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Bakkt BKKT Return on invested capital

Return on invested capital at other companies

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Janus Living JAN
-5.3%
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45.5%
Q2 Holdings logo
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10.3%+7.2pp
Gryphon Digital Mining, Inc. logo
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-43.3%-50.1pp
CME Group logo
CME GroupCME
15.4%+1.6pp

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

Calculated from Bakkt ’s reported figures.

Based on trailing twelve months.

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 return on invested capital?
Bakkt (BKKT) reported return on invested capital of -286.8% in Q4 2025.
How has Bakkt 's return on invested capital changed year-over-year?
Bakkt 's return on invested capital increased by 34.0% year-over-year, from -434.6% to -286.8%.
What is the long-term trend for Bakkt 's return on invested capital?
Over 3 years (2022 to 2025), Bakkt 's return on invested capital has grown at a -56.9% compound annual growth rate (CAGR), from -3,584.7% to -286.8%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.