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Companies / Financials / Bakkt, Inc.
BKKT

Bakkt, Inc.

FinancialsFinance Services
Ticker BKKTATLANTA, GAFiscal year ends DecemberBook value per share $10.01Diluted shares 35.4M

Bakkt, Inc. (NYSE: BKKT) builds digital financial infrastructure for institutions and businesses serving individual users. Its platform supports digital-asset trading, custody, stablecoin and fiat payments, and transfers, allowing clients to offer these services through their own applications. Bakkt Markets provides… From the company’s description.

Over the twelve months to Jun 30, 2026, Bakkt, Inc. reported revenue of $1.10B, down 71.0% from a year earlier, and a net loss of $49.13M. Its pre-tax margin was −13.4%. In fiscal 2025, it reported revenue of $2.34B, down 33.1% from fiscal 2024, and a net loss of $132.23M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$2.34BFY2025
−33.1% year over year
Last 12 mo $1.10B
-6.33%FY2025
−3.7 percentage points
Last 12 mo -13.44%
$-132.23MFY2025
−27.8% year over year
Last 12 mo $-49.13M
-89.68%FY2025
+21.1 percentage points
Last 12 mo -6.77%
Cash & financing
$-153.40MFY2025
−623.5% year over year
Last 12 mo $-84.38M
$-154.57MFY2025
−536.3% year over year
Last 12 mo $-87.64M
—
12.1MFY2025
+106.5% year over year
Last 12 mo 35.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Bakkt, Inc. does

In the company’s own words

Bakkt, Inc. (NYSE: BKKT) builds digital financial infrastructure for institutions and businesses serving individual users. Its platform supports digital-asset trading, custody, stablecoin and fiat payments, and transfers, allowing clients to offer these services through their own applications. Bakkt Markets provides brokerage, trading, payment, liquidity, and custody capabilities, while Bakkt Agent offers programmable software for onboarding, account creation, funding, compliance workflows, and domestic and cross-border money movement. Bakkt Global uses strategic investments in locally regulated entities to extend the company’s technology and services into international markets. Clients include financial institutions, hedge funds, merchants, retailers, and other business partners; individual users transact through those clients’ platforms. The company operates primarily through its subsidiary Bakkt Financial Solutions I, LLC, which provides digital-asset services and holds required U.S. licenses. Bakkt was founded in 2018 and completed the sale of its loyalty business in 2025, focusing its operations on digital financial infrastructure.

Company details
Sector
Financials
Industry (SIC)
Finance Services
Headquarters
ATLANTA, GA
Fiscal year end
December
CIK
1820302
SIC
6199

Financial performance, year by year

Fiscal 2022–2025 · USD
$-2.54B$-893.90M$750.14M$2.39B$4.04B2022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Bakkt, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

112
funds hold it
0 of 35
superinvestors hold it
$42.64M
held by funds, at market

Largest fund holders · Bakkt, Inc.’s weight in each

Amplify Blockchain Technology ETF
BLOK · Amplify ETF Trust
0.63%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.72%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Bakkt, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Bakkt, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Bakkt, Inc.'s last four quarterly filings that the numbers alone won't show?”
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