Where do Bakkt 's ratios come from?

Every ratio is computed from Bakkt 's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Bakkt BKKT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Returns
Return on equity	-117.8%-56.8pp	-146.2%-32.6pp	-49.9%+40.6pp	-70%+34.3pp	-60.9%+33.5pp
Return on assets	-65%-61.4pp	-49.6%-32.2pp	-5.7%-0.4pp	-4.1%+2.0pp	-3.5%+3.4pp
Liquidity
Current ratio	4.1×+2.5×	2.2×+0.9×	2.2×+1.2×	1.2×+0.1×	1.6×+0.5×
Quick ratio	4.1×+2.5×	2.2×+0.9×	2.2×+1.2×	1.2×+0.1×	1.6×+0.5×
Cash ratio	2.6×+2.2×	0.8×+0.5×	1.1×+1.1×	0.5×+0.4×	0.4×+0.4×
Leverage
Debt-to-equity	0×—	0×-0.7×	——	0.7×—	——
Debt-to-assets	0×—	0×-0.1×	——	0.1×—	——
Valuation
Market capitalization	$350.06M+286%	$241.35M+50.4%	$536.18M+786%	$91.79M-22.2%	$56.64M-13.1%
Enterprise value	$270.15M—	$214.93M+48.3%	——	$73.3M—	——
Price / book	2×0.0×	2.1×-2.6×	4.7×+3.5×	2.6×+0.1×	1.3×+0.1×
Earnings yield	-36.2%-2.2pp	-44.4%-15.3pp	-7.7%+81.9pp	-31.7%+26.5pp	-54.4%+51.5pp

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Where do Bakkt 's ratios come from?: Every ratio is computed from Bakkt 's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.