Alkami Technology, Inc. (ALKT) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+194.4%

$39.28

vs $13.34 price

Levered DCF

$99.91

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.53

Distress zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-50.15×	-89.46×	-36.19×	-22.8×	-38.58×	-64.18×	-86×
P/B	6.62×	10.16×	7.02×	3.97×	5.24×	20.1×	246.77×
P/S	5.4×	10.87×	8.61×	6.5×	11.86×	32.22×	49.14×
EV / EBITDA	-119.75×	-120.15×	-50.38×	-28.05×	-36.18×	-72.19×	-91.1×
Gross margin	57.8%	58.9%	54.4%	53.0%	55.1%	52.8%	41.4%
Operating margin	-12.1%	-13.4%	-24.1%	-34.4%	-28.2%	-31.3%	-57.8%
Net margin	-10.7%	-12.2%	-23.8%	-28.7%	-30.8%	-45.8%	-56.9%
Current ratio	2.09×	3.98×	3.77×	5.82×	10.4×	9.2×	1.54×
Debt / equity	1.02×	0.05×	0.06×	0.31×	0.07×	0.14×	0×
Interest coverage	-5.65×	-96.8×	-8.63×	-18.24×	-36.19×	-71.79×	-386.68×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.3%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	-10.6%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-13.2%	-11.4%	-19.4%	-17.5%	-13.6%	-28.6%	-285.9%
Return on invested capital	-5.7%	-11.4%	-17.6%	-15.3%	-10.6%	-15.3%	-124.0%
Return on assets	-5.6%	-9.3%	-15.7%	-12.0%	-10.7%	-20.6%	-79.4%
Free cash flow yield	1.7%	0.5%	-1.0%	-2.9%	-1.8%	-1.1%	-1.2%
Earnings yield	-2.0%	-1.1%	-2.8%	-4.4%	-2.6%	-1.4%	-1.2%
Enterprise value	$2.7B	$3.6B	$2.3B	$1.3B	$1.5B	$3.5B	$3.6B
Net debt / EBITDA	-13.52×	2.57×	0.48×	0.1×	6.76×	2.95×	0.3×
Cash conversion cycle (days)	31	26	26	31	30	43	78