What is Bakkt 's cash ratio?

Bakkt (BKKT) reported cash ratio of 2.6× in Q1 2026.

How has Bakkt 's cash ratio changed year-over-year?

Bakkt 's cash ratio increased by 570.9% year-over-year, from 0.4× to 2.6×.

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

Over 5 years (2020 to 2025), Bakkt 's cash ratio has grown at a 104.0% compound annual growth rate (CAGR), from 0× to 0.8×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Bakkt BKKT Cash ratio

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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 / equity0×—

Current ratio4.1×+2.5×

Where this comes from

Calculated from Bakkt ’s reported figures.

cash and equivalents/total current liabilities=2.6×

Based on the most recent quarter.

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 cash ratio?: Bakkt (BKKT) reported cash ratio of 2.6× in Q1 2026.
How has Bakkt 's cash ratio changed year-over-year?: Bakkt 's cash ratio increased by 570.9% year-over-year, from 0.4× to 2.6×.
What is the long-term trend for Bakkt 's cash ratio?: Over 5 years (2020 to 2025), Bakkt 's cash ratio has grown at a 104.0% compound annual growth rate (CAGR), from 0× to 0.8×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.