cust.co / Compare / Alkami vs Morningstar

Alkami vs Morningstar - NRR head-to-head

Side-by-side Net Revenue Retention comparison sourced from SEC filings and earnings releases. Both compete in Fintech SaaS. Both at Public stage.

Alkami leads by +14pp on latest NRR (115% vs 101%).

NRR over time

97%106%114%122%131% FY-2025FY-2021 NRR Alkami Morningstar Alkami - FY-2025: 115% Morningstar - FY-2025: 101% Morningstar - FY-2021: 127%

Morningstar hit a higher all-time peak (127% in FY-2021).

Stat-by-stat

Metric Alkami Morningstar
Latest NRR 115% 101%
All-time peak NRR 115% 127%
All-time low NRR 115% 101%
QoQ change - -26pp
YoY change - -
3-year change - -
Disclosures tracked 1 2

Customer cohorts

MetricAlkamiMorningstar
Total customers 1,000 100,000
Over $100K ARR - -
Over $1M ARR - -
Top-10 concentration - -
Average ACV - -
US revenue mix 100% 71.8%

Commercial structure

MetricAlkamiMorningstar
Total RPO $1.7B $1.5B
Current RPO (12mo) $853M $1.1B
Multi-year contracts - -
Avg contract length 70 mo -
Subscription rev mix 95.8% 70.3%
New customers added 6 3,100

Post-sales motion

MetricAlkamiMorningstar
CS team size 40 900
Customers per CSM - -
Pricing model subscription subscription
Renewal cadence multi-year annual
CSM coverage model account-named hybrid
Top customer exec - Danny Dunn

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