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Bakkt BKKT Total Operating Expenses

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Segments

By segment

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Reportable Segment$260.52M-75.9%

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:OperatingExpenses.

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 total operating expenses?
Bakkt (BKKT) reported total operating expenses of $260.52M in Q1 2026.
How has Bakkt 's total operating expenses changed year-over-year?
Bakkt 's total operating expenses decreased by 75.9% year-over-year, from $1.08B to $260.52M.
What is the long-term trend for Bakkt 's total operating expenses?
Over 4 years (2021 to 2025), Bakkt 's total operating expenses has grown at a 87.6% compound annual growth rate (CAGR), from $201.4M to $2.5B.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.