Bakkt, Inc.
Company Stats
- Market Cap
- $352.0M
- as of Sep 30, 2026
- Shares Outstanding
- 45.1M
- Free Float
- 40.6%
Income Statement
- Revenue
- $2.3B
- Operating Income
- -$147.8M
- Net Income
- -$107.2M
- EBITDA
- -$147.2M
- Non-cash Impairment
- $961,000
- Revenue Growth, 3Y
- 246.3%
- FCF Margin, 3Y Avg
- -5.6%
- FCF Margin, Worst Year
- -9.6%
Cash Flow
- Free Cash Flow
- -$153.4M
- FCF Yield
- -43.6%
- Owner FCF Yield
- -63.9%
Balance Sheet
- Cash & Equivalents
- $27.0M
Returns & Capital
- SBC, 3Y Avg
- $34.3M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $2.3B | -$153.4M | -6.6% |
| FY2024 | $3.4B | -$24.3M | -0.7% |
| FY2023 | $727.0M | -$70.1M | -9.6% |
| FY2022 | $56.2M | -$148.1M | -263.5% |
Annual filing data through FY ended December 31, 2025; shares and float as of November 5, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges