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Bakkt BKKT Warrant liability

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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 bakkt:WarrantLiability.

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 warrant liability?
Bakkt (BKKT) reported warrant liability of $12.03M in Q1 2026.
How has Bakkt 's warrant liability changed year-over-year?
Bakkt 's warrant liability decreased by 18.0% year-over-year, from $14.68M to $12.03M.
What does warrant liability mean?
The fair value of outstanding warrants that are classified as liabilities rather than equity due to specific contractual terms. Changes in this value reflect market-based revaluations of the company's equity derivatives over time. This metric is important for understanding potential future dilution and the impact of equity-linked financial instruments on the balance sheet.