Bakkt Holdings Inc. Class A (BKKT) Financials

$8.18

$0.25 (3.15%)

As on 11-Sep-2026 16:00EDT

Market cap

$357 Mln

Revenue (TTM)

$1,115 Mln

P/E Ratio

--

P/B Ratio

1.1

Div. Yield

0 %

Annual
Quarterly

Income Statement ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Operating Revenue	1,115.13	2,335.24	3,490.22	780.14	56.22	39.44
Cost of Revenue	1,181.57	2,308.39	3,403.21	718.51	167.61	175.10
Gross Profit	-66.45	26.85	87.01	61.63	-113.04	-137.83
Operating Expenses	59.19	168.57	179.93	289.52	231.89	187.88
Operating Profit (EBIT)	-125.64	-141.71	-92.92	-227.89	1,647.64	-164.10
Other Income	--	--	--	--	15.78	--
Profit before Tax	-20.84	-97.71	-103.28	-225.37	-2,001.25	-242.36
Provision for Tax	-0.16	-0.05	0.17	0.44	-11.32	0.30
Profit after Tax (Net Income)	-31.00	-107.21	-46.66	-74.85	-1,989.93	-242.66
Minority Interest	18.13	25.02	56.79	326.44	-1,411.83	--
Consolidated Profit	--	--	--	--	-578.11	-44.00

Liabilities ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Shareholder's Funds	354.39	112.78	33.89	48.28	96.26	468.40
Minority Interest	18.13	--	--	--	239.81	--
Non-Current Liabilities	18.19	16.98	68.81	29.08	27.30	48.71
Current Liabilities	31.02	33.03	137.72	802.07	92.13	73.60
Total Liabilities	434.62	162.79	269.38	966.87	455.50	2,416.48

Assets ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Non-Current Assets	306.20	90.59	85.53	84.22	129.04	1,952.94
Current Assets	97.40	72.20	183.85	882.64	326.47	463.55
Total Assets	434.62	162.79	269.38	966.87	455.50	2,416.48
Total Debt*	0.06	0.55	19.90	27.16	26.42	28.96
Net Current Assets	66.38	39.17	46.13	80.57	234.34	390.00

Cashflow ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Cash From Operating Activities	--	-149.26	-21.20	-60.70	-117.60	-134.30
Cash Flow from Investing Activities	--	-38.12	14.13	65.97	-171.96	16.92
Cash from Financing Activities	--	77.95	43.82	-2.63	-2.58	256.83
Net Cash Inflow / Outflow	--	--	--	--	-292.14	--

Financials Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Adjusted EPS ($)	-7.49	-8.01	-7.18	-20.33	-628.95	-4.49
Cash EPS ($)	-3.83	-7.96	-7.12	-15.48	-620.94	-4.22
Adjusted Book Value ($)	7.87	8.43	5.21	13.11	30.43	8.67
Dividend per Share ($)	--	--	--	--	--	--
Cash Flow per Share ($)	--	-11.15	-3.26	-16.48	-37.17	-2.49
Free Cash Flow per Share ($)	--	-11.46	-3.74	-19.04	-46.82	-2.78

Profitability Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
ROCE (%)	--	-128.30	-72.21	-75.56	-641.88	-54.65
ROE (%)	-5.51	-146.19	-113.56	-103.57	-704.83	-56.65
ROA (%)	-8.63	-49.62	-7.55	-10.53	-138.58	-16.82
EBIT Margin (%)	-1.70	-4.18	-2.40	-16.44	2,930.49	-416.10
Net Margin (%)	-2.78	-4.59	-1.34	-9.59	-2,763.57	-615.31
Cash Profit Margin (%)	0.00	--	--	--	--	--

Growth Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Revenue Growth (%)	-70.49	-0.33	3.47	12.88	0.43	0.38
EBIT Growth (%)	77.88	-16.73	34.72	-107.78	1,104.06	-225.23
Net Profit Growth (%)	-640.28	-129.78	37.67	96.24	-720.06	-204.83
EPS Growth (%)	-71.05	-0.12	0.65	0.97	-139.01	0.89
Book Value Growth (%)	64.38	--	--	--	--	--

Valuation Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Price / Earnings	--	-1.25	-3.45	-0.11	0.00	-1.89
Price / Book Value	1.05	1.19	4.75	0.17	0.04	0.98
Dividend Yield (%)	--	--	--	--	--	--
EV/EBITDA	0.79	-1.10	-1.69	0.31	-0.13	-0.53
Close Price ($)	7.81	10.04	24.77	2.23	1.19	8.51
High Price ($)	49.79	49.79	37.21	2.87	9.01	50.80
Low Price ($)	6.87	6.83	0.41	0.64	1.16	8.00
Market Cap ($ Cr)	357.40	--	--	--	--	--

Solvency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debt to Equity	--	0.00	0.59	0.56	0.27	0.06
Short term debt to equity ratio	0.00	0.00	0.11	0.08	0.03	0.04
Current Ratio	3.14	2.19	1.33	1.10	3.54	6.30
Quick Ratio	3.14	--	--	--	3.11	6.54
Interest Coverage	-33.90	--	--	--	877.80	-664.36

Operating Efficiency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debtors to sales (%)	1.01	0.52	0.18	3.80	45.01	46.00
Asset Turnover	3.11	10.81	5.65	1.10	0.04	0.03
Receivable days	--	1.45	1.89	12.87	141.13	121.50
Inventory Days	--	--	--	20.29	23.72	25.04
Payable days	--	3.06	1.29	10.40	39.90	18.58
Cash Conversion Cycle	--	--	--	22.76	124.95	127.96

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.