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BKKT · NYSE · United States · Finance Services
In shortBakkt, Inc. is loss-making.
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it. Bank or insurer: tests that do not apply to them are left out.
| Operating marginShare of each sale left after running the business, before interest and tax. | -6.3% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -4.6% | 2/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -146.2% | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -6.6% | n/a |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 0 of 5 | n/a |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 5 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 4 | 58/100 |
| Revenue growth volatility | 550.1% | 0/100 |
| Operating margin volatility | 1575.7% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 246.3% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY20 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 28 | 56 | 727 | 3,441 | 2,335 |
| Operating income | (79) | (2,019) | (156) | (83) | (148) |
| Pre-tax income | (79) | (2,001) | (153) | (94) | (97) |
| Income tax | 0.4 | (11) | 0.4 | 0.1 | (0) |
| Net income | (80) | (578) | (75) | (47) | (107) |
| Diluted EPS | – | −$203.08 | −$21.01 | −$7.97 | −$8.87 |
| Diluted shares (millions) | – | 2.8 | 3.6 | 5.9 | 12 |
Not computed: the model does not apply to banks and insurers.
3/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 10, 2026