Bakkt (BKKT)
Provides crypto trading, custody connections, and stablecoin payment rails for financial platforms.
$8.98
vs last close−0.75 (−7.71%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 205 | 215 | 855 | 510 | 328 | 1,797 | 1,075 | 578 | 402 | 299 | 244 | 170 |
| Cost of revenue | 189 | 197 | 832 | 492 | 313 | 1,767 | 27 | 27 | 418 | 347 | 247 | 169 |
| Gross profit | 15 | 18 | 23 | 18 | 16 | 31 | 1,048 | 551 | −16 | −48 | −3 | 1 |
| 68 | 96 | 54 | 40 | 43 | 42 | 1,067 | 569 | 9 | 16 | 14 | 21 | |
| 40 | 36 | 42 | 35 | 39 | 28 | 30 | 31 | 21 | 16 | 14 | 18 | |
| General & administrative | 40 | 36 | 42 | 35 | 39 | 28 | 30 | 31 | 21 | 0 | 0 | 18 |
| Other expenses | 29 | 60 | 13 | 5 | 4 | 14 | 1,036 | 539 | −12 | 0 | 0 | 2 |
| Operating income | −53 | −78 | −32 | −22 | −27 | −12 | −19 | −18 | −25 | −64 | −17 | −20 |
| 1 | 0 | 11 | −13 | 21 | −29 | 35 | −12 | 4 | −5 | 5 | 101 | |
| Interest income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other non-operating income | −23 | −55 | −6 | −1 | −1 | −1 | 0 | 12 | −6 | 5 | −5 | −101 |
| Income before tax | −52 | −79 | −21 | −35 | −6 | −40 | 16 | −30 | −22 | −69 | −12 | 81 |
| Income tax expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income from continuing operations | −52 | −79 | −21 | −36 | −6 | −40 | 16 | −30 | −22 | −69 | −12 | 81 |
| Discontinued operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −2 | −23 | 0 | 0 |
| Other adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −17 | −27 | −8 | −16 | −3 | −19 | 8 | −15 | −15 | −85 | −12 | 81 |
| EPS, basic | −$4.74 | −$7.25 | −$1.86 | −$2.67 | −$0.45 | −$2.95 | $1.18 | −$2.16 | −$2.19 | −$6.37 | −$0.87 | $1.96 |
| EPS, diluted | −$4.74 | −$7.25 | −$1.86 | −$2.67 | −$0.45 | −$2.95 | $1.13 | −$2.16 | −$2.19 | −$6.37 | −$0.87 | $1.94 |
| Weighted average shares, basic | 4 | 4 | 4 | 6 | 6 | 7 | 7 | 7 | 7 | 13 | 13 | 41 |
| Weighted average shares, diluted | 4 | 4 | 4 | 6 | 6 | 7 | 7 | 7 | 7 | 13 | 13 | 42 |
| EBITDA | −26 | −21 | −25 | −21 | −26 | −11 | −18 | −30 | −20 | −69 | −12 | 82 |
| Depreciation & amortization | 4 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| EBIT | −30 | −24 | −25 | −21 | −26 | −11 | −18 | −30 | −20 | −69 | −12 | 81 |
