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Company Analysis

Bakkt Holdings, Inc. BKKT

A comprehensive view of key metrics, scores, and financial health for Bakkt Holdings, Inc.

Overview of Bakkt Holdings, Inc.

BKKT NYQ
Technology Software - Infrastructure Micro Cap
Bakkt Holdings, Inc. (BKKT), is a Micro Cap company, in the Software - Infrastructure industry, last closed at $9.45, about 4718.1% undervalued vs fair value, -26.3% 1Y return, ranked 467/761 in sector.
$9.45
2.61%
As of March 13, 2026
Previous close • Vol 90d: 134.9%
52-Week Range
Market Cap
$288.81M
Enterprise Value
$237.91M
Overall Score
Scores locked

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Top Beats
No strong beats yet

Quick Facts

Website https://www.bakkt.com
HQ New York, NY
Employees 559
Fiscal year Dec 31

Next Events

Earnings Mar 19 Estimated

Fair Value Snapshot

Bear Base Bull
$413
$455
$504
Current: $9.45 +4718% vs base

Engine Room Money Flow™

Micro Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$3.5B
347.4%%
Gross Profit
$87.0M
41.2%%
Operating Income
$-83.7M
34.7%%
Net Income
$-46.7M
37.7%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio
52.1%
Fair

FCF / Net Income - measures how well earnings convert to cash

Locked Metric
-
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Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
1
Active Leaks
0/1
Improving
0
High Impact
1
Critical
Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Bakkt Holdings, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
31
/100
Developing
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Weak
22
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Software SaaS vs Industry Peers 88% Coverage
Trade-Off Triangle Visualization A ternary plot showing BKKT's balance between Growth (52.3%), Profitability (15.7%), and Safety (32.1%). Growth 52% Safety 32% Profitability 16%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

93th percentile vs peers
93
Key Signals
Rev Growth YoY 3.47 98p Revenue CAGR 3Y 3.54 98p EPS Growth YoY 62.1% 71p
Strengths
  • Growth performance in top 20% of peers (percentile: 93)
  • Rev Growth Yoy in top 20% of peers (3.47, 98th percentile)
  • Revenue Cagr 3Y in top 20% of peers (3.54, 98th percentile)
  • Strong liquidity position vs peers
  • Conservative leverage compared to industry peers
Risks

No significant risks identified for this axis.

Profitability

27th percentile vs peers
28
Key Signals
Strengths
Risks
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Safety

57th percentile vs peers
57
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Bakkt Holdings, Inc..

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$455.31
- - -
+4718.1% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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