BKKT
Bakkt Holdings, Inc.
There isn't enough reported data to score BKKT yet.
BKKT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Unavailable | |
| Unavailable |
BKKT's revenue is currently healthy, but its profitability is under pressure. There isn't enough data to rate its cash flow and balance sheet.
BKKT PE Valuation
BKKT has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 24x next year's earnings.
BKKT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Improving | |
| Limited | |
| High |
Analysts expect BKKT to return to profit, with revenue growing.
BKKT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.15 | — |
| Q3 2026 | -$4.85 | +$0.32 |
| Q2 2026 | -$6.31 | -$1.84 |
| Q1 2026 | -$10.41 | -$5.43 |
| Q4 2025 | -$8.87 | -$0.90 |
| Q3 2025 | -$5.17 | +$7.06 |
| Q2 2025 | -$4.47 | +$12.06 |
| Q1 2025 | -$4.98 | +$13.63 |
| Q4 2024 | -$7.97 | +$13.03 |
BKKT is still losing money, but far less than before: $4.85 per share over the past year, against $207.25 at its worst in mid-2023.
BKKT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2025 | $577.9M | +13% |
| Q1 2025 | $1.1B | +26% |
| Q4 2024 | $1.8B | +738% |
| Q3 2024 | $328.4M | +60% |
| Q2 2024 | $509.9M | +47% |
| Q1 2024 | $854.6M | +6481% |
| Q4 2023 | $214.5M | +1275% |
| Q3 2023 | $204.8M | +1492% |
BKKT's revenue has grown year over year every quarter since late 2021: $578M last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2025 | -3.2% | +1.1 points |
| Q1 2025 | -1.7% | +2 points |
| Q4 2024 | -0.7% | +36 points |
| Q3 2024 | -8.3% | +18 points |
| Q2 2024 | -4.3% | +10 points |
| Q1 2024 | -3.7% | +346 points |
| Q4 2023 | -37% | +2091 points |
| Q3 2023 | -26% | +12376 points |
BKKT's operating margin was −3.2% last quarter, up 1.1 points from the same quarter a year ago.
BKKT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$17.9M | +$28.7M |
| Q2 2026 | -$14.8M | -378% |
| Q1 2026 | -$12.1M | +$89.3M |
| Q4 2025 | -$10.8M | -135% |
| Q3 2025 | -$46.7M | -$21M |
| Q2 2025 | $5.3M | +$71.7M |
| Q1 2025 | -$101.4M | -377% |
| Q4 2024 | $31.1M | +$39.4M |
BKKT has burned cash in most quarters: −$56M over the past year, against −$112M the year before.
BKKT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +10% | +4.3M shares |
| 1 year | +573% | +39.1M shares |
| 3 years | +1179% | +42.4M shares |
BKKT has 46M diluted shares, up 573% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $49,000 |
| Q2 2026 | $49,000 |
| Q1 2026 | $280,000 |
| Q3 2025 | $1.7M |
| Q2 2025 | $806,000 |
| Q1 2025 | $906,000 |
| Q4 2024 | $260,000 |
| Q3 2024 | $112,000 |
BKKT Net Leverage
BKKT's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
BKKT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 31.3 | Neutral |
| Stochastic | 4.4 | Oversold |
BKKT's weekly RSI is 31 (neutral) and its Stochastic is 4 (oversold).
BKKT PE vs Technology Sector
BKKT has no meaningful PE right now: it lost money over the past year.
BKKT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.80 | 37% below |
| 20 week MA | $7.08 | 48% below |
| 50 week MA | $9.20 | 60% below |
| 100 week MA | $13.0 | 72% below |
| 200 week MA | $20.0 | 82% below |
BKKT is in a downtrend: it's below all five of its weekly moving averages, and 82% below its 200-week average.
BKKT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $240.0 | $255.3 | +6.4% |
| 2021 | $255.3 | $250.0 | -2.1% |
| 2022 | $250.0 | $33.0 | -87% |
| 2023 | $33.0 | $55.8 | +69% |
| 2024 | $55.8 | $27.5 | -51% |
| 2025 | $27.5 | $10.5 | -62% |
| 2026 YTD | $10.5 | $3.67 | -65% |
BKKT has finished lower in four of the last six years. It's down 65% so far in 2026.