ALKAMI TECHNOLOGY INC
For the period ended Mar 31, 2025. Filed May 1, 2025.
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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.
Mar 31, 2025 · Filed May 1, 2025
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)
| Three months ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(7,816) | $(11,433) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization expense | 3,430 | 2,562 |
| Accrued interest on marketable securities, net | (279) | (294) |
| Stock-based compensation expense | 16,093 | 13,552 |
| Amortization of discount and debt issuance costs | 192 | 32 |
| Loss on impairment of intangible assets | 1,655 | — |
| Gain on financial instruments | — | (112) |
| Deferred taxes | (8,312) | 25 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (6,572) | (218) |
| Prepaid expenses and other current assets | (5,416) | (1,633) |
| Accounts payable and accrued liabilities | (2,002) | (3,873) |
| Deferred costs | (158) | (1,311) |
| Deferred revenues | 3,521 | 3,654 |
| Net cash (used in) provided by operating activities | (5,664) | 951 |
| Cash flows from investing activities: | ||
| Purchase of marketable securities | (21,883) | (7,149) |
| Proceeds from sales, maturities and redemptions of marketable securities | 9,900 | 15,626 |
| Purchases of property and equipment | (485) | (306) |
| Capitalized software development costs(1) | (1,446) | (1,363) |
| Acquisition of business, net of cash acquired | (375,499) | — |
| Net cash (used in) provided by investing activities | (389,413) | 6,808 |
| Cash flows from financing activities: | ||
| Debt issuance costs paid | (779) | — |
| Proceeds from issuance of convertible senior notes | 335,513 | — |
| Proceeds from borrowing under revolving loan | 60,000 | — |
| Purchase of capped call transaction | (33,879) | — |
| Payments for taxes related to net settlement of equity awards | — | (5,678) |
| Proceeds from stock option exercises | 1,523 | 1,171 |
| Net cash provided by (used in) financing activities | 362,378 | (4,507) |
| Net (decrease) increase in cash and cash equivalents | (32,699) | 3,252 |
| Cash and cash equivalents, beginning of period | 94,359 | 40,927 |
| Cash and cash equivalents, end of period | $61,660 | $44,179 |
| Supplemental information and non-cash activities | ||
| Accrued but unpaid debt issuance costs | $1,119 | $— |
(1)See Note 3 for additional information regarding non-cash investing activities for the three months ended March 31, 2025 and 2024 related to capitalized software development costs.
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