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Bakkt BKKT Business Segments — Crypto costs

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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$350.06M+286%
Enterprise value$270.15M
P/S0.1×-0.2×

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 bakkt:CryptoCosts.

The official record: Bakkt ’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Bakkt 's business segments — crypto costs?
Bakkt (BKKT) reported business segments — crypto costs of $239.97M in Q1 2026.
How has Bakkt 's business segments — crypto costs changed year-over-year?
Bakkt 's business segments — crypto costs decreased by 77.2% year-over-year, from $1.05B to $239.97M.
What is the long-term trend for Bakkt 's business segments — crypto costs?
Over 3 years (2022 to 2025), Bakkt 's business segments — crypto costs has grown at a 1016.9% compound annual growth rate (CAGR), from $1.66M to $2.31B.
What does business segments — crypto costs mean?
Represents the direct costs incurred by the segment to acquire or facilitate the trading of digital assets for customers. This includes the cost of crypto assets sold or the underlying expenses associated with maintaining liquidity for crypto-related transactions. It is a primary variable cost driver for platforms operating in the digital asset exchange and custody space.