Symbols / BKKT
BKKT Chart
About
Bakkt, Inc. engages in building financial infrastructure. The company provides solutions that enable institutional participation in the digital asset economy — spanning Bitcoin, tokenization, stablecoin payments, and AI-driven finance. It serves client, such as financial institutions, fintechs, broker-dealers, neobanks, registered investment advisers, funds, merchants, 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.
Fundamentals
Scroll to Statements| Sector | Technology | Industry | Software - Infrastructur | Market Cap | 260.19M |
| Enterprise Value | 203.85M | Income | -41.52M | Sales | 3.87B |
| Book/sh | 6.95 | Cash/sh | 2.73 | Dividend Yield | — |
| Payout | 0.00% | Employees | 559 | IPO | — |
| P/E | — | Forward P/E | 10.52 | PEG | — |
| P/S | 0.07 | P/B | 1.45 | P/C | — |
| EV/EBITDA | -2.90 | EV/Sales | 0.05 | Quick Ratio | 1.41 |
| Current Ratio | 2.24 | Debt/Eq | 9.73 | LT Debt/Eq | — |
| EPS (ttm) | -5.71 | EPS next Y | 0.96 | EPS Growth | — |
| Revenue Growth | 27.10% | Earnings | 2026-03-19 | ROA | -6.10% |
| ROE | -67.52% | ROIC | — | Gross Margin | -1.32% |
| Oper. Margin | -4.89% | Profit Margin | -1.06% | Shs Outstand | 25.76M |
| Shs Float | 22.44M | Short Float | 17.11% | Short Ratio | 2.28 |
| Short Interest | — | 52W High | 49.79 | 52W Low | 6.81 |
| Beta | 5.94 | Avg Volume | 1.41M | Volume | 1.14M |
| Target Price | $40.00 | Recom | None | Prev Close | $10.15 |
| Price | $10.10 | Change | -0.49% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$40.00
Mean price target
2. Current target
$10.10
Latest analyst target
3. DCF / Fair value
$-5.18
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$10.10
Low
$40.00
High
$40.00
Mean
$40.00
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2025-09-08 | init | Benchmark | — → Buy | $13 |
| 2024-03-27 | main | Citigroup | Sell → Sell | $0 |
| 2024-03-26 | reit | Rosenblatt | Buy → Buy | $1 |
| 2024-03-01 | main | Rosenblatt | Buy → Buy | $1 |
| 2023-11-15 | main | Rosenblatt | Buy → Buy | $2 |
| 2023-08-11 | reit | Rosenblatt | Buy → Buy | $2 |
| 2023-05-12 | reit | Rosenblatt | Buy → Buy | $2 |
| 2023-03-31 | reit | Rosenblatt | — → Buy | $2 |
| 2023-03-10 | main | Rosenblatt | — → Buy | $2 |
| 2023-01-09 | main | Wells Fargo | — → Equal-Weight | $2 |
| 2022-11-30 | init | Rosenblatt | — → Buy | $2 |
| 2022-09-29 | init | Wells Fargo | — → Equal-Weight | $3 |
| 2022-08-19 | main | Citigroup | — → Neutral | $3 |
| 2022-01-12 | main | Jefferies | — → Hold | $7 |
| 2021-11-11 | init | Jefferies | — → Hold | $28 |
- $BKKT stock is up 3% today. Here's what we see in our data. - Quiver Quantitative Wed, 18 Feb 2026 19
- Nexo taps Bakkt to drive its return to U.S. digital asset trading - Stock Titan ue, 17 Feb 2026 21
- (BKKT) Price Dynamics and Execution-Aware Positioning - Stock Traders Daily hu, 19 Feb 2026 19
- Bakkt Stock Is Surging on a New Board Appointment. Does That Make BKKT a Buy Here? - Yahoo Finance Mon, 22 Sep 2025 07
- Bakkt Holdings, Inc. (NYSE:BKKT) Stock Catapults 344% Though Its Price And Business Still Lag The Industry - simplywall.st hu, 09 Oct 2025 07
- Bakkt stock rises after Benchmark starts at Buy in new coverage (BKKT:NYSE) - Seeking Alpha Mon, 08 Sep 2025 07
- Bakkt (NYSE: BKKT) ends Up-C structure, shifts to single-class common stock - Stock Titan ue, 04 Nov 2025 08
- Institutional investors may adopt severe steps after Bakkt, Inc.'s (NYSE:BKKT) latest 10% drop adds to a year losses - Yahoo Finance hu, 12 Feb 2026 08
- Crypto company Nexo returns to US in partnership with Bakkt (BKKT:NYSE) - Seeking Alpha Mon, 16 Feb 2026 17
- $BKKT stock is up 22% today. Here's what we see in our data. - Quiver Quantitative Fri, 06 Feb 2026 08
- 1-for-1 Exchange: Bakkt Unifies Share Classes into NewCo, Replacing Up-C Structure; Close Nov 3, 2025 - Stock Titan hu, 16 Oct 2025 07
- Bakkt Holdings (BKKT): Evaluating Valuation After Loyalty Sale and Strategic Shift Toward Digital Assets - Yahoo Finance Wed, 08 Oct 2025 07
- Bakkt sets $300M stock capacity for stablecoin, Japan, India - Stock Titan ue, 20 Jan 2026 08
- Why Bakkt Holdings (BKKT) Is Refocusing on Digital Assets With Board Shakeup and Loyalty Business Sale - Yahoo Finance Mon, 06 Oct 2025 07
- $BKKT stock is down 15% today. Here's what we see in our data. - Quiver Quantitative Wed, 22 Oct 2025 07
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 2461 | 24635.0 | — | Sale at price 10.01 per share. | HENDERSON JOSEPH SEAN-WALSH | Officer | — | 2025-12-19 00:00:00 | D |
| 1 | 465890 | nan | — | — | INTERCONTINENTAL EXCHANGE, INC. | Beneficial Owner of more than 10% of a Class of Security | — | 2025-12-03 00:00:00 | I |
| 2 | 9000 | — | — | Stock Award(Grant) at price 0.00 per share. | ALFRED MICHAEL | Director | — | 2025-11-19 00:00:00 | D |
| 3 | 803861 | nan | — | — | NAHETA AKSHAY SUDHIR | Chief Executive Officer | — | 2025-11-14 00:00:00 | D |
| 4 | 1677 | 16770.0 | — | Conversion of Exercise of derivative security at price 10.00 per share. | D'ANNUNZIO MARC | General Counsel | — | 2025-11-12 00:00:00 | D |
| 5 | 335 | 3350.0 | — | Conversion of Exercise of derivative security at price 10.00 per share. | ALEXANDER KAREN | Chief Financial Officer | — | 2025-11-12 00:00:00 | D |
| 6 | 264 | 5415.0 | — | Sale at price 18.75 - 21.50 per share. | HENDERSON JOSEPH SEAN-WALSH | Officer | — | 2025-11-12 00:00:00 | D |
| 7 | 671 | 6710.0 | — | Conversion of Exercise of derivative security at price 10.00 per share. | BAES NICHOLAS | Chief Operating Officer | — | 2025-11-12 00:00:00 | D |
| 8 | 33557 | 335570.0 | — | Conversion of Exercise of derivative security at price 10.00 per share. | NAHETA AKSHAY SUDHIR | Chief Executive Officer | — | 2025-11-12 00:00:00 | D |
| 9 | 6803178 | nan | — | — | INTERCONTINENTAL EXCHANGE, INC. | Beneficial Owner of more than 10% of a Class of Security | — | 2025-11-03 00:00:00 | I |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -5.54M | -21.26M | -10.32M | -25.45M |
| TaxRateForCalcs | 0.21 | 0.21 | 0.01 | 0.27 |
| NormalizedEBITDA | -56.97M | -13.04M | 1.67B | -40.50M |
| TotalUnusualItems | -26.40M | -101.24M | -1.82B | -94.25M |
| TotalUnusualItemsExcludingGoodwill | -26.40M | -101.24M | -1.82B | -94.25M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -46.66M | -74.85M | -578.11M | -133.55M |
| ReconciledDepreciation | 343.00K | 13.93M | 25.35M | 14.42M |
| ReconciledCostOfRevenue | 3.40B | 718.51M | 1.66M | |
| EBITDA | -83.36M | -114.29M | -151.97M | -134.75M |
| EBIT | -83.70M | -128.22M | -177.32M | -149.27M |
| NetInterestIncome | 4.32M | 4.34M | 1.88M | -228.00K |
| NormalizedIncome | -25.81M | 5.13M | 1.24B | -64.75M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -46.66M | -74.85M | -578.11M | -133.55M |
| TotalExpenses | 3.57B | 908.36M | 233.54M | 186.52M |
| TotalOperatingIncomeAsReported | -92.92M | -227.89M | -2.02B | -164.14M |
| DilutedAverageShares | 5.86M | 3.56M | 2.85M | 2.29M |
| BasicAverageShares | 5.86M | 3.56M | 2.85M | 2.29M |
| DilutedEPS | -7.97 | -21.01 | -203.08 | -106.12 |
| BasicEPS | -7.97 | -21.01 | -203.08 | -106.12 |
| DilutedNIAvailtoComStockholders | -46.66M | -74.85M | -578.11M | -133.55M |
| AverageDilutionEarnings | 0.00 | 0.00 | 0.00 | |
| NetIncomeCommonStockholders | -46.66M | -74.85M | -578.11M | -133.55M |
| NetIncome | -46.66M | -74.85M | -578.11M | -133.55M |
| MinorityInterests | 56.79M | 150.96M | 1.41B | |
| NetIncomeIncludingNoncontrollingInterests | -103.45M | -225.81M | -1.99B | -254.38M |
| NetIncomeContinuousOperations | -103.45M | -225.81M | -1.99B | -254.38M |
| TaxProvision | 170.00K | 444.00K | -11.32M | 11.95M |
| PretaxIncome | -103.28M | -225.37M | -2.00B | -242.44M |
| OtherIncomeExpense | -23.89M | -101.49M | -1.83B | -92.94M |
| OtherNonOperatingIncomeExpenses | 2.51M | -245.00K | -856.00K | 1.30M |
| SpecialIncomeCharges | -9.21M | -99.67M | -1.84B | -14.87M |
| ImpairmentOfCapitalAssets | 889.00K | 90.76M | 1.83B | 1.20M |
| RestructuringAndMergernAcquisition | 8.32M | 8.91M | 8.01M | 13.68M |
| GainOnSaleOfSecurity | -17.19M | -1.57M | 16.64M | |
| NetNonOperatingInterestIncomeExpense | 4.32M | 4.34M | 1.88M | -228.00K |
| TotalOtherFinanceCost | -4.32M | -4.34M | -1.88M | 228.00K |
| OperatingIncome | -83.70M | -128.22M | -177.32M | -149.27M |
| OperatingExpense | 170.72M | 189.84M | 231.89M | 186.52M |
| OtherOperatingExpenses | 26.14M | 9.27M | 3.51M | 3.47M |
| DepreciationAmortizationDepletionIncomeStatement | 343.00K | 13.93M | 25.35M | 14.52M |
| DepreciationAndAmortizationInIncomeStatement | 343.00K | 13.93M | 25.35M | 14.52M |
| SellingGeneralAndAdministration | 144.24M | 166.65M | 203.03M | 168.54M |
| GeneralAndAdministrativeExpense | 144.24M | 166.65M | 203.03M | 168.54M |
| OtherGandA | 61.07M | 64.60M | 63.98M | 48.98M |
| SalariesAndWages | 83.16M | 102.04M | 139.05M | 119.56M |
| GrossProfit | 87.01M | 61.62M | 54.57M | |
| CostOfRevenue | 3.40B | 718.51M | 1.66M | |
| TotalRevenue | 3.49B | 780.14M | 56.22M | 37.25M |
| OperatingRevenue | 3.49B | 780.14M | 56.22M | 37.25M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| OrdinarySharesNumber | 6.51M | 3.79M | 3.24M | 2.29M |
| ShareIssued | 6.51M | 3.79M | 3.24M | 2.29M |
| TotalDebt | 23.54M | 27.16M | 26.42M | 11.26M |
| TangibleBookValue | -37.01M | -22.62M | 24.58M | -1.45B |
| InvestedCapital | 33.89M | 48.28M | 96.26M | 468.40M |
| WorkingCapital | 46.13M | 80.57M | 234.34M | 389.94M |
| NetTangibleAssets | -37.01M | -22.62M | 24.58M | -1.45B |
| CapitalLeaseObligations | 23.54M | 27.16M | 26.42M | 11.26M |
| CommonStockEquity | 33.89M | 48.28M | 96.26M | 468.40M |
| TotalCapitalization | 33.89M | 48.28M | 96.26M | 468.40M |
| TotalEquityGrossMinorityInterest | 62.85M | 135.71M | 336.07M | 2.29B |
| MinorityInterest | 28.96M | 87.43M | 239.81M | 1.83B |
| StockholdersEquity | 33.89M | 48.28M | 96.26M | 468.40M |
| GainsLossesNotAffectingRetainedEarnings | -841.00K | -101.00K | -290.00K | -55.00K |
| OtherEquityAdjustments | -841.00K | -101.00K | -290.00K | -55.00K |
| RetainedEarnings | -797.96M | -751.30M | -676.45M | -98.34M |
| AdditionalPaidInCapital | 832.69M | 799.68M | 772.97M | 566.77M |
| CapitalStock | 2.00K | 1.00K | 27.00K | 27.00K |
| CommonStock | 2.00K | 1.00K | 27.00K | 27.00K |
| TotalLiabilitiesNetMinorityInterest | 206.52M | 129.60M | 119.43M | 120.11M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 68.81M | 29.08M | 27.30M | 46.51M |
| OtherNonCurrentLiabilities | 2.03M | |||
| DerivativeProductLiabilities | 46.92M | 2.36M | 785.00K | 17.42M |
| EmployeeBenefits | 0.00 | 2.03M | ||
| NonCurrentDeferredLiabilities | 2.62M | 3.20M | 3.11M | 16.41M |
| NonCurrentDeferredRevenue | 2.62M | 3.20M | 3.11M | 4.82M |
| NonCurrentDeferredTaxesLiabilities | 0.00 | 11.59M | ||
| LongTermDebtAndCapitalLeaseObligation | 19.26M | 23.52M | 23.40M | 10.65M |
| LongTermCapitalLeaseObligation | 19.26M | 23.52M | 23.40M | 10.65M |
| CurrentLiabilities | 137.72M | 100.52M | 92.13M | 73.60M |
| OtherCurrentLiabilities | 998.00K | 1.07M | 16.32M | 1.07M |
| CurrentDeferredLiabilities | 1.60M | 4.28M | 3.97M | 4.63M |
| CurrentDeferredRevenue | 1.60M | 4.28M | 3.97M | 4.63M |
| CurrentDebtAndCapitalLeaseObligation | 4.28M | 3.64M | 3.01M | 615.00K |
| CurrentCapitalLeaseObligation | 4.28M | 3.64M | 3.01M | 615.00K |
| PensionandOtherPostRetirementBenefitPlansCurrent | 0.00 | 275.00K | 2.03M | |
| PayablesAndAccruedExpenses | 130.84M | 91.53M | 68.55M | 65.26M |
| CurrentAccruedExpenses | 17.14M | 16.59M | 16.16M | 22.40M |
| Payables | 113.70M | 74.94M | 52.39M | 42.86M |
| OtherPayable | 98.55M | 51.88M | 25.25M | 31.60M |
| DuetoRelatedPartiesCurrent | 2.36M | 3.23M | 1.17M | 617.00K |
| AccountsPayable | 12.78M | 19.83M | 25.98M | 10.65M |
| TotalAssets | 269.38M | 265.31M | 455.50M | 2.41B |
| TotalNonCurrentAssets | 85.53M | 84.22M | 129.04M | 1.95B |
| OtherNonCurrentAssets | 2.83M | 1.81M | 2.83M | 2.64M |
| NonCurrentPrepaidAssets | 159.00K | 15.15M | 15.15M | |
| GoodwillAndOtherIntangibleAssets | 70.90M | 70.90M | 71.69M | 1.92B |
| OtherIntangibleAssets | 2.90M | 2.90M | 55.83M | 388.47M |
| Goodwill | 68.00M | 68.00M | 15.85M | 1.53B |
| NetPPE | 11.80M | 11.52M | 39.38M | 17.36M |
| AccumulatedDepreciation | -996.00K | -740.00K | -1.88M | -733.00K |
| GrossPPE | 12.79M | 12.26M | 41.25M | 18.09M |
| Leases | 276.00K | 0.00 | 10.10M | 277.00K |
| OtherProperties | 9.73M | 11.46M | 19.63M | 11.24M |
| MachineryFurnitureEquipment | 2.78M | 800.00K | 11.52M | 6.58M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 183.84M | 181.09M | 326.46M | 463.55M |
| OtherCurrentAssets | 152.00K | 25.00K | 15.79M | 4.78M |
| RestrictedCash | 113.45M | 64.76M | 17.09M | 17.05M |
| PrepaidAssets | 6.54M | 16.36M | 28.88M | 32.21M |
| Receivables | 24.65M | 29.66M | 25.31M | 18.14M |
| ReceivablesAdjustmentsAllowances | -210.00K | -210.00K | ||
| OtherReceivables | 9.23M | 6.95M | ||
| AccountsReceivable | 24.65M | 29.66M | 25.31M | 11.40M |
| CashCashEquivalentsAndShortTermInvestments | 39.05M | 70.28M | 239.39M | 391.36M |
| OtherShortTermInvestments | 0.00 | 17.40M | 141.06M | 0.00 |
| CashAndCashEquivalents | 39.05M | 52.88M | 98.33M | 391.36M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -24.29M | -70.13M | -148.14M | -141.62M |
| RepurchaseOfCapitalStock | -2.63M | -2.59M | -84.53M | |
| RepaymentOfDebt | 0.00 | -501.00K | ||
| IssuanceOfCapitalStock | 46.51M | 0.00 | 0.00 | 312.00M |
| CapitalExpenditure | -3.09M | -9.43M | -30.54M | -14.45M |
| IncomeTaxPaidSupplementalData | 0.00 | 239.00K | 0.00 | 0.00 |
| EndCashPosition | 153.75M | 118.50M | 115.42M | 408.42M |
| BeginningCashPosition | 118.50M | 115.42M | 408.42M | 91.94M |
| EffectOfExchangeRateChanges | -1.50M | 436.00K | -850.00K | -326.00K |
| ChangesInCash | 36.75M | 2.64M | -292.14M | 147.84M |
| FinancingCashFlow | 43.82M | -2.63M | -2.58M | 256.83M |
| CashFlowFromContinuingFinancingActivities | 43.82M | -2.63M | -2.58M | 256.83M |
| NetOtherFinancingCharges | -2.69M | -2.63M | -2.59M | |
| ProceedsFromStockOptionExercised | 3.00K | 0.00 | 2.00K | 37.12M |
| NetCommonStockIssuance | 46.51M | 0.00 | 0.00 | 227.47M |
| CommonStockPayments | -2.63M | -2.59M | -84.53M | |
| CommonStockIssuance | 46.51M | 0.00 | 0.00 | 312.00M |
| NetIssuancePaymentsOfDebt | 0.00 | -501.00K | ||
| NetLongTermDebtIssuance | 0.00 | -501.00K | ||
| LongTermDebtPayments | 0.00 | -501.00K | ||
| InvestingCashFlow | 14.13M | 65.97M | -171.96M | 18.17M |
| CashFlowFromContinuingInvestingActivities | 14.13M | 65.97M | -171.96M | 18.17M |
| NetInvestmentPurchaseAndSale | 17.22M | 123.94M | -141.42M | 0.00 |
| SaleOfInvestment | 35.19M | 185.76M | 165.18M | 0.00 |
| PurchaseOfInvestment | -17.97M | -61.83M | -306.59M | 0.00 |
| NetBusinessPurchaseAndSale | 0.00 | -48.53M | 0.00 | 32.60M |
| SaleOfBusiness | 0.00 | 32.60M | ||
| PurchaseOfBusiness | 0.00 | -48.53M | 0.00 | |
| NetIntangiblesPurchaseAndSale | -15.69M | |||
| PurchaseOfIntangibles | -15.69M | |||
| CapitalExpenditureReported | -3.09M | -9.43M | -30.54M | -14.45M |
| OperatingCashFlow | -21.20M | -60.70M | -117.60M | -127.16M |
| CashFlowFromContinuingOperatingActivities | -21.20M | -60.70M | -117.60M | -127.16M |
| ChangeInWorkingCapital | 46.32M | 41.90M | 2.91M | -31.65M |
| ChangeInOtherWorkingCapital | -3.68M | 3.79M | -4.80M | -8.30M |
| ChangeInOtherCurrentLiabilities | -3.64M | -3.03M | 4.15M | -811.00K |
| ChangeInPayablesAndAccruedExpense | 39.15M | 26.41M | 1.33M | -7.61M |
| ChangeInPayable | 39.15M | 26.41M | 1.33M | -7.61M |
| ChangeInAccountPayable | -15.62M | -7.99M | 744.00K | -6.77M |
| ChangeInPrepaidAssets | 9.08M | 24.76M | 9.38M | -10.92M |
| ChangeInReceivables | 5.41M | -10.04M | -7.16M | -4.00M |
| ChangesInAccountReceivables | 5.41M | -10.04M | -7.16M | -4.00M |
| OtherNonCashItems | 1.67M | 112.00K | 2.78M | 3.06M |
| StockBasedCompensation | 15.84M | 16.76M | 32.11M | 49.03M |
| UnrealizedGainLossOnInvestmentSecurities | 0.00 | |||
| AssetImpairmentCharge | 889.00K | 90.76M | 1.83B | 1.20M |
| DeferredTax | 0.00 | 0.00 | -11.59M | 11.73M |
| DeferredIncomeTax | 0.00 | 0.00 | -11.59M | 11.73M |
| DepreciationAmortizationDepletion | 343.00K | 13.93M | 25.35M | 14.42M |
| DepreciationAndAmortization | 343.00K | 13.93M | 25.35M | 14.42M |
| OperatingGainsLosses | 17.19M | 1.65M | -12.80M | 79.44M |
| GainLossOnInvestmentSecurities | 17.19M | 1.57M | -16.64M | 79.44M |
| NetIncomeFromContinuingOperations | -103.45M | -225.81M | -1.99B | -254.38M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for BKKT
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|