Alkami Technology (ALKT) Research & Development (2020 - 2026)
Alkami Technology (ALKT) recorded Research & Development of $31.4 million in Q2 2026, up 3.9% from $30.23 million a year earlier and up 1.3% from the prior quarter.
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Analysis
Alkami Technology (ALKT) Research & Development (2020 - 2026) Analysis & Trends
On a TTM basis, Alkami Technology's Research & Development came in at $123.68 million as of Jun 30, 2026, up 16.0% year-over-year; for FY2025, it came in at $118.4 million, up 23.1% from FY2024.
- Annual Research & Development has increased for six straight years, with a five-year compound annual growth rate of 24.1% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $96.21 million in FY2024 (+13.6%), $84.66 million in FY2023 (+22.1%), $69.33 million in FY2022 (+42.1%) and $48.8 million in FY2021 (+21.4%).
- The Q2 2026 figure is the highest quarterly Research & Development in data going back to Q1 2020.
- On a year-over-year basis, Research & Development has increased for 22 consecutive quarters, with growth averaging 17.5% over the last eight quarters.
- Across the past five years, year-over-year growth in Research & Development ran from 3.9% in Q2 2026 to 57.8% in Q4 2022.
- Per Business Quant, the preceding three quarters came in at $31 million (Q1 2026), $31.19 million (Q4 2025) and $30.09 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | 472.85 Mn |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 849.00 Mn |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 608.66 Mn |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | - |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | - |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | - |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | - |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 90.59 Mn |
| 10 | Alkami Technology | 1.43 Bn | 1.08 Bn | 73.81 Mn | 31.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.40 Mn |
| Mar 31, 2026 | 31.00 Mn |
| Dec 31, 2025 | 31.19 Mn |
| Sep 30, 2025 | 30.09 Mn |
| Jun 30, 2025 | 30.23 Mn |
| Mar 31, 2025 | 26.89 Mn |
| Dec 31, 2024 | 25.35 Mn |
| Sep 30, 2024 | 24.13 Mn |
| Jun 30, 2024 | 23.91 Mn |
| Mar 31, 2024 | 22.82 Mn |
| Dec 31, 2023 | 21.49 Mn |
| Sep 30, 2023 | 21.76 Mn |
| Jun 30, 2023 | 20.87 Mn |
| Mar 31, 2023 | 20.55 Mn |
| Dec 31, 2022 | 20.36 Mn |
| Sep 30, 2022 | 18.22 Mn |
| Jun 30, 2022 | 16.60 Mn |
| Mar 31, 2022 | 14.16 Mn |
| Dec 31, 2021 | 12.90 Mn |
| Sep 30, 2021 | 12.88 Mn |
API Access
Alkami Technology Research & Development 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=research-and-development&ticker=ALKT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=ALKT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();