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. Profit Bridge
Profitability Analysis
Gross Margin
Negative gross margin indicates the company is losing money on each sale—unsustainable long-term.
Operating Margin
Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.
Net Profit Margin
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Profitability Insight
Critical situation: Negative gross margins indicate fundamental business model issues. The company loses money on every sale—immediate strategic changes required.
Bakkt Holdings, Inc. Income Statement
BKKT • NYSE
| Bakkt Holdings, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
REVENUE | |||||||
2.3B | 3.5B | 780.1M | 56.2M | 37.3M | 28.5M | -864K | |
GROSS PROFIT | |||||||
(2.4B) | (3.4B) | (718.5M) | (1.7M) | (0.0) | (58.6M) | (31.6M) | |
-51.1M | 87M | 61.6M | 54.6M | 37.3M | -30.1M | -32.5M | |
OPERATING INCOME | |||||||
(63.7M) | (179.9M) | (289.5M) | (2.1B) | (201.4M) | (49M) | (3.9M) | |
(122.6M) | (144.2M) | (166.6M) | (203M) | (168.5M) | (8.2M) | (2.6M) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (900K) | (0.0) | |
-147.8M | -92.9M | -227.9M | -2B | -164.1M | -79.1M | -35.9M | |
PRE-TAX INCOME | |||||||
(0.0) | (0.0) | (0.0) | (0.0) | (247K) | (0.0) | (0.0) | |
791K | 4.3M | 4.3M | 1.9M | -236K | 0.0 | 0.0 | |
-58.8M | (35.7M) | (122.9M) | (1.9B) | (32.9M) | (39.9M) | (0.0) | |
50.5M | -10.4M | 2.5M | 17.7M | -78.3M | -95K | 3.5M | |
-97.4M | -103.3M | -225.4M | -2B | -242.4M | -79.2M | -33.2M | |
NET INCOME | |||||||
-49K | (170K) | (444K) | -11.3M | (11.9M) | (391K) | (199K) | |
-107.2M | -46.7M | -74.9M | -578.1M | -133.6M | -79.6M | -33M |
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 |
Related Guides
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Research Paths
Snapshot
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Value Model
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Statements
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Earnings Call
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Dividends
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Analyst Expectations
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