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Bakkt, Inc.

Data quality: 100%
BKKT
NYSE Financial Services Nondepository Credit Institutions
$8.27
▲ $0.32 (4.03%)
Mkt Cap: 252.75 M
Price
$8.27
Mkt Cap
252.75 M
Day Range
$7.70 — $8.60
52-Week Range
$6.87 — $49.79
Volume
760,736
Open $7.75
50D / 200D Avg
$10.15
18.55% below
50D / 200D Avg
$15.72
47.41% below

Quick Summary

Key Takeaways

Revenue grew 277.65% annually over 5 years — strong growth
Negative free cash flow of -153.40 M
Revenue growth is decelerating — 1Y growth trails 5Y average by 310.74%

Growth

Revenue Growth (5Y)
277.65%
Above sector avg (6.38%)
Revenue (1Y)-33.09%
Earnings (1Y)N/A
FCF Growth (3Y)N/A

Quality

Return on Equity
-143.25%
Below sector avg (10.70%)
ROIC-77.49%
Net Margin-4.59%
Op. Margin-6.33%

Safety

Debt / Equity
N/A
Current Ratio2.24
Interest Coverage-186.90

Valuation

PE (TTM)
-2.36
Below sector avg (12.63)
P/B Ratio2.21
EV/EBITDAN/A
Dividend YieldN/A

Price History

Financial Trends

Peer Comparison

vs Financial Services sector median (1096 peers)
Metric Stock Sector Median
P/E -2.4 12.6
P/B 2.2 1.4
ROE % -143.3 10.7
Net Margin % -4.6 14.8
Rev Growth 5Y % 277.7 6.4
D/E — 0.5

ETFs Holding This Stock

BCDF logo BCDF Horizon Kinetics Blockchain Development ETF
0.70% weight

All Fundamental Metrics
Growth
Revenue Growth (1Y) -33.09% Revenue Growth (3Y) 73.01%
Earnings Growth (1Y) N/A Earnings Growth (3Y) N/A
Revenue Growth (5Y) 277.65% Earnings Growth (5Y) N/A
Profitability
Revenue (TTM) 2.34 B Net Income (TTM) -107.21 M
ROE -143.25% ROA -47.82%
Gross Margin N/A Operating Margin -6.33%
Net Margin -4.59% Free Cash Flow (TTM) -153.40 M
ROIC -77.49% FCF Growth (3Y) N/A
Safety
Debt / Equity N/A Current Ratio 2.24
Interest Coverage -186.90 Asset Turnover 10.42
Working Capital 66.70 M Tangible Book Value 44.19 M
Dividends
Dividend Yield N/A Payout Ratio N/A
Dividend Growth (3Y) N/A Dividend Growth (5Y) N/A
Consecutive Div Years N/A
Valuation
P/E Ratio -2.36 Forward P/E N/A
P/B Ratio 2.21 P/S Ratio 0.11
PEG Ratio N/A Forward PEG N/A
EV/EBITDA N/A Fwd EV/EBITDA N/A
Forward P/S N/A Fwd Earnings Yield N/A
FCF Yield -60.69%
Market Cap 252.75 M Enterprise Value 194.43 M
Per Share
EPS (Diluted TTM) -8.87 Revenue / Share 76.41
FCF / Share -5.02 OCF / Share -5.02
EPS CAGR (1Y) N/A EPS CAGR (5Y) N/A
EPS CAGR (10Y) N/A
Efficiency
CapEx / Revenue N/A FCF Conversion 143.08%
SBC-Adj. FCF -173.83 M Growth Momentum -310.74

Income Statement

Annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2020
Revenue 2.34 B 3.49 B 780.14 M 54.57 M —
Net Income -107.21 M -46.66 M -74.85 M -578.11 M -1.00 M
EPS (Diluted) -8.87 -7.97 -0.84 -8.12 —
Gross Profit — — — — —
Operating Income -147.84 M -92.92 M -227.89 M -2.02 B -1.01 M
EBITDA — — — — —
R&D Expenses — — — — —
SG&A Expenses — — — — —
D&A 607,000.0 343,000.0 13.93 M 25.35 M —
Interest Expense 791,000.0 4.32 M 4.34 M 1.88 M —
Income Tax -49,000.0 170,000.0 444,000.0 -11.32 M —

Balance Sheet

Annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2020
Total Assets 162.79 M 269.38 M 966.87 M 455.50 M 208.79 M
Total Liabilities 50.01 M 206.52 M 831.15 M 119.43 M 8.15 M
Shareholders' Equity 112.78 M 33.89 M 48.28 M 96.26 M 5.00 M
Total Debt — — — — 0.0
Cash & Equivalents 26.96 M 39.05 M 52.88 M 98.33 M —
Current Assets 72.20 M 183.85 M 882.64 M 326.47 M 1.41 M
Current Liabilities 33.03 M 137.72 M 802.07 M 92.13 M 895,645.0