Bakkt Holdings Inc

Bakkt Holdings Inc

BKKT · NYSE · Technology / Software - Infrastructure

3.38USD-0.29 (-7.90%)

Price History

Full chart

Market Stats

Previous Close3.67
Open3.66
Day Range3.34 – 3.66
52-Week Range6.71 – 49.79
Volume1.58M
Market Cap409.23M
P/E (TTM)0.00
Forward P/E0.00
EPS-4.11
Dividend Yield0.00%
Beta5.93
50-Day Avg7.84
200-Day Avg9.71

About

Bakkt, Inc. engages in digital building financial infrastructure business. The company offers Bakkt Market solutions, which enables institutions to launch secure, compliant, and advanced digital asset brokerage, trading and payment capabilities through a plug-and-play platform; Bakkt Agent provides programmable access to Bakkt's financial infrastructure through an intelligent software layer that coordinates onboarding, account creation, funding, and global money movement; and Bakkt Global enables Bakkt to expand its technology and infrastructure into international markets. It also provides solutions that enable institutional participation in the digital asset economy. The company serves various clients, such as financial institutions, hedge funds, merchants, retailers, third party partners, and other businesses. It markets its products and services using various business-to-business channels, such as email marketing and targeted digital advertisements; indirect marketing; and its website, blog, and social media platforms. The company offers its services in the United States, Latin America, Europe, and Asia. The company was formerly known as Bakkt Holdings, Inc. and changed its name to Bakkt, Inc. in January 2026. Bakkt, Inc. was founded in 2018 and is headquartered in Atlanta, Georgia.

Company Details

  • SectorTechnology
  • IndustrySoftware - Infrastructure
  • CEOMr. Akshay Naheta
  • Employees48
  • Headquarters3280 Peachtree Road NE, Atlanta, GA, United States, 30305, USA
  • Websitehttps://www.bakkt.com

Leadership

  • Mr. Akshay NahetaCEO & Director · b. 1982
  • Mr. Marc D'Annunzio J.D.General Counsel & Corporate Secretary · b. 1972
  • Mr. Matthew A. White CPAChief Financial Officer · b. 1982
  • Mr. Nicholas BaesChief Operating Officer · b. 1979
  • Mr. Joe HendersonVP, Chief Accounting Officer & Principal Accounting Officer · b. 1971
  • Mr. Remi TuyaertsChief Technology Officer
  • Ms. Cassandra AbellGlobal Head of People
  • Mr. Ankit KhemkaChief Product Officer
  • Mr. Daniel IshagChief Commercial Officer

Financials

Income Statement

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue-864.00K28.50M39.44M56.22M780.14M3.49B2.34B
Growth (%)-+3398.03%+38.40%+42.57%+1287.55%+347.39%-33.09%
Cost of Revenue31.64M58.63M175.10M167.61M718.51M3.40B2.31B
Gross Profit-32.51M-30.14M-137.83M-113.04M61.63M87.01M26.85M
Gross Margin3762.38%-105.77%-349.50%-201.06%7.90%2.49%1.15%
Operating Expense3.44M48.98M26.27M-1.76B289.51M179.93M168.57M
Operating Income-35.95M-79.12M-164.10M1.65B-227.89M-92.92M-141.71M
Operating Margin4160.65%-277.66%-416.10%2930.49%-29.21%-2.66%-6.07%
EBITDA-35.86M-43.38M-150.61M1.67B-114.29M-83.36M-97.10M
EBITDA Margin4150.58%-152.24%-381.90%2975.57%-14.65%-2.39%-4.16%
Net Income-32.98M-79.61M-242.66M-1.99B-74.85M-46.66M-107.21M
Net Income Margin3816.67%-279.36%-615.31%-3539.30%-9.59%-1.34%-4.59%
R&D-900.00K4.00M1.70M1.80M--
R&D as % of Total Revenue-3.16%10.14%3.02%0.23%--
Interest Expense0118.81K247.00K1.88M---
Interest Expense % of Total Revenue0.00%0.42%0.63%3.34%---

Balance Sheet

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets177.68M468.38M2.41B455.50M966.87M269.38M162.79M
Total Liabilities15.39M80.05M120.11M119.43M831.15M206.52M50.01M
Total Equity151.52M388.33M468.40M96.26M48.28M33.89M112.78M
Cash76.63M75.36M391.36M98.33M52.88M39.05M27.54M
Total Debt-2.30M11.26M26.42M27.16M19.90M549.00K
Net Debt-76.63M-73.06M-380.10M-71.92M-25.72M-19.15M-26.99M

Cash Flow

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-48.50M-30.94M-134.30M-117.60M-60.70M-21.20M-149.26M
Investing Cash Flow-40.95M-7.93M16.92M-171.96M65.97M14.13M-38.12M
Financing Cash Flow37.49M37.49M256.83M-2.58M-2.63M43.82M77.95M
Capital Expenditure9.18M20.57M15.69M30.54M9.43M3.09M3.82M
Free Cash Flow-57.68M-51.51M-149.99M-148.14M-70.13M-24.29M-153.40M
FCF to OCF118.93%166.48%111.68%125.97%115.54%114.56%102.77%

Earnings

Report DateNov 16, 2020Mar 31, 2021May 24, 2021Aug 13, 2021Nov 12, 2021Feb 17, 2022May 12, 2022Aug 11, 2022Nov 10, 2022Mar 9, 2023May 11, 2023Aug 10, 2023Nov 14, 2023Mar 25, 2024May 15, 2024Aug 14, 2024Nov 14, 2024Mar 19, 2025May 30, 2025Aug 11, 2025Nov 10, 2025Mar 17, 2026May 11, 2026Aug 10, 2026Nov 9, 2026
EPS Estimate0.00----0.15-1.06-4.25-4.02-2.98-4.42-0.18-4.00-3.25-0.13-2.08-1.76-1.60-0.11-0.05-0.04-0.50-0.47-0.100.070.50
EPS Actual0.00-0.04-1.300.82-0.15-1.06-3.00-3.91-152.75-12.56-0.17-4.752.71-0.29-0.550.37-3.03-2.951.18-2.162.47-6.40-0.58-0.34-
Surprise----0.00%0.00%29.41%2.74%-5025.84%-184.16%5.56%-18.75%183.38%-123.08%73.56%121.02%-89.38%-2646.74%2460.80%-5300.00%594.00%-1260.70%-480.00%-585.71%-
Timing----After-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketAfter-hoursAfter-hoursPre-marketAfter-hours-After-hours-Pre-market-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap409.23M
Enterprise Value346.83M
Trailing P/E0.00
Forward P/E0.00
Price / Sales0.37
Price / Book1.12
EPS-4.11
Book Value7.87
Revenue (TTM)1.12B
Gross Profit (TTM)-109.89M
EBITDA-117.95M
Profit Margin-2.78%
Operating Margin-10.80%
Return on Equity-10.17%
Return on Assets-25.01%
Shares Outstanding45.07M
Shares Float35.78M
Beta5.93
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Ownership Breakdown

Institutions
28.48%
Insiders
39.53%
Retail / Other
31.99%

Top Institutional Holders

  • BlackRock Inc
    1.15M2.56%
  • Alyeska Investment Group, L.P.
    1.02M2.27%
  • Tidal Investments LLC.
    947.55K2.10%
  • Alpine Fox Capital, LLC
    905.00K2.01%
  • Weiss Asset Management LP
    678.53K1.51%
  • Vanguard Capital Management, LLC
    623.34K1.38%
  • Geode Capital Management, LLC
    569.84K1.26%
  • LMR Partners LLP
    566.97K1.26%
  • Renaissance Technologies Corp
    441.10K0.98%
  • Horizon Asset Management Inc/ny
    316.54K0.70%
  • UBS Group AG
    310.88K0.69%
  • State Street Corp
    283.77K0.63%
  • MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
    220.36K0.49%

Top Fund Holders

  • Amplify Blockchain Technology ETF
    899.15K2.00%
  • Vanguard MStar Total Stk Mkt Idx Invest
    852.70K1.89%
  • iShares Russell 2000 ETF
    821.46K1.82%
  • Fidelity Small Cap Index
    320.12K0.71%
  • iShares Russell 2000 Value ETF
    238.05K0.53%
  • BlackRock Advantage Small Cap Core Instl
    231.70K0.51%
  • Nuveen Equity Index R6
    177.73K0.39%

Stock Splits

  • Apr 29, 20241:25