Saturday 17 October 2026 Export BKKT’s income statement to Excel — free account

Bakkt Holdings, Inc.

Bakkt Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, down 32.1% from fiscal 2024. In the quarter to June 2026, revenue fell 70.1%, EPS grew 190.7% and free cash flow fell 401.4%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

5.59 0.31 −5.25%

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Market cap: $265.9M
P/E: 0.0×
Fwd P/E: 27.0×
Dividend yield: —
F-score: 3/9
Altman Z: 5.31
Beneish M: 0.51
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '17	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	—	—	—	3	4	4	3
P/E ratio Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00
P/S ratio Full definition →	—	0.00	11.66	1.47	0.26	0.04	0.05
Altman Z-Score Full definition →	—	66.26	2.16	(15.54)	(1.88)	8.24	5.31
P/FCF ratio Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z″-Score (non-manufacturers) Full definition →	—	6.56	20.38	(28.30)	(10.10)	(10.27)	(20.28)
Beneish M-Score Full definition →	—	—	(2.25)	(23.47)	49.11	(0.55)	0.51
P/Operating CF Full definition →	—	(19,100.05)	(5.08)	(3.48)	(27.75)	4.62	(11.23)
P/B ratio Full definition →	—	36.70	0.20	0.25	1.39	2.31	1.08
Price to Tangible BV Full definition →	—	36.70	1.21	0.31	2.91	0.00	2.85
EV/Sales Full definition →	—	0.00	1.77	(2.83)	0.14	0.03	0.05
EV/EBITDA Full definition →	—	0.00	0.00	0.93	0.00	0.00	0.00
EV/Operating CF Full definition →	—	0.00	(0.52)	1.35	(1.73)	(4.67)	(0.76)
EV/FCF Full definition →	—	0.00	(0.47)	1.08	(1.49)	(4.08)	(0.75)
Quick Ratio Full definition →	—	2.04	5.79	3.05	1.31	0.52	1.21
Current Ratio Full definition →	—	2.59	6.30	3.54	1.80	1.33	2.19
Net Debt/EBITDA Full definition →	—	1.32	2.06	1.49	1.25	0.78	0.19
Debt/Assets Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Debt/Equity Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00
Asset Turnover Full definition →	—	0.12	0.03	0.04	2.02	12.87	10.81
Operating CF/Net income Full definition →	—	0.39	0.73	0.20	0.81	0.45	1.43
Capex/Depreciation Full definition →	—	(2.46)	(0.94)	(0.02)	(0.13)	(9.00)	(6.29)
ROE Full definition →	—	(24.65%)	(13.55%)	(43.96%)	(31.73%)	(47.00%)	(122.09%)
ROA Full definition →	—	(33.99%)	(12.71%)	(40.29%)	(20.77%)	(17.45%)	(49.62%)
ROIC Full definition →	—	(15.64%)	(7.11%)	(1,573.73%)	(290.67%)	0.00%	(108.69%)
Return on Tangible Assets Full definition →	—	(78.86%)	(46.26%)	(227.53%)	(92.84%)	(96.82%)	(262.58%)
Average Days of Receivables Full definition →	—	133.32	167.91	164.28	14.89	0.82	1.89
Research and Development Expense of Revenue Full definition →	—	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	—	28.84%	73.10%	62.99%	4.25%	0.71%	0.54%
Intangible Assets out of Total Assets Full definition →	0.00	0.63	0.79	0.16	0.27	0.26	0.43
Share Based Compensation of Revenue Full definition →	—	40.88%	202.33%	57.12%	2.31%	0.46%	3.07%
Graham Net Nets Full definition →	—	0.00	0.75	2.51	0.27	(0.16)	0.18
Graham Number Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Yield Full definition →	—	(0.40%)	(65.77%)	(646.55%)	(39.62%)	(32.01%)	(93.20%)
Free Cash Flow Yield Full definition →	—	0.00%	(32.63%)	(179.43%)	(37.14%)	(16.75%)	(127.34%)
Revenue per Share Full definition →	—	1.10	18.25	19.75	204.04	587.71	193.15
Operating CF per Share Full definition →	—	(1.19)	(62.16)	(41.31)	(17.04)	(3.62)	(12.69)
Capex per Share Full definition →	—	(0.79)	(7.26)	(10.73)	(2.65)	(0.53)	(0.32)
Free Cash Flow per Share Full definition →	—	(1.99)	(69.41)	(52.03)	(19.68)	(4.15)	(13.00)
Cash per Share Full definition →	—	3.61	188.76	89.88	28.66	10.92	2.30
Shareholders Equity per Share Full definition →	—	15.81	1,061.77	118.05	38.09	10.73	9.33
Interest Debt per Share Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	—	15.81	1,061.77	118.05	38.09	10.73	9.33
Free Cash Flow Full definition →	—	(51.51)	(149.98)	(148.14)	(70.13)	(24.29)	(157.22)
Working Capital Full definition →	—	80.99	389.94	234.34	80.57	46.13	39.17
Capital Expenditures Full definition →	—	(20.57)	(15.68)	(30.54)	(9.43)	(3.09)	(3.82)
Net Current Asset Value Full definition →	—	73.47	343.43	207.04	51.49	(22.68)	22.19
EV/EBIT Full definition →	—	0.00	0.00	0.08	0.00	0.00	0.00
Capex to Sales Full definition →	—	0.72	0.40	0.54	0.01	0.00	0.00
Price to Operating Income Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00
Other line items
Depreciation/Fixed assets Full definition →	—	0.42	2.72	93.57	1,240.52	0.17	0.37
Cash ROIC Full definition →	—	(10.23%)	(5.55%)	(25.03%)	(29.49%)	(19.16%)	(111.85%)
Accounts Receivable Turnover Full definition →	—	2.01	2.76	2.59	26.45	184.27	236.44
Accounts Payable Turnover Full definition →	—	0.04	4.75	0.03	11.76	97.74	158.46
Inventory Turnover Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	—	15,556.63	92.10	14,711.68	28.13	1.53	2.35
Days of Inventory on Hand Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	—	14.20	14.28	21.72	27.49	18.67	9.88
Average Payables Full definition →	—	26.96	53.50	65.44	61.08	34.82	14.57
Average Assets Full definition →	—	234.19	1,441.33	1,434.89	360.41	267.34	216.08
Average Common Equity Full definition →	—	323.00	1,351.98	1,315.12	235.89	99.28	87.82

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Columns are period end dates

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