ALKAMI TECHNOLOGY, INC.
ALKT · Services-Prepackaged Software · 106.1M shares · +116%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$48M (gross $3M, SBC $51M)
Reference price $16.49 · est. market cap ~$1.8B — last insider purchase, 2026-05-14 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C62Fast-growing digital-banking SaaS, GAAP-unprofitable but free-cash-flow positive.
Strengths
- Strong growth — revenue +32.9% (85th)
- Positive free cash flow — FCF $41.4M (26th)
- Improving losses — net income +16.7% (67th)
Risks
- GAAP losses — operating margin -12.1%, net margin -10.7%, ROE -13.2%
- Mid gross margin for SaaS — 57.8% (21st)
- Scaling-cost execution risk — per 10-K
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Net lossNet loss (net margin -10.7%)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Chronic dilutionShare count +116%/yr over 4y (dilution, book value/share -95%)
- Insider buyingInsider buying — 21 open-market buy(s) by 3 insider(s) (cluster of 3 insiders, ~$255M, last 6mo) Form 4 ↗
- Notable holderHeld by 4 notable fund(s): STATE STREET CORP, CITADEL ADVISORS LLC, FMR LLC +1 more (as of 2026-03-31)
- Insider sellingInsider selling — 4 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$412,622, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
57.8%
Operating margin
-12.1%
Net margin
-10.7%
Return on equity
-13.2%
Return on assets
-5.6%
Revenue growth (QoQ)
6.9%
Current ratio
2.1×
Free cash flow
$41M
EBITDA
-$27M
Tangible book value
-$200M
Cash & investments
$63M
Stock comp / revenue
17.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-08 | Shootman Alex | Tax withheld | 16K | $15.85 |
| 2026-06-01 | HUDSON CASSANDRA | Tax withheld | 6.1K | $18.95 |
| 2026-06-01 | Shootman Alex | Tax withheld | 5.2K | $18.95 |
| 2026-06-01 | Sachdeva Prerna | Tax withheld | 1.4K | $18.95 |
| 2026-06-01 | Linebarger Douglas A. | Tax withheld | 5.8K | $18.95 |
| 2026-05-19 | SMITH BRIAN R | Grant | 11K | — |
| 2026-05-19 | KANE CHARLES | Grant | 11K | — |
| 2026-05-19 | FOX JEFFREY H | Grant | 20K | — |
| 2026-05-19 | Alvarez Maria Ines | Grant | 11K | — |
| 2026-05-19 | Morgan Susanna | Grant | 11K | — |
| 2026-05-19 | Osnoss Raphael | Grant | 11K | — |
| 2026-05-19 | Mitchell Steven R | Grant | 11K | — |
| 2026-05-19 | Payne Joseph P. | Grant | 11K | — |
| 2026-05-19 | Yastine Barbara A. | Grant | 11K | — |
| 2026-05-19 | Linville Judson C | Grant | 20K | — |
| 2026-05-14 | GENERAL ATLANTIC, L.P. | Buy | 675K | $16.49 |
| 2026-05-14 | GENERAL ATLANTIC GENPAR (BERMUDA), L.P. | Buy | 675K | $16.49 |
| 2026-05-13 | GENERAL ATLANTIC, L.P. | Buy | 550K | $16.63 |
| 2026-05-13 | GENERAL ATLANTIC GENPAR (BERMUDA), L.P. | Buy | 550K | $16.63 |
| 2026-05-12 | GENERAL ATLANTIC GENPAR (BERMUDA), L.P. | Buy | 750K | $16.87 |
| 2026-05-12 | GENERAL ATLANTIC, L.P. | Buy | 750K | $16.87 |
| 2026-05-06 | GENERAL ATLANTIC GENPAR (BERMUDA), L.P. | Buy | 845K | $16.63 |
| 2026-05-06 | GENERAL ATLANTIC, L.P. | Buy | 845K | $16.63 |
| 2026-05-05 | GENERAL ATLANTIC, L.P. | Buy | 700K | $16.84 |
| 2026-05-05 | GENERAL ATLANTIC GENPAR (BERMUDA), L.P. | Buy | 700K | $16.84 |
| 2026-05-04 | GENERAL ATLANTIC GENPAR (BERMUDA), L.P. | Buy | 522K | $16.92 |
| 2026-05-04 | GENERAL ATLANTIC, L.P. | Buy | 522K | $16.92 |
| 2026-04-05 | SMITH BRIAN R | Grant | 1.2K | — |
| 2026-04-05 | Mitchell Steven R | Grant | 524 | — |
| 2026-04-05 | Alvarez Maria Ines | Grant | 674 | — |
| 2026-03-12 | GENERAL ATLANTIC, L.P. | Buy | 500K | $18.33 |
| 2026-03-12 | GENERAL ATLANTIC GENPAR (BERMUDA), L.P. | Buy | 500K | $18.33 |
| 2026-03-11 | GENERAL ATLANTIC, L.P. | Buy | 900K | $18.41 |
| 2026-03-11 | Payne Joseph P. | Buy | 5.5K | $18.23 |
| 2026-03-11 | GENERAL ATLANTIC GENPAR (BERMUDA), L.P. | Buy | 900K | $18.41 |
| 2026-03-10 | GENERAL ATLANTIC, L.P. | Buy | 1.1M | $17.56 |
| 2026-03-10 | GENERAL ATLANTIC GENPAR (BERMUDA), L.P. | Buy | 1.1M | $17.56 |
| 2026-03-09 | GENERAL ATLANTIC, L.P. | Buy | 842K | $17.35 |
| 2026-03-09 | Shootman Alex | Sell | 11K | $16.59 |
| 2026-03-09 | GENERAL ATLANTIC GENPAR (BERMUDA), L.P. | Buy | 842K | $17.35 |
| 2026-03-04 | Linebarger Douglas A. | Grant | 67K | — |
| 2026-03-04 | Shootman Alex | Grant | 212K | — |
| 2026-03-04 | Shootman Alex | Grant | 212K | — |
| 2026-03-04 | Sachdeva Prerna | Grant | 24K | — |
| 2026-03-04 | Linebarger Douglas A. | Grant | 67K | — |
| 2026-03-02 | Linebarger Douglas A. | Sell | 5.5K | $16.90 |
| 2026-03-02 | Sachdeva Prerna | Sell | 1.4K | $16.90 |
| 2026-03-02 | HUDSON CASSANDRA | Sell | 6.9K | $16.90 |
| 2026-01-05 | SMITH BRIAN R | Grant | 877 | — |
| 2026-01-05 | Mitchell Steven R | Grant | 396 | — |
| 2026-01-05 | Alvarez Maria Ines | Grant | 255 | — |
| 2025-12-09 | Shootman Alex | Sell | 43K | $21.92 |
| 2025-12-02 | Linebarger Douglas A. | Sell | 8.2K | $20.34 |
| 2025-12-02 | Sachdeva Prerna | Sell | 1.1K | $20.34 |
| 2025-11-29 | HUDSON CASSANDRA | Grant | 294K | — |
| 2025-11-07 | Shootman Alex | Grant | 45K | $19.45 |
| 2025-10-05 | Mitchell Steven R | Grant | 347 | — |
| 2025-10-05 | SMITH BRIAN R | Grant | 786 | — |
| 2025-10-05 | Alvarez Maria Ines | Grant | 223 | — |
| 2025-09-09 | Shootman Alex | Sell | 43K | $25.66 |
| 2025-09-02 | Sachdeva Prerna | Sell | 3.0K | $24.76 |
| 2025-09-02 | HILL W BRYAN | Sell | 20K | $24.76 |
| 2025-09-02 | Linebarger Douglas A. | Tax withheld | 8.2K | $24.76 |
| 2025-08-27 | Shootman Alex | Sell | 75K | $25.20 |
| 2025-08-13 | GENERAL ATLANTIC, L.P. | Buy | 100K | $22.31 |
| 2025-08-13 | GENERAL ATLANTIC GENPAR (BERMUDA), L.P. | Buy | 100K | $22.31 |
| 2025-08-13 | GENERAL ATLANTIC GENPAR (BERMUDA), L.P. | Buy | 129K | $22.54 |
| 2025-08-13 | GENERAL ATLANTIC, L.P. | Buy | 129K | $22.54 |
| 2025-08-12 | GENERAL ATLANTIC, L.P. | Buy | 517K | $21.46 |
| 2025-08-12 | GENERAL ATLANTIC GENPAR (BERMUDA), L.P. | Buy | 517K | $21.46 |
| 2025-08-11 | GENERAL ATLANTIC, L.P. | Buy | 250K | $20.65 |
| 2025-08-11 | GENERAL ATLANTIC, L.P. | Buy | 400K | $20.73 |
| 2025-08-11 | GENERAL ATLANTIC GENPAR (BERMUDA), L.P. | Buy | 250K | $20.65 |
| 2025-08-11 | GENERAL ATLANTIC GENPAR (BERMUDA), L.P. | Buy | 400K | $20.73 |
| 2025-07-23 | Morgan Susanna | Grant | 12K | — |
| 2025-07-05 | SMITH BRIAN R | Grant | 697 | — |
| 2025-07-05 | Alvarez Maria Ines | Grant | 177 | — |
| 2025-07-05 | Mitchell Steven R | Grant | 301 | — |
| 2025-06-09 | Shootman Alex | Sell | 43K | $30.53 |
| 2025-06-02 | Sachdeva Prerna | Sell | 155 | $28.36 |
| 2025-06-02 | HILL W BRYAN | Sell | 20K | $28.36 |
| 2025-06-02 | Linebarger Douglas A. | Sell | 7.2K | $28.36 |
| 2025-05-28 | Shootman Alex | Sell | 75K | $28.99 |
| 2025-05-15 | Payne Joseph P. | Buy | 8.2K | $30.46 |
| 2025-05-14 | Yastine Barbara A. | Grant | 7.2K | — |
| 2025-05-14 | Osnoss Raphael | Grant | 7.2K | — |
| 2025-05-14 | SMITH BRIAN R | Grant | 7.2K | — |
| 2025-05-14 | Alvarez Maria Ines | Grant | 7.2K | — |
| 2025-05-14 | Payne Joseph P. | Grant | 13K | — |
| 2025-05-14 | Mitchell Steven R | Grant | 7.2K | — |
| 2025-05-14 | KANE CHARLES | Grant | 7.2K | — |
| 2025-05-09 | Sachdeva Prerna | Grant | 19K | — |
| 2025-04-05 | Mitchell Steven R | Grant | 325 | — |
| 2025-04-05 | SMITH BRIAN R | Grant | 719 | — |
| 2025-04-05 | Clark Christopher Todd | Grant | 418 | — |
| 2025-04-05 | Alvarez Maria Ines | Grant | 174 | — |
| 2025-04-05 | Nelson Gary Lynn | Grant | 511 | — |
| 2025-03-10 | Shootman Alex | Sell | 35K | $24.28 |
| 2025-03-03 | HILL W BRYAN | Sell | 17K | $30.41 |
| 2025-03-03 | Linebarger Douglas A. | Sell | 4.4K | $30.41 |
| 2025-02-26 | Shootman Alex | Sell | 3.6K | $30.32 |
| 2025-02-26 | Shootman Alex | Sell | 71K | $29.71 |
| 2025-02-21 | Shootman Alex | Grant | 200K | — |
| 2025-02-20 | Linebarger Douglas A. | Grant | 57K | — |
| 2025-02-20 | Sachdeva Prerna | Grant | 10.0K | — |
| 2025-02-20 | HILL W BRYAN | Grant | 114K | — |
| 2025-01-13 | HILL W BRYAN | Sell | 100K | $33.43 |
| 2025-01-13 | HILL W BRYAN | Option exercise | 100K | $2.34 |
| 2025-01-05 | Nelson Gary Lynn | Grant | 334 | — |
| 2025-01-05 | Alvarez Maria Ines | Grant | 232 | — |
| 2025-01-05 | SMITH BRIAN R | Grant | 411 | — |
| 2025-01-05 | Mitchell Steven R | Grant | 219 | — |
| 2025-01-05 | Clark Christopher Todd | Grant | 270 | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-20 | Shareholder vote | filing ↗ |
| 2026-05-06 | Material agreementExhibits | filing ↗ |
| 2026-04-29 | ResultsReg FDOtherExhibits | filing ↗ |
| 2026-04-01 | Exec/director change | filing ↗ |
| 2026-02-25 | ResultsReg FDExhibits | filing ↗ |
| 2025-10-30 | ResultsExec/director changeReg FDExhibits | filing ↗ |
| 2025-07-30 | ResultsReg FDExhibits | filing ↗ |
| 2025-06-30 | Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-20 | 2026-05-19 | 0001529274-26-000043 ↗ |
| 8-K | 2026-05-06 | 2026-05-01 | 0001529274-26-000036 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001529274-26-000032 ↗ |
| 8-K | 2026-04-29 | 2026-04-23 | 0001529274-26-000028 ↗ |
| 8-K | 2026-04-01 | 2026-03-31 | 0001529274-26-000014 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001529274-26-000009 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0001529274-26-000005 ↗ |
| 10-Q | 2025-10-31 | 2025-09-30 | 0001529274-25-000162 ↗ |
| 8-K | 2025-10-30 | 2025-10-29 | 0001529274-25-000159 ↗ |
| 10-Q | 2025-07-31 | 2025-06-30 | 0001529274-25-000152 ↗ |
| 8-K | 2025-07-30 | 2025-07-30 | 0001529274-25-000147 ↗ |
| 8-K | 2025-06-30 | 2025-06-29 | 0001529274-25-000130 ↗ |