Bakkt, Inc.
BKKTTechnologyNASDAQSoftware - Infrastructure
Scan Results
Daily timeframeBakkt, Inc. engages in digital building financial infrastructure. The company carries a $486.0M market cap, placing it firmly in the small-cap category. The company offers Bakkt Market solutions which enables institutions to launch secure, compliant, and advanced digital asset brokerage, trading and payment capabilities through a plug-and-play platform; Bakkt Agent provides programmable access to Bakkt's financial infrastructure through an intelligent software layer that coordinates onboarding, account creation, funding, and global money movement; and Bakkt Global enables Bakkt to expand its technology and infrastructure into international markets through strategic investments in jurisdiction-specific entities operating in regulated financial markets.
Market Cap
$486.0M
Beta
5.86
P/E (TTM)
—
P/E (Fwd)
11.32
EPS (TTM)
$-8.37
EPS (Fwd)
$0.96
ROE
-102.0%
ROA
-37.4%
Cash
$81.9M
Total Debt
$79,000
Free CF
-$11.7M
52W Change
-6.0%
Annual Financials
Cash vs Debt
With $81.9M in cash and $79K in debt, BKKT maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Free cash flow is running at -$11.7M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at -102.0%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has grown from $56.2M (2022) to $2.34B (2025), reflecting a 4053% increase over the period.
With a beta above 1.5, BKKT tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing BKKT.