Stocks · Technology · Software - Infrastructure
Bakkt Holdings, Inc. BKKT
$7.75 +0.52% Close, Oct 2, 2026 · NYSE · Market cap $345.7M
Weak trendHigh risk
Next earnings report: Nov 9, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $1.12B, down 70.5% from a year earlier, slowing from -59.0% a quarter earlier.
- The diluted share count rose 510.8% in a year.
- Over the past year the stock returned -77.3%, behind the S&P 500 by 92.4 percentage points.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 1%
- Revenue growth, 3-year CAGRTop 1%
- Revenue growth accelerationBottom 6%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 7%
- Gross marginBottom 4%
- Operating marginBottom 25%
- Accruals (lower is better)Bottom 4%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 4%
- Free-cash-flow yieldBottom 5%
- EBITDA / enterprise valueBottom 14%
- Sales / enterprise valueTop 2%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 1%
- 6-month returnBottom 32%
- 1-year return vs S&P 500Bottom 2%
- Distance from 52-week highBottom 2%
- Trend checklist (0–4)Bottom 10%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 4%
- Consecutive EPS beatsBottom 31%
- Share of analysts rating BuyBottom 29%
- Upside to consensus price targetTop 26%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 17%
- Maximum drawdown, 3 yearsBottom 6%
- Beta vs S&P 500 (lower is better)Bottom 2%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -59.0% | -70.5% | ↓ |
| Gross margin | 43.5% | -6.0% | ↓ |
| Operating margin | -2.0% | -11.3% | ↓ |
| FCF margin | -2.3% | -7.7% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -70.5% | -59.0% | ↓ | Bottom 1% |
| Gross margin | -6.0% | 43.5% | ↓ | Bottom 4% |
| Operating margin | -11.3% | -2.0% | ↓ | Bottom 25% |
| Net margin | -2.8% | -0.8% | ↓ | — |
| Free-cash-flow margin | -7.7% | -2.3% | ↓ | — |
| Return on invested capital | -33.5% | — | Bottom 7% | |
| Revenue growth, 3-year CAGR | 246.3% | — | Top 1% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 12.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.4%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +22.4 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- Net cash
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -38.97%
- Shareholder yield
- -38.97%
- Share count change, 1 year
- +510.8%
- Share count change, 3-year CAGR
- +126.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 10, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 3 of 8
- Average EPS surprise, last 4
- +100.0%
- Average 2-day reaction, last 8
- -1.4%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $12.00
- Target vs current price
- +54.8%
- Analysts with a rating
- 6
- Share rating Buy or Strong Buy
- 50%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 10, 2026 | +6366.7% | +1.6% | +1.6% | +10.6% | — |
| May 11, 2026 | -310.0% | +0.7% | -15.9% | -17.7% | -25.0% |
| Mar 16, 2026 | -1134.9% | +2.0% | -9.5% | -7.7% | -18.5% |
| Nov 10, 2025 | +355.3% | -11.4% | -23.3% | -46.1% | -58.2% |
| Aug 11, 2025 | — | -8.2% | -7.6% | -17.1% | +148.7% |
| May 12, 2025 | -284.8% | -0.4% | +27.3% | +50.7% | -2.8% |
| Mar 19, 2025 | -251.2% | -0.2% | +30.1% | -9.6% | +39.2% |
| Nov 14, 2024 | +59.1% | +5.0% | +174.2% | +136.0% | +24.0% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 10, 2026 | $1.94 | $0.03 | +6366.7% | $170.1M |
| May 11, 2026 | -$0.41 | -$0.10 | -310.0% | $243.6M |
| Mar 16, 2026 | -$6.73 | -$0.55 | -1134.9% | $281.2M |
| Nov 10, 2025 | $1.20 | -$0.47 | +355.3% | $402.2M |
| Aug 11, 2025 | -$2.16 | — | — | $577.9M |
| May 12, 2025 | -$2.81 | -$0.73 | -284.8% | $1.07B |
| Mar 19, 2025 | -$2.95 | -$0.84 | -251.2% | $1.80B |
| Nov 14, 2024 | -$0.45 | -$1.10 | +59.1% | $15.6M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (forward) | 3.9× | — | — | — |
| EV / Sales | 0.27× | — | — | Top 2% |
| Free-cash-flow yield | -24.84% | — | — | Bottom 5% |
| Earnings yield | -96.65% | — | — | Bottom 4% |
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +0.6%
- 200-day average slope (20 days)
- -6.0%
- Distance from 50-day average
- -1.4%
- Distance from 200-day average
- -19.1%
- RSI (14)
- 46.1
- Relative volume
- 1.01×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 89.0%
- Volatility vs own 5-year history
- 20th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 3.76
- Correlation with S&P 500
- 0.30
- Current drawdown from 1-year high
- -82.8%
- Maximum drawdown, 3 years
- -89.4%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Oct 29, 2021 | May 2, 2024 | -99.4% | 629 days | Not yet recovered |
| Feb 9, 2021 | Oct 21, 2021 | -59.0% | 177 days | 2 days (Oct 25, 2021) |
| Oct 25, 2021 | Oct 26, 2021 | -22.3% | 1 days | 3 days (Oct 29, 2021) |
| Jan 12, 2021 | Jan 27, 2021 | -22.2% | 10 days | 8 days (Feb 8, 2021) |
| Nov 19, 2020 | Nov 20, 2020 | -12.7% | 1 days | 32 days (Jan 8, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $345.7M
- EPS, diluted (TTM)
- -$7.49
- Revenue (TTM)
- $1.12B
- 52-week range
- $6.71 – $49.79
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $37.3M | $56.2M | $780.1M | $3.49B | $2.34B |
| Gross profit | $37.3M | $54.6M | $61.6M | $87.0M | $26.9M |
| Operating income | -$164.1M | -$2.02B | -$227.9M | -$92.9M | -$141.7M |
| Net income | -$133.6M | -$578.1M | -$74.9M | -$46.7M | -$107.2M |
| EPS (diluted) | -$4.24 | -$203.08 | -$21.01 | -$7.97 | -$15.71 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $328.4M | $1.80B | $1.07B | $577.9M | $402.2M | $299.2M | $243.6M | $170.1M |
| Net income | -$2.9M | -$19.2M | $7.7M | -$14.7M | -$14.9M | -$85.3M | -$11.7M | $80.8M |
| EPS (diluted) | -$0.45 | -$2.95 | $1.13 | -$2.16 | -$2.19 | -$6.37 | -$0.87 | $1.94 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$134.3M | -$117.6M | -$60.7M | -$21.2M | -$149.3M |
| Capital expenditure | -$15.7M | -$30.5M | -$9.4M | -$3.1M | -$3.8M |
| Free cash flow | -$150.0M | -$148.1M | -$70.1M | -$24.3M | -$153.4M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $227.5M | -$2.6M | -$2.6M | $46.5M | $70.8M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $70.6M
- Total assets
- $403.6M
- Total liabilities
- $49.2M
- Total debt
- $63,000
- Net debt
- -$49.9M
- Shareholders’ equity
- $354.4M
As of Jun 30, 2026 (filed Aug 10, 2026).
Short interest
- Shares sold short
- 6,132,337
- Days to cover
- 6.56
- Change vs previous report
- +2.1%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Apr 29, 2024
- 1-for-25