Bakkt Holdings, Inc.
BKKT Technology Software Infrastructure
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.
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Bakkt Holdings, Inc. (BKKT) EV/Sales
As of 16 October 2026, Bakkt Holdings, Inc. (BKKT) trades at a EV/Sales of 0.2×. Over the past ten years it has ranged from −5.2× (January 2022) to 1.8× (December 2021); the current reading is higher than 94% of that period. That is below the Software Infrastructure industry median of 2.9× and below the Technology sector median of 2.7×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 0.0× | 72.22% |
| FY2024 | 0.0× | (80.00%) |
| FY2023 | 0.1× | — |
| FY2022 | −2.8× | — |
| FY2021 | 1.8× | — |
| FY2020 | 0.0× | — |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 0.3× | 167.79% |
| Mar 2026 | 0.1× | 97.78% |
| Dec 2025 | 0.0× | (51.80%) |
| Sep 2025 | 0.1× | 581.46% |
| 18 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| ARQQ Arqit Quantum Inc. compare | −2.2× |
| XNET Xunlei Limited compare | 0.1× |
| BKKT Bakkt Holdings, Inc. | 0.2× |
| PSFE Paysafe Limited compare | 0.9× |
| GRRR Gorilla Technology Group Inc. compare | 1.0× |
| MOVE Corvex, Inc. compare | 1.9× |
| ZENA ZenaTech, Inc. compare | 3.8× |
| KDK Kodiak AI, Inc. compare | 20.1× |
| ZSQR Z Squared Inc. compare | 62.4× |
| Software Infrastructure industry median | 2.9× |
| Technology sector median | 2.7× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)