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Home CompaniesBakkt, Inc.

Bakkt, Inc.

Technology Software - Infrastructure
PortfolioPortfolio WatchlistWatchlist
Company price
4.4175 USD 0.12 ( 2.73%)
Last update at 2026-11-09T15:10:00Z
VOLUME
208135
Market Cap
274.14M

Momentum Score

…

Bakkt, Inc. engages in digital building financial infrastructure. 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 through strategic investments in jurisdiction-specific entities operating in regulated financial markets. It also provides solutions that enable institutional participation in the digital asset economy. The company serves client, 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 direct marketing, including 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 New York, New York.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
4.16
Low
4.42
High
52 Week Price Range
6.87
Low
49.79
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Bakkt Holdings operates a digital-asset platform offering institutional-grade custody, trading infrastructure and consumer-facing services such as a mobile app and merchant payment/loyalty integrations that connect consumers, merchants and institutions. Long-term growth may be supported by broader adoption of cryptocurrencies, stronger demand for regulated custody and expanded payment and loyalty use cases, and investors may view the company as a way to gain exposure to the digital-assets ecosystem through a regulated service provider.
The company faces material risks from cryptocurrency market volatility and regulatory uncertainty, intense competition from exchanges and payment networks, security and custody operational risks, and a track record of limited profitability that could constrain execution.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
4.30
Dividend Yield
-
Revenue TTM
2335.24M
Revenue Per Share
193.16
Gross Profit TTM
-101.48M
Debt / Equity
0.69
ROE
-111.21%
Net Debt
-27.54M
ROCE
-88.50%
Diluted EPS TTM
-6.55

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -97.38M -103.28M -225.37M -2001.25M -242.36M
Minority interest 25.02M 56.79M 326.44M -1411.83M -
Net income -107.21M -46.66M -74.85M -1989.93M -242.66M
Selling general administrative 122.56M 144.24M 166.65M 185.95M 152.59M
Selling and marketing expenses - - 77.43M 150.53M 144.07M
Gross profit -51.09M 87.01M 61.62M -113.04M 37.27M
Reconciled depreciation 0.61M 0.34M 17.85M 25.35M 14.93M
Ebit -114.84M -83.70M -128.22M 1647.64M -164.10M
Ebitda -114.23M -83.36M -114.29M 1672.99M -150.61M
Depreciation and amortization 0.61M 0.34M 13.93M 25.35M 13.49M
Non operating income net other - - - 15.78M -
Operating income -114.84M -92.92M -227.89M 1647.64M -164.10M
Other operating expenses 2483.08M 3583.14M 1008.03M 231.89M 187.88M
Interest expense - - - 1.88M 76.82M
Tax provision -0.05M 0.17M -2.08M -11.32M 11.15M
Net interest income 0.79M 4.32M 4.54M 1.88M -0.24M
Non recurring - - - 1841.59M -
Income tax expense -0.05M 0.17M 0.44M -11.32M 0.29M
Total revenue 2335.24M 3490.22M 780.14M 54.57M 37.27M
Total operating expenses 63.75M 179.93M 289.51M 231.89M 187.88M
Cost of revenue 2386.33M 3403.21M 718.51M 167.61M 8.46M
Total other income expense net 50.45M -10.36M 2.52M -3648.89M -78.27M
Net income from continuing ops -97.66M -103.45M -473.54M -1989.93M -304.05M
Net income applicable to common shares - - - -578.11M -43.99M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 162.79M 269.38M 966.87M 455.50M 2414.30M
Intangible assets 5.55M 2.90M 2.90M 55.83M 388.50M
Other current assets 32.36M 120.15M 782.70M 21.85M 72.10M
Total liab 50.01M 206.52M 831.15M 119.43M 108.40M
Total stockholder equity 112.78M 33.89M 48.28M 96.26M 479.80M
Other current liab 2.70M 119.05M 779.23M 59.17M 57.61M
Common stock 0.00M 0.00M 0.03M 0.03M 0.03M
Capital stock 0.00M 0.00M 0.03M 0.03M 0.03M
Retained earnings -905.17M -797.96M -751.30M -676.45M -98.34M
Other liab - - - 3.90M 35.86M
Good will 64.66M 68.00M 68.00M 15.85M 1527.10M
Other assets - - - 17.98M 17.79M
Cash 27.54M 39.05M 52.88M 98.33M 391.40M
Total current liabilities 33.03M 137.72M 802.07M 92.13M 73.50M
Current deferred revenue 0.79M 1.60M 4.28M 3.97M 4.63M
Net debt -27.54M -15.51M -25.72M -71.92M -380.14M
Short term debt - 4.28M 3.64M 3.01M 0.61M
Short long term debt total - 23.54M 27.16M 26.42M 11.26M
Other stockholder equity 1017.00M 832.69M 799.66M 772.97M 578.17M
Property plant equipment - - - 19.74M 17.36M
Total current assets 72.20M 183.84M 882.64M 326.46M 463.50M
Long term investments 11.15M 0.00M - - -
Net tangible assets - - - 24.58M 178.12M
Short term investments 0.23M 1.24M 17.40M 141.06M 0.55M
Net receivables 12.07M 24.65M 29.66M 25.31M 18.14M
Inventory - - - 39.91M -18.14M
Accounts payable 29.54M 12.78M 14.93M 25.98M 10.65M
Noncontrolling interest in consolidated entity - - - 239.81M -
Accumulated other comprehensive income 0.95M -0.84M -0.10M -0.29M -0.06M
Common stock total equity - - - 0.03M 0.00M
Retained earnings total equity - - - -676.45M -29.25M
Non currrent assets other 4.22M 2.83M 1.81M 17.98M 17.84M
Non current assets total 90.59M 85.53M 84.22M 129.04M 1950.80M
Capital lease obligations 0.55M 23.54M 27.16M 26.42M 11.26M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 10.39M 14.13M 30.33M -141.42M 16.92M
Change to liabilities - - - 1.29M 4.63M
Total cashflows from investing activities -38.12M 14.13M 65.97M -171.96M 16.92M
Net borrowings 15.88M 0.00M 0.00M - -0.50M
Total cash from financing activities 77.95M 43.82M -2.63M -2.58M 256.83M
Change to operating activities - - - 11.69M -20.96M
Net income -132.23M -103.45M -74.85M -1989.93M -304.05M
Change in cash -36.40M 35.25M 3.08M -292.99M 316.47M
Begin period cash flow 63.94M 118.50M 115.42M 408.42M 91.94M
End period cash flow 27.54M 153.75M 118.50M 115.42M 408.42M
Total cash from operating activities -149.26M -21.20M -60.70M -117.60M -134.30M
Issuance of capital stock 62.96M 46.51M 0.00M 0.00M 312.00M
Depreciation 0.61M 0.34M 13.93M 25.35M 14.93M
Other cashflows from investing activities -26.41M -3.09M - 0.40M 0.40M
Change to inventory - - - - -12.88M
Change to account receivables -1.24M 5.41M -10.04M -7.16M -7.73M
Sale purchase of stock - - -2.63M -2.59M -84.53M
Other cashflows from financing activities -3.07M -2.69M 65.97M 0.00M 29.86M
Change to netincome - - - 1841.03M 178.88M
Capital expenditures 3.82M 3.09M 9.43M 30.54M 15.69M
Change receivables - - - -7.16M -
Cash flows other operating - - - 11.83M -
Cash and cash equivalents changes - - - -292.14M -
Change in working capital -87.17M 46.32M 41.90M 2.91M -24.07M
Stock based compensation 71.60M 15.84M 16.76M 32.11M 79.79M
Other non cash items -2.07M 19.74M -58.44M 1823.56M 87.36M
Free cash flow -153.40M -24.29M -70.13M -148.14M -149.99M

Peer Comparison*

Sector: Technology Industry: Software - Infrastructure

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
BKKT
Bakkt, Inc.		 0.12
2.73%		 4.42 - - 0.12 2.43 0.11 0.79
MSFT
Microsoft Corporation		 10.60
2.00%		 541.21 37.32 29.94 13.03 12.45 13.06 24.59
ORCL
Oracle Corporation		 2.37
2.04%		 118.47 21.96 17.89 5.91 7.08 7.82 14.89
CRWD
Crowdstrike Holdings Inc		 6.21
2.86%		 223.11 4849.80 188.68 46.01 47.24 43.89 559.34
FTNT
Fortinet Inc		 2.92
2.46%		 121.77 60.27 43.86 16.80 80.50 16.11 43.33

Profile*

Bakkt, Inc.

Bakkt, Inc. engages in digital building financial infrastructure. 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 through strategic investments in jurisdiction-specific entities operating in regulated financial markets. It also provides solutions that enable institutional participation in the digital asset economy. The company serves client, 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 direct marketing, including 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 New York, New York.

One Liberty Plaza, New York, NY, United States, 10006

332 203 3017

https://www.bakkt.com

48

Name Title Year Born
Dr. Gavin Constantine Michael Pres, CEO & Director 1965
Mr. Marc D'Annunzio Gen. Counsel & Sec. 1972
Mr. David C. Clifton Exec. Director 1978
Mr. Gordon Watson Exec. Director 1979
Ms. Karen J. Alexander CFA CFO & Principal Financial Officer 1971
Mr. Michael Leroy Lewis Chief Engineering & Operations Officer 1965
Mr. Charles Goodroe VP, Chief Accounting Officer & Principal Accounting Officer 1984
Mr. Matthew Alan Johnson Chief Technology Officer 1972
Mr. Alex Jacobs Chief Admin. Officer NA
Ms. Ann Park DeVries Head of Investor Relations NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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