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.
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
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 350.06M
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 270.07M
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- 2.05
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 0.23
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- -1.86
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 0.18
- EPS
- -2.83
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- —
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- —
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- -65.4M
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- -74.07%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -59.32%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 0
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 3.47
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 3.47
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 2.64
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 2.19M
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 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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