Bakkt Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 25, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	353	160	204	94	486	267
Market Cap Growth	270.40%	-21.32%	118.00%	-80.77%	82.29%	-
Enterprise Value	296	199	283	320	462	-
Last Close Price	10.10	24.77	55.75	29.75	212.75	252.00
PS Ratio	0.09	0.05	0.26	1.66	12.34	9.37
PB Ratio	1.45	2.55	1.50	0.28	0.21	0.69
P/TBV Ratio	7.90	-	-	3.81	-	2.88
EV/Sales Ratio	0.08	0.06	0.36	5.69	11.72	-
Debt / Equity Ratio	0.10	0.38	0.20	0.08	0.01	0.01
Net Debt / Equity Ratio	-0.41	-0.27	-0.32	-0.65	-0.17	-0.19
Net Debt / EBITDA Ratio	0.76	0.20	0.38	1.43	2.23	1.73
Net Debt / FCF Ratio	0.47	0.69	0.63	1.48	2.53	1.45
Asset Turnover	5.37	13.06	2.17	0.04	0.03	0.09
Quick Ratio	1.41	0.46	0.99	2.87	5.56	1.72
Current Ratio	2.24	1.34	1.80	3.54	6.30	2.59
Return on Equity (ROE)	-67.52%	-104.19%	-95.73%	-151.31%	-22.67%	-29.49%
Return on Assets (ROA)	-6.10%	-19.57%	-22.23%	-7.72%	-7.95%	-9.76%
Return on Capital Employed (ROCE)	-34.40%	-63.60%	-77.80%	-48.80%	-7.80%	-12.10%
Earnings Yield	-11.77%	-29.09%	-36.71%	-618.13%	-37.66%	-29.83%
FCF Yield	-32.12%	-15.14%	-34.40%	-158.40%	-30.83%	-19.30%
Buyback Yield / Dilution	-59.01%	-64.31%	-25.17%	-31.75%	99.75%	-46.40%

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

SEC Filings: 10-K · 10-Q