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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 20, 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
Market Cap	376	256	161	204	94	486
Market Cap Growth	136.60%	58.89%	-20.90%	118.00%	-80.77%	460.57%
Enterprise Value	293.94	229.05	151.19	221.04	93.94	1,921
Last Close Price	7.85	10.04	24.77	55.75	29.75	212.75
PS Ratio	0.25	0.11	0.05	0.28	1.66	-
PB Ratio	1.41	2.27	4.76	4.22	0.97	1.04
P/TBV Ratio	0.98	2.85	-	-	3.45	-
EV/Sales Ratio	0.19	0.10	0.04	0.30	1.67	-
Net Debt / Equity Ratio	-0.47	-0.24	-1.15	-1.46	-2.49	-0.84
Net Debt / EBITDA Ratio	4.45	0.19	0.48	0.49	0.12	5.66
Net Debt / FCF Ratio	1.22	0.18	1.61	1.00	1.62	4.50
Asset Turnover	8.10	10.81	12.87	2.02	0.04	0
Quick Ratio	2.96	1.19	0.34	0.99	2.87	5.56
Current Ratio	4.13	2.19	1.33	1.80	3.54	6.30
Return on Equity (ROE)	-92.74%	-110.84%	-95.09%	-65.14%	-153.03%	-10.45%
Return on Assets (ROA)	-9.83%	-68.38%	-30.93%	-43.45%	-141.50%	-4.77%
Return on Invested Capital (ROIC)	-20.99%	-270.16%	-185.31%	-193.20%	-203.09%	-6.15%
Return on Capital Employed (ROCE)	-11.82%	-113.10%	-55.72%	-59.16%	-149.32%	-5.41%
Buyback Yield / Dilution	-174.73%	-106.49%	-64.31%	-25.17%	-31.03%	-304.45%
Total Shareholder Return	-174.73%	-106.49%	-64.31%	-25.17%	-31.03%	-304.45%

SEC Filings: 10-K · 10-Q