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Bakkt BKKT Business Segments — Operating Expenses

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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 us-gaap:OperatingExpenses.

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 — operating expenses?
Bakkt (BKKT) reported business segments — operating expenses of $260.52M in Q1 2026.
How has Bakkt 's business segments — operating expenses changed year-over-year?
Bakkt 's business segments — operating expenses decreased by 75.9% year-over-year, from $1.08B to $260.52M.
What does business segments — operating expenses mean?
The total aggregate costs required to maintain the daily operations of the business segment, including personnel, technology, professional services, and infrastructure. This metric provides a comprehensive view of the segment's cost structure and operational scale. It is a key indicator of the company's ability to manage overhead while scaling its digital platform.