📊 BKKT-WT Key Takeaways
Investment Thesis
Bakkt exhibits severe operational distress with massive losses despite extraordinary revenue growth, indicating the top-line expansion is not translating to profitability or positive cash generation. The company is burning substantial cash ($153.4M operating outflow) while maintaining only $27M in liquid assets, creating an unsustainable liquidity crisis within months at current burn rates. Negative returns on equity (-95.1%) and assets (-65.9%) demonstrate fundamental value destruction, making this a financially distressed entity regardless of market opportunity.
BKKT-WT Strengths
- Strong liquidity position with current ratio of 2.19x providing short-term operational flexibility
- Zero long-term debt eliminates refinancing and interest burden risks
- Exceptional revenue growth of 295,126.7% YoY indicates significant market traction and business scaling
BKKT-WT Risks
- Operating cash flow of -$153.4M combined with only $27M cash creates critical liquidity failure within 2 months at current burn rate
- Net losses of $107.2M with -4.6% net margin show the company's massive revenue growth generates no profitability
- Deeply negative ROE (-95.1%) and ROA (-65.9%) indicate severe value destruction and inability to generate returns on capital deployed
Key Metrics to Watch
- Monthly operating cash burn rate and cash runway (critical survival metric)
- Path to operating profitability and timeline for positive net income
- Revenue composition and gross margin trends to assess unit economics sustainability
BKKT-WT Financial Metrics
💡 AI Analyst Insight
Strong liquidity with a 2.19x current ratio provides a solid financial cushion.
BKKT-WT Profitability Ratios
BKKT-WT vs Finance Sector
How Bakkt, Inc. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BKKT-WT Balance Sheet & Liquidity
BKKT-WT 5-Year Financial Trend
5-Year Trend Summary: Bakkt, Inc.'s revenue has grown significantly by 11,976% over the 5-year period, indicating strong business expansion. The most recent EPS of $-21.01 indicates the company is currently unprofitable.
BKKT-WT Growth Metrics (YoY)
BKKT-WT Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2025 | $509.9M | -$7.0M | $-1.05 |
| Q1 2025 | $854.6M | $7.7M | $1.13 |
| Q3 2024 | $204.8M | -$2.9M | $-0.45 |
| Q2 2024 | $347.6M | -$16.4M | $-2.67 |
| Q1 2024 | $13.2M | -$8.2M | $-1.86 |
| Q3 2023 | $13.2M | -$17.3M | $-0.19 |
| Q2 2023 | $14.0M | -$3.9M | $-0.05 |
| Q1 2023 | $12.5M | -$7.1M | $-0.14 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BKKT-WT Capital Allocation
BKKT-WT SEC Filings
Access official SEC EDGAR filings for Bakkt, Inc. (CIK: 0001820302)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BKKT-WT
What is the AI rating for BKKT-WT?
Bakkt, Inc. (BKKT-WT) has an AI rating of STRONG SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BKKT-WT's key strengths?
Strong liquidity position with current ratio of 2.19x providing short-term operational flexibility. Zero long-term debt eliminates refinancing and interest burden risks.
What are the risks of investing in BKKT-WT?
Operating cash flow of -$153.4M combined with only $27M cash creates critical liquidity failure within 2 months at current burn rate. Net losses of $107.2M with -4.6% net margin show the company's massive revenue growth generates no profitability.
What is BKKT-WT's revenue and growth?
Bakkt, Inc. reported revenue of $2.3B.
Does BKKT-WT pay dividends?
Bakkt, Inc. does not currently pay dividends.
Where can I find BKKT-WT SEC filings?
Official SEC filings for Bakkt, Inc. (CIK: 0001820302) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BKKT-WT's EPS?
Bakkt, Inc. has a diluted EPS of $-8.87.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.