Alkami Technology (MEX:ALKT) Operating Income: MXN-789 Mil (TTM As of Mar. 2026)

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MEX:ALKT Alkami Technology Inc MEX:ALKT
67 GF Score
Price MXN280.43
GF Value MXN593.16
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Alkami Technology Operating Income?

Alkami Technology MEX:ALKT 67 Operating Income is MXN-789 Mil as of Mar. 2026. GuruFocus rates MEX:ALKT with a GF Score™ of 67/100 and a GF Value™ of MXN593.16 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Alkami Technology's Operating Income for the three months ended in Mar. 2026 was MXN-103 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN-789 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Alkami Technology's Operating Income for the three months ended in Mar. 2026 was MXN-103 Mil. Alkami Technology's Revenue for the three months ended in Mar. 2026 was MXN2,275 Mil. Therefore, Alkami Technology's Operating Margin % for the quarter that ended in Mar. 2026 was -4.52%.

Good Sign:

Alkami Technology Inc operating margin is expanding. Margin expansion is usually a good sign.

Alkami Technology's 5-Year average Growth Rate for Operating Margin % was 19.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Alkami Technology's annualized ROC % for the quarter that ended in Mar. 2026 was -3.22%. Alkami Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -48.83%.

Alkami Technology  (MEX:ALKT) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Alkami Technology's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-411.508 * ( 1 - 0% )/( (12600.118 + 12920.123)/ 2 )
=-411.508/12760.1205
=-3.22 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=15254.915 - 896.198 - ( 1784.221 - max(0, 1612.356 - 3370.955+1784.221))
=12600.118

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=14955.221 - 634.931 - ( 1400.167 - max(0, 1330.092 - 3057.192+1400.167))
=12920.123

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Alkami Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-356.544/( ( (399.33 + max(-129.731, 0)) + (823.409 + max(237.725, 0)) )/ 2 )
=-356.544/( ( 399.33 + 1061.134 )/ 2 )
=-356.544/730.232
=-48.83 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(794.7 + 0 + 659.548) - (896.198 + 626.058 + 61.723)
=-129.731

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(799.029 + 0 + 729.513) - (634.931 + 613.184 + 42.702)
=237.725

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Alkami Technology's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-102.877/2274.609
=-4.52 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Alkami Technology Operating Income Related Terms

Alkami Technology Operating Income Historical Data

* Premium members only.

The historical data trend for Alkami Technology's Operating Income 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.

Alkami Technology Operating Income Chart

Alkami Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial -819.19 -1,368.97 -1,076.88 -926.64 -873.60

Alkami Technology Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income 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 Premium Member Only -314.97 -289.03 -231.76 -165.13 -102.88
MEX:ALKT
67GF Score
Alkami Technology Inc MEX:ALKT
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Alkami Technology Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-789 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of MXN-789 Mil mean?
Alkami Technology (MEX:ALKT) has a Operating Income of MXN-789 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Alkami Technology and its competitors.
Is Alkami Technology's Operating Income too high?
Alkami Technology's current Operating Income is MXN-789 Mil. Overall, Alkami Technology has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alkami Technology's Operating Income compare to NCNO and WRD?
Alkami Technology's Operating Income of MXN-789 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Software company?
A good Operating Income depends on the Software industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Alkami Technology and its competitors. Alkami Technology's current Operating Income is MXN-789 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alkami Technology stock overvalued right now?
Based on GuruFocus' analysis, Alkami Technology (MEX:ALKT) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN593.16, compared to a current price of MXN280.43 — trading 52.7% below its estimated fair value. The current Operating Income is MXN-789 Mil. Alkami Technology's overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Alkami Technology (MEX:ALKT), the current Operating Income is MXN-789 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Alkami Technology (MEX:ALKT) Overvalued in 2026?

Based on GuruFocus' analysis, Alkami Technology stock appears to be undervalued. The current stock price of MXN280.43 is trading 52.7% below its estimated GF Value™ of MXN593.16. GuruFocus considers Alkami Technology to be Significantly Undervalued.

Key valuation signals for MEX:ALKT:

  • Operating Income: MXN-789 Mil
  • GF Value™: MXN593.16 vs. price of MXN280.43 (52.7% below fair value)
  • GF Score™: 67/100 with 3 warning signs

No single metric tells the full story. See the MEX:ALKT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Alkami Technology Business Description

Other Exchanges ALKT:USA9J3:Germany
Address 5601 Granite Parkway, Suite 120, Plano, TX, USA, 75204
Alkami Technology Inc is a cloud-based digital banking solutions provider. The company offers the Alkami Digital Sales & Service Platform, which includes a digital banking platform, onboarding and account opening solutions, and data and marketing tools. The platform enables financial institutions to onboard and engage users, support revenue growth, and improve operational efficiency through a cloud-based, multi-tenant architecture. The company provides services to clients under software-as-a-service arrangements. It derives substantially all of its revenues from SaaS subscription services charged for the use of digital sales and service solutions.
67GF Score

Get the complete analysis for MEX:ALKT

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN280.43
Price
MXN593.16
GF Value