Alkami Technology (ALKT) Cost of Revenue (2020 - 2026)
Alkami Technology's Cost of Revenue came in at $56.03 million for Q2 2026, up 20.6% from $46.44 million a year earlier and up 7.2% from the prior quarter.
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Analysis
Alkami Technology (ALKT) Cost of Revenue (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Alkami Technology reported Cost of Revenue of $208.82 million, up 32.0% year-over-year; for FY2025, it was $187.04 million, up 36.3% from FY2024.
- Cost of Revenue has increased in each of the last six years, with a five-year compound annual growth rate of 28.7% (FY2020 to FY2025).
- Going back by year, Cost of Revenue was $137.22 million in FY2024 (+13.7%), $120.72 million in FY2023 (+25.8%), $95.95 million in FY2022 (+40.4%) and $68.35 million in FY2021 (+29.0%).
- The Q2 2026 figure represents the highest quarterly Cost of Revenue in data going back to Q1 2020.
- Year-over-year, Cost of Revenue has increased for 22 consecutive quarters, with growth averaging 28.1% over the last eight quarters.
- Across the past five years, year-over-year growth in Cost of Revenue ran from 10.2% in Q2 2024 to 48.6% in Q3 2022.
- Business Quant data shows ALKT's Cost of Revenue at $52.27 million (Q1 2026), $51.71 million (Q4 2025) and $48.81 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.27 Bn | 5.08 Bn | - | - |
| 2 | PayPal Holdings | 45.51 Bn | 3.74 Bn | - | - |
| 3 | Block | 44.67 Bn | 15.93 Bn | 3.17 Bn | 3.45 Bn |
| 4 | Iren | 31.78 Bn | 19.37 Bn | 103.89 Mn | 33.34 Mn |
| 5 | Corpay | 25.91 Bn | 16.11 Bn | - | - |
| 6 | Fiserv | 23.59 Bn | 20.29 Bn | 2.90 Bn | 2.40 Bn |
| 7 | Global Payments | 20.83 Bn | -735.18 Mn | 2.03 Bn | 1.29 Bn |
| 8 | Bitmine Immersion Technologies | 15.23 Bn | 12.61 Bn | 40.81 Mn | 5.73 Mn |
| 9 | Guidewire Software | 12.47 Bn | 9.03 Bn | 269.68 Mn | 141.41 Mn |
| 10 | Alkami Technology | 1.49 Bn | 1.14 Bn | 73.81 Mn | 56.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 56.03 Mn |
| Mar 31, 2026 | 52.27 Mn |
| Dec 31, 2025 | 51.71 Mn |
| Sep 30, 2025 | 48.81 Mn |
| Jun 30, 2025 | 46.44 Mn |
| Mar 31, 2025 | 40.08 Mn |
| Dec 31, 2024 | 36.45 Mn |
| Sep 30, 2024 | 35.29 Mn |
| Jun 30, 2024 | 33.39 Mn |
| Mar 31, 2024 | 32.10 Mn |
| Dec 31, 2023 | 31.42 Mn |
| Sep 30, 2023 | 31.15 Mn |
| Jun 30, 2023 | 30.29 Mn |
| Mar 31, 2023 | 27.86 Mn |
| Dec 31, 2022 | 26.87 Mn |
| Sep 30, 2022 | 25.84 Mn |
| Jun 30, 2022 | 23.26 Mn |
| Mar 31, 2022 | 19.98 Mn |
| Dec 31, 2021 | 19.29 Mn |
| Sep 30, 2021 | 17.39 Mn |
API Access
Alkami Technology Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ALKT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "ALKT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ALKT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();