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ALKAMI TECHNOLOGY INC

For the period ended Sep 30, 2024. Filed Oct 31, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Oct 31, 2024

ALKT$14.16-0.4%Stored close · as of Nov 10, 2026

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Unaudited Condensed Consolidated Statements of Cash Flows

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

Nine months ended September 30,
20242023
Cash flows from operating activities:
Net loss$(33,192)$(50,200)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization expense7,8547,841
Accrued interest on marketable securities, net(928)(2,059)
Stock-based compensation expense43,82237,914
Amortization of debt issuance costs161110
Gain on financial instruments—(430)
Gain on lease modification—(375)
Deferred taxes61118
Changes in operating assets and liabilities:
Accounts receivable(6,909)(5,020)
Prepaid expenses and other current assets(2,619)(2,631)
Accounts payable and accrued liabilities6,3165,223
Deferred costs(5,067)(3,959)
Deferred revenues2,9871,271
Net cash provided by (used in) operating activities12,486(12,197)
Cash flows from investing activities:
Purchase of marketable securities(30,721)(109,593)
Proceeds from sales, maturities and redemptions of marketable securities62,81297,852
Purchases of property and equipment(1,036)(774)
Capitalized software development costs(1)(5,009)(3,843)
Net cash provided by (used in) investing activities26,046(16,358)
Cash flows from financing activities:
Principal payments on debt—(2,125)
Debt issuance costs paid(363)(341)
Proceeds from ESPP issuances2,5982,407
Payment of holdback funds from acquisition—(1,000)
Payments for taxes related to net settlement of equity awards(12,820)(11,029)
Proceeds from stock option exercises12,0827,287
Net cash provided by (used in) financing activities1,497(4,801)
Net increase (decrease) in cash and cash equivalents and restricted cash40,029(33,356)
Cash and cash equivalents and restricted cash, beginning of period40,927112,337
Cash and cash equivalents and restricted cash, end of period$80,956$78,981

(1)See Note 3 for additional information regarding non-cash investing activities for thenine months ended September 30, 2024 and 2023 related to capitalized software development costs.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.