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BKKT

Bakkt Holdings, Inc.

BKKT

NYSE·Technology·Software - Infrastructure·Mkt cap $375.6M

$8.36

-0.71%

View full research view

Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

View research view

52-Week Range

$6.87 - $49.79

P/E

Fwd P/E

28.83

Beta

5.86

Div Yield

0.00%

Avg Vol

1.7M

Shares Out

15.9M

Mkt Cap

$375.6M

Price action

Price chart

Down 54.8% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Backing and infrastructure support from Intercontinental Exchange Holdings
  • Strategic partnership with Global Payments for merchant network integration
  • Enterprise-focused approach targeting financial institutions and retailers
  • Regulatory expertise and compliance framework from parent company

Bear Case

2 risks

  • Very high volatility (beta 5.9). Expect 3x market swings. Position size accordingly.
  • Significant premium - growth priced in

Growth

Turning profitable

Increasing mainstream adoption of cryptocurrency and digital assets

Value

Significant premium - growth priced in

Momentum

Strong

+14.3% over 3m

Quality

Stable

Below average quality

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 7, 2026

Q2 26 RECAP

MAY 11, 2026

Reported EPS of -$0.41 vs -$0.10 consensus (-310.0% surprise). Revenue of $243.6M vs $297.9M expected (-18.2%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-310.0%

Next: May 7, 2026

Revenue trend · last 8Q

+738%

+26%

+13%

+22%

-83%

-77%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$509.9M

$328.4M

$1.8B

$1.1B

$577.9M

$402.2M

$299.2M

$243.6M

Margins · last 8Q

Gross

Operating

Profit

-4.8%

Wall Street consensus

2 analysts · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

100%

Hold

0%

Sell

0%

Median Price Target

Latest: Clear Street · Mar 20, 2026

vs Industry

How BKKT stacks vs Software - Infrastructure

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.