Invezz

Bakkt (BKKT)

NYSE Market 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.

8.28 USD
−0.16 (-1.90%)

Last updated

Market Cap
350.06M
P/E
P/FCF
P/S
0.23
Enterprise Value
270.07M
Sector
Industry
Address
ONE LIBERTY PLAZA, NEW YORK, NY, 10006
Market Cap
350.06M
Enterprise Value
270.07M
P/E
P/B
2.05
P/S
0.23
EV / EBITDA
-1.86
EV / Sales
0.18
EPS
-2.83
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-65.4M
ROE
-74.07%
ROA
-59.32%
Debt / Equity
0
Current Ratio
3.47
Quick Ratio
3.47
Cash
2.64
Avg Volume
2.19M
Fundamentals Snapshot Price
7.83

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 243.59M 299.17M 402.21M 577.88M 1.07B
Gross profit 3.62M 3.31M 5.4M 16.81M 11.12M
Operating income -16.92M -91.02M -25.26M -18.49M -15.44M
EBITDA -16.86M -90.63M -19.52M -18.34M -14.99M
Net income -11.65M -85.27M -14.92M -14.73M 7.71M
Basic EPS -0.41 -6.37 -1.15 -2.16 1.18
Diluted EPS -0.41 -6.37 -1.15 -2.16 1.13

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 213.38M 162.79M 258.26M 190.14M 176.35M
Total liabilities 42.5M 50.01M 129.7M 132.32M 94.79M
Total equity 170.88M 112.78M 128.56M 57.83M 81.56M
Cash & equivalents 79.98M 26.96M 58.32M 43.49M 23.01M
Current assets 105.03M 56.96M 103.3M 71.16M 60.75M
Current liabilities 30.28M 33.03M 37.89M 93.19M 58.37M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow -12.09M -10.81M -46.66M 5.35M -101.28M
Investing cash flow 1.94M -22.72M -19.77M 4.5M -130K
Financing cash flow 66.78M 730K 60.09M 17.17M 4.1M
Change in cash 56.72M -32.8M -6.66M 27.91M -97.29M
Kind Filing Date Link
edgar index 8-K — Bakkt, Inc. View Filing
edgar index 144 — Bakkt, Inc. View Filing
eight k text 8-K — 8-K View Filing
edgar index 4 — Bakkt, Inc. View Filing
form 4 Form 4 — ALFRED MICHAEL View Filing
form 4 Form 4 — ALFRED MICHAEL View Filing
form 4 Form 4 — ALFRED MICHAEL View Filing
edgar index 8-K — Bakkt, Inc. View Filing
eight k text 8-K — 8-K View Filing
edgar index DEFA14A — Bakkt, Inc. View Filing
edgar index 424B3 — Bakkt, Inc. View Filing
edgar index EFFECT — Bakkt, Inc. View Filing
edgar index 4 — Bakkt, Inc. View Filing
edgar index 4 — Bakkt, Inc. View Filing
edgar index 4 — Bakkt, Inc. View Filing
edgar index 4 — Bakkt, Inc. View Filing
edgar index 4 — Bakkt, Inc. View Filing
form 4 Form 4 — ALFRED MICHAEL View Filing
edgar index SCHEDULE 13G — Bakkt, Inc. View Filing
edgar index DEFA14A — Bakkt, Inc. View Filing
form 4 Form 4 — ALFRED MICHAEL View Filing
form 4 Form 4 — ALFRED MICHAEL View Filing
form 4 Form 4 — Alexander Karen View Filing
form 4 Form 4 — Alexander Karen View Filing
form 4 Form 4 — D'Annunzio Marc View Filing
form 4 Form 4 — D'Annunzio Marc View Filing
form 4 Form 4 — Baes Nicholas View Filing
form 4 Form 4 — Baes Nicholas View Filing
form 4 Form 4 — Naheta Akshay Sudhir View Filing
form 4 Form 4 — Naheta Akshay Sudhir View Filing
edgar index S-3 — Bakkt, Inc. View Filing
edgar index 10-Q — Bakkt, Inc. View Filing
edgar index 8-K — Bakkt, Inc. View Filing
eight k text 8-K — 8-K View Filing
edgar index SCHEDULE 13D/A — Bakkt, Inc. View Filing
edgar index 4 — Bakkt, Inc. View Filing
edgar index SCHEDULE 13D/A — Bakkt, Inc. View Filing
form 4 Form 4 — Naheta Akshay Sudhir View Filing
edgar index 4 — Bakkt, Inc. View Filing
edgar index 4 — Bakkt, Inc. View Filing
edgar index 4 — Bakkt, Inc. View Filing
edgar index 144 — Bakkt, Inc. View Filing
form 4 Form 4 — Alexander Karen View Filing
form 4 Form 4 — D'Annunzio Marc View Filing
form 4 Form 4 — D'Annunzio Marc View Filing
form 4 Form 4 — Baes Nicholas View Filing
edgar index 8-K — Bakkt, Inc. View Filing
eight k text 8-K — 8-K View Filing
edgar index 4 — Bakkt, Inc. View Filing
form 4 Form 4 — Baes Nicholas View Filing
edgar index 144 — Bakkt, Inc. View Filing
edgar index 8-K — Bakkt, Inc. View Filing
edgar index DEFA14A — Bakkt, Inc. View Filing
eight k text 8-K — 8-K View Filing
edgar index DEFA14A — Bakkt, Inc. View Filing
edgar index 10-K — Bakkt, Inc. View Filing
ten k section 10-K — business View Filing
ten k section 10-K — mda View Filing
ten k section 10-K — risk_factors View Filing
edgar index 8-K — Bakkt, Inc. View Filing
edgar index NT 10-K — Bakkt, Inc. View Filing
eight k text 8-K — 8-K View Filing
edgar index SCHEDULE 13D/A — Bakkt, Inc. View Filing
edgar index 8-K — Bakkt, Inc. View Filing
eight k text 8-K — 8-K View Filing
edgar index 424B5 — Bakkt, Inc. View Filing
edgar index 4 — Bakkt, Inc. View Filing
edgar index 144 — Bakkt, Inc. View Filing
form 4 Form 4 — D'Annunzio Marc View Filing
form 4 Form 4 — D'Annunzio Marc View Filing
edgar index SCHEDULE 13G/A — Bakkt, Inc. View Filing
edgar index DEFM14A — Bakkt, Inc. View Filing
edgar index SCHEDULE 13G/A — Bakkt, Inc. View Filing
edgar index 5 — Bakkt, Inc. View Filing
edgar index PREM14A — Bakkt, Inc. View Filing
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