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Bakkt BKKT Business Segments — Professional services

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$1.51M+27.2%

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+117%
Enterprise value$256.74M+87.6%

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:ProfessionalFeesAdjusted.

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
Segment expenses:
Personnel13,3714,944
Non-cash compensation12,8053,066
Professional fees7,7455,171
Technology1,5751,918
Occupancy2130718
Marketing and promotions36396
Business insurance41,0911,653

Item 1. Consolidated Financial Statements (Unaudited).

FAQ

What is Bakkt's business segments — professional services?
Bakkt (BKKT) reported business segments — professional services of $7.75M in Q1 2026.
How has Bakkt's business segments — professional services changed year-over-year?
Bakkt's business segments — professional services increased by 49.8% year-over-year, from $5.17M to $7.75M.
What is the long-term trend for Bakkt's business segments — professional services?
Over 3 years (2022 to 2025), Bakkt's business segments — professional services has grown at a 30.1% compound annual growth rate (CAGR), from $11.48M to $25.3M.
What does business segments — professional services mean?
Includes fees paid to third-party consultants, legal advisors, and external experts engaged to support the segment's strategic initiatives or operational requirements. High levels of this expense may indicate reliance on external expertise for specialized technical or regulatory tasks.

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