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Bakkt BKKT Fair Value Adjustment Of Warrants

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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 / equity
Current ratio4.1×+2.5×

Where this comes from

Reported directly by Bakkt in its filing.

Tagged under the XBRL concept us-gaap:FairValueAdjustmentOfWarrants.

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 fair value adjustment of warrants?
Bakkt (BKKT) reported fair value adjustment of warrants of -$4.7M in Q1 2026.
How has Bakkt 's fair value adjustment of warrants changed year-over-year?
Bakkt 's fair value adjustment of warrants increased by 85.4% year-over-year, from -$32.25M to -$4.7M.
What is the long-term trend for Bakkt 's fair value adjustment of warrants?
Over 4 years (2021 to 2025), Bakkt 's fair value adjustment of warrants has grown at a -21.5% compound annual growth rate (CAGR), from $79.37M to -$30.19M.
What does fair value adjustment of warrants mean?
Captures the non-cash gains or losses resulting from the periodic revaluation of outstanding warrant liabilities. Because these instruments are often marked to market based on stock price volatility, this metric reflects changes in the company's valuation and market sentiment. It is a key indicator of non-operating volatility in the income statement.