Alkami Technology (ALKT) Cost of Revenue (2020 - 2026)
Alkami Technology (ALKT) recorded quarterly Cost of Revenue of $20.0 million in Q1 2026, up 136.16% quarter-over-quarter from -$55.2 million in Q4 2025, and down 50.21% on a YoY basis from $40.1 million in Q1 2025.
Alkami Technology (ALKT) Cost of Revenue (2020 - 2026) Analysis & Trends
Alkami Technology's Cost of Revenue history runs 7 years deep, the most recent figure standing at $20.0 million for Q1 2026.
- In Q1 2026, Cost of Revenue fell 50.21% year-over-year to $20.0 million; the TTM figure through Mar 2026 stood at $36.6 million (down 81.78% YoY), while the FY2025 annual figure was $80.1 million, down 41.6% from the prior year.
- Cost of Revenue was $20.0 million for Q1 2026 at Alkami Technology, up from -$55.2 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $92.0 million in Q4 2024 to a low of -$55.2 million in Q4 2025.
- Historically, Cost of Revenue has averaged $28.6 million across 5 years, with a median of $23.0 million in 2025.
- The sharpest annual moves came in 2022 and 2025: Cost of Revenue surged 978.59% in 2022, then sank 159.98% in 2025.
- A 5-year view of Cost of Revenue shows it stood at $68.1 million in 2022, then grew by 23.34% to $84.0 million in 2023, then advanced by 9.5% to $92.0 million in 2024, then tumbled by 159.98% to -$55.2 million in 2025, then jumped by 136.16% to $20.0 million in 2026.
- The last three Cost of Revenue figures came in at $20.0 million (Q1 2026), -$55.2 million (Q4 2025), and $48.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 3.02 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | 55.33 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 1.33 Bn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 1.62 Bn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 3.77 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 211.49 Mn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 940.00 Mn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 3.07 Bn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 715.00 Mn |
| 10 | Alkami Technology | 1.66 Bn | 1.61 Bn | 73.87 Mn | 19.96 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.96 Mn |
| Mar 31, 2026 | 19.96 Mn |
| Dec 31, 2025 | -55.19 Mn |
| Dec 31, 2025 | -55.19 Mn |
| Sep 30, 2025 | 48.81 Mn |
| Sep 30, 2025 | 48.81 Mn |
| Jun 30, 2025 | 22.99 Mn |
| Jun 30, 2025 | 22.99 Mn |
| Mar 31, 2025 | 40.08 Mn |
| Mar 31, 2025 | 40.08 Mn |
| Dec 31, 2024 | 92.01 Mn |
| Dec 31, 2024 | 92.01 Mn |
| Sep 30, 2024 | 35.29 Mn |
| Sep 30, 2024 | 35.29 Mn |
| Jun 30, 2024 | 33.39 Mn |
| Jun 30, 2024 | 33.39 Mn |
| Mar 31, 2024 | 32.10 Mn |
| Mar 31, 2024 | 32.10 Mn |
| Dec 31, 2023 | 84.03 Mn |
| Dec 31, 2023 | 84.03 Mn |