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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$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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Transaction revenue$243,396$1,065,741
Service revenue19715
Crypto services revenue$243,593$1,065,756

Item 1. Consolidated Financial Statements (Unaudited).

FAQ

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.

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