Bakkt Holdings, Inc. BKKT

8.50 (0.58) (6.39%) as of 25 Sep
Market cap
$398.0M
P/E
0.0×
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 9.13
Total sells 0.33
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — 1 1 — 1 —
Sell — — 1 — 1 1 4 — 4 3 — —
Insider Ownership 34.75%

Capital & Financial Ratios

Market Cap 397.96
Revenue 1,115.13
Net Income (49.13)
Free Cash Flow (87.38)
Net Debt (51.01)
Current Ratio 3.14
Debt/Equity 0.00
P/E ratio 0.00
P/S ratio 0.31
P/B ratio 0.99
Past 5Y EPS Growth (14.18%)
This Y EPS Growth 130.08%
Next Y EPS Growth (101.02%)
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 102 64 28 51
Receivables 30 8 12 11
Inventory — — — —
Other 36 108 30 34
181 184 72 97
2023 2024 2025 Q'26
Payables 55 14 15 10
ST’ Debt — — — —
Other 8 35 3 1
101 138 33 31
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 141.39% 246.31%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — (22.74%) (30.51%)

Revenue

Mar Jun Sep Dec Year
’26 244 170 — — —
’25 1,066 568 402 299 2,335
’24 855 510 316 1,760 3,441
’23 13 348 205 161 727
’22 13 14 13 16 56
’21 8 8 9 14 39
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (12) (15) — — —
’25 (101) 5 (47) (11) (153)
’24 38 (66) (25) 31 (21)
’23 (47) (31) 25 (7) (61)
’22 (33) (27) (33) (24) (118)
’21 (1) (18) (25) (91) (134)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (13) (16) — — —
’25 (101) 5 (50) (11) (157)
’24 37 (66) (26) 31 (24)
’23 (51) (34) 23 (8) (70)
’22 (36) (39) (41) (32) (148)
’21 (5) (22) (28) (95) (150)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.41) 1.94 — — —
’25 1.13 (2.16) (1.15) (7.00) (8.87)
’24 (1.86) (2.67) (0.45) (2.95) (7.97)
’23 (4.25) (4.75) (4.75) (7.25) (21.00)
’22 (3.50) (1.25) (152.75) (31.00) (202.75)
’21 (50.00) 0.82 (0.02) (90.72) (140.72)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — 240.00 200.00 29.00 16.03 5.57 6.81

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — 275.00 1,270.00 225.25 71.75 59.50 49.79
High Price
— — — — 3 765 1,037 747 559 48
Employees
— — — — 9 0 0 1 6 49
Revenue/Emp
— — — — 28 39 56 727 3,441 2,335
Revenue
— — — — 100.00% 100.00% 97.05% 1.17% 1.10% 1.15%
Gross Margin
— — — — (79) (293) (2,001) (153) (94) (97)
EBT
— — — — (277.99%) (742.70%) (3,559.43%) (21.09%) (2.74%) (4.17%)
EBT Margin
— 0 — — (80) (304) (1,990) (226) (103) (132)
Net Income
— — — — 8 17 1,847 74 0 1
Depreciation
— — — — 1.10 18.25 19.75 204.04 587.71 193.15
Revenue/Sh
— — — — (3.96) (55.98) (202.75) (21.00) (7.97) (8.87)
Earnings/Sh
— — — — (1.19) (62.16) (41.31) (17.04) (3.62) (12.69)
Cash Flow/Sh
— — — — (0.79) (7.26) (10.73) (2.65) (0.53) (0.32)
Capex/Sh
— — — — (1.99) (69.41) (52.03) (19.68) (4.15) (13.00)
Free CF/Sh
— — — — 15.81 1,061.77 118.05 38.09 10.73 9.33
Book Value/Sh
— — — — 26 2 3 4 6 12
Shares
— — — — 0.00 0.00 0.00 0.00 0.00 0.00
PE Ratio
— — — — 0.00 11.66 1.47 0.26 0.04 0.05
PS Ratio
— — — — 36.70 0.20 0.25 1.39 2.31 1.08
PB Ratio
— — — — 0.00 1.77 (2.83) 0.14 0.03 0.05
EV/Sales
— — — — 0.00 (0.47) 1.08 (1.49) (4.08) (0.75)
EV/FCF
— — — — (31) (134) (118) (61) (21) (153)
Op' Cash Flow
— — — — (21) (16) (31) (9) (3) (4)
Capex
— — — — (52) (150) (148) (70) (24) (157)
FCF
— — — — 81 390 234 81 46 39
Working Cap'
— — — — — 29 37 — — —
Total Debt
— — — — (94) (408) (256) (102) (64) (28)
Net Debt
— — — — 410 2,294 336 136 63 113
Sh' Equity
— — — — (33.99%) (12.71%) (40.29%) (20.77%) (17.45%) (49.62%)
ROA
— — — — (15.64%) (7.11%) (1,573.73%) (290.67%) 0.00% (108.69%)
ROIC
— — — — (24.65%) (13.55%) (43.96%) (31.73%) (47.00%) (122.09%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

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Bakkt Holdings, Inc. (BKKT) key facts

  • Bakkt Holdings, Inc. (BKKT) is a Software Infrastructure company in the Technology sector, listed on the New York Stock Exchange.
  • Bakkt Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, down 32.1% from fiscal 2024.
  • As of September 25, 2026, BKKT traded at $8.50, a market capitalization of $398.0 million.
  • Return on equity was −122.1% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

Bakkt Holdings, Inc. (BKKT) Latest News

News by impact score

Fine-tune

17 Aug

3 transcript

Bakkt Holdings, Inc. held its Q2 2026 earnings call. Earnings call delivers quarterly financial results and outlook for Bakkt.

3

Bakkt Holdings appoints new CFO to lead stablecoin growth push. CFO hire targets stablecoin expansion with moderate strategic effect on operations.

11 Aug

4

Bakkt Holdings reported strong GAAP net income for Q2 2026 alongside strategic developments in its earnings call highlights. Strong GAAP net income and strategic updates signal major positive shifts for Bakkt's performance trajectory.

10 Aug

3

Bakkt Holdings Q2 earnings call covered financial results, operational updates and strategic outlook for the company. Q2 earnings details typically produce moderate short-term effects on stock price and sentiment.

3 transcript

Bakkt Holdings, Inc. held its Q2 2026 earnings call, covering financial results, operational updates, and forward guidance. Quarterly earnings calls deliver performance data that moderately shapes near-term investor views and operations.

31 Jul

4

Equiniti CEO Dan Kramer highlighted a trillion dollar tokenization opportunity during a live appearance at Nasdaq, underscoring major prospects for Bakkt Holdings in digital assets. Tokenization opportunity discussion at Nasdaq signals major strategic growth potential for BKKT in digital asset services.

12 May

4

Bakkt Holdings reports sharp Q1 revenue drop and pivots toward stablecoin payments strategy. Sharp Q1 revenue decline forces strategic pivot to stablecoin payments, likely reshaping competitive positioning and investor outlook.

11 May

3

Bakkt Q1 revenue dropped 30% to $27.8 million from $39.9 million, net loss narrowed to $47.4 million from $52.8 million, gross profit margin hit 57.4%. Monthly active app users rose 36% to 2.6 million, new crypto trading products launched, cost-saving measures advanced. Q1 results show narrowed losses, margin gains, and user growth despite revenue decline, moderately affecting financial trajectory and investor sentiment.

17 Mar

3

Bakkt Holdings, Inc. released Q4 2025 earnings call summary detailing financial results, operational updates, and future guidance for its cryptocurrency and digital asset platform. Q4 2025 earnings summary offers moderate insights into financials and strategy, potentially influencing investor sentiment without transformative shifts.

5 Mar

4

Intercontinental Exchange (ICE), NYSE owner, intensifies cryptocurrency involvement through Bakkt Holdings (BKKT), while a top fund manager expresses strong bullish outlook on BKKT stock. ICE's deeper crypto push and top fund manager's bullish stance represent major strategic reinforcement likely to elevate BKKT's trajectory and investor confidence.

12 Feb

3

Bakkt Holdings, Inc. (BKKT) has experienced a significant 10% drop in its stock price, compounding its losses for the year. This decline has raised concerns among institutional investors, who may consider taking drastic measures in response to the company's ongoing struggles in the market. The situation highlights the volatility and challenges faced by Bakkt as it navigates a difficult financial landscape. The stock drop signals potential challenges in financial performance and market sentiment, which could moderately influence investor confidence and company operations.

13 Jan

4

Bakkt Holdings, Inc. has announced its acquisition of DTR, a firm specializing in stablecoin payments. This strategic move aims to enhance Bakkt's offerings in the digital asset space, particularly in facilitating cryptocurrency transactions and payments. The acquisition is expected to bolster Bakkt's position in the growing market for stablecoin solutions, aligning with the company's broader goals of expanding its digital asset ecosystem. The acquisition of DTR is a significant strategic move that could enhance Bakkt's competitive positioning in the digital payments market.

12 Jan

4

Bakkt Holdings, Inc. (BKKT) saw its stock price surge by 18% following the announcement of its acquisition of a stablecoin firm. This strategic move is expected to enhance Bakkt's offerings in the digital asset space, potentially attracting more users and investors. The acquisition aligns with Bakkt's goal to expand its services and strengthen its position in the cryptocurrency market. The acquisition of a stablecoin firm is a significant strategic move that could enhance Bakkt's market position and investor sentiment.

4

Bakkt Holdings, Inc. has announced its acquisition of Distributed Technologies Research, aiming to enhance its capabilities in stablecoin payments. This strategic move is part of Bakkt's broader initiative to expand its digital asset offerings and improve payment solutions, positioning the company to better compete in the evolving cryptocurrency market. The acquisition is a significant strategic move that could enhance Bakkt's competitive positioning in the growing stablecoin payments sector.

11 Nov

4

Bakkt Holdings, Inc. released Q3 2025 earnings call summary detailing financial results, operational updates, and forward guidance. Q3 2025 earnings call summary discloses key financial metrics and strategic outlook that significantly impact stock performance and investor confidence.

10 Nov

4 transcript

Bakkt Holdings, Inc. (BKKT) reported strong revenue growth in its Q3 2025 earnings call, highlighting strategic initiatives aimed at enhancing its market position. The company emphasized its focus on expanding product offerings and improving customer engagement, which contributed to the positive financial results. Management expressed optimism about future growth prospects and outlined plans for continued innovation in the digital asset space. Strong revenue growth and strategic initiatives indicate significant potential for future performance and market positioning.

8 Oct

4

Bakkt Holdings, Inc. is undergoing a strategic shift towards digital assets following the sale of its loyalty business. This move is aimed at enhancing its focus on cryptocurrency and digital asset services, positioning the company to capitalize on the growing market. The transition reflects a broader trend in the financial sector, where companies are increasingly integrating digital assets into their offerings. Analysts are evaluating the implications of this shift on Bakkt's valuation and future performance in the competitive landscape. The strategic shift towards digital assets is expected to significantly alter Bakkt's trajectory and investor sentiment.

6 Oct

4

Bakkt Holdings, Inc. is shifting its focus back to digital assets following a board shakeup and the sale of its loyalty business. The company aims to streamline operations and enhance its position in the digital asset market, responding to evolving industry dynamics and investor expectations. The strategic refocus on digital assets and the sale of a non-core business are significant moves that could alter the company's trajectory and investor sentiment.

3 Oct

4

Bitcoin has reached a two-month high above $120,000, leading to a significant surge in Bakkt Holdings, Inc. (BKKT) stock, which soared by 150%. This increase reflects growing investor interest in cryptocurrencies and the potential for Bakkt to capitalize on the rising market. The surge in Bitcoin's price is expected to positively influence Bakkt's operations and market position. The substantial rise in Bitcoin's price is likely to significantly impact Bakkt's market performance and investor sentiment.

2 Oct

4

Bitcoin has surged to a two-month high near $120,000, leading to a significant increase in Bakkt Holdings, Inc. (BKKT) stock, which soared by 150%. This rise in cryptocurrency prices has positively impacted investor sentiment and market dynamics surrounding crypto-related stocks. The substantial increase in Bitcoin's price is likely to significantly influence Bakkt's market performance and investor sentiment.

1 Oct

4

Bakkt Holdings, Inc. (BKKT) saw a 17% increase in its stock price following an upgrade from a benchmark firm, contributing to a remarkable 170% rally over the past two weeks. The upgrade reflects growing investor confidence in Bakkt's business model and market potential, particularly in the cryptocurrency and digital asset space. The stock upgrade and significant price rally indicate a substantial shift in investor sentiment and potential market dynamics for Bakkt.

30 Sep

4

Bakkt Holdings, Inc. (BKKT) experienced a 17% surge in share price following an analyst's decision to triple the price target to $40. This significant adjustment reflects growing confidence in the company's future performance and market position, potentially attracting more investor interest. The tripling of the price target indicates a significant shift in market sentiment and expectations for Bakkt's future performance.

28 Sep

3

Shareholders of Bakkt Holdings, Inc. approved the rebranding of Kimono-Maker Marusho Hotta to 'Bitcoin Japan'. This strategic move aims to enhance the company's presence in the cryptocurrency market, aligning with growing interest in Bitcoin and digital assets in Japan. The rebranding could moderately influence market positioning and investor sentiment in the cryptocurrency sector.

24 Sep

4

Clear Street has initiated a buy rating on Bakkt Holdings, Inc. (BKKT) as the company successfully pivots towards blockchain technology. This strategic shift is gaining traction and is expected to enhance Bakkt's market position and growth potential in the evolving digital asset landscape. The pivot towards blockchain technology is a significant strategic move that could alter Bakkt's trajectory and investor sentiment.

23 Sep

4

Bakkt Holdings, Inc. has undergone significant board changes and is enhancing its expertise in digital assets. These developments are aimed at improving the company's strategic direction and market positioning in the evolving digital asset landscape. Investors are closely monitoring these changes as they could influence Bakkt's future operations and overall valuation. Board changes and new expertise in digital assets are likely to significantly impact Bakkt's strategic direction and market performance.

22 Sep

4

Bakkt Holdings, Inc. (BKKT) experienced a surge of over 50% following a significant announcement that has excited investors. The announcement is expected to enhance the company's market position and attract more attention in the cryptocurrency sector, leading to increased trading activity and potential partnerships. The announcement is likely to significantly impact Bakkt's future performance and investor sentiment.

4

Bakkt Holdings, Inc. has appointed fintech veteran Mike Alfred to its board of directors, a move that has positively influenced the company's stock price. Alfred brings extensive experience in the financial technology sector, which is expected to enhance Bakkt's strategic direction and operational capabilities. The appointment reflects Bakkt's commitment to strengthening its leadership team as it navigates the evolving digital asset landscape. The addition of a seasoned fintech expert to the board is likely to significantly impact Bakkt's strategic direction and investor sentiment.

3

Bakkt Holdings, Inc. (BKKT) shares are experiencing a surge following the appointment of a new board member, which has sparked investor interest. The new board member is expected to bring valuable experience and insights to the company, potentially enhancing its strategic direction. Analysts are evaluating whether this leadership change could positively influence Bakkt's market position and financial performance, leading to speculation about the stock's future trajectory. The new board appointment may moderately influence Bakkt's strategic direction and investor sentiment.

3

Bakkt Holdings, Inc. announced the appointment of Mike Alfred from IREN to its Board of Directors, leading to a surge in its shares during pre-market trading. This strategic move is expected to enhance the company's leadership and direction in the digital asset space. The appointment of a new board member may influence Bakkt's strategic direction and market sentiment but is not expected to drastically change its overall trajectory.

8 Sep

4

Bakkt Holdings, Inc. is implementing a new strategy aimed at revitalizing its business model, which has led Benchmark to initiate coverage with a 'Buy' rating and a price target of $13. The company is focusing on enhancing its digital asset platform and expanding its partnerships to drive growth and improve market positioning. The strategic overhaul and new partnerships are expected to significantly influence Bakkt's market position and investor sentiment.

stockrow.com/BKKT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com