Bakkt, Inc. (BKKT)

7.67USD -0.26% (-0.02)

Over 6M: -20.0%

Style
Area Line Line with markers Steps Candles Hollow candles Bars

Candles and bars need the day’s open, high and low, and need room to be drawn in: past about a year of trading a body is thinner than a hairline, so those three offer the longest window that fits instead.

8 10 12
Mar Apr May Jun Jul Aug

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q2 '21 — Operating Income: -31.3M Q2 '21 — Free Cash Flow: -21.9M Q3 '21 — Operating Income: -29.9M Q3 '21 — Free Cash Flow: -27.7M Q1 '22 — Operating Income: -48.5M Q1 '22 — Free Cash Flow: -36.3M Q2 '22 — Operating Income: -43.6M Q2 '22 — Free Cash Flow: -38.9M Q3 '22 — Operating Income: -1.6B Q3 '22 — Free Cash Flow: -41.2M Q4 '22 — Operating Income: -332M Q4 '22 — Free Cash Flow: -31.7M Q1 '23 — Operating Income: -45.4M Q1 '23 — Free Cash Flow: -51M Q2 '23 — Operating Income: -51.1M Q2 '23 — Free Cash Flow: -33.6M Q3 '23 — Operating Income: -52.9M Q3 '23 — Free Cash Flow: 22.7M Q4 '23 — Operating Income: -6.8M Q4 '23 — Free Cash Flow: -8.3M Q1 '24 — Operating Income: -31.8M Q1 '24 — Free Cash Flow: 36.6M Q2 '24 — Operating Income: -22M Q2 '24 — Free Cash Flow: -66.4M Q3 '24 — Operating Income: -25.1M Q3 '24 — Free Cash Flow: -25.6M Q4 '24 — Operating Income: -10M Q4 '24 — Free Cash Flow: 31.1M Q1 '25 — Operating Income: -15.4M Q1 '25 — Free Cash Flow: -101.4M Q2 '25 — Operating Income: -16.1M Q2 '25 — Free Cash Flow: 5.3M Q3 '25 — Operating Income: -25.3M Q4 '25 — Operating Income: -91M Q1 '26 — Operating Income: -16.9M Q2 '26 — Operating Income: -19.6M -1.4B -1.1B -700M -350M 0 350M
Q3 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26
Operating Income Free Cash Flow

Figures as at 2025-12-31, reported in USD. The newest fact in the filings is dated 2026-06-30, 62 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

2.3
OE margin -6.5%
Oper. margin -6.5%
ROIC -39.7%
Accruals 13.2%
FCF margin -3.7%
OCF margin -3.6%
ROA -7.7%
ROCE -41.0%
ROE -8.7%
Gross margin —
OCF / EBIT —

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

5.7
EV/Sales 0.13×
EV/OE -1.9×
P/B 0.97×
P/C 6.9×
FCF yield -24.8%
Div. yield —
EV/EBIT —
EV/GP —
Fwd P/E —
P/E —
PEG —

2 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

1.0
RPO / sales 0.0036×
RPO growth -45.5%
Segment HHI —

3 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

7.0
ND/EBITDA 0.17
Cash runway 0.59 yr
Debt / Eq 0.0×
Debt payback 0.0 yr
Quick ratio 3.1×
F-score 2.6 pts
Cash / Debt —
Interest cover —
Payout —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

5.8
Sales CAGR 4Y +141.4%
Sales/sh Y/Y -67.2%
Sales Q/Q +13.3%
Shares change +106.6%
Div. growth —
EBIT CAGR —
EBIT Y/Y —
EPS CAGR 4Y —
EPS Y/Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.