Bakkt Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	79.98	26.96	39.05	52.88	98.33	391.36
Short-Term Investments	0.25	0.24	-	17.4	141.06	-
Cash & Short-Term Investments	80.23	27.2	39.05	70.28	239.39	391.36
Cash Growth	248.69%	-30.35%	-44.44%	-70.64%	-38.83%	419.32%
Accounts Receivable	9.53	12.07	7.68	29.66	25.31	18.14
Other Current Assets	35.23	32.93	137.11	81.14	76.92	69.19
Total Current Assets	124.99	72.2	183.85	181.09	326.47	463.55
Net Property, Plant & Equipment	2.32	1.66	2.06	0.06	19.74	6.12
Other Intangible Assets	5.55	5.55	2.9	2.9	55.83	388.47
Goodwill	64.66	64.66	68	68	15.85	1,527
Long-Term Investments	10.93	11.15	-	-	-	-
Other Long-Term Assets	4.93	7.57	12.57	13.26	22.46	13.88
Total Assets	213.38	162.79	269.38	265.31	455.5	2,414
Accounts Payable	12.75	14.88	14.26	55.38	66.79	64.09
Unearned Revenue	-	0.79	-	4.28	3.97	4.63
Other Current Liabilities	17.52	17.37	123.46	40.86	21.37	4.89
Total Current Liabilities	30.28	33.03	137.72	100.52	92.13	73.6
Other Long-Term Liabilities	12.23	16.98	68.81	29.08	27.3	46.51
Total Long-Term Liabilities	12.23	16.98	68.81	29.08	27.3	46.51
Total Liabilities	42.5	50.01	206.52	129.6	119.43	120.11
Common Stock	0	0	0	0	0.03	0.03
Additional Paid-in Capital	1,087	1,017	832.69	799.68	772.97	566.77
Accumulated Other Comprehensive Income	1.04	0.95	-0.84	-0.1	-0.29	-0.06
Retained Earnings	-916.82	-905.17	-797.96	-751.3	-676.45	-98.34
Total Common Shareholders' Equity	170.88	112.78	33.89	48.28	96.26	468.4
Minority Interest	-	-	28.96	87.43	239.81	1,826
Shareholders' Equity	170.88	112.78	62.85	135.72	336.07	2,294
Total Liabilities & Equity	213.38	162.79	269.38	265.31	455.5	2,414
Net Cash (Debt)	80.23	27.2	39.05	70.28	239.39	391.36
Net Cash Growth	195.01%	-30.35%	-44.44%	-70.64%	-38.83%	419.32%
Net Cash Per Share	4.57	2.25	6.67	19.72	84.09	180.14
Book Value	170.88	112.78	33.89	48.28	96.26	468.4
Book Value Per Share	9.74	9.33	5.79	13.55	33.82	215.59
Tangible Book Value	100.67	42.57	-37.01	-22.62	24.58	-1,447
Tangible Book Value Per Share	5.74	3.52	-6.32	-6.35	8.63	-666.11

Updated May 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q