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Bakkt, Inc. balance sheet

At the end of fiscal 2025, Bakkt, Inc. had total assets of $163m, total liabilities of $50.0m and shareholders' equity of $113m. It held $27.0m in cash against $0 of debt.

Balance sheet

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

Fiscal year2020Dec 20202022Dec 20222023Dec 20232024Dec 20242025Dec 2025
Cash and equivalents7598533927
Receivables102530812
Total current assets13232618118472
Goodwill23316686865
Total assets468456265269163
Accounts payable7261534
Deferred revenue (current)44401
Total current liabilities519210113833
Short-term debt0————
Total debt00000
Total liabilities5911913020750
Shareholders' equity−29964834113
Non-controlling interests and other (assets − liabilities − equity)4392408729—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Bakkt, Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Bakkt, Inc.