TakeoverPE & activists

ALKTALKAMI TECHNOLOGY, INC.

Services-Prepackaged Software · $1.3B market cap · 1,225 employees

7.2×

More likely than average to be taken private

Top 1% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works

Takeover signals

What an activist or buyer would see: cheap, overpaid, diluted or under pressure.

6of 15 firedHow well they predict deals →
9 other checks
  • TSR below peersNo
    1 of 4 years
    3+ of last 5 years
  • High CEO pay despite TSRNo
    $6M median
    Median CEO pay ≥ $15M while TSR trails
  • Earnings not backed by cashNo
    —
    Cash flow under 80% of net income
  • Payouts exceed cash flowNo
    0% of cash flow
    Buybacks + dividends over cash flow
  • Low revenue per employeeNo
    $362K · 35th pct
    Bottom quartile of its SIC industry
  • Quiet on AINo
    8.6 per 10K words · 91st pct
    Bottom quartile of AI mentions in 10-Ks
  • Net cashNo
    —
    More cash than debt, positive EBITDA
  • AI-rollup shapedNo
    0 of 10
    10-K business scored 5+ of 10 as an AI-rollup target
  • Net insider sellingNo
    $253M net
    Net sales over $10M in 12 months

Key numbers

Revenue
$444MFY2021: $152MFY2022: $204MFY2023: $265MFY2024: $334MFY2025: $444M
33% YoY
Operating margin
-12.1%FY2021: -28.2%FY2022: -28.2%FY2023: -24.1%FY2024: -13.4%FY2025: -12.1%
9.6% YoY
EBITDA
−$27MFY2021: −$39MFY2022: −$50MFY2023: −$53MFY2024: −$34MFY2025: −$27M
22% YoY
Net debt / EBITDA
—
−$50M net debt

Financials

MetricFY2021FY2022FY2023FY2024FY2025YoYTrend
Revenue$152M$204M$265M$334M$444M 33% FY2021: $152MFY2022: $204MFY2023: $265MFY2024: $334MFY2025: $444M
Operating income−$43M−$58M−$64M−$45M−$54M 20% FY2021: −$43MFY2022: −$58MFY2023: −$64MFY2024: −$45MFY2025: −$54M
Net income−$47M−$59M−$63M−$41M−$48M 17% FY2021: −$47MFY2022: −$59MFY2023: −$63MFY2024: −$41MFY2025: −$48M
Operating cash flow−$29M−$38M−$18M$19M$43M 131% FY2021: −$29MFY2022: −$38MFY2023: −$18MFY2024: $19MFY2025: $43M
Capex$1M$1M$1M$1M$2M 29% FY2021: $1MFY2022: $1MFY2023: $1MFY2024: $1MFY2025: $2M
Stock-based comp$15M$45M$51M$59M$76M 28% FY2021: $15MFY2022: $45MFY2023: $51MFY2024: $59MFY2025: $76M
Buybacks$3M$0$0——FY2021: $3MFY2022: $0FY2023: $0
Dividends$5M$0$0——FY2021: $5MFY2022: $0FY2023: $0

13D filers

FiledFilerFormStakeIntent
Oct 30, 2026JANA Partners Management, LPSCHEDULE 13D/A5.0%Passive
Oct 16, 2026JANA Partners Management, LPSCHEDULE 13D/A6.3%Active
Jun 29, 2026JANA Partners Management, LPSCHEDULE 13D6.3%Active
May 15, 2026GENERAL ATLANTIC, L.P.SCHEDULE 13D/A18.1%Passive
May 12, 2026JANA Partners Management, LPSCHEDULE 13D/A5.0%Passive
May 7, 2026GENERAL ATLANTIC, L.P.SCHEDULE 13D/A16.3%Active
Apr 1, 2026JANA Partners Management, LPSCHEDULE 13D5.1%Passive
Mar 11, 2026GENERAL ATLANTIC, L.P.SCHEDULE 13D/A14.0%Passive
Aug 20, 2025GENERAL ATLANTIC, L.P.SCHEDULE 13D11.6%Passive

Insider trading

+$253Mnet buying by insiders, open market, last 12 months
Bought $255M · 21 tradesSold $2M · 7 trades

Pay vs performance

YearCEO total compComp actually paidTSR (indexed)Peer TSR
FY2026$7M−$652K115123
FY2025$8M$17M183117
FY2024$4M$11M121107
FY2023$998K−$5M7365