BKKT

Bakkt Inc

3.96

Nov 11 • 3:59 PM ET -0.21 (-5.04%)

4.09

Aftermarket • 4:35 PM ET +0.13 (3.28%)

Technology Software - Infrastructure USA Micro NYSE

Nov 10, 2:42 AMBakkt Q3 2026 revenue drops 63% to $149.2M, misses estimates as TTV declines but firm reiterates $3B 2026 target

Peers: EXOD BLSH IMXI BTGO COIN CRCL GEMI GLXY HOOD FIGR

| Held by: VTI BLOK IWM VXF STCE VTWO FDIG IWN KOMP BKCH

Scroll to Statements

Index	RUT
Market Cap	178.70M
Enterprise Value	141.06M
Income	-1.83M
Sales	862.12M
Book/sh	8.20
Cash/sh	0.84
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	-
Dividend Gr. 3/5Y	- -
Payout	-
Employees	48
IPO	Nov 19, 2020

P/E	-
Forward P/E	-
PEG	-
P/S	0.21
P/B	0.48
P/C	4.74
P/FCF	-
EV/EBITDA	-
EV/Sales	0.16
Quick Ratio	3.09
Current Ratio	3.09
Debt/Eq	0.00
LT Debt/Eq	0.00
Option/Short	Yes / Yes

EPS (ttm)	-1.50
EPS next Y	-0.02
EPS next Q	0.22
EPS this Y	130.08%
EPS next Y	-101.02%
EPS next 5Y	-
EPS past 3/5Y	64.79% -13.59%
Sales past 3/5Y	246.31% -
EPS Y/Y TTM	70.99%
Sales Y/Y TTM	-77.62%
EPS Q/Q	127.05%
Sales Q/Q	-62.90%
Earnings	Nov 09 AMC
EPS/Sales Surpr.	47.62% -65.66%

Insider Own	41.13%
Insider Trans	6.66%
Inst Own	28.98%
Inst Trans	9.18%
ROA	6.42%
ROE	8.87%
ROIC	-0.49%
Gross Margin	-7.18%
Oper. Margin	-13.17%
Profit Margin	-0.21%
SMA20	-19.45%
SMA50	-40.77%
SMA200	-52.68%
Trades

Shs Outstand	45.11M
Shs Float	26.53M
Short Float	31.12%
Short Ratio	6.03
Short Interest	8.26M
52W High	22.80 -82.63%
52W Low	3.86 2.59%
Volatility	13.02% 8.75%
ATR (14)	0.48
RSI (14)	30.64
Beta	4.62
Rel Volume	0.89
Avg Volume	1.37M
Volume	1,213,842

Perf Week	-16.98%
Perf Month	-38.70%
Perf Quarter	-46.49%
Perf Half Y	-50.62%
Perf YTD	-60.56%
Perf Year	-81.56%
Perf 3Y	-80.10%
Perf 5Y	-99.39%
Perf 10Y	-
Recom	1.00
Target Price	12.50
Prev Close	4.17
Price	3.96
Change %	-5.04%

Consensus

Strong Buy

Avg. Price Target

$12.50

Implied Upside

+215.7%

Analysts4incl. previous ratings

Rating Distribution1 Buy · 3 Hold · 0 Sell

Date	Action	Analyst	Rating Change	Price Target Change	Implied Upside
Sep 08, 2025	Initiated	TThe Benchmark Company	Buy	$13	+228.3%
Sep 29, 2022	Initiated	WWells Fargo	Equal Weight	$2.50	-36.9%
Jul 19, 2022	Initiated	CCitigroup	Neutral	$3	-24.2%
Nov 11, 2021	Initiated	JJefferies	Hold	$28	+607.1%

Nov-09-26 06:57PM	Bakkt Bets Everything On A Fourth-Quarter Volume Ramp As Q3 Volume Slips, Cash Shrinks And Warrant Gains Carry Profits (Earnings Whispers) +8.14% -10.32%
04:30PM	Bakkt Reports Third Quarter 2026 Results and Sets First-Half 2027 Total Transacting Volume Target of $6 Billion (GlobeNewswire)
Oct-26-26 04:30PM	Bakkt Schedules Conference Call to Discuss Third Quarter 2026 Results (GlobeNewswire) -5.34% +6.26%
Oct-13-26 01:00PM	Is Coinbase Stock Ready For A Longer Revenue Slide? (Trefis) -5.00%
08:00AM	Bakkt Selects Thredd to Power Credit Card-as-a-Service Program Settling in Stablecoins (Business Wire)
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Sep-29-26 11:50AM	What Has The Market Missed In Coinbase Stock's Drop? (Trefis)
Sep-25-26 10:11AM	What Would You Have Needed To Notice In Coinbase Stock? (Trefis) -6.39%
Sep-21-26 11:48AM	Is Coinbase's Steadier Side Really A Cushion? (Trefis) +6.16%
Sep-17-26 05:18PM	Rithm Capital Appoints Ann DeVries as Head of Investor Relations (Business Wire) +15.42%
Sep-14-26 01:11PM	Should You Buy Coinbase Stock While Its Revenue Is Shrinking? (Trefis)
Sep-09-26 08:00AM	Bakkt Expands Global Commercial Team as Growth Accelerates; Raises 2026 Total Transacting Volume Target to $3 Billion (GlobeNewswire)
Aug-28-26 10:14AM	Coinbase Global Stock: Paid Membership Set A Record While Trading Volumes Fell (Trefis) -8.67%
Aug-21-26 01:41PM	Coinbase Stock Surged On A Bill Its Own CEO Says It Can Live Without (Trefis) +14.53%
Aug-20-26 11:30AM	Coinbase Global Stock Carries A Premium Multiple And A Shrinking Top Line (Trefis)
Aug-17-26 10:57AM	Bakkt names new CFO in stablecoin growth push (CFO Dive) -6.93%
08:00AM	Loading…
08:00AM	Bakkt Appoints Matt White as Chief Financial Officer for Next Phase of Global Growth (GlobeNewswire)
Aug-11-26 01:04AM	Bakkt Inc (BKKT) (Q2 2026) Earnings Call Highlights: Strong GAAP Net Income and Strategic ... (GuruFocus.com)
Aug-10-26 04:30PM	Bakkt Reports Second Quarter 2026 Results (GlobeNewswire)
Aug-07-26 09:21AM	Earnings To Watch: Bakkt Inc (BKKT) Q2 2026 -- GF Value Sees 17% Upside (GuruFocus.com) +5.76%
Jul-31-26 11:03AM	Trillion Dollar Tokenization Opportunity: Equiniti CEO Dan Kramer, Live at Nasdaq (Exec Edge)
Jul-27-26 04:30PM	Bakkt Schedules Conference Call to Discuss Second Quarter 2026 Results (GlobeNewswire)
Jun-04-26 08:30AM	Bakkt Advances Indian Investment Following Regulatory Approval (GlobeNewswire)
May-22-26 01:40PM	The SECs Make IPOs Great Again Agenda: ICR Capital Note (IPO-Edge.com)
May-12-26 06:47PM	Bakkt Leans Into Stablecoin Payments After Sharp Q1 Revenue Drop (CryptoProwl) -10.58% -9.58%
May-11-26 04:30PM	Bakkt Reports First Quarter 2026 Results (GlobeNewswire)
May-04-26 04:30PM	Bakkt Schedules Conference Call to Discuss First Quarter 2026 Results (GlobeNewswire)
Apr-30-26 04:44PM	Bakkt Completes Acquisition of Distributed Technologies Research (GlobeNewswire) +9.67%
Mar-16-26 06:49PM	UPDATE - Bakkt Releases Shareholder Letter and Reports Full Year 2025 Financial Results (GlobeNewswire)
06:09PM	Bakkt Releases Shareholder Letter and Reports Full Year 2025 Financial Results (GlobeNewswire)
09:19AM	Bakkt Inc (BKKT) Q4 2025: Everything You Need To Know Ahead Of Earnings (GuruFocus.com)
08:00AM	Loading…
Mar-12-26 08:00AM	Bakkt Announces Timing of Fourth Quarter 2025 Earnings Results and Investor Day Presentation (GlobeNewswire)
Mar-05-26 12:43PM	NYSE Owner Moves Deeper Into Crypto. This Top Fund Manager Is Bullish on Its Stock (Barrons.com)
Feb-27-26 09:14AM	Why Is Bakkt Stock Falling Friday? (Benzinga) -8.08%
07:32AM	Bakkt Announces Pricing of $48.125 Million Registered Direct Offering (GlobeNewswire)
Feb-26-26 11:31AM	Halper Sadeh LLC is Investigating Whether EWCZ, CWAN, BKKT are Obtaining Fair Deals for their Shareholders (PR Newswire)
Feb-17-26 05:57PM	Are MASI, KW, VRME, BKKT Obtaining Fair Deals for their Shareholders? (PR Newswire)
04:30PM	Bakkt Announces Partnership with Nexo (GlobeNewswire)
04:19AM	Nexo Makes A Comeback In US With A Comprehensive Suite Of Digital Asset Services (Benzinga)
Jan-29-26 02:45PM	Halper Sadeh LLC Encourages STEL, BKKT, FONR, CWAN Shareholders to Contact the Firm to Discuss Their Rights (PR Newswire) -6.00%
Jan-24-26 10:01AM	Crypto Currents: BitGo raises $212.8M in U.S. IPO (TipRanks)
Jan-20-26 10:52AM	Bakkt (BKKT) Stock Tumbles After Announcing $300M ATM Equity Program (Benzinga) -24.52%
09:31AM	Bakkt Provides Update on Existing Shelf Registration Statement (GlobeNewswire)
Jan-15-26 04:12PM	David Vs. Goliath: Why Small Caps Are Crushing The Magnificent 7 (Benzinga) -7.71% +10.42%
Jan-13-26 09:31AM	Bakkt to acquire stablecoin payments firm DTR (Electronic Payments)
Jan-12-26 04:54PM	Bakkt Stock Jumps 18% Following Stablecoin Firm Acquisition (decrypt) +18.00%
12:19PM	Bakkt to Acquire Distributed Technologies Research in Stablecoin Payments Push (Cryptonews)
08:00AM	Bakkt Agrees to Acquire Distributed Technologies Research Ltd. (GlobeNewswire)
Dec-10-25 04:40PM	Bakkt Files Post-Effective Amendments to Form S-3 Registration Statements Following Corporate Reorganization (GlobeNewswire)
Nov-10-25 04:01PM	Bakkt Holdings Inc (BKKT) Q3 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic ... (GuruFocus.com) -11.41%
07:30AM	Bakkt Reports Third Quarter 2025 Results (GlobeNewswire)
Nov-04-25 04:15PM	Bakkt Completes Capital Structure Simplification and Single-Class Stock Transition (GlobeNewswire) -19.72% +10.57%
Oct-31-25 04:30PM	Bakkt and ICE Strengthen Long-Term Alignment Through Board Transition (GlobeNewswire) +20.46%
Oct-27-25 08:30AM	Bakkt Schedules Conference Call to Discuss Third Quarter 2025 Results (GlobeNewswire)
Oct-22-25 11:28AM	Crypto Stocks Plunge Wednesday, With Galaxy, Bitcoin Miners Leading Decline (CoinDesk) -12.57%
Oct-20-25 08:00AM	Bakkt Strengthens Board with Appointment of Renowned Macro Strategist Lyn Alden (GlobeNewswire)
Oct-16-25 07:00AM	Bakkt Announces Plan to Simplify Capital Structure and Transition to a Single-Class Common Stock (Business Wire) -8.51%
Oct-03-25 07:54AM	Bitcoin Holds 2-Month High Above $120k, This Crypto Stock Soars 150% (Investor's Business Daily) -8.06%
Oct-02-25 04:23PM	Bitcoin Hits 2-Month High Above $120k, This Crypto Stock Soars 150% (Investor's Business Daily) +28.61%
11:39AM	Bitcoin Hits 2-Month High Near $120k, This Crypto Stock Soars 150% (Investor's Business Daily)
Oct-01-25 09:53AM	Bakkt Completes the Sale of Loyalty Business, Accelerating Transformation into a Pure-Play Digital Asset Infrastructure Platform (Business Wire)
01:27AM	Bakkt Jumps 17% as Benchmark Lifts Target, Extending 170% Two-Week Rally (BeInCrypto)
Sep-30-25 12:28PM	Bakkt Share Price Spikes 17% After Analyst Triples Price Target to $40 (decrypt) +31.70%
Sep-28-25 07:30PM	Shareholders Approve Kimono-Maker Marusho Hottas Bitcoin Japan Rebrand (Cryptonews)
Sep-24-25 01:17AM	Clear Street Initiates Buy Rating on Bakkt (BKKT) as Blockchain Pivot Gains Traction (Insider Monkey) +16.35%
Sep-22-25 08:23PM	Crypto stock jumps over 50% on thrilling announcement (TheStreet) +40.80% +16.94%
03:34PM	Bakkt Stock Is Surging on a New Board Appointment. Does That Make BKKT a Buy Here? (Barchart)
10:21AM	Bakkt Adds Fintech Veteran Mike Alfred To Board, Stock Jumps (Benzinga)
08:37AM	Bakkt shares surge in pre-market after appointing IRENs Mike Alfred to Board (Blockspace)
08:00AM	Bakkt Appoints Mike Alfred to Board to Accelerate Growth Strategy (Business Wire)
Sep-17-25 07:28PM	Bakkt Holdings Acquires bitcoin.co.jp Domain (Business Wire)
Sep-15-25 11:58AM	Bakkt Eliminates All Remaining Long-term Debt (Business Wire)
Sep-08-25 10:18AM	Bakkt Reboots With Fresh Strategy; Initiate at Buy with $13 Price Target: Benchmark (CoinDesk) +5.16%
09:49AM	Alphabet downgraded, Boeing upgraded: Wall Street's top analyst calls (The Fly)
Sep-02-25 08:30AM	Hong Kong Reinforces Regulated Crypto Bridge as Asian Institutional Demand Surges (PR Newswire)
Aug-26-25 01:21PM	Stablecoins Set to Reshape $4 Trillion Treasury Market as Corporate Crypto Treasuries Surge (PR Newswire) +6.09%
Aug-12-25 03:08AM	Bakkt Holdings Inc (BKKT) Q2 2025 Earnings Call Highlights: Strategic Realignment and Growth ... (GuruFocus.com) -5.44%
Aug-11-25 04:30PM	Bakkt Reports Second Quarter 2025 Results (Business Wire) -8.23%
Aug-09-25 10:16AM	Crypto Currents: Trump signs executive order to allow crypto in 401(k) plans (TipRanks)
Aug-06-25 08:00AM	Bakkt Holdings to Acquire Shares of Japanese Company Marusho Hotta; Company to be Renamed bitcoin.jp; Transaction Expected to Kick Off Bakkt's Multinational Bitcoin Treasury Strategy (Business Wire)
Aug-04-25 04:30PM	Bakkt Schedules Conference Call to Discuss Second Quarter 2025 Results (Business Wire)
Jul-30-25 04:49PM	Bakkt Announces Closing of $75 Million Public Offering (Business Wire)
Jul-28-25 09:35PM	Bakkt Announces Pricing of $75 Million Public Offering (Business Wire) -41.76%
04:10PM	Bakkt Announces Proposed Public Offering (Business Wire)
04:05PM	Bakkt Announces Preliminary Second Quarter 2025 Financial Results and Definitive Agreement to Sell Loyalty Business (Business Wire)
Jun-10-25 08:00AM	Bakkt Announces Updated Investment Policy to Include Bitcoin and Other Digital Assets (Business Wire) -11.29%
Jun-02-25 04:11AM	BKKT Shareholders Have the Right to Lead the Bakkt Holdings, Inc. Securities Lawsuit - Contact the DJS Law Group to Discuss Your Rights - BKKT (PR Newswire)
May-12-25 04:30PM	Bakkt Reports First Quarter 2025 Results (Business Wire) +47.35%
Apr-28-25 04:30PM	Bakkt Schedules Conference Call to Discuss First Quarter 2025 Results (Business Wire)
Apr-22-25 04:15PM	Bakkt Grants Akshay Naheta Inducement Grant Pursuant to New York Stock Exchange Listing Rules (Business Wire)
Apr-01-25 09:00PM	Bragar Eagel & Squire, P.C. Is Investigating BigBear, OSI Systems, and Bakkt and Encourages Investors to Contact the Firm (GlobeNewswire) +12.89%
Mar-19-25 06:36PM	Bakkt Holdings, Inc. (BKKT) Q4 2024 Earnings Call Transcript (SeekingAlpha) +13.00%
05:34PM	Bakkt posts wider GAAP loss for Q4, issues Q1 guidance, agrees to sell custody unit to ICE (SeekingAlpha)
05:19PM	Bakkt names co-CEO, announces partnership with Distributed Technologies (SeekingAlpha)
04:45PM	Bakkt Reports Fourth Quarter and Full Year 2024 Results (Business Wire)
04:45PM	Bakkt Announces Akshay Naheta as co-CEO of Bakkt and Strategic Partnership with Distributed Technologies Research (Business Wire)
Mar-18-25 08:03AM	Bakkt Reschedules Release of Fourth Quarter and Full Year 2024 Earnings Results and Conference Call (Business Wire) -27.28%
Mar-17-25 04:15PM	Bakkt Reschedules Release of Fourth Quarter and Full Year 2024 Earnings Results and Conference Call (Business Wire) +7.01%
Mar-06-25 11:35AM	Apex Fintech weighs potential acquisition of Bakkt, Axios reports (TipRanks) -7.34%
Mar-03-25 04:30PM	Bakkt Schedules Conference Call to Discuss Fourth Quarter and Full Year 2024 Results (Business Wire) +13.07%
Nov-19-24 04:18PM	Trump Expands Crypto Reach With Acquisition Talks, Coinbase Meeting (Investor's Business Daily) +7.15%

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Henderson Joseph Sean-Walsh	Chief Accounting Officer	Sep 23 '26	Sale	8.61	282	2,428	12,672	Sep 25 06:11 PM
D'Annunzio Marc	General Counsel & Secretary	Sep 23 '26	Sale	8.61	1,272	10,952	107,006	Sep 25 06:10 PM
Baes Nicholas	Chief Operating Officer	Sep 23 '26	Sale	8.61	1,272	10,952	104,103	Sep 25 06:07 PM
ALFRED MICHAEL	Director	Aug 18 '26	Buy	7.12	296,567	2,111,557	1,201,567	Aug 19 02:22 PM
D'Annunzio Marc	General Counsel & Secretary	Jul 15 '26	Sale	8.44	539	4,549	108,278	Jul 17 01:26 PM
Alexander Karen	Chief Financial Officer	Jul 15 '26	Sale	8.44	657	5,545	53,542	Jul 17 01:24 PM
Henderson Joseph Sean-Walsh	Chief Accounting Officer	Jul 15 '26	Sale	8.33	94	783	12,954	Jul 17 01:21 PM
MARC D'ANNUNZIO	Officer	Jul 16 '26	Proposed Sale	8.26	604	4,989		Jul 16 04:33 PM
MARC D'ANNUNZIO	Officer	Jun 26 '26	Proposed Sale	7.83	1,357	10,625		Jun 26 04:25 PM
ALFRED MICHAEL	Director	Jun 09 '26	Buy	7.71	180,000	1,387,800	805,000	Jun 11 04:50 PM
ALFRED MICHAEL	Director	Jun 10 '26	Buy	7.83	100,000	783,000	905,000	Jun 11 04:50 PM
Baes Nicholas	Chief Operating Officer	May 15 '26	Option Exercise	10.00	671	6,710	106,937	May 19 05:28 PM
Alexander Karen	Chief Financial Officer	May 15 '26	Option Exercise	10.00	335	3,350	56,106	May 19 05:25 PM
D'Annunzio Marc	General Counsel & Secretary	May 15 '26	Option Exercise	10.00	1,677	16,770	111,736	May 19 05:23 PM
ALFRED MICHAEL	Director	May 15 '26	Buy	8.34	365,000	3,044,100	405,000	May 18 06:37 PM
ALFRED MICHAEL	Director	May 18 '26	Buy	8.20	220,000	1,804,000	625,000	May 18 06:37 PM
Naheta Akshay Sudhir	Chief Executive Officer	May 15 '26	Option Exercise	10.00	33,557	335,570	9,093,522	May 18 04:57 PM
Alexander Karen	Chief Financial Officer	Apr 28 '26	Sale	9.13	4,684	42,765	55,771	Apr 29 07:00 PM
Baes Nicholas	Chief Operating Officer	Apr 28 '26	Sale	9.13	2,352	21,474	106,266	Apr 29 06:46 PM
D'Annunzio Marc	General Counsel & Secretary	Apr 28 '26	Sale	8.86	7,780	68,916	110,059	Apr 29 06:33 PM
MARC DANNUNZIO	Officer	Apr 28 '26	Proposed Sale	9.00	3,991	35,919		Apr 28 04:29 PM
Baes Nicholas	Chief Operating Officer	Apr 06 '26	Sale	7.56	711	5,375	101,312	Apr 08 06:31 PM
D'Annunzio Marc	General Counsel and Secretary	Mar 27 '26	Sale	8.55	6,422	54,908	111,411	Mar 31 04:45 PM
D'Annunzio Marc	General Counsel and Secretary	Mar 30 '26	Sale	7.08	5,342	37,815	106,069	Mar 31 04:45 PM
MARC DANNUNZIO	Officer	Mar 30 '26	Proposed Sale	7.32	5,342	39,103		Mar 30 05:31 PM
D'Annunzio Marc	General Counsel and Secretary	Feb 24 '26	Sale	10.09	785	7,924	117,833	Feb 27 05:49 PM
MARC DANNUNZIO	Officer	Feb 24 '26	Proposed Sale	10.15	785	7,968		Feb 24 04:30 PM
Henderson Joseph Sean-Walsh	Chief Accounting Officer	Dec 19 '25	Sale	10.01	2,461	24,635	10,936	Dec 23 05:06 PM
DEANA DOW	Director	Dec 09 '25	Proposed Sale	12.83	27,681	355,172		Dec 09 04:18 PM
Naheta Akshay Sudhir	CEO and President	Nov 14 '25	Option Exercise	0.00	803,861	0	1,098,577	Nov 18 08:15 PM
Naheta Akshay Sudhir	CEO and President	Nov 12 '25	Option Exercise	10.00	33,557	335,570	294,716	Nov 14 09:38 PM
D'Annunzio Marc	General Counsel & Secretary	Nov 12 '25	Option Exercise	10.00	1,677	16,770	119,113	Nov 14 09:21 PM
Baes Nicholas	Chief Operating Officer	Nov 12 '25	Option Exercise	10.00	671	6,710	106,143	Nov 14 09:11 PM
Alexander Karen	Chief Financial Officer	Nov 12 '25	Option Exercise	10.00	335	3,350	69,620	Nov 14 08:54 PM
Henderson Joseph Sean-Walsh	Chief Accounting Officer	Nov 12 '25	Sale	21.50	169	3,634	13,397	Nov 13 06:56 PM

Bakkt, Inc. is building the backbone of next-generation financial infrastructure. The company provides solutions that enable institutional participation in the digital asset economy, spanning Bitcoin, tokenization, stablecoin payments, and AI-driven finance. Bakkt was founded in 2018 and is headquartered in New York, NY.

CEO & DirectorMr. Akshay Naheta

General Counsel & Corporate SecretaryMr. Marc D'Annunzio J.D.

Chief Financial OfficerMr. Matthew A. White CPA

Chief Operating OfficerMr. Nicholas Baes

VPMr. Joe Henderson

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