{
  "id": 17032885,
  "title": "Citizens downgrades Alkami Technology stock rating on mixed results",
  "url": "https://urgent.news/2026/10/29/citizens-downgrades-alkami-technology-stock-rating-on-mixed-results",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T08:31:03.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/citizens-downgrades-alkami-technology-stock-rating-on-mixed-results-93CH-4981826"
  },
  "original_language": "en",
  "account": "Citizens has downgraded Alkami Technology Inc (NASDAQ:ALKT) stock rating to Market Perform from Market Outperform in response to the company's third-quarter results. With a market capitalization of $1.65 billion, Alkami's stock has plummeted 33% year-to-date, trading at $15.53, far below its 52-week high of $24.46. The firm reported revenue of $134.9 million for Q3 2026, a 19% increase year-over-year, though it included approximately $800,000 of one-time revenue. Annual recurring revenue stood at $533.2 million, also up 19% year-over-year. Adjusted EBITDA was $26.3 million, corresponding to a 19.5% margin. Despite not being profitable over the last year, analysts anticipate profitability for the current year. The company anticipates Q4 2026 revenue between $139.7 million and $141.2 million, with adjusted EBITDA at $30.0 million to $31.0 million, translating to a 21.7% margin. Full-year 2026 forecasts project revenue of $530.5 million to $532.0 million, up 20% year-over-year, and adjusted EBITDA of $98.0 million to $99.0 million, representing an 18.5% margin. Management stated they will disclose 2027 guidance during the fourth-quarter earnings call, expected in late February. While Alkami's revenue exceeded expectations, the company posted a loss of $0.06 per share, contrary to forecasts of a $0.20 per share profit. Investors are more concerned with the earnings shortfall and margin pressures, highlighting ongoing scrutiny of Alkami's financial health and future prospects.",
  "summary": null,
  "key_points": [
    "Citizens downgrades Alkami Technology stock rating to Market Perform.",
    "Alkami's stock plummeted 33% year-to-date, trading at $15.53.",
    "Revenue increased 19% year-over-year, but Alkami posted a loss."
  ],
  "editors_take": "The downgrade signals that investors are prioritizing immediate earnings stability and margin performance over top-line revenue growth as the company struggles to meet profitability expectations.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}