Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|
Income Statement | |||||
Total Revenue | 3.49B | 780.14M | 54.57M | 37.27M | 28.50M |
Gross Profit | 87.01M | 61.63M | -113.04M | -137.83M | -30.14M |
EBITDA | -83.36M | -116.09M | -153.67M | -134.75M | -42.30M |
Net Income | -46.66M | -74.85M | -578.11M | -242.66M | -79.61M |
Balance Sheet | |||||
Total Assets | 269.38M | 966.87M | 455.50M | 2.41B | 468.38M |
Cash, Cash Equivalents and Short-Term Investments | 39.05M | 70.28M | 239.39M | 391.40M | 77.18M |
Total Debt | 23.54M | 27.16M | 26.42M | 11.26M | 2.30M |
Total Liabilities | 206.52M | 831.15M | 119.43M | 108.40M | 58.59M |
Stockholders Equity | 33.89M | 48.28M | 96.26M | 479.80M | 409.78M |
Cash Flow | |||||
Free Cash Flow | -24.29M | -70.13M | -148.14M | -149.99M | -51.51M |
Operating Cash Flow | -21.20M | -60.70M | -117.60M | -134.30M | -30.94M |
Investing Cash Flow | 14.13M | 65.97M | -171.96M | 16.92M | -7.93M |
Financing Cash Flow | 43.82M | -2.63M | -2.58M | 256.83M | 37.49M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
77 Outperform | $2.35B | 21.74 | 13.86% | ― | 13.02% | -2.57% | |
63 Neutral | $3.72B | ― | -8.39% | ― | 21.70% | -67.95% | |
60 Neutral | €6.80B | 14.15 | 3.81% | 2.08% | 2.45% | -32.67% | |
60 Neutral | $404.79M | ― | -2.90% | ― | 14.51% | 58.41% | |
56 Neutral | $59.74M | ― | -10.44% | ― | 16.93% | 85.85% | |
55 Neutral | $3.49B | 8.73 | -8.85% | ― | -14.03% | -167.03% | |
43 Neutral | $205.38M | ― | -60.94% | ― | 128.83% | 73.67% |
On July 31, 2025, Bakkt Crypto Solutions, a subsidiary of Bakkt Holdings, Inc., entered into a Commercial Agreement with Distributed Technologies Research Global Ltd. (DTR) to integrate Bakkt’s financial transaction processing and cryptocurrency trading solutions with DTR’s stablecoin-powered global payment technology. This agreement includes a non-exclusive license for both parties to use each other’s technologies and sets a three-year initial term. On August 6, 2025, Bakkt announced a share purchase agreement with RIZAP Group, Inc. to acquire approximately 30% of MarushoHotta Co., Ltd., a Tokyo-listed company. This acquisition is part of Bakkt’s multinational bitcoin treasury strategy and will make Bakkt the largest shareholder of MarushoHotta, which will be renamed bitcoin.jp, subject to shareholder approval.
On July 28, 2025, Bakkt Holdings, Inc. announced an underwriting agreement to sell 6,753,627 shares of Class A common stock and pre-funded warrants, raising approximately $75 million. The offering, which closed on July 30, 2025, is intended to fund Bitcoin and digital asset purchases, working capital, and general corporate purposes. Concurrently, Bakkt terminated a $40 million credit facility with Intercontinental Exchange Holdings, Inc., and approved a $74.5 million stock option award for employees, subject to stockholder approval.
On July 23, 2025, Bakkt Holdings, Inc. announced a definitive agreement to sell its Loyalty business to Project Labrador Holdco, LLC, a subsidiary of Roman DBDR Technology Advisors, Inc., as part of its strategic realignment to focus solely on its core crypto offerings and stablecoin payments infrastructure. The transaction, expected to close in the third quarter of 2025, will allow Bakkt to streamline operations and dedicate resources to enhancing its crypto services, aiming for long-term value creation for customers and shareholders.
On June 10, 2025, Bakkt Holdings, Inc. adjourned its 2025 Annual Meeting of Stockholders to allow more time for shareholders to review updates to the company’s investment policy, which includes allocating capital into Bitcoin and other digital assets. The meeting is rescheduled for June 17, 2025, and will remain a virtual event, with no changes to the proposals to be voted on. Stockholders who have already voted do not need to take any further action unless they wish to change their vote.
Bakkt Holdings, Inc. has updated its investment policy to allow capital allocation into Bitcoin and other digital assets, although no purchases have been made yet. The company is also considering increasing its authorized shares of Class A Common Stock to enhance flexibility for future transactions, which could potentially dilute current stockholders’ interests.