Alkami Technology reported record annual recurring revenue of $512 million, up 21% year over year, exceeding the $500 million milestone. Total revenue reached $129.8 million, a 15.9% increase, with subscription revenue growing 16.2% and representing 95% of the total. Adjusted EBITDA was $19.4 million, expanding the margin by approximately 430 basis points to 14.9%, while non-GAAP gross margin came in at 63%. Revenue per user rose 7% to $21.69, and the company repurchased $15 million of stock in the second quarter plus an additional $10 million in the third quarter to date.
Alkami Technology IncAlkami reported record ARR of $512M, strong revenue growth, margin expansion, and share repurchases.