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Bakkt Holdings Inc

Technology US BKKT

8.92USD
-0.88(8.98%)

Last update at 2026-06-03T20:21:00Z

Day Range

8.829.95
LowHigh

52 Week Range

6.8749.79
LowHigh

Fundamentals

  • Previous Close 9.80
  • Market Cap274.14M
  • Volume1910035
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-114.83200M
  • Revenue TTM2335.24M
  • Revenue Per Share TTM193.16
  • Gross Profit TTM -101.48200M
  • Diluted EPS TTM-6.55

Source: TradingView
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Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -97.38400M -103.27700M -225.36800M -2001.25400M -242.36300M
Minority interest 25.02M 56.79M 326.44M -1411.82900M -
Net income -107.21200M -46.65900M -74.85400M -1989.93400M -242.65800M
Selling general administrative 122.56M 144.24M 166.65M 185.95M 152.59M
Selling and marketing expenses - - 77.43M 150.53M 144.07M
Gross profit -51.09000M 87.01M 61.62M -113.04400M 37.27M
Reconciled depreciation 0.61M 0.34M 17.85M 25.35M 14.93M
Ebit -114.83900M -83.70500M -128.21900M 1647.64M -164.09700M
Ebitda -114.23200M -83.36200M -114.28700M 1672.99M -150.60900M
Depreciation and amortization 0.61M 0.34M 13.93M 25.35M 13.49M
Non operating income net other - - - 15.78M -
Operating income -114.83900M -92.91600M -227.89000M 1647.64M -164.09700M
Other operating expenses 2483.08M 3583.14M 1008.03M 231.89M 187.88M
Interest expense - - - 1.88M 76.82M
Tax provision -0.04900M 0.17M -2.07500M -11.32000M 11.15M
Interest income - - - - -
Net interest income 0.79M 4.32M 4.54M 1.88M -0.23600M
Extraordinary items - - - - -
Non recurring - - - 1841.59M -
Other items - - - - -
Income tax expense -0.04900M 0.17M 0.44M -11.32000M 0.29M
Total revenue 2335.24M 3490.22M 780.14M 54.57M 37.27M
Total operating expenses 63.75M 179.93M 289.51M 231.89M 187.88M
Cost of revenue 2386.33M 3403.21M 718.51M 167.61M 8.46M
Total other income expense net 50.45M -10.36100M 2.52M -3648.89100M -78.26600M
Discontinued operations - - - - -
Net income from continuing ops -97.65800M -103.44700M -473.54400M -1989.93400M -304.04600M
Net income applicable to common shares - - - -578.10500M -43.99500M
Preferred stock and other adjustments - - - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 162.79M 269.38M 966.87M 455.50M 2414.30M
Intangible assets 5.55M 2.90M 2.90M 55.83M 388.50M
Earning assets - - - - -
Other current assets 32.36M 120.15M 782.70M 21.85M 72.10M
Total liab 50.01M 206.52M 831.15M 119.43M 108.40M
Total stockholder equity 112.78M 33.89M 48.28M 96.26M 479.80M
Deferred long term liab - - - - -
Other current liab 2.70M 119.05M 779.23M 59.17M 57.61M
Common stock 0.00300M 0.00200M 0.03M 0.03M 0.03M
Capital stock 0.00300M 0.00200M 0.03M 0.03M 0.03M
Retained earnings -905.17200M -797.96000M -751.30100M -676.44700M -98.34200M
Other liab - - - 3.90M 35.86M
Good will 64.66M 68.00M 68.00M 15.85M 1527.10M
Other assets - - - 17.98M 17.79M
Cash 27.54M 39.05M 52.88M 98.33M 391.40M
Cash and equivalents - - - - -
Total current liabilities 33.03M 137.72M 802.07M 92.13M 73.50M
Current deferred revenue 0.79M 1.60M 4.28M 3.97M 4.63M
Net debt -27.53700M -15.50900M -25.72100M -71.91600M -380.13800M
Short term debt - 4.28M 3.64M 3.01M 0.61M
Short long term debt - - - - -
Short long term debt total - 23.54M 27.16M 26.42M 11.26M
Other stockholder equity 1017.00M 832.69M 799.66M 772.97M 578.17M
Property plant equipment - - - 19.74M 17.36M
Total current assets 72.20M 183.84M 882.64M 326.46M 463.50M
Long term investments 11.15M 0.00000M - - -
Net tangible assets - - - 24.58M 178.12M
Short term investments 0.23M 1.24M 17.40M 141.06M 0.55M
Net receivables 12.07M 24.65M 29.66M 25.31M 18.14M
Long term debt - - - - -
Inventory - - - 39.91M -18.14200M
Accounts payable 29.54M 12.78M 14.93M 25.98M 10.65M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - 239.81M -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 0.95M -0.84100M -0.10100M -0.29000M -0.05500M
Additional paid in capital - - - - -
Common stock total equity - - - 0.03M 0.00052M
Preferred stock total equity - - - - -
Retained earnings total equity - - - -676.44700M -29.25042M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 4.22M 2.83M 1.81M 17.98M 17.84M
Deferred long term asset charges - - - - -
Non current assets total 90.59M 85.53M 84.22M 129.04M 1950.80M
Capital lease obligations 0.55M 23.54M 27.16M 26.42M 11.26M
Long term debt total - - - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 10.39M 14.13M 30.33M -141.41800M 16.92M
Change to liabilities - - - 1.29M 4.63M
Total cashflows from investing activities -38.12200M 14.13M 65.97M -171.96100M 16.92M
Net borrowings 15.88M 0.00000M 0.00000M - -0.50100M
Total cash from financing activities 77.95M 43.82M -2.63400M -2.58400M 256.83M
Change to operating activities - - - 11.69M -20.96100M
Net income -132.23200M -103.44700M -74.85400M -1989.93400M -304.04600M
Change in cash -36.40100M 35.25M 3.08M -292.99200M 316.47M
Begin period cash flow 63.94M 118.50M 115.42M 408.42M 91.94M
End period cash flow 27.54M 153.75M 118.50M 115.42M 408.42M
Total cash from operating activities -149.26400M -21.20300M -60.69700M -117.59700M -134.30200M
Issuance of capital stock 62.96M 46.51M 0.00000M 0.00000M 312.00M
Depreciation 0.61M 0.34M 13.93M 25.35M 14.93M
Other cashflows from investing activities -26.41500M -3.08700M - 0.40M 0.40M
Dividends paid - - - - -
Change to inventory - - - - -12.87700M
Change to account receivables -1.23700M 5.41M -10.03600M -7.16400M -7.73400M
Sale purchase of stock - - -2.63400M -2.58600M -84.53000M
Other cashflows from financing activities -3.07100M -2.68700M 65.97M 0.00200M 29.86M
Change to netincome - - - 1841.03M 178.88M
Capital expenditures 3.82M 3.09M 9.43M 30.54M 15.69M
Change receivables - - - -7.16400M -
Cash flows other operating - - - 11.83M -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - -292.14200M -
Change in working capital -87.17400M 46.32M 41.90M 2.91M -24.06900M
Stock based compensation 71.60M 15.84M 16.76M 32.11M 79.79M
Other non cash items -2.06800M 19.74M -58.43600M 1823.56M 87.36M
Free cash flow -153.39900M -24.29000M -70.13000M -148.14000M -149.98900M

Peer Comparison

Sector: Technology Industry: Software - Infrastructure

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
BKKT
Bakkt Holdings Inc
-0.88 8.98% 8.92 - - 0.12 2.43 0.11 0.79
MSFT
Microsoft Corporation
-13.97 3.17% 427.34 37.32 29.94 13.03 12.45 13.06 24.59
ORCL
Oracle Corporation
-14.25 5.83% 230.33 29.34 18.66 5.55 74.06 7.10 18.13
CRWD
Crowdstrike Holdings Inc
-21.34 2.78% 747.61 - 89.29 23.70 24.81 21.91 577.82
PANW
Palo Alto Networks Inc
-16.75 5.64% 280.43 44.57 45.05 11.98 20.70 11.82 77.11

Reports Covered

Stock Research & News

Profile

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.

Bakkt Holdings Inc

One Liberty Plaza, New York, NY, United States, 10006

Key Executives

Name Title Year Born
Dr. Gavin Constantine Michael Pres, CEO & Director 1965
Mr. Marc D'Annunzio Gen. Counsel & Sec. 1972
Mr. David C. Clifton Exec. Director 1978
Mr. Gordon Watson Exec. Director 1979
Ms. Karen J. Alexander CFA CFO & Principal Financial Officer 1971
Mr. Michael Leroy Lewis Chief Engineering & Operations Officer 1965
Mr. Charles Goodroe VP, Chief Accounting Officer & Principal Accounting Officer 1984
Mr. Matthew Alan Johnson Chief Technology Officer 1972
Mr. Alex Jacobs Chief Admin. Officer NA
Ms. Ann Park DeVries Head of Investor Relations NA

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