What is Bakkt 's capex?

Bakkt (BKKT) reported capex of $19K in Q2 2025.

How has Bakkt 's capex changed year-over-year?

Bakkt 's capex decreased by 95.9% year-over-year, from $463K to $19K.

What is the long-term trend for Bakkt 's capex?

Over 3 years (2021 to 2024), Bakkt 's capex has grown at a -40.2% compound annual growth rate (CAGR), from $14.45M to $3.09M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Bakkt BKKT CapEx

Discontinued — last reported Q2 '25

CapEx at other companies

Green DotGDOT

$19.03M-2.0%

Coastal FinancialCCB

$1.84M-33.3%

Q2 HoldingsQTWO

$6.6M+740%

CME GroupCME

$21.8M+53.5%

Other financials

Income statement

See full

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

See full

Operating cash flow-$12.1M+88.1%

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

See full

Return on equity-117.8%+1,634pp

Debt / equity0×—

Current ratio4.1×+2.5×

Where this comes from

Reported directly by Bakkt in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The official record: Bakkt ’s 10-Q, filed August 11, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Bakkt 's capex?: Bakkt (BKKT) reported capex of $19K in Q2 2025.
How has Bakkt 's capex changed year-over-year?: Bakkt 's capex decreased by 95.9% year-over-year, from $463K to $19K.
What is the long-term trend for Bakkt 's capex?: Over 3 years (2021 to 2024), Bakkt 's capex has grown at a -40.2% compound annual growth rate (CAGR), from $14.45M to $3.09M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.