Alkami TECHNOLOGY, Inc. (ALKT) intrinsic value & 10-year financials

Alkami TECHNOLOGY, Inc. (ALKT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 34.9% a year to $443.6M, with an average return on invested capital of -3.1%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$13.73
Market cap
$1.4B
Revenue (FY2025)
$443.6M
Revenue growth (8-yr CAGR)
34.9%
ROIC (10-yr avg)
-3.1%
Free cash flow (FY2025)
$41.4M

ALKT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $443.6M -$47.7M -$0.46 $41.4M -12.1% -14.6%
FY2024 $333.8M -$40.8M -$0.41 $17.4M -13.4% -15.3%
FY2023 $264.8M -$62.9M -$0.67 -$18.6M -24.1% -20.3%
FY2022 $204.3M -$58.6M -$0.64 -$38.8M -28.2% -29.6%
FY2021 $152.2M -$46.8M -$0.73 -$30.1M -28.2% 24.9%
FY2020 $112.1M -$51.4M -$0.91 -$40.3M -31.3% 8.7%
FY2019 $73.5M -$41.9M -$0.76 -$42.8M -57.8% 24.4%
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

ALKAMI TECHNOLOGY, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

ALKAMI TECHNOLOGY, INC. has historically struggled to out-earn its cost of capital, averaging just -7.7% ROIC.

ALKAMI TECHNOLOGY, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, ALKAMI TECHNOLOGY, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-15.28 per share.

ALKT stock: frequently asked questions

What is the intrinsic value of Alkami TECHNOLOGY, Inc. (ALKT) stock?

Graham's formula only works with positive earnings. Alkami TECHNOLOGY, Inc. reported diluted EPS of -$0.46 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Alkami TECHNOLOGY, Inc. generate free cash flow?

Alkami TECHNOLOGY, Inc. generated $41.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 2 of the last 7 reported years.

What is ALKT's return on invested capital?

Average ROIC over the last 8 fiscal years was -3.1%, and average return on equity was -18.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ALKT data come from?

From Alkami TECHNOLOGY, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 30, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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