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Bakkt BKKT Crypto costs

Crypto costs at other companies

Galaxy Digital Inc. Class A Common Stock logo
Galaxy Digital Inc. Class A Common StockGLXY
$4.64B-16.4%
Galaxy Digital Inc. Class A Common Stock logo
Galaxy Digital Inc. Class A Common StockGLXY
$10.02B-22.5%
MarketAxess logo
MarketAxessMKTX
$4.43M+5.8%
Galaxy Digital Inc. Class A Common Stock logo
Galaxy Digital Inc. Class A Common StockGLXY
$3.8M-53.8%
Gemini Space Station, Inc. Class A Common Stock logo
Gemini Space Station, Inc. Class A Common StockGEMI
-$11.76M-74.7%
Galaxy Digital Inc. Class A Common Stock logo
Galaxy Digital Inc. Class A Common StockGLXY
$10.02B-22.6%

Segments

By segment

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Reportable Segment$239.97M-77.2%

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 bakkt:CryptoCosts.

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 crypto costs?
Bakkt (BKKT) reported crypto costs of $239.97M in Q1 2026.
How has Bakkt 's crypto costs changed year-over-year?
Bakkt 's crypto costs decreased by 77.2% year-over-year, from $1.05B to $239.97M.
What is the long-term trend for Bakkt 's crypto costs?
Over 3 years (2022 to 2025), Bakkt 's crypto costs has grown at a 1016.9% compound annual growth rate (CAGR), from $1.66M to $2.31B.
What does crypto costs mean?
Represents the direct costs incurred to acquire or facilitate the transfer of digital assets on behalf of customers. This reflects the cost of goods sold for crypto-related transactions and is a primary driver of revenue for digital asset platforms.