(BKKT) Bakkt Holdings - Overview
Stock: Bitcoin, Tokenization, Stablecoin, AI-Finance
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 170% |
| Relative Tail Risk | -26.6% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.66 |
| Alpha | -57.45 |
| Character TTM | |
|---|---|
| Beta | 3.149 |
| Beta Downside | 2.465 |
| Drawdowns 3y | |
|---|---|
| Max DD | 89.36% |
| CAGR/Max DD | -0.36 |
Description: BKKT Bakkt Holdings January 17, 2026
Bakkt Holdings, Inc. (NYSE:BKKT) builds a cross-border financial infrastructure that connects institutional players to the digital-asset ecosystem, covering Bitcoin trading, tokenized securities, stablecoin payments, and AI-enhanced finance solutions.
The firm’s client roster spans traditional financial institutions, fintech firms, broker-dealers, neobanks, registered investment advisers, funds, merchants and other enterprises, which it reaches through a mix of direct B2B outreach (email, digital ads), indirect channels, and its online presence (website, blog, social media).
Recent performance indicators (Q4 2023) show ≈ $68 million in total revenue, a 22 % YoY increase in transaction volume, and assets under custody exceeding $1.2 billion, reflecting growing institutional demand for regulated crypto services.
Key drivers for Bakkt’s sector include accelerating mainstream adoption of crypto assets, tightening U.S. and EU regulatory frameworks that favor licensed custodians, and the broader shift toward AI-enabled financial products that improve risk management and pricing efficiency.
For a deeper, data-rich assessment of Bakkt’s valuation dynamics, you may find ValueRay’s analytical dashboard worth exploring.
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income: -41.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.44 > 0.02 and ΔFCF/TA -39.32 > 1.0 |
| NWC/Revenue: 1.73% < 20% (prev 2.93%; Δ -1.20% < -1%) |
| CFO/TA -0.43 > 3% & CFO -111.2m > Net Income -41.1m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 2.24 > 1.5 & < 3 |
| Outstanding Shares: last quarter (6.83m) vs 12m ago 7.29% < -2% |
| Gross Margin: 42.23% > 18% (prev 0.04%; Δ 4219 % > 0.5%) |
| Asset Turnover: 534.7% > 50% (prev 161.3%; Δ 373.4% > 0%) |
| Interest Coverage Ratio: -784.7 > 6 (EBITDA TTM -80.2m / Interest Expense TTM 103.0k) |
Altman Z'' -15.00
| A: 0.26 (Total Current Assets 120.5m - Total Current Liabilities 53.8m) / Total Assets 258.3m |
| B: -3.17 (Retained Earnings -819.9m / Total Assets 258.3m) |
| C: -0.11 (EBIT TTM -80.8m / Avg Total Assets 720.5m) |
| D: -6.33 (Book Value of Equity -820.5m / Total Liabilities 129.7m) |
| Altman-Z'' Score: -16.05 = D |
Beneish M 0.39
| DSRI: 0.23 (Receivables 12.6m/26.8m, Revenue 3.85b/1.91b) |
| GMI: 0.09 (GM 42.23% / 3.88%) |
| AQI: 7.50 (AQ_t 0.53 / AQ_t-1 0.07) |
| SGI: 2.02 (Revenue 3.85b / 1.91b) |
| TATA: 0.27 (NI -41.1m - CFO -111.2m) / TA 258.3m) |
| Beneish M-Score: 0.39 (Cap -4..+1) = D |
What is the price of BKKT shares?
Over the past week, the price has changed by -11.05%, over one month by -22.96%, over three months by -44.11% and over the past year by -16.13%.
Is BKKT a buy, sell or hold?
What are the forecasts/targets for the BKKT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 40 | 235.9% |
| Analysts Target Price | 40 | 235.9% |
| ValueRay Target Price | 9 | -24.2% |
BKKT Fundamental Data Overview February 02, 2026
P/B = 3.04
Revenue TTM = 3.85b USD
EBIT TTM = -80.8m USD
EBITDA TTM = -80.2m USD
Long Term Debt = 12.5m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 2.31m USD (from shortTermDebt, last quarter)
Debt = 12.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -64.4m USD (from netDebt column, last quarter)
Enterprise Value = 388.2m USD (445.2m + Debt 12.5m - CCE 69.5m)
Interest Coverage Ratio = -784.7 (Ebit TTM -80.8m / Interest Expense TTM 103.0k)
EV/FCF = -3.38x (Enterprise Value 388.2m / FCF TTM -114.8m)
FCF Yield = -29.59% (FCF TTM -114.8m / Enterprise Value 388.2m)
FCF Margin = -2.98% (FCF TTM -114.8m / Revenue TTM 3.85b)
Net Margin = -1.07% (Net Income TTM -41.1m / Revenue TTM 3.85b)
Gross Margin = 42.23% ((Revenue TTM 3.85b - Cost of Revenue TTM 2.23b) / Revenue TTM)
Gross Margin QoQ = -0.71% (prev 95.31%)
Tobins Q-Ratio = 1.50 (Enterprise Value 388.2m / Total Assets 258.3m)
Interest Expense / Debt = 0.40% (Interest Expense 50.0k / Debt 12.5m)
Taxrate = 21.0% (US default 21%)
NOPAT = -63.9m (EBIT -80.8m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.24 (Total Current Assets 120.5m / Total Current Liabilities 53.8m)
Debt / Equity = 0.11 (Debt 12.5m / totalStockholderEquity, last quarter 114.4m)
Debt / EBITDA = 0.80 (negative EBITDA) (Net Debt -64.4m / EBITDA -80.2m)
Debt / FCF = 0.56 (negative FCF - burning cash) (Net Debt -64.4m / FCF TTM -114.8m)
Total Stockholder Equity = 56.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -5.71% (Net Income -41.1m / Total Assets 258.3m)
RoE = -72.26% (Net Income TTM -41.1m / Total Stockholder Equity 56.9m)
RoCE = -116.4% (out of range, set to none) (EBIT -80.8m / Capital Employed (Equity 56.9m + L.T.Debt 12.5m))
RoIC = -100.2% (out of range, set to none) (NOPAT -63.9m / Invested Capital 63.7m)
WACC = 17.05% (E(445.2m)/V(457.7m) * Re(17.52%) + D(12.5m)/V(457.7m) * Rd(0.40%) * (1-Tc(0.21)))
Discount Rate = 17.52% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 36.14%
Fair Price DCF = unknown (Cash Flow -114.8m)
EPS Correlation: -15.77 | EPS CAGR: 30.16% | SUE: 2.16 | # QB: 1
Revenue Correlation: 87.37 | Revenue CAGR: 146.4% | SUE: 0.11 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.10 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=0.96 | Chg30d=+0.000 | Revisions Net=+0 | Growth EPS=+0.0% | Growth Revenue=-38.4%