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Side-by-side financial comparison of ALKAMI TECHNOLOGY, INC. (ALKT) and Douglas Elliman Inc. (DOUG). Click either name above to swap in a different company.

Douglas Elliman Inc. is the larger business by last-quarter revenue ($245.4M vs $126.1M, roughly 1.9× ALKAMI TECHNOLOGY, INC.). Douglas Elliman Inc. runs the higher net margin — 27.9% vs -7.9%, a 35.8% gap on every dollar of revenue. On growth, ALKAMI TECHNOLOGY, INC. posted the faster year-over-year revenue change (28.9% vs 0.9%). ALKAMI TECHNOLOGY, INC. produced more free cash flow last quarter ($-7.4M vs $-14.7M). Over the past eight quarters, ALKAMI TECHNOLOGY, INC.'s revenue compounded faster (23.9% CAGR vs 10.7%).

Alkami Technology, Inc. delivers cloud-native digital banking platforms and supporting solutions for US financial institutions. Its offerings include online and mobile banking interfaces, payment processing tools, data analytics modules, and customer engagement functionalities, primarily serving community banks and credit unions to enhance their customers' digital banking experiences.

Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.

ALKT vs DOUG — Head-to-Head

Bigger by revenue
DOUG
DOUG
1.9× larger
DOUG
$245.4M
$126.1M
ALKT
Growing faster (revenue YoY)
ALKT
ALKT
+28.1% gap
ALKT
28.9%
0.9%
DOUG
Higher net margin
DOUG
DOUG
35.8% more per $
DOUG
27.9%
-7.9%
ALKT
More free cash flow
ALKT
ALKT
$7.3M more FCF
ALKT
$-7.4M
$-14.7M
DOUG
Faster 2-yr revenue CAGR
ALKT
ALKT
Annualised
ALKT
23.9%
10.7%
DOUG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ALKT
ALKT
DOUG
DOUG
Revenue
$126.1M
$245.4M
Net Profit
$-10.0M
$68.6M
Gross Margin
58.6%
Operating Margin
36.9%
27.3%
Net Margin
-7.9%
27.9%
Revenue YoY
28.9%
0.9%
Net Profit YoY
-27.5%
1243.4%
EPS (diluted)
$0.80

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALKT
ALKT
DOUG
DOUG
Q1 26
$126.1M
Q4 25
$120.8M
$245.4M
Q3 25
$113.0M
$262.8M
Q2 25
$112.1M
$271.4M
Q1 25
$97.8M
$253.4M
Q4 24
$89.7M
$243.3M
Q3 24
$85.9M
$266.3M
Q2 24
$82.2M
$285.8M
Net Profit
ALKT
ALKT
DOUG
DOUG
Q1 26
$-10.0M
Q4 25
$68.6M
Q3 25
$-14.8M
$-24.7M
Q2 25
$-13.6M
$-22.7M
Q1 25
$-6.0M
Q4 24
$-6.0M
Q3 24
$-9.4M
$-27.2M
Q2 24
$-12.3M
$-1.7M
Gross Margin
ALKT
ALKT
DOUG
DOUG
Q1 26
58.6%
Q4 25
57.2%
Q3 25
56.8%
Q2 25
58.6%
Q1 25
59.0%
Q4 24
59.3%
Q3 24
58.9%
Q2 24
59.4%
Operating Margin
ALKT
ALKT
DOUG
DOUG
Q1 26
36.9%
Q4 25
-7.9%
27.3%
Q3 25
-11.4%
-4.1%
Q2 25
-14.2%
-2.0%
Q1 25
-15.7%
-2.1%
Q4 24
-9.6%
-6.7%
Q3 24
-12.1%
-2.8%
Q2 24
-16.1%
-1.3%
Net Margin
ALKT
ALKT
DOUG
DOUG
Q1 26
-7.9%
Q4 25
27.9%
Q3 25
-13.1%
-9.4%
Q2 25
-12.1%
-8.4%
Q1 25
-2.4%
Q4 24
-2.5%
Q3 24
-11.0%
-10.2%
Q2 24
-15.0%
-0.6%
EPS (diluted)
ALKT
ALKT
DOUG
DOUG
Q1 26
Q4 25
$-0.11
$0.80
Q3 25
$-0.14
$-0.29
Q2 25
$-0.13
$-0.27
Q1 25
$-0.08
$-0.07
Q4 24
$-0.07
$-0.06
Q3 24
$-0.09
$-0.33
Q2 24
$-0.13
$-0.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALKT
ALKT
DOUG
DOUG
Cash + ST InvestmentsLiquidity on hand
$40.4M
$115.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$370.7M
$183.9M
Total Assets
$829.3M
$444.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALKT
ALKT
DOUG
DOUG
Q1 26
$40.4M
Q4 25
$63.5M
$115.5M
Q3 25
$57.3M
$143.0M
Q2 25
$52.4M
$136.3M
Q1 25
$61.7M
$136.8M
Q4 24
$94.4M
$145.5M
Q3 24
$81.0M
$151.4M
Q2 24
$61.4M
$92.9M
Stockholders' Equity
ALKT
ALKT
DOUG
DOUG
Q1 26
$370.7M
Q4 25
$362.0M
$183.9M
Q3 25
$350.1M
$115.1M
Q2 25
$344.0M
$137.6M
Q1 25
$334.0M
$158.2M
Q4 24
$357.0M
$162.2M
Q3 24
$338.5M
$173.6M
Q2 24
$327.2M
$196.9M
Total Assets
ALKT
ALKT
DOUG
DOUG
Q1 26
$829.3M
Q4 25
$847.2M
$444.4M
Q3 25
$835.2M
$480.6M
Q2 25
$840.4M
$489.0M
Q1 25
$837.2M
$493.9M
Q4 24
$437.3M
$493.9M
Q3 24
$422.2M
$502.7M
Q2 24
$403.9M
$463.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALKT
ALKT
DOUG
DOUG
Operating Cash FlowLast quarter
$-4.8M
$-14.4M
Free Cash FlowOCF − Capex
$-7.4M
$-14.7M
FCF MarginFCF / Revenue
-5.8%
-6.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
-0.21×
TTM Free Cash FlowTrailing 4 quarters
$40.1M
$-17.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALKT
ALKT
DOUG
DOUG
Q1 26
$-4.8M
Q4 25
$16.6M
$-14.4M
Q3 25
$30.8M
$5.5M
Q2 25
$1.2M
$642.0K
Q1 25
$-5.7M
$-5.6M
Q4 24
$6.1M
$-9.0M
Q3 24
$11.0M
$9.0M
Q2 24
$548.0K
$1.3M
Free Cash Flow
ALKT
ALKT
DOUG
DOUG
Q1 26
$-7.4M
Q4 25
$16.2M
$-14.7M
Q3 25
$30.5M
$4.7M
Q2 25
$760.0K
$-575.0K
Q1 25
$-6.1M
$-6.7M
Q4 24
$6.0M
$-10.2M
Q3 24
$10.7M
$7.7M
Q2 24
$123.0K
$432.0K
FCF Margin
ALKT
ALKT
DOUG
DOUG
Q1 26
-5.8%
Q4 25
13.4%
-6.0%
Q3 25
27.0%
1.8%
Q2 25
0.7%
-0.2%
Q1 25
-6.3%
-2.6%
Q4 24
6.6%
-4.2%
Q3 24
12.4%
2.9%
Q2 24
0.1%
0.2%
Capex Intensity
ALKT
ALKT
DOUG
DOUG
Q1 26
Q4 25
0.3%
0.1%
Q3 25
0.2%
0.3%
Q2 25
0.4%
0.4%
Q1 25
0.5%
0.4%
Q4 24
0.2%
0.5%
Q3 24
0.4%
0.5%
Q2 24
0.5%
0.3%
Cash Conversion
ALKT
ALKT
DOUG
DOUG
Q1 26
Q4 25
-0.21×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALKT
ALKT

Segment breakdown not available.

DOUG
DOUG

Commissions And Other Brokerage Income$240.3M98%
Property Management Income$2.8M1%
Property Management$2.2M1%

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