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Bakkt, Inc. (BKKT)
NYSE: BKKT · Real-Time Price · USD
6.88
-0.15 (-2.13%)
At close: Oct 9, 2026, 4:00 PM EDT
7.00
+0.12 (1.74%)
Pre-market: Oct 12, 2026, 4:41 AM EDT

Bakkt Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,1152,3353,441726.9956.2239.44
Revenue Growth
-70.16%-32.14%373.33%1193.02%42.57%38.40%
Gross Profit
-109.9-101.48-48.17-63.44-113.04-135.67
Operating Income
-118.8-114.84-73.52-110.93-177.32-183.42
Net Income
-31-107.21-46.66-74.85-578.11-44
Earnings Per Share
-1.18-8.87-7.97-21.01-203.08-20.36
EPS Growth
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Revenue by Geography
Chart
Fiscal YearFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States
2,1733,375715.8956.2239.44
Foreign
162.766.211.1--
Total
2,3353,441726.9956.2239.44

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
51.8529.940.2971.22245.84391.36
Total Debt
0.060.5519.927.1626.4211.26
Net Cash (Debt)
51.7929.3520.3944.06219.42380.1
Net Cash Growth
802.56%43.92%-53.71%-79.92%-42.27%407.57%
Net Cash Per Share
1.982.433.4812.3677.08175.91

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-84.38-153.4-21.2-60.7-117.6-134.3
Capital Expenditures
-3.01-1.17-3.09-9.43-30.54-15.69
Free Cash Flow
-87.39-154.57-24.29-70.13-148.14-149.99
Free Cash Flow Growth
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Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
-9.86%-4.35%-1.40%-8.73%-201.06%-
Operating Margin
-10.65%-4.92%-2.14%-15.26%-315.38%-465.09%
Pretax Margin
-1.89%-4.18%-2.74%-21.09%-3559.43%-742.70%
Profit Margin
-2.78%-4.59%-1.36%-10.30%-1028.22%-111.56%
FCF Margin
-7.84%-6.62%-0.71%-9.65%-263.48%-380.33%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PS Ratio
0.280.100.050.281.6612.34