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Bakkt BKKT Crypto services revenue — Revenue

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Other financials

Income statement

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Revenue$577.9M+13.3%
Operating income-$16.9M-9.6%
Net income-$11.7M-251%
EPS (diluted)-$0.41-136%

Balance sheet

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Cash & equivalents$80.0M+248%
Total debt$79.0K
Total equity$170.9M+288%
Total assets$213.4M+21.0%

Cash flow

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Operating cash flow-$12.1M+88.1%
CapEx$19.0K-95.9%
Free cash flow-$101.4M-377%

Valuation

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Market cap$336.64M+120%
Enterprise value$256.74M+91.5%

Profitability

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Operating margin-1.9%-0.8pp
Net margin-0.8%-0.3pp
FCF margin-3.4%

Returns & leverage

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Return on equity-117.8%+1,634pp
Debt / equity
Current ratio4.1×+2.5×

Where this comes from

Reported directly by Bakkt in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Bakkt’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 4:33 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-033576
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Crypto services revenue$243,593$1,065,756
Operating expenses:
Crypto costs239,9701,054,635
Execution, clearing and brokerage fees1,9807,693
Compensation and benefits6,6027,787
Professional services7,7455,170
Technology and communication1,7871,956
Selling, general and administrative2,3623,496

Item 1. Consolidated Financial Statements (Unaudited).

FAQ

What is Bakkt's crypto services revenue — revenue?
Bakkt (BKKT) reported crypto services revenue — revenue of $243.59M in Q1 2026.
What does crypto services revenue — revenue mean?
This metric represents the total gross revenue generated from providing digital asset custody, trading, and platform-related services to institutional and retail clients. It reflects the company's ability to monetize its core technology infrastructure and capture market share within the digital asset ecosystem. Growth in this metric indicates successful adoption of the platform's crypto-related offerings and effective scaling of transaction-based or service-based fee models.

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