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Bakkt, Inc. (BKKT) stock

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NYSE: BKKT NYSE Finance services Next results ~November 9, 2026

Bakkt, Inc. is a US-listed company in the finance services industry. Its financial year ends in December.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 4 selling5 purchases and 21 sales by directors and officers, last 12 monthsInsider trades
  • Funds63 adding, 45 cuttingOf 16 active managers that changed their stake, 6 added; quarter to June 30, 2026Fund buyers and sellers

The Fundamentalytics view

Next results ~November 9, 2026 (estimated)

Bakkt, Inc.'s trailing-twelve-month revenue grew 115.5% year on year, with a free-cash-flow margin of -2.4%.

Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 587% in the quarter to 2026-06-30.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 115.5% over the last 12 months.
  • Margins widening. Operating margin is up 4.8 points on a year ago.

Things to watch

  • Growth slowing. The growth rate is 18.0 points lower than a quarter earlier.
  • Loss-making. Operating margin is -1.8%: costs exceed revenue.
  • Burning cash. Free cash flow was -2.4% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 62.3% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 106% and a beta of 4.1 against the S&P 500.
  • Heavily shorted. 34.7% of the shares available to trade are sold short (5.5 days of average volume to cover).

Latest results: FY2025 Q2

Filed August 11, 2025
Earnings per share
-$0.34 against an average estimate of $0.07: missed by 586.6%
Revenue
$578m, up 13.3% on a year earlier
Share reaction
-2.1% in the first session after the results on August 10, 2026, against -0.3% for the S&P 500
Guidance given
total Transacting Volume (TTV) $2.5bn (full-year 2026); monthly Active Users (MAUs) 25000 (December 2026)
Next report
November 9, 2026; average EPS estimate $0.50

Bakkt's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-5.2%
  • 1 week-8.1%
  • 1 month-43.2%
  • This year-56.2%
  • 1 year-84.1%
  • 5 years-99.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.7B
Operating margin
-1.8%
Net margin
-0.8%
EPS (TTM, diluted)
$-3.70

Growth

Revenue growth
+115.5%
Change in growth rate
−18.0 pts
Share count change
+62.3%

Earnings

Last results
August 10, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Leadership
  3. Results
  4. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Bakkt, Inc. valuation models and calculator

No model value for Bakkt, Inc. at the moment. Current status: data-quality checks not passed. Available reported financials are shown below.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Bakkt, Inc. as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 12.1%: the 10-year Treasury yield (4.9%) plus a beta of 1.59 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$0.4 ~$6.2–$32 Left out: out of range vs price (0.09x)
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Bakkt, Inc. with asset managers, brokers and exchanges in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 9, 2026, after the close. Analysts expect revenue of $376m and EPS of $0.50 (range $0.50 to $0.50) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.55 — $1.2bn −49%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +779.3% on 90 days ago. In the last 30 days, 1 analyst raised Bakkt, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Bakkt, Inc., last 90 days
$0.00 $1.00 $2.00 $3.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.29 Current fiscal year, 60 days ago: $0.29 Current fiscal year, 30 days ago: $0.29 Current fiscal year, 7 days ago: $0.29 Current fiscal year, Now: $2.55 $2.55

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal year
90 days ago $0.29
60 days ago $0.29
30 days ago $0.29
7 days ago $0.29
Now $2.55

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.07 −$0.34 −586.6%
Mar 2026 −$0.10 −$0.58 −475.4%
Dec 2025 −$0.47 −$6.40 −1260.7%
Sept 2025 −$0.50 $2.47 +593.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 10, 2026
  • Total Transacting Volume (TTV) full-year 2026 about $2.5bn Maintained
    “The Company continues to expect TTV of approximately $2.5 billion for full-year 2026.” source
  • Monthly Active Users (MAUs) · Bakkt Agent December 2026 about 25,000
    “Management currently expects MAUs to reach approximately 25,000 in December 2026 as partner products activate and begin generating qualifying end-user activity.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

1 analysts, Nov 2026
Buy1100%
Hold00%
Sell00%

Monthly trend

  1. Nov 202611

Counts of recommendations published by analysts covering Bakkt, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
34.7%
of tradable shares
Days to cover
5.49
at average volume
Short interest, 1 month
+33%
to October 15, 2026
Held by institutions
29%
of shares
Held by insiders
40.2%
of shares
Employees
48
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
BKKT−16%−86%+87%−56%−60%−56%
Industry peers (median)——————
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
BKKT42%25%50%25%33%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
BKKT−80%−86%−77%−89%−78%−79%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 19, 2020: 100% from October 29, 2021 to November 2, 2026. Getting back needed a 24059% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$4.40 – $26.88
From 52-week high
−83.6%
vs 50-day average
−38.8%
vs 200-day average
−49.9%
Volatility (1 year)
106%
Beta vs S&P 500
4.08

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
2 up, 10 down
typical move ±16.1%
After a week
4 up, 8 down
typical move ±33.8%
After a month
4 up, 8 down
typical move ±42.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 10, 2026 −2.1% −0.3% −5.4% +9.7%
May 11, 2026 −9.9% +0.1% −11.5% −22.0%
March 17, 2026 −7.4% −1.1% −14.2% −0.8%
January 20, 2026 −23.8% −0.9% −30.2% −51.4%
November 12, 2025 −13.7% −1.6% −20.9% −46.2%
August 11, 2025 −13.2% +0.9% −14.5% −13.0%
July 28, 2025 −44.6% −0.3% −48.3% −50.8%
May 12, 2025 +46.8% +4.0% +31.1% +31.1%
March 19, 2025 +12.8% +0.8% +17.3% −8.8%
November 14, 2024 −1.8% −1.9% +169.7% +181.4%
August 14, 2024 −10.8% +2.0% −5.2% −27.1%
May 15, 2024 −5.9% +1.0% +37.2% +67.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Bakkt, Inc.
$0 $1B $2B $3B $4B FY22 Q3 FY23 Q2 FY24 Q1 FY25 Q2 Revenue (TTM), FY22 Q3: $51.3M Revenue (TTM), FY22 Q4: $55.7M Revenue (TTM), FY23 Q1: $56.4M Revenue (TTM), FY23 Q2: $390M Revenue (TTM), FY23 Q3: $581.5M Revenue (TTM), FY23 Q4: $727M Revenue (TTM), FY24 Q1: $1.6B Revenue (TTM), FY24 Q2: $1.7B Revenue (TTM), FY24 Q3: $1.9B Revenue (TTM), FY24 Q4: $3.4B Revenue (TTM), FY25 Q1: $3.7B Revenue (TTM), FY25 Q2: $3.7B $3.7B

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY22 Q3 $51.3M
FY22 Q4 $55.7M
FY23 Q1 $56.4M
FY23 Q2 $390M
FY23 Q3 $581.5M
FY23 Q4 $727M
FY24 Q1 $1.6B
FY24 Q2 $1.7B
FY24 Q3 $1.9B
FY24 Q4 $3.4B
FY25 Q1 $3.7B
FY25 Q2 $3.7B
Revenue growth, TTM YoY Bakkt, Inc.
0% 1000% 2000% 3000% FY22 Q4 FY23 Q2 FY23 Q4 FY24 Q2 FY24 Q4 FY25 Q2 Revenue growth, TTM YoY, FY22 Q4: 49.5% Revenue growth, TTM YoY, FY23 Q1: 35.4% Revenue growth, TTM YoY, FY23 Q2: 726.4% Revenue growth, TTM YoY, FY23 Q3: 1034.4% Revenue growth, TTM YoY, FY23 Q4: 1205.5% Revenue growth, TTM YoY, FY24 Q1: 2682.0% Revenue growth, TTM YoY, FY24 Q2: 343.8% Revenue growth, TTM YoY, FY24 Q3: 218.9% Revenue growth, TTM YoY, FY24 Q4: 373.3% Revenue growth, TTM YoY, FY25 Q1: 133.5% Revenue growth, TTM YoY, FY25 Q2: 115.5% 115.5%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue growth, TTM YoY
FY22 Q4 49.5%
FY23 Q1 35.4%
FY23 Q2 726.4%
FY23 Q3 1034.4%
FY23 Q4 1205.5%
FY24 Q1 2682.0%
FY24 Q2 343.8%
FY24 Q3 218.9%
FY24 Q4 373.3%
FY25 Q1 133.5%
FY25 Q2 115.5%
Operating margin (TTM) Bakkt, Inc.
-4000% -3000% -2000% -1000% 0% FY22 Q3 FY23 Q2 FY24 Q1 FY25 Q2 Operating margin (TTM), FY22 Q3: -3436.3% Operating margin (TTM), FY22 Q4: -3625.4% Operating margin (TTM), FY23 Q1: -3575.8% Operating margin (TTM), FY23 Q2: -518.9% Operating margin (TTM), FY23 Q3: -82.8% Operating margin (TTM), FY23 Q4: -21.5% Operating margin (TTM), FY24 Q1: -9.1% Operating margin (TTM), FY24 Q2: -6.6% Operating margin (TTM), FY24 Q3: -4.6% Operating margin (TTM), FY24 Q4: -2.6% Operating margin (TTM), FY25 Q1: -2.0% Operating margin (TTM), FY25 Q2: -1.8% -1.8%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY22 Q3 -3436.3%
FY22 Q4 -3625.4%
FY23 Q1 -3575.8%
FY23 Q2 -518.9%
FY23 Q3 -82.8%
FY23 Q4 -21.5%
FY24 Q1 -9.1%
FY24 Q2 -6.6%
FY24 Q3 -4.6%
FY24 Q4 -2.6%
FY25 Q1 -2.0%
FY25 Q2 -1.8%
FCF margin (TTM) Bakkt, Inc.
-400% -300% -200% -100% 0% 100% FY22 Q3 FY23 Q2 FY24 Q1 FY25 Q2 FCF margin (TTM), FY22 Q3: -311.4% FCF margin (TTM), FY22 Q4: -266.0% FCF margin (TTM), FY23 Q1: -288.8% FCF margin (TTM), FY23 Q2: -40.4% FCF margin (TTM), FY23 Q3: -16.1% FCF margin (TTM), FY23 Q4: -9.6% FCF margin (TTM), FY24 Q1: 1.1% FCF margin (TTM), FY24 Q2: -0.9% FCF margin (TTM), FY24 Q3: -3.4% FCF margin (TTM), FY24 Q4: -0.7% FCF margin (TTM), FY25 Q1: -4.4% FCF margin (TTM), FY25 Q2: -2.4% -2.4%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY22 Q3 -311.4%
FY22 Q4 -266.0%
FY23 Q1 -288.8%
FY23 Q2 -40.4%
FY23 Q3 -16.1%
FY23 Q4 -9.6%
FY24 Q1 1.1%
FY24 Q2 -0.9%
FY24 Q3 -3.4%
FY24 Q4 -0.7%
FY25 Q1 -4.4%
FY25 Q2 -2.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Dec 2020 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 28 56 727 3,441 2,335
EBITDA −71 −1,994 −142 −82 −147
Operating income −79 −2,019 −156 −83 −148
Net income −80 −578 −75 −47 −107
Diluted EPS — −$101.54 −$10.51 −$3.98 −$8.87
Growth (year on year)
Revenue — +97.3% +>999% +373.3% −32.1%
Margins
EBITDA margin −249.7% <−999% −19.6% −2.4% −6.3%
Operating margin −277.7% <−999% −21.5% −2.4% −6.3%
Net margin −279.4% <−999% −10.3% −1.4% −4.6%
Free-cash-flow margin −180.8% −263.5% −9.6% −0.7% −6.6%
Cash flow
Cash from operations −31 −118 −61 −21 −153
Capital spending 21 31 9 3 0
Free cash flow −52 −148 −70 −24 −153
Stock-based pay 0 32 15 16 72
Free cash flow after stock pay −52 −180 −86 −40 −225
Balance sheet
Cash 75 98 53 39 27
Total debt 0 0 0 0 0
Net debt (negative = net cash) −75 −98 −53 −39 −27
Diluted shares — 6m 7m 12m 12m
Returned to shareholders
Buybacks — 3 3 3 —
Total returned — 3 3 3 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2025 Q3 TTM
Buybacks (TTM)
$3.7M
Returned to shareholders
-3%
of free cash flow
Diluted share count
+62.3%
year over year
Total shareholder yield
1.9%
dividends 0.0% + buybacks 1.9% of market value

Competitors: side by side with peers

Closest by revenue in financials
Last 12 months unless stated BKKT ZION ENVA WTM CG UWMC Median
Revenue, last 12 months $3.7bn $3.7bn $3.7bn $3.8bn $3.6bn $3.6bn $635m
Revenue growth, last 12 months 115.5% 15.2% 20.1% 55.4% −41.9% 26.1% 11.5%
Revenue growth, 3-year average 329.1% 4.0% 21.8% 30.3% 4.9% 27.3% 7.8%
Revenue growth, latest quarter 13.3% 35.7% 25.7% 22.5% −28.6% 17.0% 10.7%
Gross margin — — 60.6% 94.1% 98.2% — 53.9%
Operating margin −1.8% — 24.0% — — — 9.6%
Operating margin, 3-year average −175.7% — 22.8% — — — 13.4%
Net margin −0.8% 31.3% 10.5% 29.3% 10.1% −1.0% 20.4%
Cash from operations / revenue −2.4% 48.2% 56.2% 10.1% −110.7% −135.9% 28.8%
Free-cash-flow margin −2.4% 44.9% 54.9% 9.5% −114.2% −137.6% 25.9%
Free-cash-flow margin, 3-year average −14.6% 26.8% 55.3% 17.1% −41.0% −119.6% 25.8%
Stock pay / revenue 0.4% 1.0% 1.0% 0.5% 11.5% 1.6% 1.4%
Change in share count 62.3% −0.2% −1.8% −2.3% 0.5% — 0.0%

Median of all 562 companies we cover in financials. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Transaction Revenue Net $2.3B 100.0% ▼ 32.1%
Subscription and Service Revenue $50,000 0.0% ▼ 37.5%

From Bakkt, Inc.'s 10-K filed March 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$104M
Institutions reporting
98
Shares held vs prior quarter
▲ 34.2%
Positions opened / closed
15 / 22

Top buyers and sellers, Q2 2026: 63 institutions bought and 45 sold ; the biggest buyer was Blackrock, Inc (+1.9M shares) and the biggest seller Alyeska Investment Group, L.P (−1.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $24.1M 3.1M 23.1% ▲ 167.5%
Geode Capital Management, LLC $15.8M 1.0M 15.1% ▲ 79.6%
Vanguard Capital Management LLC $9.7M 1.2M 9.3% ▲ 98.8%
Tidal Investments LLC $7.4M 945K 7.1% ▼ 0.3%
Alpine Fox Capital LLC $7.1M 905K 6.8% ▲ 2162.5%
State Street Corp $5.7M 732K 5.5% ▲ 158.0%
Weiss Asset Management LP $5.3M 679K 5.1% 0.0%
Renaissance Technologies LLC $2.4M 309K 2.3% ▼ 29.9%
Horizon Kinetics Asset Management LLC $2.2M 280K 2.1% ▼ 11.6%
UBS Group AG $2M 256K 1.9% ▼ 17.6%
Northern Trust Corp $1.8M 233K 1.7% ▲ 114.1%
Vanguard Portfolio Management LLC $1.8M 230K 1.7% ▲ 144.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Bakkt, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $9.1M 5 trades by 1 insider, last 12 months Insider sales History → $355,783 21 trades by 4 insiders · 54% under pre-set plans
Net ▲ $8.8M net buying
Insider Date Trade Shares Price Value
Baes Nicholas Chief Operating Officer September 23, 2026 Sell 1,272 $8.61 $10,952
D'Annunzio Marc General Counsel & Secretary September 23, 2026 Sell 1,272 $8.61 $10,952
Henderson Joseph Sean-Walsh Chief Accounting Officer September 23, 2026 Sell 282 $8.61 $2,428
Alfred Michael Director August 18, 2026 Buy 296,567 $7.12 $2.1M
Henderson Joseph Sean-Walsh Chief Accounting Officer July 15, 2026 Sell 94 $8.33 $783
Alexander Karen Chief Financial Officer July 15, 2026 Sell 657 $8.44 $5,545
D'Annunzio Marc General Counsel & Secretary July 15, 2026 Sell 539 $8.44 $4,549
D'Annunzio Marc General Counsel & Secretary June 26, 2026 Sell pre-set plan 1,357 $7.71 $10,462
Alexander Karen Chief Financial Officer June 25, 2026 Sell 1,907 $7.93 $15,123
Baes Nicholas Chief Operating Officer June 25, 2026 Sell 1,562 $7.93 $12,387
D'Annunzio Marc General Counsel & Secretary June 25, 2026 Sell pre-set plan 1,562 $7.93 $12,387
Henderson Joseph Sean-Walsh Chief Accounting Officer June 25, 2026 Sell 349 $7.93 $2,768

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

  • August 10, 2026
  • May 11, 2026
  • March 17, 2026
  • January 20, 2026
  • November 12, 2025
  • August 11, 2025

Recent SEC filings

Data status

When each part of this page on Bakkt, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Bakkt, Inc. in brief

What does Bakkt, Inc. do?
Bakkt, Inc. is a US-listed company in the finance services industry. Its financial year ends in December.
What is Bakkt, Inc.'s stock ticker?
Bakkt, Inc. trades under the ticker BKKT on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Bakkt, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Bakkt, Inc. reported revenue of $3.7B, 115.5% higher than a year earlier, according to its SEC filings.
What is Bakkt, Inc.'s free cash flow?
Bakkt, Inc.'s free-cash-flow margin is -2.4% of revenue over the trailing twelve months.
Who are Bakkt, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Geode Capital Management, LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Bakkt, Inc. buying back stock, and does it pay a dividend?
Bakkt, Inc. spent $3.7M on share repurchases over the trailing twelve months, and its diluted share count still rose 62.3% over the year.
What is Bakkt, Inc.'s market cap?
On December 31, 2025, Bakkt, Inc.'s market capitalisation was about $121M and net debt of -$27M. Market figures come from third-party market data and may be delayed.
Who are Bakkt, Inc.'s competitors?
In our Financials peer group, the companies closest to Bakkt, Inc. are Zions Bancorporation, National Association, Enova International, Inc., White Mountains Insurance Group LTD, Carlyle Group Inc. and UWM Holdings Corp. The side-by-side comparison below sets their revenue, margins and growth against Bakkt, Inc.'s.
Are insiders buying or selling Bakkt, Inc. stock?
Over the last 12 months, Bakkt, Inc.'s directors and officers reported 5 open-market purchases and 21 sales on Form 4. The insider trading page charts every trade.
When is Bakkt, Inc.'s next earnings date?
Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Bakkt, Inc. announces its own schedule.