# Bakkt, Inc.: overview BKKT · NYSE · CIK 1820302 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31 Pages: [Overview](/companies/bkkt.md) · [Financials](/companies/bkkt/financials.md) · [Filings](/companies/bkkt/filings.md) · [Insiders](/companies/bkkt/insiders.md) Latest reported revenue: [$577.9m](/filings/0001628280-25-039625.md) for Q2 FY2025, three months to 2025-06-30, from the 10-Q filed Aug 11, 2025 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001628280-25-039625). ## Last eight quarters | Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | | --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [328](/filings/0001628280-24-047906.md) | [1,748 d](/filings/0001628280-26-019870.md) | [1,075](/filings/0001628280-25-024743.md) | [578](/filings/0001628280-25-039625.md) | not reported | not reported | not reported | not reported | | Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | | Operating margin | % | [(7.7%)](/filings/0001628280-25-051180.md) | [(0.6%) d](/filings/0001628280-26-019870.md) | [(1.4%)](/filings/0001628280-26-033576.md) | [(2.8%)](/filings/0001628280-26-055275.md) | not reported | not reported | not reported | not reported | | Net margin | % | [(0.9%)](/filings/0001628280-25-051180.md) | [(1.1%) d](/filings/0001628280-26-019870.md) | [0.7%](/filings/0001628280-26-033576.md) | [(2.5%)](/filings/0001628280-26-055275.md) | not reported | not reported | not reported | not reported | | Diluted EPS | $ per share | [(0.45)](/filings/0001628280-25-051180.md) | not reported | [1.13](/filings/0001628280-26-033576.md) | [(2.16)](/filings/0001628280-26-055275.md) | [(1.15)](/filings/0001628280-25-051180.md) | not reported | [(0.41)](/filings/0001628280-26-033576.md) | [1.94](/filings/0001628280-26-055275.md) | | Free cash flow | $m | [(25.6) d](/filings/0001628280-25-051180.md) | [31.1 d](/filings/0001628280-26-019870.md) | [(101)](/filings/0001628280-26-033576.md) | [5.3 d](/filings/0001628280-26-055275.md) | not reported | not reported | not reported | not reported | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure. ## Last five fiscal years | Line item | Unit | FY2020 (2020-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) | | --- | --- | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [28.5](/filings/0001820302-22-000005.md) | [56.2](/filings/0001628280-25-013959.md) | [727](/filings/0001628280-26-019870.md) | [3,441](/filings/0001628280-26-019870.md) | [2,335](/filings/0001628280-26-019870.md) | | Gross margin | % | not reported | not reported | not reported | not reported | not reported | | Operating margin | % | [(277.7%)](/filings/0001820302-22-000005.md) | [(3590.8%)](/filings/0001628280-25-013959.md) | [(21.5%)](/filings/0001628280-26-019870.md) | [(2.4%)](/filings/0001628280-26-019870.md) | [(6.3%)](/filings/0001628280-26-019870.md) | | Net margin | % | [(279.4%)](/filings/0001820302-22-000005.md) | [(1028.2%)](/filings/0001628280-25-013959.md) | [(10.3%)](/filings/0001628280-26-019870.md) | [(1.4%)](/filings/0001628280-26-019870.md) | [(4.6%)](/filings/0001628280-26-019870.md) | | Diluted EPS | $ per share | not reported | [(203.08)](/filings/0001628280-25-013959.md) | [(21.01)](/filings/0001628280-26-019870.md) | [(7.97)](/filings/0001628280-26-019870.md) | [(8.87)](/filings/0001628280-26-019870.md) | | Free cash flow | $m | [(51.5)](/filings/0001820302-22-000005.md) | [(148)](/filings/0001628280-25-013959.md) | [(70.1)](/filings/0001628280-26-019870.md) | [(24.3)](/filings/0001628280-26-019870.md) | not reported | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing. ## Insider purchases and sales The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/bkkt/insiders.md) None in coverage. ## Funds that report holding it From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md) | Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before | | --- | --- | ---: | ---: | --- | --- | | [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $24.1m | 3,086,320 | | Added +1,932,455 | | [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $15.8m | 1,023,204 | | Added +453,363 | | [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $9.7m | 1,239,071 | | Added +615,736 | | [Tidal Investments LLC](/funds/1600064.md) | 2026-06-30 | $7.4m | 945,000 | | Reduced −2,547 | | [Alpine Fox Capital LLC](/funds/2096493.md) | 2026-06-30 | $7.1m | 905,000 | | Added +865,000 | | [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $5.7m | 732,000 | | Added +448,228 | | [Weiss Asset Management LP](/funds/1357550.md) | 2026-06-30 | $5.3m | 678,530 | | Unchanged | | [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $2.4m | 309,285 | | Reduced −131,815 | | [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $2.3m | 292,200 | Call | Reduced −35,700 | | [HORIZON KINETICS ASSET MANAGEMENT LLC](/funds/1056823.md) | 2026-06-30 | $2.2m | 279,964 | | Reduced −36,574 | ## Recent filings [All 742 filings](/companies/bkkt/filings.md) | Filed | Accepted | Form | What it is | Accession | | --- | --- | --- | --- | --- | | 2026-08-17 | 12:00 ET | [8-K](/filings/0001193125-26-353239.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-353239 | | 2026-08-10 | 20:31 ET | [10-Q](/filings/0001628280-26-055275.md) | Quarterly report, period 2026-06-30 | 0001628280-26-055275 | | 2026-08-10 | 20:31 ET | [8-K](/filings/0001628280-26-055276.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-055276 | | 2026-08-07 | 20:43 ET | [8-K/A](/filings/0001628280-26-054892.md) | 9.01 Financial statements and exhibits | 0001628280-26-054892 | | 2026-07-16 | 21:26 ET | [8-K/A](/filings/0001628280-26-048523.md) | 9.01 Financial statements and exhibits | 0001628280-26-048523 | | 2026-06-26 | 22:19 ET | [8-K](/filings/0001628280-26-045627.md) | 5.07 Shareholder vote results | 0001628280-26-045627 | | 2026-06-04 | 12:34 ET | [8-K](/filings/0001628280-26-040634.md) | 8.01 Other events | 0001628280-26-040634 | | 2026-05-11 | 20:36 ET | [8-K](/filings/0001628280-26-033588.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-033588 | | 2026-05-11 | 20:33 ET | [10-Q](/filings/0001628280-26-033576.md) | Quarterly report, period 2026-03-31 | 0001628280-26-033576 | | 2026-05-04 | 23:55 ET | [SCHEDULE 13D/A](/filings/0001193125-26-204650.md) | Ownership report, active investor, amended | 0001193125-26-204650 | ## Latest annual report [Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-019870.md), filed Mar 19, 2026. ## Forecast league Not in this season’s league. [This season’s league](/leagues.md) ## About the filer - CIK: 1820302 - Tickers: BKKT - Exchange: NYSE - SIC code: 6199 Finance Services - State of incorporation: not reported - Filer category: Accelerated filer
Smaller reporting company Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:48 ET. No prices; not investment advice.