Bakkt Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	26.96	39.05	52.88	98.33	391.36
Short-Term Investments	0.24	-	17.4	141.06	-
Cash & Short-Term Investments	27.2	39.05	70.28	239.39	391.36
Cash Growth	-30.35%	-44.44%	-70.64%	-38.83%	88.06%
Accounts Receivable	12.07	7.68	29.66	25.31	18.14
Other Current Assets	32.93	137.11	81.14	76.92	69.19
Total Current Assets	72.2	183.85	181.09	326.47	463.55
Net Property, Plant & Equipment	1.66	2.06	0.06	19.74	6.12
Other Intangible Assets	5.55	2.9	2.9	55.83	388.47
Goodwill	64.66	68	68	15.85	1,527
Long-Term Investments	11.15	-	-	-	-
Other Long-Term Assets	7.57	12.57	13.26	22.46	13.88
Total Assets	162.79	269.38	265.31	455.5	2,414
Accounts Payable	14.88	14.26	55.38	66.79	64.09
Unearned Revenue	0.79	-	4.28	3.97	4.63
Other Current Liabilities	17.37	129.59	40.86	21.37	4.89
Total Current Liabilities	33.03	143.85	100.52	92.13	73.6
Other Long-Term Liabilities	16.98	62.68	29.08	27.3	46.51
Total Long-Term Liabilities	16.98	62.68	29.08	27.3	46.51
Total Liabilities	50.01	206.53	129.6	119.43	120.11
Common Stock	0	0	0	0.03	0.03
Additional Paid-in Capital	1,017	832.69	799.68	772.97	566.77
Accumulated Other Comprehensive Income	0.95	-0.84	-0.1	-0.29	-0.06
Retained Earnings	-905.17	-797.96	-751.3	-676.45	-98.34
Total Common Shareholders' Equity	112.78	33.89	48.28	96.26	468.4
Minority Interest	-	28.96	87.43	239.81	1,826
Shareholders' Equity	112.78	62.85	135.72	336.07	2,294
Total Liabilities & Equity	162.79	269.38	265.31	455.5	2,414
Net Cash (Debt)	27.2	39.05	70.28	239.39	391.36
Net Cash Growth	-30.35%	-44.44%	-70.64%	-38.83%	88.06%
Net Cash Per Share	-	6.67	19.72	84.09	-
Book Value	112.78	33.89	48.28	96.26	468.4
Book Value Per Share	-	5.79	13.55	33.82	-
Tangible Book Value	42.57	-37.01	-22.62	24.58	-1,447
Tangible Book Value Per Share	-	-6.32	-6.35	8.63	-

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q