Bakkt Holdings, Inc. (BKKT)

Bakkt Holdings Balance Sheet

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
Cash & Equivalents	58.32	39.05	52.88	98.33	391.36	75.36
Short-Term Investments	7.3	1.24	18.34	147.51	-	1.82
Cash & Short-Term Investments	65.62	40.29	71.22	245.84	391.36	77.18
Cash Growth	75.63%	-43.43%	-71.03%	-37.18%	407.05%	-1.83%
Accounts Receivable	4.4	18.88	24.5	16.07	16.64	8.1
Other Receivables	5.95	4.53	4.22	2.79	1.5	2.31
Receivables	10.35	23.41	28.73	18.86	18.14	10.41
Prepaid Expenses	5.68	6.54	16.36	28.88	32.21	5.37
Restricted Cash	6.12	24.89	31.84	16.5	16.5	16.5
Other Current Assets	32.71	88.72	32.95	16.38	5.34	22.61
Total Current Assets	120.48	183.85	181.09	326.47	463.55	132.06
Property, Plant & Equipment	6.81	11.8	11.52	39.38	17.36	22.22
Long-Term Investments	11.47	-	-	-	-	2.71
Goodwill	64.66	68	68	15.85	1,527	233.43
Other Intangible Assets	5.55	2.9	2.9	55.83	388.47	62.2
Other Long-Term Assets	49.3	2.83	1.81	17.98	17.79	15.75
Total Assets	258.26	269.38	265.31	455.5	2,414	468.38
Accounts Payable	0.99	6.46	14.93	25.98	10.65	7.17
Accrued Expenses	5.36	15.86	20.41	29.46	34.1	22.68
Current Portion of Leases	2.31	4.28	3.64	3.01	0.62	1.08
Current Unearned Revenue	0.79	1.61	4.28	3.97	4.63	4.28
Other Current Liabilities	44.33	109.52	57.26	29.71	23.62	15.87
Total Current Liabilities	53.78	137.72	100.52	92.13	73.6	51.08
Long-Term Leases	10.21	19.26	23.53	23.4	10.65	1.22
Long-Term Unearned Revenue	-	2.62	3.2	3.11	4.82	4.1
Long-Term Deferred Tax Liabilities	-	-	-	-	11.59	0.1
Other Long-Term Liabilities	65.72	46.92	2.36	0.79	19.45	23.56
Total Liabilities	129.7	206.52	129.6	119.43	120.11	80.05
Common Stock	0	0	0	0.03	0.03	495.22
Additional Paid-In Capital	934.9	832.69	799.68	772.97	566.77	-
Retained Earnings	-819.9	-797.96	-751.3	-676.45	-98.34	-112.5
Comprehensive Income & Other	-0.6	-0.84	-0.1	-0.29	-0.06	5.62
Total Common Equity	114.39	33.89	48.28	96.26	468.4	388.33
Minority Interest	14.17	28.96	87.43	239.81	1,826	-
Shareholders' Equity	128.56	62.85	135.71	336.07	2,294	388.33
Total Liabilities & Equity	258.26	269.38	265.31	455.5	2,414	468.38
Total Debt	12.51	23.54	27.16	26.42	11.26	2.3
Net Cash (Debt)	53.11	16.75	44.06	219.42	380.1	74.89
Net Cash Growth	314.28%	-61.98%	-79.92%	-42.27%	407.57%	-4.75%
Net Cash Per Share	6.47	2.86	12.36	77.08	175.91	0.09
Filing Date Shares Outstanding	24.04	6.53	5.67	3.29	2.29	852.77
Total Common Shares Outstanding	16.47	6.51	3.79	3.24	2.29	852.77
Working Capital	66.7	46.13	80.57	234.34	389.94	80.99
Book Value Per Share	6.95	5.21	12.73	29.74	204.85	0.46
Tangible Book Value	44.19	-37.01	-22.62	24.58	-1,447	92.7
Tangible Book Value Per Share	2.68	-5.68	-5.96	7.59	-632.91	0.11
Machinery	0.88	0.87	0.8	7.04	3.01	1.81
Leasehold Improvements	0.28	0.28	-	10.1	0.28	0.48

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

SEC Filings: 10-K · 10-Q