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BKKT

Bakkt, Inc.

Price Chart
Latest Quote

$9.01

+0.25 (+2.85%)
Current Price
Previous Close $8.76
Open $8.65
Day High $9.50
Day Low $8.65
Volume 1,487,277
Fetched: 2026-06-18T13:15:34
Stock Information
Shares Outstanding 44.71M
Total Debt $79K
Cash Equivalents $81.90M
Revenue $1.51B
Net Income $-95.15M
Sector Technology
Industry Software - Infrastructure
Market Cap $402.81M
EPS (TTM) $-8.37
Exchange NYQ
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📊 Comprehensive Analysis
Company Data
Enterprise Value$308.98M
Sales$1.51B
Income$-95.15M
Book/sh$5.56
Cash/sh$1.83
Employees48
Financial Ratios
Quick Ratio2.96
Current Ratio4.13
Debt/Eq0.05
Returns & Margins
ROA-37.38%
ROE-101.96%
Gross Margin-6.91%
Operating Margin-6.95%
Profit Margin-8.37%
Ownership
Insider Ownership40.10%
Institutional Ownership21.41%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E9.39
P/S0.27
P/B1.62
Analyst Data
Recommendationnone
Target Price$19.00
Technical Indicators
SMA20$9.64
SMA50$9.15
SMA200$14.52
RSI33.77
ATR0.8911
Shares Float31.84M
Short Float20.59%
Short Ratio2.17
Volatility5.86
Rel Volume0.75
Performance History
Week+17.32%
Month+3.33%
Quarter+0.90%
6 Months-15.64%
YTD-19.91%
Year-31.12%
3 Years-73.50%
5 Years-96.51%
10 Years-96.72%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-17 $9.01 1,615,200
2026-06-16 $8.76 1,419,700
2026-06-15 $8.96 1,842,600
2026-06-12 $8.43 2,135,600
2026-06-11 $8.35 1,496,600
2026-06-10 $7.68 1,237,700
2026-06-09 $7.70 2,197,100
2026-06-08 $8.11 1,499,600
2026-06-05 $7.83 3,075,600
2026-06-04 $9.18 1,659,900
2026-06-03 $8.92 1,927,700
2026-06-02 $9.80 1,877,700
2026-06-01 $10.50 1,923,700
2026-05-29 $10.87 1,432,200
2026-05-28 $11.00 1,895,100
2026-05-27 $11.49 1,819,400
2026-05-26 $11.81 2,852,700
2026-05-22 $11.88 3,406,100
2026-05-21 $12.32 4,813,300
2026-05-20 $10.18 2,680,700
2026-05-19 $9.68 6,971,300
2026-05-18 $8.72 2,429,000
About Bakkt, Inc.

Bakkt, Inc. engages in digital building financial infrastructure. The company offers Bakkt Market solutions which enables institutions to launch secure, compliant, and advanced digital asset brokerage, trading and payment capabilities through a plug-and-play platform; Bakkt Agent provides programmable access to Bakkt's financial infrastructure through an intelligent software layer that coordinates onboarding, account creation, funding, and global money movement; and Bakkt Global enables Bakkt to expand its technology and infrastructure into international markets through strategic investments in jurisdiction-specific entities operating in regulated financial markets. It also provides solutions that enable institutional participation in the digital asset economy. The company serves client, such as financial institutions, hedge funds, merchants, retailers, third party partners, and other businesses. It markets its products and services using various business-to-business channels, such as direct marketing, including email marketing and targeted digital advertisements; indirect marketing; and its website, blog, and social media platforms. The company offers its services in the United States, Latin America, Europe, and Asia. The company was formerly known as Bakkt Holdings, Inc. and changed its name to Bakkt, Inc. in January 2026. Bakkt, Inc. was founded in 2018 and is headquartered in New York, New York.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $2,308,390,000 $3,403,207,000 $716,913,000 $1,657,000
Cost Of Revenue $2,308,390,000 $3,403,207,000 $718,511,000 $1,657,000
Total Revenue $2,335,243,000 $3,441,056,000 $726,988,000 $56,224,000
Operating Revenue $2,335,243,000 $3,441,056,000 $726,988,000 $56,224,000
Expenses
Total Expenses $2,476,957,000 $3,514,576,000 $837,921,000 $233,543,000
Other Income Expense $43,539,000 $-25,099,000 $-46,703,000 $-1,825,812,000
Other Non Operating Income Expenses $19,469,000 $1,153,000 $179,000 $-856,000
Net Non Operating Interest Income Expense $791,000 $4,318,000 $4,338,000 $1,877,000
Total Other Finance Cost $-791,000 $-4,318,000 $-4,338,000 $-1,877,000
Operating Expense $168,567,000 $111,369,000 $119,410,000 $231,886,000
Other Operating Expenses $45,395,000 $24,654,000 $8,043,000 $3,511,000
General And Administrative Expense $122,565,000 $86,372,000 $99,033,000 $203,025,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-72,638,000 $-37,623,000 $-2,695,000 $-578,105,000
Net Interest Income $791,000 $4,318,000 $4,338,000 $1,877,000
Normalized Income $-96,695,965 $-16,883,920 $34,341,780 $1,236,528,221
Net Income From Continuing And Discontinued Operation $-107,212,000 $-46,659,000 $-74,854,000 $-578,105,000
Total Operating Income As Reported $-147,835,000 $-82,586,000 $-156,244,000 $-2,018,913,000
Net Income Common Stockholders $-107,212,000 $-46,659,000 $-74,854,000 $-578,105,000
Net Income $-107,212,000 $-46,659,000 $-74,854,000 $-578,105,000
Net Income Including Noncontrolling Interests $-132,232,000 $-103,447,000 $-225,812,000 $-1,989,934,000
Net Income Discontinuous Operations $-34,574,000 $-9,036,000 $-72,159,000 -
Net Income Continuous Operations $-97,658,000 $-94,411,000 $-153,653,000 $-1,989,934,000
Earnings From Equity Interest Net Of Tax $-323,000 $0 $0 -
Pretax Income $-97,384,000 $-94,301,000 $-153,298,000 $-2,001,254,000
Special Income Charges $-6,121,000 $-9,066,000 $-45,311,000 $-1,841,594,000
Operating Income $-141,714,000 $-73,520,000 $-110,933,000 $-177,319,000
Depreciation Amortization Depletion Income Statement $607,000 $343,000 $12,334,000 $25,350,000
Depreciation And Amortization In Income Statement $607,000 $343,000 $12,334,000 $25,350,000
Gross Profit $26,853,000 $37,849,000 $8,477,000 $54,567,000
Average Dilution Earnings - $0 $0 $0
Per Share
Diluted EPS $-8.87 $-7.97 $-21.01 $-203.08
Basic EPS $-8.87 $-7.97 $-21.01 $-203.08
Other
Tax Effect Of Unusual Items $12,035 $-5,512,920 $-9,845,220 $-10,322,779
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-165,177,000 $-46,925,000 $-50,119,000 $1,672,987,000
Total Unusual Items $24,070,000 $-26,252,000 $-46,882,000 $-1,824,956,000
Total Unusual Items Excluding Goodwill $24,070,000 $-26,252,000 $-46,882,000 $-1,824,956,000
Reconciled Depreciation $607,000 $343,000 $13,932,000 $25,350,000
EBITDA (Bullshit earnings) $-141,107,000 $-73,177,000 $-97,001,000 $-151,969,000
EBIT $-141,714,000 $-73,520,000 $-110,933,000 $-177,319,000
Diluted Average Shares $25,523,039 $5,859,473 $3,563,333 $2,846,719
Basic Average Shares $25,523,039 $5,859,473 $3,563,333 $2,846,719
Diluted NI Availto Com Stockholders $-107,212,000 $-46,659,000 $-74,854,000 $-578,105,000
Minority Interests $25,020,000 $56,788,000 $150,958,000 $1,411,829,000
Tax Provision $-49,000 $110,000 $355,000 $-11,320,000
Impairment Of Capital Assets $733,000 $744,000 $36,763,000 $1,833,583,000
Restructuring And Mergern Acquisition $5,388,000 $8,322,000 $8,548,000 $8,011,000
Gain On Sale Of Security $30,191,000 $-17,186,000 $-1,571,000 $16,638,000
Selling General And Administration $122,565,000 $86,372,000 $99,033,000 $203,025,000
Other Gand A $45,229,000 $50,301,000 $53,539,000 $63,976,000
Salaries And Wages $77,336,000 $36,071,000 $45,494,000 $139,049,000
Fetched: 2026-06-15
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $42,574,000 $-37,007,000 $-22,619,000 $24,578,000
Total Assets $162,788,000 $269,377,000 $265,311,000 $455,502,000
Total Non Current Assets $90,588,000 $85,532,000 $84,223,000 $129,037,000
Other Non Current Assets $4,219,000 $4,621,000 $1,806,000 $2,826,000
Financial Assets $3,352,000 $0 - -
Goodwill And Other Intangible Assets $70,208,000 $70,901,000 $70,901,000 $71,685,000
Other Intangible Assets $5,550,000 $2,900,000 $2,900,000 $55,833,000
Current Assets $72,200,000 $183,845,000 $181,088,000 $326,465,000
Other Current Assets $197,000 $152,000 $25,000 $15,792,000
Assets Held For Sale Current $0 $17,519,000 - -
Restricted Cash $15,237,000 $113,455,000 $64,763,000 $17,091,000
Prepaid Assets $15,152,000 $7,229,000 $16,356,000 $28,882,000
Receivables $14,417,000 $6,441,000 $29,664,000 $25,306,000
Receivables Adjustments Allowances $-236,000 $-808,000 - $-210,000
Other Receivables $5,261,000 $1,252,000 - $9,232,000
Notes Receivable $5,050,000 $0 - -
Accounts Receivable $4,342,000 $5,997,000 $29,664,000 $25,306,000
Cash Cash Equivalents And Short Term Investments $27,197,000 $39,049,000 $70,280,000 $239,394,000
Cash And Cash Equivalents $26,962,000 $39,049,000 $52,882,000 $98,332,000
Non Current Prepaid Assets - - $159,000 $15,150,000
Debt
Total Debt $549,000 $19,897,000 $27,161,000 $26,416,000
Long Term Debt And Capital Lease Obligation $0 $16,104,000 $23,525,000 $23,402,000
Current Debt And Capital Lease Obligation $549,000 $3,793,000 $3,636,000 $3,014,000
Liabilities
Total Liabilities Net Minority Interest $50,006,000 $206,524,000 $129,597,000 $119,428,000
Total Non Current Liabilities Net Minority Interest $16,976,000 $68,805,000 $29,079,000 $27,299,000
Other Non Current Liabilities $244,000 - - -
Liabilities Heldfor Sale Non Current $0 $5,778,000 - -
Derivative Product Liabilities $16,732,000 $46,923,000 $2,356,000 $785,000
Current Liabilities $33,030,000 $137,719,000 $100,518,000 $92,129,000
Other Current Liabilities $2,154,000 $28,740,000 $1,066,000 $16,322,000
Current Deferred Liabilities $789,000 $0 $4,282,000 $3,972,000
Payables And Accrued Expenses $29,538,000 $105,186,000 $91,534,000 $68,546,000
Payables $23,548,000 $101,869,000 $74,944,000 $52,389,000
Other Payable $17,368,000 $90,343,000 $51,883,000 $25,246,000
Accounts Payable $6,180,000 $9,166,000 $19,831,000 $25,975,000
Non Current Deferred Liabilities - $2,621,000 $3,198,000 $3,112,000
Non Current Deferred Taxes Liabilities - - - $0
Equity
Common Stock Equity $112,782,000 $33,894,000 $48,282,000 $96,263,000
Total Equity Gross Minority Interest $112,782,000 $62,853,000 $135,714,000 $336,074,000
Stockholders Equity $112,782,000 $33,894,000 $48,282,000 $96,263,000
Gains Losses Not Affecting Retained Earnings $947,000 $-841,000 $-101,000 $-290,000
Other Equity Adjustments $947,000 $-841,000 $-101,000 $-290,000
Retained Earnings $-905,172,000 $-797,960,000 $-751,301,000 $-676,447,000
Long Term Equity Investment $11,149,000 $0 - -
Other
Ordinary Shares Number $25,523,039 $6,510,885 $3,793,837 $3,237,073
Share Issued $25,523,039 $6,510,885 $3,793,837 $3,237,073
Tangible Book Value $42,574,000 $-37,007,000 $-22,619,000 $24,578,000
Invested Capital $112,782,000 $33,894,000 $48,282,000 $96,263,000
Working Capital $39,170,000 $46,126,000 $80,570,000 $234,336,000
Capital Lease Obligations $549,000 $19,897,000 $27,161,000 $26,416,000
Total Capitalization $112,782,000 $33,894,000 $48,282,000 $96,263,000
Minority Interest $0 $28,959,000 $87,432,000 $239,811,000
Additional Paid In Capital $1,017,004,000 $832,693,000 $799,683,000 $772,973,000
Capital Stock $3,000 $2,000 $1,000 $27,000
Common Stock $3,000 $2,000 $1,000 $27,000
Long Term Capital Lease Obligation $0 $16,104,000 $23,525,000 $23,402,000
Current Deferred Revenue $789,000 $0 $4,282,000 $3,972,000
Current Capital Lease Obligation $549,000 $3,793,000 $3,636,000 $3,014,000
Current Accrued Expenses $5,990,000 $3,317,000 $16,590,000 $16,157,000
Dueto Related Parties Current $0 $2,360,000 $3,230,000 $1,168,000
Investments And Advances $11,149,000 $0 - -
Investmentsin Associatesat Cost $11,149,000 $0 - -
Goodwill $64,658,000 $68,001,000 $68,001,000 $15,852,000
Net PPE $1,660,000 $10,010,000 $11,516,000 $39,376,000
Accumulated Depreciation $-354,000 $-996,000 $-740,000 $-1,875,000
Gross PPE $2,014,000 $11,006,000 $12,256,000 $41,251,000
Leases $0 $276,000 $0 $10,102,000
Machinery Furniture Equipment $2,014,000 $2,784,000 $800,000 $11,517,000
Properties $0 $0 $0 $0
Other Short Term Investments $235,000 $0 $17,398,000 $141,062,000
Non Current Deferred Revenue - $2,621,000 $3,198,000 $3,112,000
Other Properties - $7,946,000 $11,456,000 $19,632,000
Pensionand Other Post Retirement Benefit Plans Current - - $0 $275,000
Employee Benefits - - - $0
Fetched: 2026-06-15
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $-157,216,000 $-24,290,000 $-70,130,000 $-148,140,000
Operating Activities
Operating Cash Flow $-153,399,000 $-21,203,000 $-60,697,000 $-117,597,000
Cash Flow From Continuing Operating Activities $-153,399,000 $-21,203,000 $-60,697,000 $-117,597,000
Operating Gains Losses $-18,561,000 $17,186,000 $1,646,000 $-12,804,000
Investing Activities
Capital Expenditure $-3,817,000 $-3,087,000 $-9,433,000 $-30,543,000
Investing Cash Flow $-38,122,000 $14,134,000 $65,970,000 $-171,961,000
Cash Flow From Continuing Investing Activities $-38,122,000 $14,134,000 $65,970,000 $-171,961,000
Net Other Investing Changes $-37,737,000 - - -
Capital Expenditure Reported $-1,167,000 $-3,087,000 $-9,433,000 $-30,543,000
Financing Activities
Issuance Of Capital Stock $62,961,000 $46,505,000 $0 $0
Financing Cash Flow $82,084,000 $43,818,000 $-2,634,000 $-2,584,000
Cash Flow From Continuing Financing Activities $82,084,000 $43,818,000 $-2,634,000 $-2,584,000
Net Other Financing Charges $-4,601,000 $-2,690,000 $-2,634,000 $-2,586,000
Net Common Stock Issuance $62,961,000 $46,505,000 $0 $0
Common Stock Issuance $62,961,000 $46,505,000 $0 $0
Repurchase Of Capital Stock - - $-2,634,000 $-2,586,000
Other
Repayment Of Debt $-12,875,000 $0 $0 $0
Issuance Of Debt $28,750,000 $0 $0 -
Income Tax Paid Supplemental Data $0 $0 $239,000 $0
End Cash Position $44,902,000 $153,746,000 $118,498,000 $115,423,000
Beginning Cash Position $153,746,000 $118,498,000 $115,423,000 $408,415,000
Effect Of Exchange Rate Changes $593,000 $-1,501,000 $436,000 $-850,000
Changes In Cash $-109,437,000 $36,749,000 $2,639,000 $-292,142,000
Proceeds From Stock Option Exercised $7,849,000 $3,000 $0 $2,000
Net Issuance Payments Of Debt $15,875,000 $0 $0 $0
Net Long Term Debt Issuance $15,875,000 $0 $0 $0
Long Term Debt Payments $-12,875,000 $0 $0 $0
Long Term Debt Issuance $28,750,000 $0 $0 -
Net Investment Purchase And Sale $10,386,000 $17,221,000 $123,936,000 $-141,418,000
Sale Of Investment $65,621,000 $35,187,000 $185,765,000 $165,175,000
Purchase Of Investment $-55,235,000 $-17,966,000 $-61,829,000 $-306,593,000
Net Business Purchase And Sale $-6,954,000 $0 $-48,533,000 $0
Sale Of Business $4,518,000 $0 $0 $0
Purchase Of Business $-11,472,000 $0 $-48,533,000 $0
Net Intangibles Purchase And Sale $-2,650,000 $0 $0 -
Purchase Of Intangibles $-2,650,000 $0 $0 -
Change In Working Capital $-91,309,000 $46,316,000 $41,900,000 $2,909,000
Change In Other Working Capital $-3,259,000 $-3,683,000 $3,790,000 $-4,797,000
Change In Other Current Liabilities $-4,135,000 $-3,636,000 $-3,029,000 $4,150,000
Change In Payables And Accrued Expense $-81,401,000 $39,153,000 $26,411,000 $1,335,000
Change In Payable $-81,401,000 $39,153,000 $26,411,000 $1,335,000
Change In Account Payable $-5,139,000 $-15,618,000 $-7,985,000 $744,000
Change In Prepaid Assets $-1,277,000 $9,077,000 $24,764,000 $9,385,000
Change In Receivables $-1,237,000 $5,405,000 $-10,036,000 $-7,164,000
Changes In Account Receivables $-1,237,000 $5,405,000 $-10,036,000 $-7,164,000
Other Non Cash Items $15,532,000 $1,669,000 $112,000 $2,779,000
Stock Based Compensation $71,603,000 $15,841,000 $16,761,000 $32,114,000
Asset Impairment Charge $961,000 $889,000 $90,764,000 $1,833,583,000
Depreciation Amortization Depletion $607,000 $343,000 $13,932,000 $25,350,000
Depreciation And Amortization $607,000 $343,000 $13,932,000 $25,350,000
Gain Loss On Investment Securities $-44,164,000 $17,186,000 $1,571,000 $-16,638,000
Gain Loss On Sale Of Business $22,986,000 $0 $0 -
Net Income From Continuing Operations $-132,232,000 $-103,447,000 $-225,812,000 $-1,989,934,000
Deferred Tax - $0 $0 $-11,594,000
Deferred Income Tax - $0 $0 $-11,594,000
Common Stock Payments - - $-2,634,000 $-2,586,000
Unrealized Gain Loss On Investment Securities - - - -
Fetched: 2026-06-15