BKKT Bakkt, Inc. - Fundamental Analysis
BEARISH
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BKKT Stock | Fundamental Analysis & Investment Insights
NYSE
Technology
Software - Infrastructure
Current Price
Live
$15.22
Analyst Target
$40.0
+162.8%
Upside
52W High
$49.79
52W Low
$6.81
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Jan 24, 2026
Market cap
$388.33M
P/E
N/A
ROE
-67.5%
Profit margin
-1.1%
Debt/Equity
0.1
Dividend yield
N/A
AI Analysis
Powered by advanced machine learning algorithms
Confidence Score
75%
Analysis Accuracy
BKKT exhibits severe financial distress with a Piotroski F-Score of 0/9, indicating extremely weak fundamental health. Despite strong year-over-year revenue growth of 27.10% and a low Price/Sales ratio of 0.10, the company remains deeply unprofitable with negative gross, operating, and net margins, and an alarming ROE of -67.52%. The absence of a valid Altman Z-Score due to structural or data limitations, combined with volatile and inconsistent earnings surprises, raises concerns about sustainability. While the current price of $15.22 is far below the analyst target of $40.00, the lack of profitability, deteriorating insider sentiment, and poor long-term price performance (-96% over 5 years) undermine any near-term recovery thesis.
Key Strengths
Strong year-over-year revenue growth of 27.10% in a challenging sector
Low Price/Sales ratio of 0.10 suggests potential undervaluation relative to sales
Healthy balance sheet liquidity with a current ratio of 2.24 and quick ratio of 1.41
Low debt burden with a Debt/Equity ratio of 0.10, below sector average
One analyst maintains a $40.00 price target, implying significant upside potential
Key Risks
Piotroski F-Score of 0/9 indicates critical financial weakness and high risk of operational failure
Persistent unprofitability with negative gross margin (-1.32%) and operating margin (-4.89%)
Extreme volatility in earnings with large negative surprises and inconsistent reporting
ROE of -67.52% reflects severe erosion of shareholder value
Insider selling activity over the past six months signals lack of confidence from management
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
25
Weak
55
40
20
10
0
AI Verdict
High-risk speculative position with unproven fundamentals
Key drivers: Piotroski F-Score of 0/9, Negative profitability across all margins, High revenue growth and low valuation multiples, Bearish insider activity, Single analyst coverage with aggressive target
Confidence
70%
Value
55/100
Ref P/E, PEG, Graham Number
Positives
- Price/Sales of 0.10 is exceptionally low
- Forward P/E of 15.85 is below sector average of 84.87
Watchpoints
- No Graham Number or intrinsic value available
- P/E and PEG ratios unavailable due to unprofitability
Future
40/100
Ref Growth rates
Positives
- Revenue growth of 27.10% YoY is above some peers
- Most recent Q/Q EPS growth of +181.5% shows potential turnaround
Watchpoints
- Earnings growth YoY is -69.2%, indicating deterioration
- No consistent earnings trajectory; high volatility in surprises
Past
20/100
Ref Historical trends
Positives
- Recent 1-month price increase of +40.9%
Watchpoints
- 5-year price change of -96.0% indicates massive value destruction
- 1-year return of -51.6%, underperforming peers
- Highly erratic quarterly earnings performance
Health
10/100
Ref Altman Z-Score, Piotroski F-Score
Positives
- Current ratio of 2.24 and quick ratio of 1.41 indicate short-term liquidity
- Low Debt/Equity of 0.10 suggests minimal leverage risk
Watchpoints
- Piotroski F-Score of 0/9 signals critical financial weakness
- ROA of -6.10% and ROE of -67.52% reflect poor asset and equity efficiency
- Altman Z-Score unavailable, increasing uncertainty
Dividend
0/100
Ref Yield, Payout
Positives
No standout positives identified.
Watchpoints
- Dividend Strength of 0/100
- No dividend yield or payout history
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$15.22
Analyst Target
$40.0
Upside/Downside
+162.8%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for BKKT and closest competitors.
Updated 2026-01-23
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
BKKT
Bakkt, Inc.
Primary
|
-96.0% | -65.4% | -51.6% | -15.7% | +40.9% | -28.9% |
|
BGIN
Bgin Blockchain Limited
Peer
|
-29.5% | -29.5% | -29.5% | -29.5% | +31.4% | -1.0% |
|
AIOT
PowerFleet, Inc.
Peer
|
-65.4% | +1.0% | -44.7% | -40.4% | -22.3% | -7.7% |
|
APPS
Digital Turbine, Inc.
Peer
|
-95.8% | -66.2% | +11.9% | -22.9% | -18.4% | -13.2% |
|
API
Agora, Inc.
Peer
|
-94.3% | +22.4% | -27.2% | +1.3% | -10.3% | -11.8% |
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
N/A
Forward P/E
15.85
PEG Ratio
N/A
P/B Ratio
2.19
P/S Ratio
0.1
EV/Revenue
0.08
EV/EBITDA
-4.65
Market Cap
$388.33M
Profitability
Profit margins and return metrics
Profit Margin
-1.06%
Operating Margin
-4.89%
Gross Margin
-1.32%
ROE
-67.52%
ROA
-6.1%
Growth
Revenue and earnings growth rates
Revenue Growth
+27.1%
Earnings Growth
N/A
Q/Q Revenue Growth
N/A
Q/Q Earnings Growth
N/A
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
0.1
Low debt
Current Ratio
2.24
Strong
Quick Ratio
1.41
Good
Cash/Share
$2.73
Quarterly Earnings History
EPS performance vs analyst estimates
2026-03-19
$N/A
2025-11-10
$2.47
+593.7% surprise
2024-11-14
$-3.03
-89.7% surprise
2024-08-14
$0.37
+121.2% surprise
Technology Sector Comparison
Comparing BKKT against 149 companies in the Technology sector
(10 bullish, 66 neutral, 73 bearish)
Return on Equity (ROE)
-67.52%
This Stock
vs
-8.13%
Sector Avg
+730.5%
(Excellent)
Profit Margin
-1.06%
This Stock
vs
-7.75%
Sector Avg
-86.3%
(Weaker)
Debt to Equity
0.1
This Stock
vs
0.76
Sector Avg
-87.3%
(Less Debt)
Revenue Growth
27.1%
This Stock
vs
56.87%
Sector Avg
-52.3%
(Slower)
Current Ratio
2.24
This Stock
vs
3.33
Sector Avg
-32.8%
(Weaker)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
BKKT
Bakkt, Inc.
|
BEARISH | $388.33M | - | -67.5% | -1.1% | $15.22 | |
|
BGIN
Bgin Blockchain Limited
|
BEARISH | $395.52M | - | -32.7% | -28.2% | $3.5 | |
|
AIOT
PowerFleet, Inc.
|
BEARISH | $419.88M | - | -6.4% | -7.0% | $3.13 | |
|
APPS
Digital Turbine, Inc.
|
BEARISH | $426.84M | - | -27.5% | -9.1% | $3.56 | |
|
API
Agora, Inc.
|
NEUTRAL | $344.03M | 9.57 | 1.7% | 6.8% | $3.83 |
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2025-12-19 | HENDERSON JOSEPH SEAN-WALSH | Officer | Sale | 2,461 | $24,635 |
| 2025-12-03 | INTERCONTINENTAL EXCHANGE, INC. | Beneficial Owner of more than 10% of a Class of Security | Stock Award | 465,890 | - |
| 2025-11-19 | ALFRED MICHAEL | Director | Stock Award | 9,000 | - |
| 2025-11-14 | NAHETA AKSHAY SUDHIR | Chief Executive Officer | Stock Award | 803,861 | - |
| 2025-11-12 | HENDERSON JOSEPH SEAN-WALSH | Officer | Sale | 264 | $5,415 |
| 2025-11-12 | D'ANNUNZIO MARC | General Counsel | Option Exercise | 1,677 | $16,770 |
| 2025-11-12 | ALEXANDER KAREN | Chief Financial Officer | Option Exercise | 335 | $3,350 |
| 2025-11-12 | BAES NICHOLAS | Chief Operating Officer | Option Exercise | 671 | $6,710 |
| 2025-11-12 | NAHETA AKSHAY SUDHIR | Chief Executive Officer | Option Exercise | 33,557 | $335,570 |
| 2025-11-03 | INTERCONTINENTAL EXCHANGE, INC. | Beneficial Owner of more than 10% of a Class of Security | Stock Award | 6,803,178 | - |
| 2025-11-03 | INTERCONTINENTAL EXCHANGE, INC. | Beneficial Owner of more than 10% of a Class of Security | Stock Award | 6,803,178 | - |
| 2025-11-03 | D'ANNUNZIO MARC | General Counsel | Stock Award | 48,188 | - |
| 2025-11-03 | NAHETA AKSHAY SUDHIR | Chief Executive Officer | Stock Award | 69,733 | $1,874,423 |
| 2025-10-30 | ALFRED MICHAEL | Director | Stock Award | 139 | - |
| 2025-08-22 | NAHETA AKSHAY SUDHIR | Chief Executive Officer | Purchase | 180,000 | $1,474,404 |
Insider transactions can signal confidence or concerns about company prospects
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
NONE
1 analysts
Benchmark
2025-09-08
Buy
Past News Coverage
Recent headlines mentioning BKKT from our newsroom.
Newest → oldest
No matching news yet.