Bakkt Holdings, Inc.

Bakkt Holdings, Inc.

BKKT
Bakkt Holdings, Inc.US flagNew York Stock Exchange
9.30
USD
+0.39
- -
414.89MMarket Cap
Bakkt Holdings, Inc.
BKKT
(New York Stock Exchange)

Recent

price

9.30

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
TTM
FRC
14.26
16.29
19.75
204.02
587.26
193.15
94.74
Revenue per Share
-39.83
-58.41
-203.08
-21.01
-7.96
-8.87
-7.87
Basic EPS, GAAP
-25.77
-62.47
-41.31
-17.03
-3.62
-12.91
-3.99
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
191.47
-43
-237.61
-210.84
-136.18
-74.87
-57.04
Book Value per Share
57.11
165.57
92.87
18.19
-1.37
3.52
6.26
Tangible Book Value per Share
2
2
3
4
6
12
16
Basic Weighted Avg Shares
28
37
56
727
3,441
2,335
1,523
Sales/Revenue/Turnover
-177.07
-400.68
-315.38
-15.26
-2.14
-6.07
-9.57
Operating Margin (%)
8
14
25
14
- -
1
- -
Depreciation Expense
-80
-134
-578
-75
-47
-107
-127
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-279.36
-358.49
-1,028.22
-10.3
-1.36
-4.59
-8.31
Profit Margin (%)
81
390
234
81
46
39
95
Working Capital
1
11
23
24
16
- -
- -
LT Debt
410
2,294
336
136
63
113
171
Total Equity
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2
1
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
10
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
16
26
31
Market Capitalization
277
88
118

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
120
72
125
Cash, Cash Equivalents & STI
63
27
80
Accounts Receivable, Net
1
4
3
Inventories
- -
- -
- -
Total Current Liabilities
54
33
30
Payables & Accruals
29
30
30
ST Debt
2
1
- -
Deferred Revenue
1
1
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
68.13%
79.44%
Free Cash Flow
- -
136.43%
635.98%
Net Income, GAAP
- -
81.14%
129.78%
Sales/Revenue/Turnover
- -
323.17%
-32.14%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
855
510
316
1,797
3,441
2025
1,066
578
402
299
2,335
2026
244
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.86
-2.67
-0.45
-2.95
-7.96
2025
1.18
-2.16
-1.15
- -
-8.87
2026
-0.41
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Bakkt Holdings, Inc. operates as a technology company at the intersection of digital assets, loyalty, rewards, and payments. The company provides institutional-grade solutions including digital asset custody, trading, brokerage, and liquidity services through its platforms Bakkt Crypto Solutions and Bakkt Marketplace. Its core products and services encompass cryptocurrency trading and custody; an electronic communications network (ECN) institutional trading platform named BakktEx; stablecoin payment infrastructure; a crypto brokerage platform supporting a broad range of digital assets; loyalty points redemption technology; and API-based solutions to integrate crypto and loyalty offerings for businesses. Bakkt’s offerings enable customers to purchase, store, liquidate, and transfer approved crypto assets while supporting cross-border stablecoin payment solutions. Founded in 2018 and headquartered in New York, NY, Bakkt operates primarily in the United States with expanding geographic reach into Latin America, Europe, and key Asian markets including Japan, South Korea, and India. The company targets institutional clients, businesses seeking to integrate cryptocurrency and loyalty programs, and evolving digital asset market participants. Recent major changes include the launch and integration of BakktEx, enhancing the company’s institutional trading capabilities with an advanced, scalable ECN infrastructure. In 2024, Bakkt expanded its digital asset offerings by adding support for 15 new coins on its brokerage platform and incorporated sophisticated trading tools such as algorithmic trading and smart order routing. The company completed a capital structure simplification in late 2025, eliminating its dual-class share system to streamline governance and improve shareholder alignment. Bakkt also divested its custody business to focus on core crypto trading, liquidity, and stablecoin payment solutions while entering a strategic commercial partnership with Distributed Technologies Research (DTR) to penetrate the cross-border stablecoin payments market. Operational restructuring and cost optimization initiatives have recently positioned Bakkt for stronger financial performance and scalable growth in the regulated digital asset infrastructure space. Bakkt’s business segments include digital asset trading and custody, loyalty and rewards technology, stablecoin payment solutions, and financial technology integration for businesses. The company continues to innovate and scale its product ecosystem to service institutional investors, payment service providers, and enterprises worldwide, supported by enhanced governance, a simplified capital structure, and a focused growth strategy aligned with the evolving digital economy landscape.

Company News

APIChat
  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bakkt, Inc. - BKKT

  • Bakkt: The 3 Engines That Overhaul The Business Stack (Upgrade)

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bakkt, Inc. - BKKT

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bakkt, Inc. - BKKT

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bakkt, Inc. - BKKT

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bakkt, Inc. - BKKT

  • Bakkt stock: can it really the sustain insider-driven momentum on Tuesday?

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bakkt, Inc. - BKKT

  • Bakkt, Inc. (BKKT) Q1 2026 Earnings Call Transcript

  • Bakkt Q1 Earnings Call Highlights

  • Bakkt Reports First Quarter 2026 Results

  • Zoth Enters into Strategic Partnership MOU with Bakkt to Enable Compliant Cross-Border Stablecoin Payments Across South Asia and MENA, Scaling its Total Payments Volume to $1 Billion Annually

  • Bakkt Schedules Conference Call to Discuss First Quarter 2026 Results

  • Bitcoin surged in April, but weak buyer demand makes the rally vulnerable

  • Bakkt Completes Acquisition of Distributed Technologies Research

  • Bakkt, Inc. (BKKT) Bakkt Holdings, Inc. - Analyst/Investor Day Transcript

  • UPDATE - Bakkt Releases Shareholder Letter and Reports Full Year 2025 Financial Results

  • Bakkt Releases Shareholder Letter and Reports Full Year 2025 Financial Results

  • Bakkt Announces Timing of Fourth Quarter 2025 Earnings Results and Investor Day Presentation

  • Bakkt Announces Pricing of $48.125 Million Registered Direct Offering