Also trades as: BKKT (NYSE) · $vol 7M
BKKT-WT NYSE
Bakkt Holdings, Inc.
1W: -13.7%
1M: +315.4%
3M: +5.9%
YTD: -103.4%
1Y: -91.8%
3Y: -81.8%
$0.05
-0.00 (-5.88%)
Pre-Market: $0.01 (-0.04, -87.15%)
Credit Risk of going bust: lower than 73% of companies Debt: 0.0% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.00 (down more than 99.9%), Bakkt Holdings, Inc. would be worth roughly what it owes.
Total debt $63K against a stock market value of $229.4M.
Distance to default 8.21 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $20K (short-term plus half of long-term), stock volatility 107.4%; Altman Z'' 1.57. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $0.00 (down more than 99.9%), Bakkt Holdings, Inc. would be worth roughly what it owes.
Total debt $63K against a stock market value of $229.4M.
Distance to default 8.21 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $20K (short-term plus half of long-term), stock volatility 107.4%; Altman Z'' 1.57. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
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By Product / Service
Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$2.3B
-33.1% ▼
5Y CAGR: +141.4%
Gross Profit
-$51M
-158.7% ▼
Operating Income
-$115M
-23.6% ▼
Net Income
-$132M
-183.4% ▼
EPS (Diluted)
$-15.71
-97.1% ▼
EBITDA
-$114M
-37.0% ▼
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $37M | $56M | $780M | $3.5B | $2.3B |
| YoY Growth | +30.7% | +50.9% | +1287.5% | +347.4% | -33.1% |
| Cost of Revenue | $0 | $2M | $719M | $3.4B | $2.4B |
| Gross Profit | $37M | $55M | $62M | $87M | -$51M |
| Gross Margin | 100.0% | 97.1% | 7.9% | 2.5% | -2.2% |
| R&D Expenses | $0 | $0 | $0 | $0 | $0 |
| SG&A Expenses | $169M | $203M | $167M | $144M | $13M |
| Operating Expenses | $201M | $2.1B | $290M | $180M | $64M |
| Operating Income | -$164M | -$2.0B | -$228M | -$93M | -$115M |
| Operating Margin | -440.6% | -3590.8% | -29.2% | -2.7% | -4.9% |
| Interest Expense | $247K | $0 | $0 | $0 | $0 |
| Income Before Tax | -$242M | -$2.0B | -$225M | -$103M | -$97M |
| Tax Expense | $12M | -$11M | $444K | $170K | -$49K |
| Net Income | -$134M | -$578M | -$75M | -$47M | -$132M |
| Net Margin | -358.5% | -1028.2% | -9.6% | -1.3% | -5.7% |
| EPS (Diluted) | $-4.24 | $-203.08 | $-21.01 | $-7.97 | $-15.71 |
| EBITDA | -$135M | -$152M | -$114M | -$83M | -$114M |
| Shares Outstanding | 57M | 3M | 4M | 6M | 7M |