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Bakkt BKKT Business Segments — Execution, clearing and brokerage fees

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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$342.01M+120%
Enterprise value$262.1M+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 bakkt:ExecutionClearingAndBrokerageFees.

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
Depreciation and amortization66220
Other operating costs51,7211,079
Crypto costs239,9701,054,635
Execution, clearing and brokerage fees1,9807,693
Total operating expenses per Consolidated Statements of Operations260,5171,081,193
Operating loss from continuing operations(16,924)(15,437)
Other income, net6(5,495)(34,825)
Net (loss) income from continuing operations before equity in net earnings of affiliates$(11,429)$19,388

Item 1. Consolidated Financial Statements (Unaudited).

FAQ

What is Bakkt's business segments — execution, clearing and brokerage fees?
Bakkt (BKKT) reported business segments — execution, clearing and brokerage fees of $1.98M in Q1 2026.
How has Bakkt's business segments — execution, clearing and brokerage fees changed year-over-year?
Bakkt's business segments — execution, clearing and brokerage fees decreased by 74.3% year-over-year, from $7.69M to $1.98M.
What does business segments — execution, clearing and brokerage fees mean?
Reflects the transaction-based costs paid to third-party exchanges, clearinghouses, or brokerage partners to process and settle digital asset trades. These fees are essential for the operational execution of customer-facing crypto services. Monitoring these costs helps assess the efficiency of the company's trade routing and partnership agreements.

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