Bakkt Holdings, Inc. Class A (BKKT)
NYSE:BKKT
BKKT Stock Chart & Stats
$13.97
-$1.14(-4.28%)
At close: 4:00 PM EST
$13.97
-$1.14(-4.28%)
Day’s Range― - ―
52-Week Range$6.81 - $49.79
Previous CloseN/A
Volume110.22K
Average Volume (3M)1.39M
Market Cap
$223.71M
Enterprise Value$89.68M
Total Cash (Recent Filing)$41.62M
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)―
Beta3.50
Next Earnings
May 07, 2026EPS Estimate
-0.1Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-6.73
Shares Outstanding30,562,096
10 Day Avg. Volume1,566,193
30 Day Avg. Volume1,386,703
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.61
Price to Sales (P/S)0.03
P/FCF Ratio-0.45
Enterprise Value/Market Cap0.40
Enterprise Value/Revenue0.04
Enterprise Value/Gross Profit0.06
Enterprise Value/Ebitda-0.68
Forecast
1Y Price Target
$21.50Price Target Upside53.90% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.55
Revenue Forecast (FY)$2.50B
Bulls Say, Bears Say
Bulls Say
Debt-free Balance SheetReporting zero total debt in 2025 materially reduces solvency and interest-service risk, giving management financial flexibility to fund integration and product development without fixed financing costs. This durable strength supports multi‑quarter execution even amid weak operating cash flow.
DTR Acquisition Expands Stablecoin/payment CapabilitiesInternalizing DTR's stablecoin rails and regulatory footprint reduces third‑party dependency, creates end‑to‑end programmable payments capabilities, and positions Bakkt to capture cross‑border settlement revenue. That structural capability can widen addressable markets and create stickier B2B integrations over many quarters.
Improving Adjusted EBITDA And Engineering ProductivityA meaningful step toward break‑even adjusted EBITDA combined with demonstrated AI-driven productivity gains implies the company is extracting operating leverage. Sustained efficiency improvements can convert top‑line growth into durable margin expansion as volumes recover, strengthening cash flow prospects over the medium term.
Bears Say
Persistent Cash Burn And Low Year-end CashConsistent negative operating and free cash flow, plus a low year‑end cash balance, create ongoing dependence on external capital. Reliance on periodic equity raises increases dilution risk and constrains the runway for multi‑quarter product-scale initiatives if operating performance does not rapidly generate positive cash.
Sharp 2025 Revenue Decline And Volume SensitivityA large revenue drop driven by amended partner agreements and low crypto volumes highlights the business's sensitivity to trading activity and counterparty deals. Persistent top‑line volatility undermines predictability of fee income and delays durable margin recovery until transaction volumes stabilize.
Execution And Approval Risk For Strategic DealsKey strategic elements—DTR integration and international investments—depend on regulatory and shareholder approvals. The adjourned vote and pending regulatory clears create timing and execution risk that could delay revenue synergies, limit roadmap rollouts, or alter deal economics, straining a company with limited cash runway.
Bakkt Holdings, Inc. Class A News
BKKT FAQ
What was Bakkt Holdings, Inc. Class A’s price range in the past 12 months?
Bakkt Holdings, Inc. Class A lowest stock price was $6.81 and its highest was $49.79 in the past 12 months.
What is Bakkt Holdings, Inc. Class A’s market cap?
Bakkt Holdings, Inc. Class A’s market cap is $223.71M.
When is Bakkt Holdings, Inc. Class A’s upcoming earnings report date?
Bakkt Holdings, Inc. Class A’s upcoming earnings report date is May 07, 2026 which is in 38 days.
How were Bakkt Holdings, Inc. Class A’s earnings last quarter?
Bakkt Holdings, Inc. Class A released its earnings results on Mar 16, 2026. The company reported -$6.73 earnings per share for the quarter, missing the consensus estimate of -$0.545 by -$6.185.
Is Bakkt Holdings, Inc. Class A overvalued?
According to Wall Street analysts Bakkt Holdings, Inc. Class A’s price is currently Undervalued.
Does Bakkt Holdings, Inc. Class A pay dividends?
Bakkt Holdings, Inc. Class A does not currently pay dividends.
What is Bakkt Holdings, Inc. Class A’s EPS estimate?
Bakkt Holdings, Inc. Class A’s EPS estimate is -0.1.
How many shares outstanding does Bakkt Holdings, Inc. Class A have?
Bakkt Holdings, Inc. Class A has 30,562,096 shares outstanding.
What happened to Bakkt Holdings, Inc. Class A’s price movement after its last earnings report?
Bakkt Holdings, Inc. Class A reported an EPS of -$6.73 in its last earnings report, missing expectations of -$0.545. Following the earnings report the stock price went down -0.104%.
Which hedge fund is a major shareholder of Bakkt Holdings, Inc. Class A?
Currently, no hedge funds are holding shares in BKKT
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Bakkt Holdings, Inc. Class A Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$21.50 (53.90% Upside)
$21.50 (53.90% Upside)
Blogger Sentiment
Bullish
BKKT Sentiment 100%
Sector Average ―
Sector Average ―
Crowd Wisdom
Neutral
Last 7 Days ▲ 0.8%
Last 30 Days ▼ 1.1%
Last 30 Days ▼ 1.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-30.61%
12-Months-Change
Fundamentals
Return on Equity
-139.50%
Trailing 12-Months
Asset Growth
-40.92%
Trailing 12-Months
Company Description
Bakkt Holdings, Inc. Class A
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. Bakkt Holdings, Inc. has a strategic alliance with the Global Payments to collaborate on use cases starting with enabling cryptocurrency redemption in customer loyalty programs offered by bankcard clients, as well as expanding its banking-as-a-service offerings to include consumer access to cryptocurrency. The company was formerly known as VPC Impact Acquisition Holdings and changed its name to Bakkt Holdings, Inc. The company was founded in 2018 and is headquartered in Alpharetta, Georgia. Bakkt Holdings, Inc. is a subsidiary of Intercontinental Exchange Holdings, Inc.
BKKT Company Deck
BKKT Earnings Call
Q3 2025
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a constructive turnaround narrative: management emphasized that extensive structural work (governance, capital structure, technology) is largely complete, highlighted strong strategic wins (DTR capabilities, regulatory licenses, partnerships), and showcased early high-return outcomes from global investments (Japan, India). At the same time, fiscal 2025 reflected significant revenue decline (down 32%), continuing net losses, one-time legacy costs, and a modest year-end cash balance. The company reported improving adjusted EBITDA, a cleaner balance sheet (debt-free), and multiple operational and product milestones that underpin a positive growth outlook contingent on successful partnership rollouts, regulatory approvals, and execution of monetization (MAUs and transacting volume).View all BKKT earnings summariesBKKT Stock 12 Month Forecast
Average Price Target
$21.50
▲(53.90% Upside)
Technical Analysis
Ownership Overview
32.98% Insiders
3.66% Mutual Funds
4.84% Other Institutional Investors
52.61% Public Companies and Individual Investors