Bakkt Holdings, Inc. (BKKT) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Bakkt Holdings, Inc. (BKKT) trades at $7.50 with AI Score 26/100 (Grade F). Bakkt Holdings, Inc. operates a digital asset platform, enabling users to buy, sell, convert, and spend digital assets. Market cap: $335M, Sector: Technology.
Price as of Aug 21, 2026 · Last analyzed: May 10, 2026Analyst Coverage for BKKT: BKKT does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates BKKT against Technology peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
BKKT: 1/3 scored disciplines lean bearish. Dominant signal: Growth Durability weak.
How is this calculated? →Why this analysis is different
- A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Bakkt Holdings, Inc. (BKKT) Technology Profile & Competitive Position
Bakkt Holdings, Inc. operates a digital asset platform, facilitating cryptocurrency and digital asset management for consumers, merchants, and financial institutions. The company distinguishes itself through strategic alliances aimed at expanding cryptocurrency redemption options and banking-as-a-service offerings within the evolving digital finance landscape.
What Is the Investment Thesis for BKKT?
Bakkt Holdings, Inc. presents an investment opportunity within the expanding digital asset market. The company's strategic focus on enabling cryptocurrency redemption and banking-as-a-service offerings positions it to capitalize on the increasing adoption of digital assets. A key value driver is the company's ability to forge strategic alliances, such as the one with Global Payments, to expand its reach and integrate its platform into existing financial ecosystems. However, the company's negative profit margin of -4.5% indicates potential challenges in achieving profitability. The high beta of 6.05 suggests significant volatility. Upcoming catalysts include further expansion of its banking-as-a-service offerings and potential new partnerships to broaden its customer base. Investors should closely monitor the company's progress in achieving profitability and managing market volatility.
Based on FMP financials and quantitative analysis
BKKT Key Highlights
Operates a digital asset platform enabling users to buy, sell, convert, and spend digital assets.
- Strategic alliance with Global Payments to enable cryptocurrency redemption in customer loyalty programs.
- Serves merchants, retailers, and financial institutions, providing access to digital asset solutions.
- Gross Margin of 65.2% indicates a strong ability to generate profit from revenue.
- Market Cap of $335M reflects its current valuation in the digital asset market.
Who Are BKKT's Competitors?
BKKT is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| COIN Coinbase Global, Inc. | $171.73 | +7.20% | $45.3B | 31 |
| SQ Block, Inc. | $83.46 | +0.57% | $51.7B | 50 |
| PYPL PayPal Holdings, Inc. | $62.18 | +1.51% | $53.2B | 88 |
| CINT CI&T Inc. | $3.67 | -0.27% | $472M | 66 |
| XNDU Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares | $10.11 | -2.51% | $229M | 67 |
| OSPN OneSpan Inc. | $15.58 | -1.23% | $577M | 83 |
| CCSI Consensus Cloud Solutions, Inc. | $37.09 | -2.69% | $682M | 84 |
| JNVR Janover Inc. | $79.31 | -3.61% | $158M | 65 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are BKKT's Key Strengths?
Strategic alliance with Global Payments.
- Proprietary digital asset platform.
- First-mover advantage in cryptocurrency redemption.
- Strong gross margin of 65.2%.
What Are BKKT's Weaknesses?
Negative profit margin of -4.5%.
- High beta of 6.05 indicating high volatility.
- Relatively small market capitalization of $335M.
- Reliance on partnerships for growth.
What Could Drive BKKT Stock Higher?
Expansion of banking-as-a-service (BaaS) offerings to financial institutions.
- Strategic partnerships with loyalty programs to enable cryptocurrency redemption.
- Potential new product launches in the digital asset space.
- Expansion into new geographic markets with growing cryptocurrency adoption.
What Are the Key Risks for BKKT?
Weak fundamentals — a Piotroski F-Score of 1/9 flags soft profitability, leverage or efficiency.
- Regulatory changes impacting the digital asset industry.
- Increasing competition from established cryptocurrency exchanges.
- Fluctuations in cryptocurrency prices affecting platform usage.
- Dependence on partnerships for growth and market penetration.
What Are the Growth Opportunities for BKKT?
- Expansion of Banking-as-a-Service (BaaS) Offerings: Bakkt can leverage its existing infrastructure to expand its BaaS offerings, providing financial institutions with tools to integrate cryptocurrency services into their platforms. The BaaS market is projected to reach $11.3 billion by 2031, offering a significant growth opportunity for Bakkt. Timeline: Ongoing, with continuous development and integration of new features.
- Strategic Partnerships with Loyalty Programs: Bakkt's alliance with Global Payments to enable cryptocurrency redemption in loyalty programs can be replicated with other major loyalty programs. The global loyalty management market is expected to reach $9.9 billion by 2027. Timeline: Within the next 1-2 years, focusing on securing partnerships and integrating with existing loyalty platforms.
- Geographic Expansion into New Markets: Bakkt can expand its operations into new geographic markets, particularly in regions with growing cryptocurrency adoption. Emerging markets in Asia and Latin America present significant opportunities for growth. Timeline: Within the next 2-3 years, conducting market research and establishing partnerships in target regions.
- Development of New Digital Asset Products and Services: Bakkt can innovate and develop new digital asset products and services, such as cryptocurrency-backed loans or decentralized finance (DeFi) solutions, to cater to evolving customer needs. The DeFi market is projected to reach $800 billion by 2028. Timeline: Ongoing, with continuous research and development of new product offerings.
- Integration with E-commerce Platforms: Bakkt can integrate its platform with major e-commerce platforms, enabling consumers to use cryptocurrency for online purchases. Timeline: Within the next 1-2 years, focusing on securing partnerships with e-commerce platforms and integrating payment solutions.
What Are BKKT's Competitive Advantages?
- Strategic alliances with established players like Global Payments.
- Proprietary technology platform for managing digital assets.
- First-mover advantage in providing cryptocurrency redemption solutions.
- Integration with Intercontinental Exchange Holdings, Inc. ecosystem.
What Does BKKT Do?
Bakkt Holdings, Inc., founded in 2018 and headquartered in Alpharetta, Georgia, operates a digital asset platform designed to enable consumers to buy, sell, convert, and spend digital assets. Originally known as VPC Impact Acquisition Holdings, the company rebranded to Bakkt Holdings, Inc. to reflect its focus on the burgeoning digital asset market. Bakkt's platform serves a diverse clientele, including merchants, retailers, and financial institutions, providing them with tools and services to participate in the digital economy. The company's core offering revolves around providing a seamless and secure environment for managing digital assets. Bakkt's strategic alliance with Global Payments exemplifies its commitment to expanding the utility of digital assets, specifically through cryptocurrency redemption in customer loyalty programs offered by bankcard clients. This collaboration extends to banking-as-a-service offerings, aiming to provide broader consumer access to cryptocurrency. As a subsidiary of Intercontinental Exchange Holdings, Inc., Bakkt leverages the resources and expertise of its parent company to navigate the complexities of the digital asset space and drive innovation in financial technology.
What Products and Services Does BKKT Offer?
- Operates a digital asset platform.
- Enables users to buy, sell, convert, and spend digital assets.
- Provides cryptocurrency redemption in customer loyalty programs.
- Offers banking-as-a-service solutions.
- Serves merchants, retailers, and financial institutions.
- Facilitates access to cryptocurrency for consumers.
How Does BKKT Make Money?
- Transaction fees from buying, selling, and converting digital assets.
- Subscription fees for access to platform features and services.
- Revenue from banking-as-a-service offerings.
- Partnerships and integrations with loyalty programs and financial institutions.
What Industry Does BKKT Operate In?
Bakkt Holdings, Inc. operates within the rapidly evolving digital asset and cryptocurrency industry. The market is characterized by increasing adoption of digital currencies and blockchain technology across various sectors, including finance, retail, and technology. The competitive landscape includes established cryptocurrency exchanges, fintech companies, and traditional financial institutions entering the digital asset space. Bakkt's focus on providing a platform for merchants, retailers, and financial institutions positions it to capitalize on the growing demand for digital asset solutions and services. The industry is subject to regulatory changes and technological advancements, requiring companies like Bakkt to adapt and innovate to remain competitive.
Who Are BKKT's Key Customers?
- Merchants seeking to accept cryptocurrency payments.
- Retailers looking to integrate digital assets into loyalty programs.
- Financial institutions offering cryptocurrency services to customers.
- Consumers interested in buying, selling, and managing digital assets.
Company Profile
Bakkt Holdings, Inc. operates in the Software - Infrastructure industry within the Technology sector. It is headquartered in Atlanta, United States.
Bakkt Holdings, Inc. Financial Trajectory
Bakkt Holdings, Inc. (BKKT) reported $170.1M in revenue for Q2 2026, a decline of 30.2% compared to the prior quarter. The company recorded net income of $80.8M, with diluted EPS of $1.94. Revenue has contracted over three consecutive quarters, which investors in this small-cap Technology stock should monitor closely. Across the four most recent quarters, BKKT averaged $-1.87 in diluted EPS.
How Bakkt Holdings, Inc. Is Valued
Bakkt Holdings, Inc. carries a market capitalization of $335M, placing it in the small-cap category. Relative to its peer group, BKKT's quantitative score of 26/100 is below the peer average of 60/100.
Key Financial Metrics
Return on assets is -59.3%, showing how much profit it generates from its asset base. Its free cash flow yield is -18.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 4.13 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -121.1%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Bakkt Holdings, Inc.'s Piotroski F-Score is 1/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 3.90 places it in the safe zone, indicating low near-term bankruptcy risk.
Forward Outlook
Wall Street analysts project Bakkt Holdings, Inc. revenue of about $2.38B for fiscal 2026, with EPS near $0.29.
BKKT Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Bakkt has recently seen increased insider buying, indicating confidence from leadership in the company's future.
- Community sentiment has turned positive as more discussions around cryptocurrency adoption have emerged, aligning with Bakkt's offerings.
- Recent partnerships and collaborations have been highlighted, showcasing Bakkt's commitment to expanding its ecosystem and user base.
- Market perception is shifting favorably as Bakkt positions itself as a key player in the digital asset space, attracting attention from investors.
Bear Case
- Despite recent optimism, there are lingering concerns about the overall volatility of the cryptocurrency market, which can impact Bakkt's performance.
- Some community members express skepticism over Bakkt's ability to differentiate itself in a competitive landscape filled with established players.
- Negative sentiment arises from regulatory uncertainties surrounding cryptocurrency, which could pose risks to Bakkt's operations and growth.
- Recent earnings reports have not met market expectations, leading to a cautious outlook among some investors in the community.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $170M | $81M | $1.94 |
| Q1 2026 | $244M | -$12M | -$0.87 |
| Q4 2025 | $299M | -$85M | -$6.37 |
| Q3 2025 | $402M | -$15M | -$2.19 |
Based on FMP financials and quantitative analysis
BKKT Latest News
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12 Financials Stocks Moving In Monday's Intraday Session
benzinga · Sep 22, 2025
BKKT Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for BKKT.
Price Targets
Wall Street price target analysis for BKKT.
BKKT MoonshotScore
What does this score mean?
The MoonshotScore rates BKKT 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Akshay Naheta
CEO
Akshay Naheta is the CEO of Bakkt Holdings, Inc. His background includes extensive experience in the financial services and investment sectors. Prior to joining Bakkt, he held leadership positions at various investment firms, focusing on strategic investments and portfolio management. His expertise spans across financial technology, digital assets, and capital markets. He is responsible for driving Bakkt's strategic vision and growth initiatives.
Track Record: Since assuming the role of CEO, Akshay Naheta has focused on expanding Bakkt's platform capabilities and forging strategic alliances to drive adoption of digital assets. Key achievements include the partnership with Global Payments to enable cryptocurrency redemption in loyalty programs and the ongoing development of banking-as-a-service offerings. He is focused on navigating the evolving regulatory landscape and positioning Bakkt for long-term growth.
Common Questions About BKKT (Technology)
What does the AI Score mean for BKKT?
BKKT holds an AI Score of 26/100 (Grade: F). This is an educational research signal, not a buy or sell recommendation. Bakkt Holdings, Inc. operates a digital asset platform, enabling users to buy, sell, convert, and spend digital assets. The company focuses on serving merchants, retailers, and financial …
What does Bakkt Holdings, Inc. do?
Bakkt Holdings, Inc. operates a digital asset platform that enables consumers, merchants, and financial institutions to engage with cryptocurrencies and other digital assets. The company's platform facilitates the buying, selling, converting, and spending of digital assets.
What do analysts say about BKKT stock?
Analyst coverage of BKKT stock is limited, but generally focuses on the company's growth potential within the expanding digital asset market. Key valuation metrics include market capitalization and revenue growth. Analysts consider Bakkt's strategic partnerships and expansion of its banking-as-a-service offerings as potential growth drivers.
What are the main risks for BKKT?
The main risks for Bakkt Holdings, Inc. include regulatory uncertainty surrounding digital assets, increasing competition from established cryptocurrency exchanges and fintech companies, and fluctuations in cryptocurrency prices. Regulatory changes could impact the company's ability to operate and offer its services. Intense competition may put pressure on pricing and market share.
What are the key factors to evaluate for BKKT?
Bakkt Holdings, Inc. (BKKT) holds an AI score of 26/100 (low). presents an investment opportunity within the expanding digital asset market. Not financial advice.
How frequently does BKKT data refresh on this page?
BKKT's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven BKKT's recent stock price performance?
Bakkt Holdings, Inc. (BKKT) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strategic alliance with Global Payments. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider BKKT overvalued or undervalued right now?
Bakkt Holdings, Inc. (BKKT) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research BKKT before investing?
Before investing in Bakkt Holdings, Inc. (BKKT), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- Financial metrics are based on the most recent reports.
- Market projections are based on industry reports and forecasts.