Invezz

Bakkt (BKKT)

NYSEMarket Closed

Bakkt, Inc. is a digital asset infrastructure company focused on helping institutions, financial firms and commercial partners connect with the crypto economy. Rather than operating primarily as a consumer-facing cryptocurrency brand, Bakkt builds technology and services that other businesses can use to offer digital asset capabilities to their own customers.

The company’s platform supports functions such as crypto trading access, custody-related services, brokerage infrastructure and account connectivity, depending on the product and client need. Its offerings include Bakkt Markets, Bakkt Agent and Bakkt Global, which are designed to give partners flexibility in how they integrate digital assets into financial products, loyalty programmes or customer applications.

Bakkt was originally launched with institutional backing and is associated with the broader push to make crypto markets more accessible through regulated, enterprise-grade systems. Its business sits at the intersection of financial technology, digital assets and compliance, where customers often prioritise security, operational resilience and regulatory controls alongside user experience.

The company operates in a market that changes quickly as cryptocurrency adoption, trading activity, regulation and institutional demand evolve. Bakkt’s performance is therefore tied not only to its own client wins and product execution, but also to broader sentiment toward digital assets and the willingness of financial institutions to embed crypto services.

For investors, Bakkt represents exposure to the infrastructure side of the digital asset industry. Its appeal rests on the idea that banks, fintechs and enterprises may prefer to use specialist platforms rather than build every crypto capability internally.

8.18USD
8.34 USD
−0.41(-4.77%)
Pre-market

Last updated

Market Cap
$387,146,644
P/E
P/FCF
P/S
0.35
Enterprise Value
$337,166,644
Sector
Financials
Industry
Financial Exchanges & Data
Address
ONE LIBERTY PLAZA, NEW YORK, NY, 10006
Market Cap
$387,146,644
Enterprise Value
$337,166,644
P/E
P/B
1.09
P/S
0.35
EV / EBITDA
-2.34
EV / Sales
0.3
EPS
-0.69
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-$85,398,000
ROE
-8.75%
ROA
-7.68%
Debt / Equity
0
Current Ratio
3.14
Quick Ratio
3.14
Cash
1.61
Avg Volume
$1,260,173
Fundamentals Snapshot Price
8.59

Income Statement

Line Item2026 Q22026 Q12025 Q42025 Q32025 Q2
Revenue170.15M243.59M299.17M402.21M568.1M
Cost of revenue167.94M239.97M295.87M396.82M561.07M
Gross profit2.21M3.62M3.31M5.4M7.03M
Operating income-19.61M-16.92M-91.02M-25.26M-16.12M
EBITDA-17.32M-16.86M-90.63M-19.52M-15.97M
Net income80.84M-11.65M-85.27M-14.92M-14.73M
Income taxes5K12K-150K-25K76K
Interest expense00273K-50K0
Other operating expenses2.59M1.99M32.46M12.85M4.18M
Total operating expenses21.82M20.55M94.32M30.66M23.15M
Basic EPS1.96-0.41-3.88-1.15-2.16
Diluted EPS1.94-0.41-3.99-1.15-2.16

Balance Sheet

Line Item2026 Q22026 Q12025 Q42025 Q32025 Q2
Total assets403.6M213.38M162.79M258.26M190.14M
Total liabilities49.21M42.5M50.01M129.7M132.32M
Total equity354.39M170.88M112.78M128.56M57.83M
Cash & equivalents49.98M79.98M26.96M58.32M43.49M
Current assets97.4M124.99M72.2M120.48M110.46M
Current liabilities31.02M30.28M33.03M37.89M93.19M
Accounts payable9.85M12.75M14.88M18.01M42.68M
Receivables11.28M9.53M12.07M12.56M23.31M
Inventories00000
Goodwill156.69M64.66M64.66M64.66M64.66M
Long-term debt00000

Cash Flow

Line Item2026 Q22026 Q12025 Q42025 Q32025 Q2
Operating cash flow-14.82M-12.09M-10.81M-46.66M5.35M
Investing cash flow-14.37M1.94M-22.72M-19.77M4.5M
Financing cash flow451K66.78M730K60.09M17.17M
Change in cash-28.78M56.72M-32.8M-6.66M27.91M
Net income80.84M-11.65M-95.16M-23.15M-30.15M
KindFilingDateLink
edgar index4 — Bakkt, Inc.View Filing
form 4Form 4 — ALFRED MICHAELView Filing
edgar index8-K — Bakkt, Inc.View Filing
eight k text8-K — 8-KView Filing
edgar indexSCHEDULE 13G/A — Bakkt, Inc.View Filing
edgar index10-Q — Bakkt, Inc.View Filing
edgar index8-K — Bakkt, Inc.View Filing
eight k text8-K — 8-KView Filing
edgar index8-K/A — Bakkt, Inc.View Filing
edgar indexSCHEDULE 13G — Bakkt, Inc.View Filing
edgar index4 — Bakkt, Inc.View Filing
edgar index4 — Bakkt, Inc.View Filing
edgar index4 — Bakkt, Inc.View Filing
edgar index8-K/A — Bakkt, Inc.View Filing
edgar index144 — Bakkt, Inc.View Filing
form 4Form 4 — Henderson Joseph Sean-WalshView Filing
form 4Form 4 — Alexander KarenView Filing
form 4Form 4 — D'Annunzio MarcView Filing
edgar index4 — Bakkt, Inc.View Filing
edgar index4 — Bakkt, Inc.View Filing
edgar index4 — Bakkt, Inc.View Filing
edgar index4 — Bakkt, Inc.View Filing
edgar index8-K — Bakkt, Inc.View Filing
edgar index144 — Bakkt, Inc.View Filing
eight k text8-K — 8-KView Filing
form 4Form 4 — D'Annunzio MarcView Filing
form 4Form 4 — Alexander KarenView Filing
form 4Form 4 — Baes NicholasView Filing
form 4Form 4 — D'Annunzio MarcView Filing
form 4Form 4 — Henderson Joseph Sean-WalshView Filing
edgar index4 — Bakkt, Inc.View Filing
form 4Form 4 — ALFRED MICHAELView Filing
form 4Form 4 — ALFRED MICHAELView Filing
form 4Form 4 — ALFRED MICHAELView Filing
edgar index8-K — Bakkt, Inc.View Filing
eight k text8-K — 8-KView Filing
edgar indexDEFA14A — Bakkt, Inc.View Filing
edgar index424B3 — Bakkt, Inc.View Filing
edgar indexEFFECT — Bakkt, Inc.View Filing
edgar indexCORRESP — Bakkt, Inc.View Filing
edgar indexUPLOAD — Bakkt, Inc.View Filing
edgar index4 — Bakkt, Inc.View Filing
edgar index4 — Bakkt, Inc.View Filing
edgar index4 — Bakkt, Inc.View Filing
edgar index4 — Bakkt, Inc.View Filing
edgar index4 — Bakkt, Inc.View Filing
form 4Form 4 — ALFRED MICHAELView Filing
edgar indexSCHEDULE 13G — Bakkt, Inc.View Filing
edgar indexDEFA14A — Bakkt, Inc.View Filing
form 4Form 4 — ALFRED MICHAELView Filing
form 4Form 4 — ALFRED MICHAELView Filing
form 4Form 4 — Alexander KarenView Filing
form 4Form 4 — Alexander KarenView Filing
form 4Form 4 — D'Annunzio MarcView Filing
form 4Form 4 — D'Annunzio MarcView Filing
form 4Form 4 — Baes NicholasView Filing
form 4Form 4 — Baes NicholasView Filing
form 4Form 4 — Naheta Akshay SudhirView Filing
form 4Form 4 — Naheta Akshay SudhirView Filing
edgar indexS-3 — Bakkt, Inc.View Filing
edgar index10-Q — Bakkt, Inc.View Filing
edgar index8-K — Bakkt, Inc.View Filing
eight k text8-K — 8-KView Filing
edgar indexSCHEDULE 13D/A — Bakkt, Inc.View Filing
edgar index4 — Bakkt, Inc.View Filing
edgar indexSCHEDULE 13D/A — Bakkt, Inc.View Filing
edgar index8-K — Bakkt, Inc.View Filing
edgar indexDEF 14A — Bakkt, Inc.View Filing
edgar indexDEFA14A — Bakkt, Inc.View Filing
edgar indexARS — Bakkt, Inc.View Filing
eight k text8-K — 8-KView Filing
form 4Form 4 — Naheta Akshay SudhirView Filing
edgar index4 — Bakkt, Inc.View Filing
edgar index4 — Bakkt, Inc.View Filing
edgar index4 — Bakkt, Inc.View Filing