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Bakkt BKKT Service revenue — Revenue

Other product segments

Transaction revenue
$243.4M-77.2%

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 service revenue — revenue?
Bakkt (BKKT) reported service revenue — revenue of $197K in Q1 2026.
How has Bakkt 's service revenue — revenue changed year-over-year?
Bakkt 's service revenue — revenue increased by 1213.3% year-over-year, from $15K to $197K.
What is the long-term trend for Bakkt 's service revenue — revenue?
Over 3 years (2021 to 2025), Bakkt 's service revenue — revenue has grown at a -50.5% compound annual growth rate (CAGR), from $33.55M to $4.06M.
What does service revenue — revenue mean?
This metric represents the total revenue generated from subscription-based services, platform access fees, and recurring service-level agreements within the digital asset ecosystem. It captures the income derived from providing institutional-grade custody, API-based transaction processing, and loyalty program management services. This revenue stream serves as a primary indicator of the company's ability to monetize its technology platform and maintain long-term client engagement.