What is Bakkt 's net margin?

Bakkt (BKKT) reported net margin of -0.8% in Q2 2025.

How has Bakkt 's net margin changed year-over-year?

Bakkt 's net margin increased by 80.3% year-over-year, from -4% to -0.8%.

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

Over 3 years (2021 to 2024), Bakkt 's net margin has grown at a -87.0% compound annual growth rate (CAGR), from -614.1% to -1.4%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Bakkt BKKT Net margin

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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

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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

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

Calculated from Bakkt ’s reported figures.

net income/total revenue=-0.8%

Based on trailing twelve months.

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 net margin?: Bakkt (BKKT) reported net margin of -0.8% in Q2 2025.
How has Bakkt 's net margin changed year-over-year?: Bakkt 's net margin increased by 80.3% year-over-year, from -4% to -0.8%.
What is the long-term trend for Bakkt 's net margin?: Over 3 years (2021 to 2024), Bakkt 's net margin has grown at a -87.0% compound annual growth rate (CAGR), from -614.1% to -1.4%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.