Bakkt, Inc. (BKKT)

Bakkt Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,871	3,490	780.14	56.22	39.44	28.5
Revenue	3,871	3,490	780.14	56.22	39.44	28.5
Revenue Growth (YoY)	107.11%	347.39%	1287.55%	42.57%	38.40%	-
Cost of Revenue	3,923	3,545	855.54	169.27	175.1	58.63
Gross Profit	-51.27	-54.69	-75.41	-113.04	-135.67	-30.14
Selling, General & Admin	16.79	26.55	33.39	35.41	28.83	8.22
Other Operating Expenses	1.7	2.12	5.49	3.51	3.88	3.94
Operating Expenses	19.08	29.01	52.81	64.28	47.75	20.32
Operating Income	-70.35	-83.71	-128.22	-177.32	-183.42	-50.46
Interest Expense	-	-	-	-	-0.25	-
Interest & Investment Income	1.62	4.32	4.34	1.88	0.01	0.12
Currency Exchange Gain (Loss)	0.4	1.3	-0.4	-	-	-
Other Non Operating Income (Expenses)	2.34	-15.98	-1.42	15.78	-77.99	-0.85
EBT Excluding Unusual Items	-65.99	-94.07	-125.7	-159.66	-261.64	-51.18
Merger & Restructuring Charges	-6.17	-8.32	-8.91	-8.01	-26.4	-13.37
Impairment of Goodwill	-	-	-	-1,390	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-0.06	0.63
Asset Writedown	-0.63	-0.89	-90.76	-443.68	-4.79	-15.29
Pretax Income	-77.68	-103.28	-225.37	-2,001	-292.9	-79.21
Income Tax Expense	0.15	0.17	0.44	-11.32	11.15	0.39
Earnings From Continuing Operations	-77.83	-103.45	-225.81	-1,990	-304.05	-79.61
Minority Interest in Earnings	36.32	56.79	150.96	1,412	120.83	-
Net Income	-41.12	-46.66	-74.85	-578.11	-183.21	-79.61
Preferred Dividends & Other Adjustments	-	-	-	-	-139.22	-
Net Income to Common	-41.12	-46.66	-74.85	-578.11	-44	-79.61
Shares Outstanding (Basic)	8	6	4	3	2	853
Shares Outstanding (Diluted)	8	6	4	3	2	853
Shares Change (YoY)	59.01%	64.31%	25.17%	31.75%	-99.75%	46.40%
EPS (Basic)	-5.01	-7.97	-21.01	-203.08	-20.36	-0.09
EPS (Diluted)	-5.01	-7.97	-21.01	-203.08	-20.36	-0.09
Free Cash Flow	-112.2	-24.29	-70.13	-148.14	-149.99	-51.51
Free Cash Flow Per Share	-13.66	-4.15	-19.68	-52.04	-69.42	-0.06
Gross Margin	-1.32%	-1.57%	-9.67%	-201.06%	-	-105.77%
Operating Margin	-1.82%	-2.40%	-16.43%	-315.38%	-465.09%	-177.07%
Profit Margin	-1.06%	-1.34%	-9.59%	-1028.22%	-111.56%	-279.37%
Free Cash Flow Margin	-2.90%	-0.70%	-8.99%	-263.48%	-380.33%	-180.76%
EBITDA	-70.26	-83.56	-116.09	-153.67	-170.74	-43.38
EBITDA Margin	-1.81%	-2.39%	-14.88%	-273.32%	-	-152.24%
D&A For EBITDA	0.09	0.14	12.13	23.65	12.68	7.07
EBIT	-70.35	-83.71	-128.22	-177.32	-183.42	-50.46
EBIT Margin	-1.82%	-2.40%	-16.43%	-	-	-177.07%
Revenue as Reported	3,490	3,490	780.14	56.22	-	-
Advertising Expenses	-	3	4.6	8.8	18.8	4.9

Updated Nov 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q