Bakkt Holdings, Inc. Class A (BKKT)
NYSE:BKKT
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Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.03Last Year’s EPS
-2.16Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of material strategic progress and clear execution work remaining. Positives include a debt-free balance sheet with $82.6M liquidity, in-house DTR stablecoin rails, favorable regulatory developments, disciplined cost structure post-loyalty divestiture, and marked-up strategic assets. Negatives and risks center on current revenue scale versus ambitious year-end targets (Q1 TTV of ~$241M vs. $2.5B year-end estimate), remaining integration work from the DTR acquisition, incremental near-term acquisition costs (~$2.5M), dependence on partner activations and long institutional sales cycles, and pending regulatory approval in India. Overall, the company shows solid foundational and structural progress but requires execution (sales conversion, integrations, partner activations) to translate those strengths into the forecasted volume and revenue.Company Guidance
Clean, Debt-Free Balance Sheet and Liquidity
Cash, cash equivalents and restricted cash totaled $82.6 million at quarter end; company has no long-term debt and received $66.8 million of net cash provided by financing activities, providing capital to execute the 3-engine strategy.
Significant Regulatory Footprint and Favorable Legislative Tailwinds
Pan-U.S. money transmitter licenses, New York BitLicense, FinCEN registration and EU VASP presence; recent U.S. legislation (federal framework for payment stablecoins and CLARITY Act progress) creates a regulatory environment that favors regulated settlement infrastructure.
DTR Acquisition Completed — Stablecoin Rails Now In-House
DTR payment rails and settlement engine are now wholly in-house, unifying Markets and Agent infrastructure and enabling same-day settlement and fiat-to-stablecoin conversions at scale; planned product upgrade in H2 2026 to expand market surface (>200 assets, social/copy trading, advanced trading engine).
Cost Restructuring Delivered Lower Run-Rate OpEx
Continuing-operations controllable operating expense was $18.6 million in Q1 2026 versus $18.9 million in the comparable continuing-operations period (Q1 2025) — essentially flat despite $2.5 million of incremental professional services tied to DTR; reported Q1 2025 controllable OpEx was $31.1 million prior to loyalty divestiture (loyalty removal reduced quarterly controllable OpEx by ~$12.2M).
Strategic Asset Value Marked Up
Strategic asset value at quarter end was approximately $76 million against ~$21 million of capital commitments across Japanese and Indian investments, reflecting realized/unrealized mark-to-market gains; Bitcoin Japan carrying value moved from ~$11.5 million to ~$31.7 million (~+175% from cost basis).
Progress on Commercial Partnerships and Pipeline
Signed strategic MOU with Zoth (privacy-first stablecoin provider): Zoth currently processes ~$300 million annualized TPV with a partnership target of ~$1 billion annualized TPV by year-end 2026; Bakkt operates in 60+ jurisdictions today with a target to expand to 90+ by year-end.
Clear KPIs and Roadmap — TTV and Agent Launch Timeline
Three KPIs defined: Markets TTV (Q1 2026 TTV ~ $241 million; year-end estimate of ~$2.5 billion as partner integrations scale), Agent MAU (reporting to begin after product launch, Agent on track for a Q3 launch), and Strategic Asset Value (reported).
Leadership and Commercial Team Additions
Hired Daniel Ishag as Chief Commercial Officer to rebuild sales and convert pipeline into revenue; DTR team integrated and product/engineering bench strengthened.
Large and Rapidly Growing Market Opportunity
Stablecoin settlement volume reached approximately $33 trillion in 2025, up 72% year-over-year from $19 trillion in 2024; cross-border payments addressable market projected to grow from $44 trillion today to ~$67 trillion by 2030.
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 |
|---|---|---|---|
May 11, 2026 | $9.92 | $8.87 | -10.58% |
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% |
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 Aug 06, 2026, Before Open (Confirmed).
What is Bakkt Holdings, Inc. Class A (BKKT) earnings time?
Bakkt Holdings, Inc. Class A (BKKT) earnings time is at Aug 06, 2026, Before Open (Confirmed).
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What is BKKT EPS forecast?
BKKT EPS forecast for the fiscal quarter 2026 (Q2) is 0.03.