Alkami Technology's gross profit for the
three
months ended in Mar. 2024 was $44.0 Mil. Alkami Technology's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $156.0 Mil.
Alkami Technology had a gross margin of 57.84% for the quarter that ended in Mar. 2024 => Durable competitive advantage
During the past 5 years, the highestGross Margin % of Alkami Technology was 55.53%. The lowest was 41.39%. And the median was 53.03%.
Alkami Technology Gross Profit Historical Data
The historical data trend for Alkami Technology's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Alkami Technology's Gross Profit
For the Software - Application subindustry, Alkami Technology's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Alkami Technology's Gross Profit Distribution in the Software Industry
For the Software industry and Technology sector, Alkami Technology's Gross Profit distribution charts can be found below:
* The bar in red indicates where Alkami Technology's Gross Profit falls into.
Alkami Technology Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Alkami Technology's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $156.0 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Alkami Technology had a gross margin of 57.84% for the quarter that ended in Mar. 2024 => Durable competitive advantage
Alkami Technology Gross Profit Related Terms
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Alkami Technology (Alkami Technology) Business Description
Alkami is a cloud-based digital banking solutions provider. Alkami Platform, allows FIs to onboard and engage new users, accelerate revenues and meaningfully improve operational efficiency with the support of a proprietary, true cloud-based, multi-tenant architecture.
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