Bakkt, Inc. (BKKT)
NYSE: BKKT · Real-Time Price · USD
7.69
-0.73 (-8.67%)
At close: Aug 28, 2026, 4:00 PM EDT
7.82
+0.13 (1.69%)
After-hours: Aug 28, 2026, 7:58 PM EDT
Bakkt Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Net Income | -31 | -107.21 | -46.66 | -74.85 | -578.11 | -304.05 |
Depreciation & Amortization | 0.85 | 0.01 | 0.14 | 12.33 | 23.65 | 12.68 |
Other Amortization | 0.5 | 0.6 | 0.2 | - | 1.7 | 4 |
Loss (Gain) From Sale of Assets | 20.36 | 22.66 | - | 0.08 | 3.83 | - |
Asset Writedown & Restructuring Costs | 1.98 | 0.73 | 0.74 | 36.76 | 1,834 | 4.79 |
Loss (Gain) From Sale of Investments | - | - | - | - | - | 0.06 |
Loss (Gain) on Equity Investments | 0.83 | 0.32 | - | - | - | - |
Stock-Based Compensation | 66.62 | 71.6 | 15.84 | 16.76 | 32.11 | 79.79 |
Other Operating Activities | -122.15 | -51.04 | -37.93 | -149.28 | -1,437 | 92.49 |
Change in Accounts Receivable | -3.26 | -1.24 | 5.41 | -10.04 | -7.16 | -7.73 |
Change in Accounts Payable | -13.76 | -5.14 | -15.62 | -7.99 | 0.74 | 3.56 |
Change in Unearned Revenue | -0.36 | -0.15 | -3.25 | 0.4 | -2.36 | 1.06 |
Change in Other Net Operating Assets | -5.22 | -84.78 | 59.78 | 59.53 | 11.69 | -20.96 |
Operating Cash Flow | -84.38 | -153.4 | -21.2 | -60.7 | -117.6 | -134.3 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Capital Expenditures | -3.01 | -1.17 | -3.09 | -9.43 | -30.54 | -15.69 |
Sale of Property, Plant & Equipment | - | - | - | - | - | 0.01 |
Cash Acquisitions | -3.7 | - | - | -48.53 | - | 30.84 |
Divestitures | - | 4.52 | - | - | - | - |
Sale (Purchase) of Intangibles | -2.65 | -2.65 | - | - | - | - |
Investment in Securities | -11.72 | -11.71 | 17.22 | 123.94 | -141.42 | 1.76 |
Other Investing Activities | -33.85 | -27.12 | - | - | - | - |
Investing Cash Flow | -54.93 | -38.12 | 14.13 | 65.97 | -171.96 | 16.92 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Short-Term Debt Issued | - | 5 | - | - | - | - |
Long-Term Debt Issued | - | 23.75 | - | - | - | - |
Total Debt Issued | - | 28.75 | - | - | - | - |
Short-Term Debt Repaid | - | -5 | - | - | - | - |
Long-Term Debt Repaid | - | -7.88 | - | - | - | -0.5 |
Total Debt Repaid | -7.88 | -12.88 | - | - | - | -0.5 |
Net Debt Issued (Repaid) | -7.88 | 15.88 | - | - | - | -0.5 |
Issuance of Common Stock | 140.91 | 70.81 | 46.51 | - | 0 | 349.12 |
Repurchase of Common Stock | -1.69 | -3.07 | -2.69 | -2.63 | -2.59 | -84.53 |
Other Financing Activities | -3.3 | -1.53 | - | - | - | -7.26 |
Financing Cash Flow | 128.05 | 82.08 | 43.82 | -2.63 | -2.58 | 256.83 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Foreign Exchange Rate Adjustments | -0.27 | 0.59 | -1.5 | 0.44 | -0.85 | -0.06 |
Net Cash Flow | -11.52 | -108.84 | 35.25 | 3.08 | -292.99 | 139.38 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | -87.39 | -154.57 | -24.29 | -70.13 | -148.14 | -149.99 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -7.84% | -6.62% | -0.71% | -9.65% | -263.48% | -380.33% |
Free Cash Flow Per Share | -3.34 | -12.79 | -4.15 | -19.68 | -52.04 | -69.42 |
Levered Free Cash Flow | -33.94 | -9.88 | -30.67 | -72.13 | -76.22 | -28.32 |
Unlevered Free Cash Flow | -33.81 | -9.76 | -30.67 | -72.13 | -76.22 | -28.16 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 Income Tax Paid | - | - | - | 0.24 | - | - |
Change in Working Capital | -22.6 | -91.31 | 46.32 | 41.9 | 2.91 | -24.07 |