Slide 1: Alkami Technology First Quarter 2026
Alkami Technology First Quarter 2026 Alkami Technology, Inc. Proprietary Information.
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements 2 This presentation contains “forward-looking” statements relating to Alkami Technology, Inc.’s strategy, goals, future focus areas, and expected, possible or assumed future results, including its future cash flows and its financial outlook.
Slide 3: Alkami Technology, Inc. Financial Institutions
3 Alkami Technology, Inc. Financial Institutions Who We Are • Cloud-based digital sales and service platform provider serving U.S. financial institutions What We Do • Empower financial institutions to grow, drive user engagement © Alkami Technology, Inc. and improve operational efficiency • Leverage
Slide 4: Alkami's Addressable Market: User Characteristics
Alkami’s Addressable Market: User Characteristics 4 250M+ digital users, excluding megabanks Legacy Providers: 200M+ User Growth: 4-6% Total market digital users growing 4-6%, driven by: © Alkami Technology, Inc. ● Increasing number of accounts per customer ● Ease of new account opening via digital
Slide 5: Large, Fast-Growing Addressable Market
Large, Fast-Growing Addressable Market 5 Approximately $14 billion TAM Alkami Today 250M digital users x $35 RPU Core Platform Existing client digital penetration of <80% expected to converge to near 100% © Alkami Technology, Inc. ACH Fraud Prevention - Acquired in 2020 Alert Segmint Managed Marketi
Slide 6: Go-To-Market Cadence
Go-To-Market Cadence 6 Highly targeted annual renewal class allows us to focus sales resources Over 9,000 FIs in the United © Alkami Technology, Inc. 9,000+ States • Sales team drives outbound FIs lead generation, cross selling v and account management • Client success team supports 2,500 We focus o
Slide 7: Alkami's Digital Sales & Service Platform
Alkami’s Digital Sales & Service Platform 7 Onboarding & Account Opening ● Seamless omnichannel handoff ● Faster onboarding ● One platform for all deposit types © Alkami Technology, Inc. Digital Banking ● Award -winning user experience ● Built for both retail and business ● Customizable without cust
Slide 8: Alkami's Digital Sales & Service Platform
Alkami’s Digital Sales & Service Platform 8 Onboarding & Admin, Risk & Account Opening Reporting Business & © Alkami Technology, Inc. Marketing Commercial Banking Data Insights Retail Banking Account Management Financial Analytics Payments & Receivables Extensibility Guard Sales Service
Slide 9: Multiple Levers Driving Growth
Multiple Levers Driving Growth 9 ● Clients driven by new logo wins, historically among credit unions with a © Alkami Technology, Inc. growing presence among banks ● Registered users grow as we add new logos and as clients add users ● RPU driven by product penetration at initial sale and add-on sales
Slide 10: How We Achieve Our Long-term Objectives
How We Achieve Our Long-term Objectives 10 Market Leadership Drive Add-On Sales © Alkami Technology, Inc. Maintain Strong Credit Scale and Continued Union Position Cost Discipline Grow Bank Continuous Product Mindshare and and Platform Capabilities Improvement
Slide 11: Financial Overview
Financial Overview Alkami Technology, Inc. Proprietary Information.
Slide 12: Q1 2026 Financial Performance
Q1 2026 Financial Performance 12 $M ● Q1’26 revenue growth of 28.9% driven by MANTL acquisition, new clients, existing client user growth and ARPU © Alkami Technology, Inc. growth ● Gross Margin reflects temporary 2026 database costs; full-year expectations remain at approximately 65% ● Adjusted EBI
Slide 13: Operating and Financial Highlights
Operating and Financial Highlights 13 Digital Banking Clients Registered Users Q1 2026 Highlights ● Signed 6 new digital banking platform clients 278 307 20.5M 23.0M ● Implemented 7 clients in, bringing digital platform Q1 2025 Q1 2026 Q1 2025 Q1 2026 client count to 307 © Alkami Technology, Inc. ●
Slide 14: Strong Historical Revenue Growth
Strong Historical Revenue Growth 14 $M © Alkami Technology, Inc.
Slide 15: Technology Demand and Product Expansion Drive ARR
Technology Demand and Product Expansion Drive ARR 15 Cohort ARR Expansion Via User Growth and Cross-Sell Success ARR Expansion Drivers © Alkami Technology, Inc. ● Long-term contracts ● Escalating contract minimums ● Gross client retention ● Growth in digital user adoption ● Product cross-sell As of
Slide 16: Gross Margin Expansion Driven by Scale and Efficiency
Gross Margin Expansion Driven by Scale and Efficiency 16 $M © Alkami Technology, Inc.
Slide 17: Best-in-Class GTM Efficiency
Best-in-Class GTM Efficiency 17 ● Long-term contract structure reduces annual GTM motion ● Alkami models annual client retention of © Alkami Technology, Inc. 97% - 98% ● 2026E reflects continued growth in S&M spend related to bank market expansion and DSSP ● Historical high sales team productivity a
Slide 18: Financial Guidance and Long-Term Profile
Financial Guidance and Long-Term Profile 18 2026 Guidance 2030 Financial Framework ● Gross margin approaching 70% in 2030 © Alkami Technology, Inc. ● Adjusted EBITDA margin expansion of approximately 300 basis points annually from 2026 to 2030 ● Rule of 45 in 2030 $ millions; 2026E reflects midpoint
Slide 19: Selected Historical Data
Selected Historical Data 19 2023 2024 2025 Q1’25 Q1’26 Digital banking platform clients 236 272 301 278 307 Growth % 19% 15% 11% 14% 10% Digital banking platform © Alkami Technology, Inc. users (M) 17.5 20.0 22.4 20.5 23.0 Growth % 20% 14% 12% 13% 12% Live ARR ($M) $ 291.0 $ 355.9 $ 480.3 $ 403.9 $
Slide 20: Non-GAAP Reconciliations
Non-GAAP Reconciliations 20 ($000s) © Alkami Technology, Inc.
Slide 21: Non-GAAP Reconciliations
Non-GAAP Reconciliations 21 ($000s) © Alkami Technology, Inc.
Slide 22: Non-GAAP Reconciliations
Non-GAAP Reconciliations 22 ($000s) © Alkami Technology, Inc.