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Technology - Software - Infrastructure - NYSE - US
$ 28.86
10.5 %
$ 187 M
Market Cap
-2.38
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one BKKT stock under the worst case scenario is HIDDEN Compared to the current market price of 28.9 USD, Bakkt Holdings, Inc. is HIDDEN

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one BKKT stock under the base case scenario is HIDDEN Compared to the current market price of 28.9 USD, Bakkt Holdings, Inc. is HIDDEN

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one BKKT stock under the best case scenario is HIDDEN Compared to the current market price of 28.9 USD, Bakkt Holdings, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS
FINANCIALS
780 M REVENUE
1329.68%
-228 M OPERATING INCOME
-13.83%
-74.9 M NET INCOME
96.24%
-60.7 M OPERATING CASH FLOW
48.39%
66 M INVESTING CASH FLOW
138.36%
-2.63 M FINANCING CASH FLOW
-1.93%
328 M REVENUE
-35.59%
-27.4 M OPERATING INCOME
-24.37%
-19.4 M NET INCOME
45.37%
-25.1 M OPERATING CASH FLOW
61.96%
5.9 M INVESTING CASH FLOW
37.35%
-112 K FINANCING CASH FLOW
-1.50%
Balance Sheet Bakkt Holdings, Inc.
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Current Assets 883 M
Cash & Short-Term Investments 70.3 M
Receivables 29.7 M
Other Current Assets 783 M
Non-Current Assets 84.2 M
Long-Term Investments 0
PP&E 11.5 M
Other Non-Current Assets 72.7 M
Current Liabilities 802 M
Accounts Payable 14.9 M
Short-Term Debt 3.64 M
Other Current Liabilities 784 M
Non-Current Liabilities 29.1 M
Long-Term Debt 23.5 M
Other Non-Current Liabilities 5.55 M
EFFICIENCY
Earnings Waterfall Bakkt Holdings, Inc.
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Revenue 780 M
Cost Of Revenue 719 M
Gross Profit 61.6 M
Operating Expenses 290 M
Operating Income -228 M
Other Expenses -153 M
Net Income -74.9 M
RATIOS
7.90% GROSS MARGIN
7.90%
-29.21% OPERATING MARGIN
-29.21%
-9.59% NET MARGIN
-9.59%
-155.04% ROE
-155.04%
-7.74% ROA
-7.74%
-472.93% ROIC
-472.93%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Bakkt Holdings, Inc.
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Net Income -74.9 M
Depreciation & Amortization 13.9 M
Capital Expenditures -9.43 M
Stock-Based Compensation 16.8 M
Change in Working Capital 41.9 M
Others 1.48 M
Free Cash Flow -70.1 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Bakkt Holdings, Inc.
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BKKT has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
5. COMPETITION
6. Ownership
Insider Ownership Bakkt Holdings, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
8.17 K USD 1
9-12 MONTHS
117 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
9.25 M USD 1
6-9 MONTHS
5.21 M USD 1
9-12 MONTHS
Date Value Insider Amount Avg Price
8 months ago
Apr 25, 2024
Bought 304 K USD
Intercontinental Exchange, Inc.
10 percent owner
+ 350880
0.867 USD
8 months ago
Apr 25, 2024
Bought 4.47 M USD
Intercontinental Exchange, Inc.
10 percent owner
+ 175440
25.5 USD
8 months ago
Apr 25, 2024
Bought 4.47 M USD
Intercontinental Exchange, Inc.
10 percent owner
+ 175440
25.5 USD
8 months ago
Apr 22, 2024
Sell 8.17 K USD
D'Annunzio Marc
General Counsel & Secretary
- 20504
0.3987 USD
10 months ago
Mar 04, 2024
Bought 2.39 M USD
Intercontinental Exchange, Inc.
10 percent owner
+ 2762009
0.867 USD
10 months ago
Mar 04, 2024
Bought 1.41 M USD
Intercontinental Exchange, Inc.
10 percent owner
+ 1381004
1.02 USD
10 months ago
Mar 04, 2024
Bought 1.41 M USD
Intercontinental Exchange, Inc.
10 percent owner
+ 1381004
1.02 USD
10 months ago
Feb 23, 2024
Sell 44 K USD
D'Annunzio Marc
General Counsel & Secretary
- 50247
0.8766 USD
11 months ago
Feb 08, 2024
Sell 18.9 K USD
D'Annunzio Marc
General Counsel & Secretary
- 19329
0.9792 USD
11 months ago
Jan 25, 2024
Sell 54.2 K USD
D'Annunzio Marc
General Counsel & Secretary
- 42807
1.2673 USD
1 year ago
Dec 29, 2023
Sell 1.01 M USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 393125
2.5585 USD
1 year ago
Dec 28, 2023
Sell 833 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 360544
2.3097 USD
1 year ago
Dec 27, 2023
Sell 1.7 M USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 753001
2.2521 USD
1 year ago
Dec 20, 2023
Sell 479 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 237711
2.0135 USD
1 year ago
Dec 19, 2023
Sell 291 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 144484
2.0107 USD
1 year ago
Dec 07, 2023
Sell 414 K USD
Collins Sean Roberts
Director
- 225236
1.84 USD
1 year ago
Dec 07, 2023
Sell 329 K USD
Collins Sean Roberts
Director
- 182646
1.8029 USD
1 year ago
Dec 08, 2023
Sell 79.6 K USD
Collins Sean Roberts
Director
- 46501
1.7111 USD
1 year ago
Dec 07, 2023
Sell 87.7 K USD
Collins Sean Roberts
Director
- 47661
1.84 USD
1 year ago
Dec 08, 2023
Sell 64 K USD
Collins Sean Roberts
Director
- 36990
1.73 USD
1 year ago
Dec 07, 2023
Sell 23.5 K USD
Collins Sean Roberts
Director
- 12782
1.84 USD
1 year ago
Dec 08, 2023
Sell 41.4 K USD
Collins Sean Roberts
Director
- 23939
1.73 USD
1 year ago
Dec 11, 2023
Sell 51.8 USD
Collins Sean Roberts
Director
- 31
1.67 USD
1 year ago
Dec 06, 2023
Sell 38.5 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 18763
2.0516 USD
1 year ago
Dec 06, 2023
Sell 82.8 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 40283
2.0544 USD
1 year ago
Dec 05, 2023
Sell 569 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 276898
2.0542 USD
1 year ago
Dec 04, 2023
Sell 385 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 182819
2.1042 USD
1 year ago
Jul 19, 2023
Sell 1.11 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 600
1.85 USD
1 year ago
Jul 17, 2023
Sell 76 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 40585
1.8731 USD
1 year ago
Jul 14, 2023
Sell 828 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 400000
2.07 USD
1 year ago
Jul 13, 2023
Sell 660 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 400000
1.6498 USD
1 year ago
Jul 12, 2023
Sell 630 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 400000
1.5742 USD
1 year ago
Jul 11, 2023
Sell 315 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 200000
1.5773 USD
1 year ago
May 18, 2023
Sell 77.6 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 54914
1.4126 USD
1 year ago
Apr 28, 2023
Sell 68.8 K USD
D'Annunzio Marc
General Counsel & Secretary
- 50237
1.3686 USD
1 year ago
Apr 28, 2023
Sell 68.8 K USD
D'Annunzio Marc
General Counsel & Secretary
- 50237
1.3686 USD
1 year ago
Apr 14, 2023
Sell 34.4 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 22488
1.5305 USD
1 year ago
Apr 03, 2023
Sell 33.3 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 20000
1.666 USD
1 year ago
Mar 31, 2023
Sell 127 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 74495
1.7 USD
1 year ago
Mar 14, 2023
Sell 66 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
director, 10 percent owner:
- 50000
1.32 USD
1 year ago
Feb 13, 2023
Sell 6.49 K USD
Elliot Mark Sonbolian
Chief Sales & Mktg Officer
- 4382
1.4803 USD
1 year ago
Feb 13, 2023
Sell 30.3 K USD
D'Annunzio Marc
General Counsel & Secretary
- 20511
1.4794 USD
1 year ago
Feb 06, 2023
Sell 73.8 K USD
D'Annunzio Marc
General Counsel & Secretary
- 43157
1.7097 USD
1 year ago
Feb 01, 2023
Sell 541 K USD
Michael Gavin Constantine
CEO and President
- 340002
1.5904 USD
1 year ago
Jan 25, 2023
Sell 27.9 K USD
Elliot Mark Sonbolian
Chief Sales & Mktg Officer
- 16500
1.6939 USD
2 years ago
Jan 13, 2023
Sell 206 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 100000
2.061 USD
2 years ago
Dec 23, 2022
Sell 15.5 K USD
Alexander Karen
Chief Financial Officer
- 11487
1.35 USD
2 years ago
Dec 01, 2022
Sell 124 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 69640
1.784 USD
2 years ago
Nov 17, 2022
Sell 330 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 170000
1.941 USD
2 years ago
Oct 26, 2022
Sell 17.5 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 7500
2.331 USD
2 years ago
May 19, 2022
Sell 43.7 K USD
Levy Richard N
director:
- 16000
2.73 USD
3 years ago
Dec 23, 2021
Sell 143 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
director, 10 percent owner:
- 14115
10.14 USD
3 years ago
Dec 16, 2021
Sell 403 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
director, 10 percent owner:
- 44856
8.98 USD
3 years ago
Dec 16, 2021
Sell 653 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
director, 10 percent owner:
- 63600
10.27 USD
3 years ago
Dec 16, 2021
Sell 62 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
director, 10 percent owner:
- 5540
11.19 USD
3 years ago
Jul 07, 2021
Sell 17.9 M USD
Alpine Global Management, LLC
10 percent owner
- 1800000
9.97 USD
3 years ago
Jan 28, 2021
Bought 50 K USD
Alpine Global Management, LLC
10 percent owner
+ 3577
13.98 USD
3 years ago
Jan 29, 2021
Bought 49.1 K USD
Alpine Global Management, LLC
10 percent owner
+ 3344
14.68 USD
3 years ago
Jan 28, 2021
Sell 40.4 K USD
Alpine Global Management, LLC
10 percent owner
- 2860
14.11 USD
3 years ago
Jan 27, 2021
Bought 3.65 M USD
Alpine Global Management, LLC
10 percent owner
+ 259523
14.06 USD
3 years ago
Jan 29, 2021
Sell 10.5 K USD
Alpine Global Management, LLC
10 percent owner
- 717
14.65 USD
3 years ago
Jan 26, 2021
Bought 3.9 M USD
Alpine Global Management, LLC
10 percent owner
+ 258788
15.07 USD
7. News
DJT stock down on reported talks with Bakkt Trump Media & Technology Group (DJT, DJTWW) is reportedly in talks to acquire Bakkt Holdings (BKKT, BKKT-WT), a cryptocurrency trading platform, according to a Financial Times report. Trump Media shares are now pulling back from the news-driven rally, while Bakkt stock experiences extended gains. youtube.com - 2 months ago
Trump Media group reportedly in talks to buy crypto marketplace Bakkt as bitcoin approaches $100K President-elect Trump's social media company is reportedly in advanced talks to purchase cryptocurrency exchange Bakkt as digital assets continue to soar. foxbusiness.com - 2 months ago
Trump Media nearing deal to buy crypto firm Bakkt: report The valuation of the deal is unclear. Bakkt had a market capitalization of more than $150 million on Monday. nypost.com - 2 months ago
Trump Media in reverse after Bakkt crypto takeover rumour rally Trump Media & Technology Group Corp (NASDAQ:DJT) shares were in reverse in pre-market trading after reports emerged on Monday of a bid for cryptocurrency trading firm Bakkt. According to Financial Times-cited sources, Donald Trump's social media was closing in on an all-share deal for the Intercontinental Exchange (ICE)-owned group. proactiveinvestors.com - 2 months ago
Report: Trump's Social Media Company in ‘Advanced Talks' to Buy Bakkt President-elect Donald Trump's Trump Media & Technology (TMTG) is reportedly in advanced talks to buy cryptocurrency trading venue Bakkt. TMTG is near an all-share purchase of Bakkt, the Financial Times (FT) reported Monday (Nov. 18), citing unnamed sources. pymnts.com - 2 months ago
Trump Digs Deeper Into Cryptocurrency? Bakkt Shares Soar On Reported Interest From President-Elect's Media Company Donald Trump was viewed as the more pro-cryptocurrency presidential candidate in the 2024 election and his support for crypto could get another push with a report that his media company is acquiring a cryptocurrency trading company. benzinga.com - 2 months ago
Trump Media is in advanced talks to buy crypto platform Bakkt, reports say CNBC's Kate Rooney joins 'Closing Bell' to discuss reports that Trump Media is in advanced talks to buy crypto platform Bakkt. youtube.com - 2 months ago
Trump Media in reported talks to buy crypto trading platform Bakkt, sending shares soaring Trump Media is reportedly in "advanced talks" to buy the cryptocurrency trading firm Bakkt, the Financial Times reported, citing two people with knowledge of the talks. Shares of DJT and Bakkt soared after the report was published. cnbc.com - 2 months ago
Donald Trump's social media group in talks to buy Bakkt, FT reports Donald Trump's social media company Trump Media and Technology Group is in advanced talks to buy Bakkt BKKT.N, a crypto trading firm backed by Intercontinental Exchange , the Financial Times reported on Monday. reuters.com - 2 months ago
Bakkt Holdings, Inc. (BKKT) Q3 2024 Earnings Call Transcript Bakkt Holdings, Inc. (NYSE:BKKT ) Q3 2024 Earnings Conference Call November 14, 2024 5:00 AM ET Company Participants Andy Main - Chief Executive Officer, President Karen Alexander - Chief Financial Officer Conference Call Participants Operator Greetings, and welcome to the Bakkt Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. seekingalpha.com - 2 months ago
Bakkt Reports Third Quarter 2024 Results ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt” or the “Company”) (NYSE: BKKT) announced its financial and operational results for the quarter ended September 30, 2024. CEO Comments: "Since the U.S. Presidential election, we've seen a dramatic increase in trading volumes driven by favorable macro sentiment and rising crypto prices,” said Andy Main, President and CEO of Bakkt. “As of November 12th, we had transacted $279 million in volume, already surpassing October's total of $1. businesswire.com - 2 months ago
Bakkt Reschedules Release of Third Quarter 2024 Earnings Results and Conference Call ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt” or the “Company”) (NYSE: BKKT) announced today that it has changed the date for its previously announced earnings conference call. The Company will now host its earnings conference call at 5:00 p.m. ET on Thursday, November 14, 2024, to review the results for the quarter. Investors and analysts interested in participating in the earnings conference call are invited to join at https://events.q4inc.com/attendee/823369792 or dial in a. businesswire.com - 2 months ago
8. Profile Summary

Bakkt Holdings, Inc. BKKT

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COUNTRY US
INDUSTRY Software - Infrastructure
MARKET CAP $ 187 M
Dividend Yield 0.00%
Description 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.
Contact 10000 Avalon Boulevard, Alpharetta, GA, 30009 https://www.bakkt.com
IPO Date Nov. 19, 2020
Employees 747
Officers Mr. Nicholas Baes Chief Technology Officer Ms. Ann Park DeVries Head of Investor Relations Mr. Marc D'Annunzio J.D. General Counsel & Corporate Secretary Mr. David C. Clifton Executive Director Mr. Andrew A. Main President, Chief Executive Officer & Director Ms. Karen J. Alexander CFA Chief Financial Officer & Principal Financial Officer Ms. Lauren Post Head of Communications Dr. Gavin Constantine Michael Ph.D. Advisor Mr. Gordon Watson Executive Director Mr. Joe Henderson Vice President, Chief Accounting Officer & Principal Accounting Officer