profit from every $100 of sales.
$0$100
Bakkt Holdings
$3.67-7.32% today
-83.0% in 1 year
1-year low $3.671-year high $21.61
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Bakkt Holdings sold, what it kept, and what it did with the cash.
Sales went from $56.2 million in 2022 to $2.34 billion in 2025, with -$107 million of profit last year.
SalesProfit
Bakkt Holdings vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Bakkt Holdings | No profit yet | ||
 Microsoft | 29.0× · Fair price | ||
 Palantir Technologies | 254.4× · Very expensive | ||
 Oracle | 23.2× · Fair price | ||
 Palo Alto Networks | 232.9× · Very expensive |
AI analysis
An AI analyst reads Bakkt Holdings's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 56 | 727 | 3,441 | 2,335 | |
| 55 | 8 | 38 | 27 | |
| -177 | -111 | -74 | -142 | |
| -152 | -97 | -73 | -141 | |
| -578 | -75 | -47 | -107 | |
| -203.08 | -21.01 | -7.97 | -8.87 | |
| 97.1% | 1.2% | 1.1% | 1.1% | |
| -315.4% | -15.3% | -2.1% | -6.1% | |
| -1,028.2% | -10.3% | -1.4% | -4.6% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 456 | 265 | 269 | 163 |
| Cash | 98 | 53 | 39 | 27 |
| Total debt | 26 | 27 | 20 | 1 |
| Total liabilities | 119 | 130 | 207 | 50 |
| 96 | 48 | 34 | 113 | |
| 3 | 4 | 6 | 26 | |
| -114.2% | -116.2% | -108.0% | -98.8% | |
| -600.5% | -155.0% | -137.7% | -95.1% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -118 | -61 | -21 | -153 | |
| 31 | 9 | 3 | 4 | |
| -148 | -70 | -24 | -157 | |
| Dividends paid | – | – | – | – |
| 3 | 3 | – | – | |
| 32 | 17 | 16 | 72 |
Valuation
- –
- 4.1×
- –
- 0.5×
- 0.1×
- –
- –
- -81.9%
- -55.9%
- 0.0%
Profitability
- 1.1%
- -6.1%
- -4.6%
- -9.8%
- -67.9%
- -154.7%
- -116.5%
- -59.2%
- -68.0%
- –
Growth
- +246.3%
- –
- −531.5%
- –
- −41.2%
Financial health
- -0.2×
- 0.00
- 0.0%
- -2,349.3×
- 4.13
- 4.13
- 6.00
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 1%of 969
Bottom 14%of 976
Top 1%of 978
Bottom 1%of 983
What analysts expect
- Average price target
- $7.50
- Range
- $2.00 – $13.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 11, 2026 | -0.41 | -0.10 | −310.0% |
| Mar 16, 2026 | -6.73 | -0.55 | −1,134.9% |
| Nov 10, 2025 | 1.20 | -0.47 | +355.3% |
| Aug 11, 2025 | -2.16 | – | – |
| May 12, 2025 | -2.81 | -0.73 | −284.8% |
| Mar 19, 2025 | -2.95 | -0.84 | −251.2% |
| Nov 14, 2024 | -3.49 | -1.10 | −217.3% |
| Aug 14, 2024 | -2.67 | -1.77 | −50.8% |
News
Bakkt appoints Matt White as CFOSeeking Alpha · Aug 17, 2026The newest story we have is from Aug 17, 2026.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
43No pass
Benjamin Graham
73Pass
Philip Fisher
43No pass
Peter Lynch
51No pass
Joel Greenblatt
0No pass
Charlie Munger
40No pass
Terry Smith
44No pass
Questions about Bakkt Holdings
Is Bakkt Holdings a good stock to buy?
A business with weak numbers that is not profitable yet. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Bakkt Holdings AI analysis
What does Bakkt Holdings do?
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. It is in Software - Infrastructure.
Does Bakkt Holdings pay a dividend?
No. Bakkt Holdings does not pay a dividend at the moment.
Is Bakkt Holdings stock halal?
Yes. Bakkt Holdings passes our halal screen: its business is permitted and its debt is 0.3% of its market value, under the 30% limit. How we check
How has Bakkt Holdings stock done over the past year?
Down 83.0% over the past twelve months, to $3.67. It traded between $3.67 and $21.61 and is 83.0% below its high.
Who are Bakkt Holdings's competitors?
The largest listed companies in the same industry are Microsoft, Palantir Technologies, Oracle and Palo Alto Networks. The peers table on this page compares their profit, growth and price with Bakkt Holdings's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.