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Alkami Technology (MEX:ALKT) Gross Profit : MXN2,939 Mil (TTM As of Jun. 2024)


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What is Alkami Technology Gross Profit?

Alkami Technology's gross profit for the three months ended in Jun. 2024 was MXN893 Mil. Alkami Technology's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was MXN2,939 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Alkami Technology's gross profit for the three months ended in Jun. 2024 was MXN893 Mil. Alkami Technology's Revenue for the three months ended in Jun. 2024 was MXN1,505 Mil. Therefore, Alkami Technology's Gross Margin % for the quarter that ended in Jun. 2024 was 59.36%.

Alkami Technology had a gross margin of 59.36% for the quarter that ended in Jun. 2024 => Durable competitive advantage

During the past 5 years, the highest Gross Margin % of Alkami Technology was 56.94%. The lowest was 41.39%. And the median was 53.03%.


Alkami Technology Gross Profit Historical Data

The historical data trend for Alkami Technology's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Alkami Technology Gross Profit Chart

Alkami Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
574.00 1,176.73 1,719.22 2,111.89 2,446.18

Alkami Technology Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 608.16 636.66 678.10 730.77 893.49

Competitive Comparison of Alkami Technology's Gross Profit

For the Software - Application subindustry, Alkami Technology's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Alkami Technology's Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, Alkami Technology's Gross Profit distribution charts can be found below:

* The bar in red indicates where Alkami Technology's Gross Profit falls into.



Alkami Technology Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Alkami Technology's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=4495.307 - 2049.131
=2,446

Alkami Technology's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=1505.18 - 611.69
=893

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN2,939 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Alkami Technology's Gross Margin % for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=893 / 1505.18
=59.36 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Alkami Technology  (MEX:ALKT) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Alkami Technology had a gross margin of 59.36% for the quarter that ended in Jun. 2024 => Durable competitive advantage


Alkami Technology Gross Profit Related Terms

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Alkami Technology Business Description

Traded in Other Exchanges
Address
5601 Granite Parkway, Suite 120, Plano, TX, USA, 75024
Alkami is a cloud-based digital banking solutions provider. Alkami Platform, allows FIs to onboard and engage new users, accelerate revenues and meaningfully improve operational efficiency with the support of a proprietary, true cloud-based, multi-tenant architecture.