BKKT · XBRL financial data
Bakkt financial statements, every fiscal year
The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (BKKT's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | †Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue from contracts with customers | 28 | — | 55 | 780 | 3,490 | 2,335 |
| Total operating expenses | 108 | — | 2,073 | 1,008 | 3,583 | 2,483 |
| Operating income (loss) | (79) | — | (2,019) | (228) | (93) | (148) |
| Other income (expense) | (0) | — | (1) | (0) | 3 | 19 |
| Income tax expense (benefit) | 0 | — | (11) | 0 | 0 | (0) |
| Net income (loss) | (80) | — | (578) | (75) | (47) | (107) |
| Earnings per share, basic‡ USD per share | — | — | (203.00) | (21.00) | (7.97) | (8.87) |
| Earnings per share, diluted‡ USD per share | — | — | (203.00) | (21.00) | (7.97) | (8.87) |
| Weighted average shares, basic‡ millions of shares | — | — | 3 | 4 | 6 | 12 |
| Weighted average shares, diluted‡ millions of shares | — | — | 3 | 4 | 6 | 12 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-25 stock split (April 2024); filings made before it reported them unadjusted.
- † Share count changed about 13x in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Balance sheet
CSVFiscal years (BKKT's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | †Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 75 | 391 | 98 | 53 | 39 | 27 |
| Short-term investments | — | — | — | — | 0 | 0 |
| Marketable securities | — | 0 | — | — | — | — |
| Accounts receivable | 10 | 18 | 25 | 30 | 25 | 12 |
| Total current assets | 1 | 464 | 326 | 883 | 184 | 72 |
| Property and equipment, net | 20 | 6 | 20 | 0 | 2 | 2 |
| Right-of-use asset | 2 | 11 | 20 | 11 | 10 | 0 |
| Goodwill | 233 | 1,527 | 16 | 68 | 68 | 65 |
| Total assets | 209 | 2,414 | 456 | 967 | 269 | 163 |
| Accounts payable | 7 | 11 | 26 | 15 | 6 | 4 |
| Accrued liabilities | 1 | 20 | 16 | 16 | 15 | 6 |
| Total current liabilities | 1 | 74 | 92 | 802 | 138 | 33 |
| Lease liability, non-current | 1 | 11 | 23 | 24 | 19 | 0 |
| Total liabilities | 31 | 120 | 119 | 831 | 207 | 50 |
| Accumulated deficit | (29) | (98) | (676) | (751) | (798) | (905) |
| Total stockholders' equity | (29) | 468 | 96 | 48 | 34 | 113 |
| Total liabilities and equity | 209 | 2,414 | 456 | 967 | 269 | 163 |
| Common shares outstanding (cover page)‡ millions of shares | 2 | — | — | — | — | 31 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-25 stock split (April 2024); filings made before it reported them unadjusted.
- † Share count changed about 13x in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Cash flows
CSVFiscal years (BKKT's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | †Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | (80) | — | (578) | (75) | (47) | (107) |
| Stock-based compensation | 0 | — | 32 | 15 | 16 | 72 |
| Depreciation and amortization | 8 | — | 25 | 14 | 0 | 1 |
| Net cash from operating activities | (31) | — | (118) | (61) | (21) | (153) |
| Net cash from investing activities | (8) | — | (172) | 66 | 14 | (38) |
| Proceeds from issuing common stock | — | — | 0 | 0 | 47 | 63 |
| Share repurchases | — | — | 3 | 3 | 3 | — |
| Net cash from financing activities | 37 | — | (3) | (3) | 44 | 82 |
| Net change in cash | (1) | — | (293) | 3 | 35 | (109) |
- † Share count changed about 13x in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Compare with peers
SIC 6199 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6199 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Bakkt | 50 | not reported | (15)* | 45.1M | 3.4 quarters | 10-QJun 30, 2026 |
| Digi Power X | 128 | 6.6 | (4.2)* | 101.4M | 30.4 quarters | 10-QJun 30, 2026 |
| Upexi | 5.8 | 3.1* | (3.7)* | 82.1M | 1.6 quarters | 10-KJun 30, 2026 |
| Tron | 9.5 | 1.6 | (0.4)* | 474.4M | 22.6 quarters | 10-QJun 30, 2026 |
| Security National Financial | 163 | 84 | 4* | not reported | — | 10-QJun 30, 2026 |
| loanDepot | 229 | not reported | 520* | not reported | — | 10-QJun 30, 2026 |
| Consumer Portfolio Services | 5.1 | 132 | 95* | 21.9M | — | 10-QSep 30, 2026 |
| Eco Bright Future | 0 | not reported | 0* | 101.6M | — | 10-QSep 30, 2026 |
| Fold Holdings | 28 | not reported | (9.5)* | 55.1M | 3.0 quarters | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.