Bakkt Holdings, Inc. (BKKT) Financial Statements
Industry: Finance Services
In fiscal 2025, Bakkt reported revenue of $2.34B, down 33.1% from $3.49B the year before. Net income was -$107.2M (a -4.6% net margin), or -$8.87 per diluted share. Operating margin was -6.3%. Operating activities generated -$153.4M of cash. At fiscal year end, Bakkt held $162.8M in total assets against $50.0M in total liabilities, including $27.0M of cash and equivalents.
Open the full interactive Bakkt financials → Quarterly statements, key ratios, valuation history and price charts.
Bakkt Key Stats
| Share Price | $6.46 |
|---|---|
| Market Cap | $269.3M |
| Revenue YoY Growth | -33.1% |
| 52-Week Range | $6.46 – $45.04 |
| Shares Outstanding | 41.2 million (basic, 2026 Q2) |
Bakkt Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $39.4M | $54.6M | $780.1M | $3.49B | $2.34B |
| Operating Income | -$214.6M | -$2.02B | -$227.9M | -$92.9M | -$147.8M |
| Pre-Tax Income | -$292.9M | -$2.00B | -$225.4M | -$103.3M | -$97.4M |
| Income Tax | $11.1M | -$11.3M | $444,000 | $170,000 | -$49,000 |
| Net Income | -$183.2M | -$578.1M | -$74.9M | -$46.7M | -$107.2M |
| Diluted EPS | — | -$203.00 | -$21.00 | -$7.97 | -$8.87 |
Bakkt Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $0 | $682.5M | $0 | $0 |
| Net Income | -$14.9M | -$85.3M | -$11.7M | $80.8M |
| Diluted EPS | -$1.15 | -$7.05 | -$0.41 | $1.94 |
Bakkt Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $391.4M | $98.3M | $52.9M | $39.0M | $27.0M |
| Current Assets | $463.5M | $326.5M | $882.6M | $183.8M | $72.2M |
| Total Assets | $2.41B | $455.5M | $966.9M | $269.4M | $162.8M |
| Current Liabilities | $73.6M | $92.1M | $802.1M | $137.7M | $33.0M |
| Total Liabilities | $120.1M | $119.4M | $831.2M | $206.5M | $50.0M |
| Shareholders' Equity | $468.4M | $96.3M | $48.3M | $33.9M | $112.8M |
Bakkt Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$134.3M | -$117.6M | -$60.7M | -$21.2M | -$153.4M |
| Cash From Investing | $16.9M | -$172.0M | $66.0M | $14.1M | -$38.1M |
| Cash From Financing | $256.8M | -$2.6M | -$2.6M | $43.8M | $82.1M |
| Free Cash Flow | -$137.9M | -$148.1M | -$60.7M | -$24.3M | — |
Figures from Bakkt's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Bakkt financials page for every line item.
Bakkt Company Profile
| Ticker | BKKT |
|---|---|
| Exchange | NYSE |
| Industry | Finance Services |
| Headquarters | Atlanta, Georgia |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0001820302 |
Frequently Asked Questions
What was Bakkt's revenue in fiscal 2025?
Bakkt (BKKT) reported revenue of $2.34B for fiscal 2025.
What is Bakkt's annual revenue history?
Bakkt's annual revenue by fiscal year: 2021: $39.4M; 2022: $54.6M; 2023: $780.1M; 2024: $3.49B; 2025: $2.34B.
What was Bakkt's net income in fiscal 2025?
Bakkt reported net income of -$107.2M for fiscal 2025.
What was Bakkt's earnings per share (EPS) in fiscal 2025?
Bakkt's diluted EPS was -$8.87 for fiscal 2025 (adjusted for any later stock splits).
What was Bakkt's revenue last quarter?
In its most recent reported quarter (2026 Q2), Bakkt reported revenue of $0.
How many shares of Bakkt are outstanding?
Bakkt reported a weighted average of 41.2 million basic shares outstanding in 2026 Q2.
What is Bakkt's market cap?
Based on its latest closing price, Bakkt (BKKT) has a market capitalization of about $269.3M.
When does Bakkt's fiscal year end?
Bakkt's fiscal year end, as registered with the SEC, is December 31.
Where is Bakkt headquartered?
Bakkt lists its business address in Atlanta, Georgia in its SEC filings.