Company Overview
Bakkt, Inc. engages in digital building financial infrastructure business. The company offers Bakkt Market solutions, which enables institutions to launch secure, compliant, and advanced digital asset brokerage, trading and payment capabilities through a plug-and-play platform; Bakkt Agent provides programmable access to Bakkt's financial infrastructure through an intelligent software layer that coordinates onboarding, account creation, funding, and global money movement; and Bakkt Global enables Bakkt to expand its technology and infrastructure into international markets. It also provides solutions that enable institutional participation in the digital asset economy. The company serves various clients, such as financial institutions, hedge funds, merchants, retailers, third party partners, and other businesses. It markets its products and services using various business-to-business channels, such as email marketing and targeted digital advertisements; indirect marketing; and its website, blog, and social media platforms. The company offers its services in the United States, Latin America, Europe, and Asia. The company was formerly known as Bakkt Holdings, Inc. and changed its name to Bakkt, Inc. in January 2026. Bakkt, Inc. was founded in 2018 and is headquartered in Atlanta, Georgia.
Why Investors Should Care
Revenue has grown at a 200.9% CAGR over the past five years.
Carries low leverage with a debt-to-equity ratio of 0.05.
Recent Developments
- Dec 2025 Revenue of $2.34B (-32.1% YoY); net profit $-107.21M.
- Trailing 12 Months Year-on-year growth — revenue -77.1%.
- 5-Year Trend Long-term compounding — revenue CAGR 200.9%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 200.88% |
| 1 Year: | -77.10% |
Stock Price Performance
| 1 Year: | -14.74% |
| 6 Months: | -10.33% |
| 3 Months: | +6.39% |
| 1 Month: | +16.99% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMABelow
- RSI (14)55.02 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 200.9% over 5 years.
CONS
- Trading 81.5% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BKKT Bakkt, Inc. R2KTECH | 8.33 | -1.00 | $372.41M | 0.00% | -109.21% | -101.96% | 200.88% | - |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 230.36 | 35.28 | $5.58T | 0.46% | 74.66% | 114.29% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 319.97 | 36.69 | $4.67T | 0.35% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 499.70 | 27.85 | $3.71T | 0.73% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 426.34 | 37.46 | $2.21T | 0.91% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 357.90 | 59.55 | $1.70T | 0.62% | 16.70% | 37.28% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 1,016.59 | 22.97 | $1.15T | 0.06% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 477.57 | 122.14 | $779.62B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,714.88 | 58.49 | $658.69B | 0.53% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | 8.14M | 8.49M | 9.14M | 11.48M | 12.53M | 14.04M | 13.21M | 13.22M | 347.63M | 204.77M | 854.58M | 509.90M | 328.42M | 1.07B | 577.88M | - | - | - |
| Operating Income | -17.54K | -28.41M | -31.32M | -29.86M | -74.55M | -48.49M | -43.55M | -1.59B | -45.45M | -51.09M | -52.86M | -31.84M | -22.02M | -25.14M | -15.44M | -18.49M | -25.26M | -16.92M | -19.61M |
| Net Income | -3.03M | -28.82M | -31.89M | -28.85M | -43.99M | -7.13M | -3.90M | -468.13M | -13.98M | -16.85M | -17.33M | -8.16M | -16.42M | -2.89M | 7.71M | -14.73M | -14.92M | -11.65M | 80.84M |
| Diluted EPS | - | - | - | - | -0.81 | -0.14 | -0.05 | -6.11 | -4.27 | -4.69 | -4.74 | -1.86 | -2.67 | -0.45 | 1.13 | -2.16 | -1.15 | -0.41 | 1.94 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 28.50M | 56.22M | 726.99M | 3.44B | 2.34B |
| Cost of Revenue | - | 1.66M | 718.51M | 3.40B | 2.31B |
| Gross Profit | - | 54.57M | 8.48M | 37.85M | 26.85M |
| Operating Expenses | - | 231.89M | 119.41M | 111.37M | 168.57M |
| Operating Income | -79.12M | -177.32M | -110.93M | -73.52M | -141.71M |
| EBITDA | - | -151.97M | -97.00M | -73.18M | -141.11M |
| Interest Expense | - | - | - | - | - |
| Pretax Income | - | -2.00B | -153.30M | -94.30M | -97.38M |
| Tax Provision | - | -11.32M | 355.00K | 110.00K | -49.00K |
| Net Income | -79.61M | -578.11M | -74.85M | -46.66M | -107.21M |
| Diluted EPS | - | -203.08 | -21.01 | -7.97 | -8.87 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Jul 2020 | Dec 2020 | Oct 2021 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 468.38M | - | 2.41B | 455.50M | 265.31M | 269.38M | 162.79M |
| Total Equity | 0 | 5.00M | -54.35M | 468.40M | 96.26M | 48.28M | 33.89M | 112.78M |
| Cash & Equivalents | - | 75.36M | 13.91M | 391.36M | 98.33M | 52.88M | 39.05M | 26.96M |
| Total Liabilities | - | 58.59M | - | 120.11M | 119.43M | 129.60M | 206.52M | 50.01M |
| Current Liabilities | - | 51.08M | - | 73.60M | 92.13M | 100.52M | 137.72M | 33.03M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -30.94M | -117.60M | -60.70M | -21.20M | -153.40M |
| Investing Cash Flow | -7.93M | -171.96M | 65.97M | 14.13M | -38.12M |
| Financing Cash Flow | 37.49M | -2.58M | -2.63M | 43.82M | 82.08M |
| Share Buybacks | - | 2.59M | 2.63M | 2.69M | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2020 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Gross Margin % | - | 97.1% | 1.2% | 1.1% | 1.1% |
| Operating Margin % | -277.7% | -315.4% | -15.3% | -2.1% | -6.1% |
| Net Margin % | -279.4% | -1,028.2% | -10.3% | -1.4% | -4.6% |
| ROE % | -1,592.1% | -600.5% | -155.0% | -137.7% | -95.1% |
| ROCE % | -19.0% | -48.8% | -67.3% | -55.8% | -109.2% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 6.85% | 3.09M | $23.73M |
| 2 | Vanguard Capital Management LLC | 2.75% | 1.24M | $9.53M |
| 3 | Geode Capital Management, LLC | 2.27% | 1.02M | $7.87M |
| 4 | Tidal Investments LLC | 2.10% | 945.00K | $7.27M |
| 5 | Alpine Fox Capital LLC | 2.01% | 905.00K | $6.96M |
| 6 | State Street Corporation | 1.62% | 732.00K | $5.63M |
| 7 | Weiss Asset Management Lp | 1.51% | 678.53K | $5.22M |
| 8 | Renaissance Technologies, LLC | 0.69% | 309.29K | $2.38M |
| 9 | Horizon Kinetics Asset Management LLC | 0.62% | 279.96K | $2.15M |
| 10 | UBS Group AG | 0.57% | 256.26K | $1.97M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for BKKT
$BKKT stock is up 10% today. Here's what we see in our data. - quiverquant.com
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Matt White moves from CoreCard to Bakkt—what comes with his new role? - Stock Titan
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Bakkt: 'Three Engine' Flywheel Has A Unit Economics Problem (NYSE:BKKT) - Seeking Alpha
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BKKT — Frequently Asked Questions
What is the current share price of Bakkt, Inc. (BKKT)?
As of 2026-09-07 16:24 PDT, Bakkt, Inc. (BKKT) trades at $8.33 on NYSE. Its 52-week range is $6.85 to $45.04.
What is the market capitalisation of BKKT?
Bakkt, Inc. (BKKT) has a market capitalisation of $372.41M on NYSE.
What is the P/E ratio of BKKT?
BKKT trades at a trailing price-to-earnings (P/E) ratio of -1.00. The industry average P/E is 32.42. Its price-to-book (P/B) ratio is 1.35.
What is the return on equity (ROE) of BKKT?
BKKT has a return on equity (ROE) of -101.96%. Its return on capital employed (ROCE) is -109.21%.
Is BKKT a good stock to buy?
This page provides a data-driven analysis of Bakkt, Inc. (BKKT), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.