Bakkt, Inc. (BKKT)

7.69 -8.67% (-0.73)

Over 6M: -22.8%

2026-08-28
Style
Area Line Line with markers Steps Candles Hollow candles Bars

Candles need the day’s open, high and low. Those are being collected now — a company shows them once its history has been refreshed.

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 — Revenue: 8.5M Q2 '21 — Free Cash Flow: -21.9M Q2 '21 — Net Income: -31.9M Q3 '21 — Revenue: 9.1M Q3 '21 — Free Cash Flow: -27.7M Q3 '21 — Net Income: -28.8M Q1 '22 — Revenue: 12.5M Q1 '22 — Free Cash Flow: -36.3M Q1 '22 — Net Income: -7.1M Q2 '22 — Revenue: 14M Q2 '22 — Free Cash Flow: -38.9M Q2 '22 — Net Income: -3.9M Q3 '22 — Revenue: 13.2M Q3 '22 — Free Cash Flow: -41.2M Q3 '22 — Net Income: -468.1M Q4 '22 — Revenue: 15.9M Q4 '22 — Free Cash Flow: -31.7M Q4 '22 — Net Income: -98.9M Q1 '23 — Revenue: 13.2M Q1 '23 — Free Cash Flow: -51M Q1 '23 — Net Income: -14M Q2 '23 — Revenue: 347.6M Q2 '23 — Free Cash Flow: -33.6M Q2 '23 — Net Income: -16.8M Q3 '23 — Revenue: 204.8M Q3 '23 — Free Cash Flow: 22.7M Q3 '23 — Net Income: -17.3M Q4 '23 — Revenue: 161.4M Q4 '23 — Free Cash Flow: -8.3M Q4 '23 — Net Income: -26.7M Q1 '24 — Revenue: 854.6M Q1 '24 — Free Cash Flow: 36.6M Q1 '24 — Net Income: -8.2M Q2 '24 — Revenue: 509.9M Q2 '24 — Free Cash Flow: -66.4M Q2 '24 — Net Income: -16.4M Q3 '24 — Revenue: 328.4M Q3 '24 — Free Cash Flow: -25.6M Q3 '24 — Net Income: -2.9M Q4 '24 — Revenue: 1.7B Q4 '24 — Free Cash Flow: 31.1M Q4 '24 — Net Income: -19.2M Q1 '25 — Revenue: 1.1B Q1 '25 — Free Cash Flow: -101.4M Q1 '25 — Net Income: 7.7M Q2 '25 — Revenue: 577.9M Q2 '25 — Free Cash Flow: 5.3M Q2 '25 — Net Income: -14.7M Q3 '25 — Net Income: -14.9M Q4 '25 — Net Income: -85.3M Q1 '26 — Net Income: -11.7M Q2 '26 — Net Income: 80.8M 0 500M 1B 1.5B 2B
Q3 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26
Revenue Free Cash Flow Net Income

Figures as at 2025-12-31, reported in USD. The newest fact in the filings is dated 2026-06-30, 61 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?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 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?

6.7
ND/EBITDA —
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.