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Bakkt BKKT Unit-based compensation expense

Unit-based compensation expense at other companies

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$313K-3.7%
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$910.5K+24.0%
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$6.02M-0.4%
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$11.7M+11.4%

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:ShareBasedPaymentArrangementExpenseAndDeferredCompensationArrangementWithIndividualCompensationExpenseGross.

The official record: Bakkt ’s 10-K, filed March 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Bakkt 's unit-based compensation expense?
Bakkt (BKKT) reported unit-based compensation expense of $0 in Q4 2025.
What is the long-term trend for Bakkt 's unit-based compensation expense?
Over 3 years (2022 to 2025), Bakkt 's unit-based compensation expense has grown at a -100.0% compound annual growth rate (CAGR), from $557K to $0.
What does unit-based compensation expense mean?
Captures the total non-cash expense recognized for equity-based compensation granted to employees and directors. This reflects the cost of human capital incentives that do not require immediate cash outflows. Investors use this to evaluate the dilution impact and the true economic cost of compensation packages.