Bakkt, Inc.BKKT
What Bakkt, Inc. does.
Unless otherwise noted, in this section or elsewhere in this Form 10-K, (1) the term “Bakkt" refers to Bakkt, Inc., a Delaware corporation and its subsidiaries, and (2) the terms Company,” “we,” “us,” and “our,” refer to the ongoing business operations of Bakkt, Inc. and its subsidiaries, whether conducted through Bakkt or a subsidiary of Bakkt.
• “Client” means businesses with whom we contract to provide services to customers on our platform, and includes financial institutions, hedge funds, merchants, retailers, third party partners, and other businesses (except in the accompanying notes to the consolidated financial statements, where we refer to revenue earned from customers, instead of clients). The term customers is in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers .
• “Digital asset” means an asset that is built using blockchain technology, including virtual currencies (as used in the State of New York), coins, cryptocurrencies, stablecoins, and other tokens. Our platform enables transactions in certain supported digital assets. For purposes of this Form 10-K, we use digital assets, virtual currency, coins, and tokens interchangeably.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $28.5M | — | $56.2M | $727.0M | $3.4B | $2.3B |
| Net income | -$79.6M | — | -$578.1M | -$74.9M | -$46.7M | -$107.2M |
| Free cash flow | -$51.5M | — | -$148.1M | -$70.1M | -$24.3M | — |
More on BKKT.
- Bakkt, Inc. summary
- Bakkt, Inc. financial statements
- Bakkt, Inc. key metrics
- Bakkt, Inc. health scores and style box
- Bakkt, Inc. earnings
- Bakkt, Inc. dividends
- Bakkt, Inc. valuation
- Bakkt, Inc. ownership and insiders
- Bakkt, Inc. peers
Figures from Bakkt, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.