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Bakkt, Inc. key statistics and ratios

In fiscal 2025, Bakkt, Inc. had return on equity of -146.2% and a net margin of -4.6%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Bakkt, Inc.: financial ratios, annual
Fiscal year2020Dec 20202022Dec 20222023Dec 20232024Dec 20242025Dec 2025
Net margin−279.4%<−999%−10.3%−1.4%−4.6%
Return on equity——−103.6%−113.6%−146.2%
Return on assets−17.0%−125.1%−20.8%−17.5%−49.6%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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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.