BKKT

Company Overview — What Does Bakkt Holdings, Inc. Do?

Bakkt Holdings, Inc. operates a digital asset platform. The company's platform enables consumers to buy, sell, convert, and spend digital assets. Its customers include merchants, retailers, and financial institutions. The company was formerly known as VPC Impact Acquisition Holdings and changed its name to Bakkt Holdings, Inc. The company was founded in 2018 and is headquartered in Alpharetta, Georgia. Bakkt Holdings, Inc. is a subsidiary of Intercontinental Exchange Holdings, Inc. Bakkt Holdings, Inc. (BKKT) is classified as a micro-cap stock in the Financials sector, specifically within the Banking industry. The company is led by CEO Gavin Michael and employs approximately 760 people. With a market capitalization of $221M, BKKT is one of the notable companies in the Financials sector.

Bakkt Holdings, Inc. (BKKT) Stock Rating — Avoid (April 2026)

As of April 2026, Bakkt Holdings, Inc. receives a Avoid rating with a composite score of 23.1/100 and 1 out of 5 stars from the Blank Capital Research quantitative model.BKKT ranks #4,109 out of 4,446 stocks in our coverage universe. Within the Financials sector, Bakkt Holdings, Inc. ranks #865 of 891 stocks, placing it in the lower half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

BKKT Stock Price and 52-Week Range

Bakkt Holdings, Inc. (BKKT) currently trades at $8.19. The stock lost $0.20 (2.4%) in the most recent trading session. The 52-week high for BKKT is $49.79, which means the stock is currently trading -83.6% from its annual peak. The 52-week low is $6.81, putting the stock 20.3% above its annual trough. Recent trading volume was 928K shares, suggesting relatively thin trading activity.

Is BKKT Overvalued or Undervalued? — Valuation Analysis

Bakkt Holdings, Inc. (BKKT) carries a value factor score of 12/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 2.07x, versus the sector average of 1.22x. The price-to-sales ratio is 0.12x, compared to 0.90x for the average Financials stock.

At current multiples, Bakkt Holdings, Inc. trades at a premium to most Financials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Bakkt Holdings, Inc. Profitability — ROE, Margins, and Quality Score

Bakkt Holdings, Inc. (BKKT) earns a quality factor score of 29/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -38.5%, compared to the Financials sector average of 8.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -26.6% versus the sector average of 1.2%.

The operating margin is -4.4% (sector: 21.8%). Net profit margin stands at -1.9%, versus 17.7% for the average Financials stock. Revenue growth is running at -100.0% on a trailing basis, compared to 9.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

BKKT Debt, Balance Sheet, and Financial Health

Bakkt Holdings, Inc. has a debt-to-equity ratio of 44.0%, compared to the Financials sector average of 121.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 2.19x, indicating strong short-term liquidity.

BKKT has a beta of 3.02, meaning it is more volatile than the broader market — a $10,000 investment in BKKT would be expected to move 201.8% more than the S&P 500 on any given day. The stability factor score for Bakkt Holdings, Inc. is 14/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Bakkt Holdings, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Bakkt Holdings, Inc. reported revenue of $1.98B and earnings per share (EPS) of $-8.87. Net income for the quarter was $-43M. Operating income came in at $-90M.

In FY 2025, Bakkt Holdings, Inc. reported revenue of $2.34B and earnings per share (EPS) of $-8.87. Net income for the quarter was $-132M. Revenue grew -33.1% year-over-year compared to FY 2024. Operating income came in at $-148M.

In Q3 2025, Bakkt Holdings, Inc. reported revenue of $-50,000 and earnings per share (EPS) of $-1.15. Net income for the quarter was $-23M. Revenue grew -100.0% year-over-year compared to Q3 2024. Operating income came in at $-25M.

In Q2 2025, Bakkt Holdings, Inc. reported revenue of $578M and earnings per share (EPS) of $-2.16. Net income for the quarter was $-30M. Revenue grew 13.3% year-over-year compared to Q2 2024. Operating income came in at $-18M.

Over the past 8 quarters, Bakkt Holdings, Inc. has demonstrated a growth trajectory, with revenue expanding from $510M to $1.98B. Investors analyzing BKKT stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

BKKT Dividend Yield and Income Analysis

Bakkt Holdings, Inc. (BKKT) does not currently pay a dividend. This is common among smaller companies in the Banking industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Financials dividend stocks may want to explore other Financials stocks or use the stock screener to filter by dividend yield.

BKKT Momentum and Technical Analysis Profile

Bakkt Holdings, Inc. (BKKT) has a momentum factor score of 16/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 40/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 31/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

BKKT vs Competitors — Financials Sector Ranking and Peer Comparison

Within the Financials sector, Bakkt Holdings, Inc. (BKKT) ranks #865 out of 891 stocks based on the Blank Capital composite score. This places BKKT in the lower half of all Financials stocks in our coverage universe. Key competitors and sector peers include WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 62.9/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.6/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, International General Insurance Holdings Ltd. (IGIC) with a score of 61.3/100, and PARKE BANCORP, INC. (PKBK) with a score of 60.4/100.

Comparing BKKT against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full BKKT vs S&P 500 (SPY) comparison to assess how Bakkt Holdings, Inc. stacks up against the broader market across all factor dimensions.

BKKT Next Earnings Date

No upcoming earnings date has been announced for Bakkt Holdings, Inc. (BKKT) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy BKKT? — Investment Thesis Summary

The quantitative profile for Bakkt Holdings, Inc. suggests caution. The quality score of 29/100 flags below-average profitability. The value score of 12/100 indicates premium valuation. Momentum is weak at 16/100, a headwind for near-term performance. High volatility (stability score 14/100) increases portfolio risk.

In summary, Bakkt Holdings, Inc. (BKKT) earns a Avoid rating with a composite score of 23.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on BKKT stock.

Related Resources for BKKT Investors

Explore more research and tools: BKKT vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare BKKT head-to-head with peers: BKKT vs WTM, BKKT vs OPY, BKKT vs ACT.