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Bakkt BKKT Business Segments — Operating Income (Loss)

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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:OperatingIncomeLoss.

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 — operating income (loss)?
Bakkt (BKKT) reported business segments — operating income (loss) of -$16.92M in Q1 2026.
How has Bakkt's business segments — operating income (loss) changed year-over-year?
Bakkt's business segments — operating income (loss) decreased by 9.6% year-over-year, from -$15.44M to -$16.92M.
What is the long-term trend for Bakkt's business segments — operating income (loss)?
Over 3 years (2022 to 2025), Bakkt's business segments — operating income (loss) has grown at a -57.9% compound annual growth rate (CAGR), from -$2.02B to -$150.21M.
What does business segments — operating income (loss) mean?
Measures the profitability of the segment by subtracting total operating expenses from total revenues generated by the segment's activities. It indicates the core operational health and viability of the business unit before accounting for financing or tax impacts. A positive value demonstrates that the segment's primary business model is self-sustaining.

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