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Bakkt BKKT Operating margin

Operating margin at other companies

Coinbase Global, Inc. logo
Coinbase Global, Inc.COIN
10.8%-21.6pp
Green Dot logo
Green DotGDOT
3.9%
Gryphon Digital Mining, Inc. logo
Gryphon Digital Mining, Inc.ABTC
-105.7%-454pp
CME Group logo
CME GroupCME
65.1%-0.2pp

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$336.64M+120%
Enterprise value$256.74M+91.5%

Profitability

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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

Calculated from Bakkt’s reported figures.

Based on trailing twelve months.

The source filing: Bakkt’s 10-Q, filed August 11, 2025. Open the filing →

Filed
Aug 11, 2025
Fiscal quarter
Q2 FY2025
Calendar quarter
Q2 2025
Accession
0001628280-25-039625

FAQ

What is Bakkt's operating margin?
Bakkt (BKKT) reported operating margin of -1.9% in Q2 2025.
How has Bakkt's operating margin changed year-over-year?
Bakkt's operating margin increased by 71.8% year-over-year, from -6.6% to -1.9%.
What is the long-term trend for Bakkt's operating margin?
Over 3 years (2021 to 2024), Bakkt's operating margin has grown at a -82.0% compound annual growth rate (CAGR), from -440.6% to -2.6%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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