Bakkt Holdings, Inc. Class A (BKKT)
NYSE:BKKT
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.1Last Year’s EPS
1.13Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
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).Company Guidance
Strategic Rebuild and Governance Reset
Rebuilt governance, capital structure, and technology; simplified capital structure (Up-C collapsed), eliminated long-term debt, zeroed noncontrolling interest, and added independent board members—management states ~90% of structural work is behind the company.
Strong Returns from Bakkt Global Investments (Japan & India)
Japan investment: $11.5M deployed in August generated almost $37M of returns by mid-March (≈3.2x); India commitment: $10M with >5x return on deployed and yet-to-be-deployed capital (pending regulatory approval).
Improved Adjusted EBITDA and Underlying Operating Trend
Adjusted EBITDA improved from a loss of $57M to a loss of $33M, a $24M year-over-year improvement driven by ~ $18M increase in other income (derivative asset/equity method gains from Japan) and a $12M reduction in SG&A.
DTR Transaction Expands Product Scope and Regulatory Footprint
DTR brings composable API platform, stablecoin on-/off-ramp capabilities, OTC infrastructure, and a European VASP license to complement Bakkt's pan-U.S. MTL coverage and New York BitLicense—unlocking cross-border stablecoin settlement and payments revenue hooks.
Partnership Momentum Across Markets and Distribution
Announced or advanced commercial partnerships including telco partnerships in U.S./Europe, Better, Zoth, Nexo, Ascendex, and Ubit—expected to drive immediate volume, expanded liquidity and distribution reach with category-defining integrations.
Product Capabilities and Reach: Stablecoin, APIs, and Platforms
Stablecoin API supports payouts to 57+ countries, 15 currencies, 10 public blockchains with same-day 24/7 settlement; three composable APIs (Zyra, Accounts, Stablecoin) designed for programmability and global money movement; target to expand to ~90 countries by year-end.
AI and Engineering Productivity Gains
Operational AI agents deployed: Clara (time-to-answer improvement 98%), Lucy (detection time reduced 83%), 74% of merged code contributed by AI; delivery speed improved >50% while maintaining 99.9% platform availability.
Liquidity and Capital Raising to Support Execution
Company reports sufficient liquidity to execute growth engines: ~$88M cash & restricted cash (Feb 2025 snapshot), ended 2025 with ~$27M cash and subsequently raised $48.1M in a February registered direct offering.
BKKT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BKKT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 16, 2026 | $9.64 | $9.63 | -0.10% |
Nov 10, 2025 | $23.66 | $20.96 | -11.41% |
Aug 11, 2025 | $9.92 | $9.38 | -5.44% |
May 12, 2025 | $10.01 | $14.75 | +47.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Bakkt Holdings, Inc. Class A (BKKT) report earnings?
Bakkt Holdings, Inc. Class A (BKKT) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
What is Bakkt Holdings, Inc. Class A (BKKT) earnings time?
Bakkt Holdings, Inc. Class A (BKKT) earnings time is at May 07, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is BKKT EPS forecast?
BKKT EPS forecast for the fiscal quarter 2026 (Q1) is -0.1.