ALKAMI TECHNOLOGY, INC.
For the period ended Sep 30, 2025. Filed Oct 31, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 31, 2025
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Unaudited Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues | $112,954 | $85,906 | $322,848 | $244,193 |
| Cost of revenues(1) | 48,812 | 35,289 | 135,328 | 100,773 |
| Gross profit | 64,142 | 50,617 | 187,520 | 143,420 |
| Operating expenses: | ||||
| Research and development | 30,091 | 24,133 | 87,207 | 70,862 |
| Sales and marketing | 19,337 | 14,406 | 60,227 | 45,213 |
| General and administrative | 25,642 | 22,147 | 75,452 | 62,074 |
| Acquisition-related expenses | 247 | — | 3,138 | 195 |
| Amortization of acquired intangibles | 1,706 | 359 | 3,981 | 1,076 |
| Loss on impairment of intangible assets | — | — | 1,655 | — |
| Total operating expenses | 77,023 | 61,045 | 231,660 | 179,420 |
| Loss from operations | (12,881) | (10,428) | (44,140) | (36,000) |
| Non-operating income (expense): | ||||
| Interest income | 1,026 | 1,147 | 3,286 | 3,490 |
| Interest expense | (2,978) | (180) | (6,967) | (327) |
| Loss before income taxes | (14,833) | (9,461) | (47,821) | (32,837) |
| (Benefit from) provision for income taxes | (29) | (19) | (11,610) | 355 |
| Net loss | $(14,804) | $(9,442) | $(36,211) | $(33,192) |
| Net loss per share attributable to common stockholders: | ||||
| Basic and diluted | $(0.14) | $(0.09) | $(0.35) | $(0.34) |
| Weighted-average number of shares of common stock outstanding: | ||||
| Basic and diluted | 104,345,319 | 99,435,002 | 103,395,497 | 98,165,903 |
(1) Includes amortization of acquired technology of $4.9 million and $1.3 million for the three months ended September 30, 2025 and 2024, respectively, and $11.7 million and $4.0 million for the nine months ended September 30, 2025 and 2024, respectively.
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