Bakkt, Inc. BKKT R2K
Bakkt, Inc. engages in digital building financial infrastructure. 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 through strategic investments in jurisdiction-specific entities operating in regulated financial markets. It also provides solutions that enable institutional participation in the digital asset economy. The company serves client, 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 direct marketing, including 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 New York, New York.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 246.3% over 5 years.
- Profit CAGR of 27.2% over 5 years.
CONS
- Trading 75.9% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
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
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
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. R2K | 10.87 | - | $485.96M | - | -109.21% | -101.96% | 246.31% | 27.15% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
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 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 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 | - | - | 1.07B | 577.88M | 402.21M | 299.17M | 243.59M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05B | 561.07M | 396.81M | 295.87M | 239.97M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.12M | 16.81M | 5.40M | 3.31M | 3.62M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 26.33M | 35.30M | 25.07M | 94.02M | 20.55M |
| 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 | - | - | -15.21M | -18.49M | -19.68M | -90.71M | -16.92M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -14.99M | -18.34M | -21.38M | -90.63M | -16.86M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 50.00K | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 19.44M | -30.09M | -21.58M | -68.43M | -11.42M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 49.00K | 60.00K | -25.00K | -150.00K | 12.00K |
| 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 | - | - | 7.71M | -14.73M | -14.92M | -85.27M | -11.65M |
| Diluted EPS | - | - | - | - | -0.81 | -0.14 | -0.05 | -6.11 | -4.27 | -4.69 | -4.74 | -1.86 | -2.67 | - | -2.95 | 1.13 | -2.16 | -1.15 | - | -0.41 |
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 |
Compounded Sales Growth
| 5 Years: | 246.31% |
| 1 Year: | -77.10% |
Compounded Profit Growth
| 5 Years: | 27.15% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -6.62% |
| 6 Months: | -29.28% |
| 3 Months: | +13.70% |
| 1 Month: | +38.30% |
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 | - | - | 455.50M | 265.31M | 269.38M | 162.79M |
| Current Assets | - | - | - | - | 326.46M | 181.09M | 183.84M | 72.20M |
| Cash & Equivalents | - | 75.36M | 13.91M | - | 98.33M | 52.88M | 39.05M | 26.96M |
| Inventory | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | 25.31M | 29.66M | 6.00M | 4.34M |
| Total Liabilities | - | 58.59M | - | - | 119.43M | 129.60M | 206.52M | 50.01M |
| Current Liabilities | - | 51.08M | - | - | 92.13M | 100.52M | 137.72M | 33.03M |
| Long Term Debt | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | - | 26.42M | 27.16M | 19.90M | 549.00K |
| Total Equity | 0 | 5.00M | - | - | 96.26M | 48.28M | 33.89M | 112.78M |
| Shares Outstanding | - | - | - | - | 3.24M | 3.79M | 6.51M | 25.52M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | 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 |
| Capital Expenditure | - | - | -30.54M | -9.43M | -3.09M | -3.82M |
| Free Cash Flow | - | - | -148.14M | -70.13M | -24.29M | -157.22M |
| Net Change in Cash | - | - | -292.14M | 2.64M | 36.75M | -109.44M |
| 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. | 2.59% | 1.15M | $12.54M |
| 2 | Alyeska Investment Group, L.p. | 2.29% | 1.02M | $11.13M |
| 3 | Tidal Investments LLC | 2.12% | 947.55K | $10.30M |
| 4 | Weiss Asset Management Lp | 1.52% | 678.53K | $7.38M |
| 5 | Vanguard Capital Management LLC | 1.40% | 623.34K | $6.78M |
| 6 | Geode Capital Management, LLC | 1.28% | 569.84K | $6.19M |
| 7 | LMR Partners LLP | 1.27% | 566.97K | $6.16M |
| 8 | Renaissance Technologies, LLC | 0.99% | 441.10K | $4.79M |
| 9 | Citadel Advisors Llc | 0.82% | 367.09K | $3.99M |
| 10 | Horizon Kinetics Asset Management LLC | 0.71% | 316.54K | $3.44M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for BKKT