Bakkt Holdings, Inc.

Bakkt Holdings, Inc.

BKKTยทNYSE

$8.92

-9.0%
TechnologySoftware - Infrastructure

Bakkt Holdings, Inc. operates a digital asset platform. The company's platform enables consumers to buy, sell, convert, and spend digital assets. Its customers include merchants, retailers, and financial institutions. Bakkt Holdings, Inc. has a strategic alliance with the Global Payments to collaborate on use cases starting with enabling cryptocurrency redemption in customer loyalty programs offered by bankcard clients, as well as expanding its banking-as-a-service offerings to include consumer access to cryptocurrency. The company was formerly known as VPC Impact Acquisition Holdings and changed its name to Bakkt Holdings, Inc. The company was founded in 2018 and is headquartered in Alpharetta, Georgia. Bakkt Holdings, Inc. is a subsidiary of Intercontinental Exchange Holdings, Inc.

At a Glance

Live Snapshot
Market Cap$397.94M
EPS-15.7100
P/E Ratio-0.57
Earnings Date08/06/2026
Bakkt Holdings, Inc.

Bakkt Holdings, Inc. Fair Value Envelope

BKKT ยท NYSE

Our analysis suggests that BKKT has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $8.92, this represents a potential HIDDEN relative to our calculated worth for Bakkt Holdings, Inc..

Intrinsic Value
Current Price: $8.92

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value-$129.3M
+ Cash & Equivalents$27.5M
Firm Value-$101.7M
- Debt$0
Equity Value-$101.7M
/ Shares Outstanding14,374,481B
DCF Value-$7
OVERVALUED BY 179%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
-$74.6M
-$37.3M
-$18.7M
-$9.3M
-$4.7M
-$2.3M
-$1.2M
-$583.1K
-$291.5K
-$145.8K
Maintenance CapEx
-$381.7K
-$190.9K
-$95.4K
-$47.7K
-$23.9K
-$11.9K
-$6.0K
-$3.0K
-$1.5K
-$746
Owner Earnings
-$75.0M
-$37.5M
-$18.8M
-$9.4M
-$4.7M
-$2.3M
-$1.2M
-$586.0K
-$293.0K
-$146.5K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$69.5M
-$32.2M
-$14.9M
-$6.9M
-$3.2M
-$1.5M
-$683.9K
-$316.6K
-$146.6K
-$67.9K
Terminal Value represents 0.0% of Enterprise Value
Negative Owner Earnings
This company generates negative free cash flow. Consider adjusting maintenance CapEx percentage or check the financial data.