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Bakkt BKKT Total Revenue

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Segments

By product

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Transaction revenue$243.4M-77.2%
Service revenue$197K+1,213%

By segment

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Reportable Segment$243.59M-77.1%

Other financials

Income statement

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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$336.64M+120%
Enterprise value$256.74M+91.5%

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:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Bakkt’s 10-Q, filed August 11, 2025.

Filed
Aug 11, 2025
Fiscal quarter
Q2 FY2025
Calendar quarter
Q2 2025
Accession
0001628280-25-039625
Line itemThree Months Ended June 30, 2025Three Months Ended June 30, 2024Six Months Ended June 30, 2025Six Months Ended June 30, 2024
Revenues:
Crypto services$568,103$497,141$1,633,859$1,338,481
Loyalty services, net9,77912,75718,93325,999
Total revenues577,882509,8981,652,7921,364,480
Operating expenses:
Crypto costs561,074491,7011,615,7091,323,673
Execution, clearing and brokerage fees4,1393,39211,8329,022
Compensation and benefits20,12422,38137,94346,912

Item 1. Consolidated Financial Statements (Unaudited).

FAQ

What is Bakkt's total revenue?
Bakkt (BKKT) reported total revenue of $577.88M in Q2 2025.
How has Bakkt's total revenue changed year-over-year?
Bakkt's total revenue increased by 13.3% year-over-year, from $509.9M to $577.88M.
What is the long-term trend for Bakkt's total revenue?
Over 3 years (2021 to 2024), Bakkt's total revenue has grown at a 352.0% compound annual growth rate (CAGR), from $37.25M to $3.44B.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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