, 2023, and 2022, respectively. See Note 16.
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