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Bakkt BKKT Transaction revenue — Revenue

Other product segments

Service revenue
$197K+1,213%

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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 transaction revenue — revenue?
Bakkt (BKKT) reported transaction revenue — revenue of $243.4M in Q1 2026.
How has Bakkt 's transaction revenue — revenue changed year-over-year?
Bakkt 's transaction revenue — revenue decreased by 77.2% year-over-year, from $1.07B to $243.4M.
What is the long-term trend for Bakkt 's transaction revenue — revenue?
Over 4 years (2021 to 2025), Bakkt 's transaction revenue — revenue has grown at a 228.2% compound annual growth rate (CAGR), from $20.18M to $2.34B.
What does transaction revenue — revenue mean?
This metric represents the total gross income generated from transaction-based services within the digital asset and loyalty platform segment. It reflects the core business activity of facilitating crypto exchanges, custody services, and loyalty point redemptions for institutional and retail clients. Growth in this figure indicates successful scaling of platform volume and increased adoption of the company's digital economy infrastructure.