Alkami Technology, Inc. announced its financial results for the third quarter ending September 30, 2024, reporting total revenue of $85.9 million, a 27% increase compared to the prior-year quarter. The company ended Q3 with 19.5 million live registered users, an increase of 2.6 million year-over-year, demonstrating continued platform adoption.
Alkami exceeded its gross margin and adjusted EBITDA expectations for the quarter, reflecting progress towards its 2026 financial objectives of a non-GAAP gross margin of 65% and adjusted EBITDA margin of 20%. The company signed nine new digital banking clients, comprising six credit unions and three banks, and renewed 14 clients, adding seven additional products to their portfolios.
For the fourth quarter ending December 31, 2024, Alkami provided revenue guidance between $89.0 million and $90.0 million. The full fiscal year 2024 revenue guidance was set between $333.2 million and $334.2 million. These figures indicate continued confidence in the company's growth trajectory and operational execution.
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