BKKT - NYSE
Bakkt Holdings, Inc.
$8.92
-9.0%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 SnapshotBakkt Holdings, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
CapEx Intensity
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extension—monitor closely.
Cash Flow Quality Insight
Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.
Bakkt Holdings, Inc. Cash Flow Statement
BKKT • NYSE
| Bakkt Holdings, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||||
-132.2M | -103.4M | -74.9M | -2B | -183.2M | -79.6M | -33M | |
607K | 343K | 13.9M | 25.4M | 16.2M | 8M | 87K | |
0.0 | 0.0 | 0.0 | -11.6M | 11.7M | -354K | 0.0 | |
71.6M | 15.8M | 16.8M | 32.1M | 0.0 | 11.6M | 10.7M | |
-2.1M | 19.7M | -58.4M | 1.8B | 45M | 18.6M | 6.2M | |
(0.0) | (0.0) | (239K) | (0.0) | (0.0) | (0.0) | (0.0) | |
-87.2M | 46.3M | 41.9M | 2.9M | -24.1M | 10.8M | -32.5M | |
-149.3M | -21.2M | -60.7M | -117.6M | -134.3M | -30.9M | -48.5M | |
INVESTING ACTIVITIES | |||||||
(0.0) | -3.1M | -9.4M | -30.5M | -15.7M | -20.6M | -9.2M | |
(0.0) | (0.0) | -48.5M | (30.5M) | (32.6M) | (10.7M) | -29.8M | |
-66.7M | -18M | -61.8M | -306.6M | -2M | (0.0) | (0.0) | |
55M | 35.2M | 185.8M | 165.2M | 2M | 2M | 0.0 | |
-26.4M | 0.0 | 0.0 | -30.5M | 8K | 0.0 | -2M | |
-38.1M | (14.1M) | (66M) | -172M | (16.9M) | -7.9M | -40.9M | |
FINANCING ACTIVITIES | |||||||
70.8M | 46.5M | -2.6M | -2.6M | 227.5M | 37.8M | 0.0 | |
10.2M | 0.0 | 0.0 | 0.0 | -501K | -313K | 0.0 | |
(0.0) | (0.0) | -2.6M | -2.6M | -84.5M | (0.0) | (0.0) | |
-3.1M | -2.7M | 0.0 | 2K | 29.9M | 0.0 | 0.0 | |
77.9M | 43.8M | -2.6M | -2.6M | 256.8M | 37.5M | 0.0 | |
CASH FLOW SUMMARY | |||||||
73M | -1.5M | 436K | -850K | 267.2M | 191K | 0.0 | |
-36.4M | 35.2M | 3.1M | -293M | 406.7M | -1.2M | -89.4M | |
63.9M | 118.5M | 115.4M | 408.4M | 1.2M | 93.1M | 182.6M | |
27.5M | 153.7M | 118.5M | 115.4M | 407.9M | 91.9M | 93.1M | |
-153.4M | -24.3M | -70.1M | -148.1M | -150M | -51.5M | -57.7M |
SEC Filings
BKKT - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
S-3 S-3 N/A | May 13, 2026 | May 13, 2026 | ||
8-K 8-K 2026 N/A | May 11, 2026 | May 11, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 11, 2026 | March 31, 2026 | 2026 | |
DEF 14A DEF 14A 2025 N/A | April 30, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | April 30, 2026 | April 30, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 20, 2026 | April 17, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 24, 2026 | March 24, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 19, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 17, 2026 | March 16, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 02, 2026 | February 27, 2026 | 2026 |
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