FY2025 · ended Dec 31, 2025 · Revenue $2.34B, -32.1% YoY · Filed Mar 19, 2026
Bakkt, Inc. (BKKT) files with the SEC under industry code 6199, Finance Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $2.3 billion and a net loss of $107.2 million. As of Jun 30, 2026 it held $50.0 million in cash and investments and $63,000 in total debt.
Revenue
$2.34B
-32.1% vs prior year
Net income
$-107.21M
-129.8% vs prior year
Operating cash flow (TTM)
$-84.38M
+5.8% vs year-ago TTM
Free cash flow
$-24.29M
+65.4% vs prior year
EPS
$-8.87
-11.3% vs prior year
Dividend per share
None
Shares outstanding
30.56M
-46.5% vs prior year
Net cash
$49.92M
as of Jun 30, 2026
Operating margin
-6.3%
FY 2025
Company profile
- Industry
- Finance Services (SIC 6199)
- Listed as
- BKKT (NYSE)
- Fiscal year ends
- December 31
- Headquarters
- Atlanta, GA
- SEC filer status
- Accelerated filer, Smaller reporting company
- SEC CIK
- 1820302
- Former names
- Bakkt Holdings, Inc. (until Jan 20, 2026); VPC Impact Acquisition Holdings (until Oct 15, 2021)
Other Finance Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $2.3B | $3.4B | $727.0M | $56.2M | $28.5M |
| Operating income | -$147.8M | -$82.6M | -$156.2M | -$2.0B | -$79.1M |
| Net income | -$107.2M | -$46.7M | -$74.9M | -$578.1M | -$79.6M |
| Diluted EPS | -$8.87 | -$7.97 | -$21.01 | -$203.08 | — |
| Operating cash flow | -$153.4M | -$21.2M | -$60.7M | -$117.6M | -$30.9M |
| Free cash flow | — | -$24.3M | -$70.1M | -$148.1M | -$51.5M |
| Total assets | $162.8M | $269.4M | $265.3M | $455.5M | $468.4M |
| Total liabilities | $50.0M | $206.5M | $129.6M | $119.4M | $58.6M |
| Stockholders' equity | $112.8M | $33.9M | $48.3M | $96.3M | -$29.2M |
| Cash and investments | $27.2M | $39.0M | $52.9M | $98.3M | $1.2M |
| Total debt | $549,000 | $23.5M | $27.2M | $26.4M | $0 |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Officer or director change, Regulation FD disclosure
|
Aug 17, 2026 | Aug 11, 2026 |
| 10-Q | Quarterly report | Aug 10, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 10, 2026 | Aug 10, 2026 |
| 8-K/A | Amended current report | Aug 7, 2026 | Aug 7, 2026 |
| 8-K/A | Amended current report | Jul 16, 2026 | Jul 16, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Jun 26, 2026 | Jun 25, 2026 |
All 770 Bakkt, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.