Q2 2025 Alkami Technology Inc Earnings Call Transcript
Key Points
- Alkami Technology Inc (ALKT) reported a strong revenue growth of 36% year-over-year in the second quarter of 2025.
- The company achieved an adjusted EBITDA of $11.9 million, significantly improving from $4.6 million in the same quarter last year.
- Alkami Technology Inc (ALKT) successfully increased its registered user base by 2.3 million, reaching a total of 20.9 million users.
- The Mantle acquisition showed early commercial success, adding 39 new clients in the first half of 2025, with 14 being existing Alkami digital banking clients.
- The company reported a high subscription revenue growth of 35%, which constituted 95% of the total revenue.
- Alkami Technology Inc (ALKT) experienced client churn, with five clients leaving the platform over the last 12 months.
- The Mantle acquisition, while promising, is expected to be dilutive to adjusted EBITDA margin over the next few years.
- The company faced higher than expected termination fees due to client attrition, impacting revenue timing.
- There is uncertainty regarding the impact of JPMorgan's decision to charge for access to consumer data on Alkami Technology Inc (ALKT)'s business.
- The integration of Mantle and Alkami sales teams indicates potential challenges in aligning sales strategies and operations.
The 2nd quarter 2025 financial results conference call.
I'd like to turn the conference call over to Mr. Steve Calk, Vice President of Investor Relations. Mr. Talk, please go ahead.
Thank you, Kelsey. With me on today's caller, Alex Schulman, Chief Executive Officer and Brian Hill, Chief Financial Officer.
During today's call, we may make forward-looking statements about guidance and other manners regarding our future performance. These statements are based on management's current views and expectations and are subject to certain risks and uncertainties. Our actual results may be materially different. For a summary of risk factors associated with our forward-looking statements, please refer to today's press release and the sections in our latest 10k.
Statements made during the call are being made as of today, and we undertake no obligation to update or revise these statements. Also, unless otherwise stated, financial measures discussed on this call will be on a
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