BKKT
BEARISH
$8.93
Live
Bakkt, Inc. · NYSE
Target $22.0
(+146.4%)
$6.81
52W Range
$49.79
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Mar 19, 2026
Market cap
$272.92M
P/E
N/A
ROE
-111.2%
Profit margin
-4.6%
Debt/Equity
0.03
Dividend yield
N/A
AI Analysis
AI-powered fundamental assessment
Confidence
85%
BKKT exhibits severe financial distress with a Piotroski F-Score of 0/9, indicating extreme operational and financial weakness. The company reports negative profitability across all key margins, a negative ROE of -111.21%, and a staggering 83.4% year-over-year revenue decline, signaling deteriorating business fundamentals. Despite a relatively low debt-to-equity ratio and healthy current ratios, the absence of positive cash flow, lack of earnings sustainability, and massive insider selling undermine financial health. The stock trades at a steep discount to its 52-week high but remains overvalued relative to its current earnings and growth trajectory, with no intrinsic value or Graham Number available. Analysts have only one coverage, with a target price of $22.00, suggesting limited conviction.
Key Strengths
Low debt-to-equity ratio (0.03) indicates minimal leverage risk
Healthy current ratio (2.19) and quick ratio (1.19) suggest short-term liquidity
Recent quarterly earnings surprises have been highly positive (e.g., +593.7%, +584.5%)
Insider selling, while bearish, has been limited in volume and may reflect personal liquidity needs
Trading at a significant discount to 52-week high ($8.93 vs $49.79), offering potential recovery play
Key Risks
Piotroski F-Score of 0/9 signals extreme financial distress and operational failure
Negative ROE (-111.21%) and ROA (-33.22%) indicate severe capital destruction
83.4% YoY revenue decline reflects a collapsing business model or market exit
No free cash flow or operating cash flow data available, raising liquidity concerns
Insider selling of $0.23M in last 6 months, with 4 sales from officers and general counsel, signals lack of confidence
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
15
Weak
30
15
20
10
0
AI Verdict
High Risk
Key drivers: Piotroski F-Score of 0/9, Negative profitability and revenue collapse, No sustainable cash flow, High insider selling, Lack of analyst coverage and consensus
Confidence
90%
Value
30/100
Ref P/E, PEG, Graham Number
Positives
- Price/Sales of 0.12 is extremely low, suggesting deep undervaluation on revenue basis
- Trading at 18% of 52-week high, offering potential recovery upside
Watchpoints
- No Graham Number or intrinsic value available due to negative earnings and no growth stability
- Forward P/E of 9.30 is meaningless given negative earnings history and negative ROE
- Price/Book of 2.02 is elevated relative to negative equity and losses
Future
15/100
Ref Growth rates
Positives
- Recent quarterly earnings surprises have been exceptionally positive (e.g., +584.5%)
- Q/Q EPS growth of +181.5% suggests possible turnaround momentum
Watchpoints
- 83.4% YoY revenue decline indicates fundamental business deterioration
- No forward earnings guidance or growth sustainability
- Negative ROIC and lack of cash flow data prevent confidence in future returns
Past
20/100
Ref Historical trends
Positives
- Historical earnings surprises have been highly volatile but occasionally massive (e.g., +593.7%, +584.5%)
- Some quarters show strong earnings recovery from deep losses
Watchpoints
- 2022-11-10 earnings surprise of -5023.7% reflects extreme volatility and potential data issues
- Negative earnings in 11 of 13 quarters, including multiple losses exceeding $100M
- Consistent negative margins and declining revenue trend
Health
10/100
Ref Altman Z-Score, Piotroski F-Score
Positives
- Debt/Equity of 0.03 is very low, indicating minimal financial leverage
- Current ratio of 2.19 and quick ratio of 1.19 suggest short-term solvency
Watchpoints
- Piotroski F-Score of 0/9 is the lowest possible, indicating complete failure on financial health criteria
- No Altman Z-Score available, but negative ROE and ROA suggest distress risk
- Negative ROE and ROA indicate capital destruction and poor asset utilization
Dividend
0/100
Ref Yield, Payout
Positives
No standout positives identified.
Watchpoints
- No dividend yield, rate, or payout ratio available
- Dividend Strength of 0/100 confirms no dividend policy
- Negative earnings and ROE make dividend payment impossible
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$8.93
Analyst Target
$22.0
Upside/Downside
+146.4%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for BKKT and closest competitors.
Updated 2026-03-18
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
BKKT
Bakkt, Inc.
Primary
|
-97.4% | -73.7% | -4.3% | -7.7% | -13.0% | -3.9% |
|
CURR
CURRENC Group Inc.
Peer
|
-18.4% | -18.4% | +135.1% | +107.6% | +56.4% | +23.7% |
|
AVNW
Aviat Networks, Inc.
Peer
|
+10.8% | -30.8% | +8.6% | -8.8% | -1.1% | -5.5% |
|
MRAM
Everspin Technologies, Inc.
Peer
|
+122.2% | +79.6% | +135.8% | +6.3% | +28.0% | +24.6% |
|
SVCO
Silvaco Group, Inc.
Peer
|
-56.9% | -56.9% | +93.9% | +53.1% | +40.8% | +17.8% |
BKK
Bakkt, Inc.
Primary
5Y
-97.4%
3Y
-73.7%
1Y
-4.3%
6M
-7.7%
1M
-13.0%
1W
-3.9%
CUR
CURRENC Group Inc.
Peer
5Y
-18.4%
3Y
-18.4%
1Y
+135.1%
6M
+107.6%
1M
+56.4%
1W
+23.7%
AVN
Aviat Networks, Inc.
Peer
5Y
+10.8%
3Y
-30.8%
1Y
+8.6%
6M
-8.8%
1M
-1.1%
1W
-5.5%
MRA
Everspin Technologies, Inc.
Peer
5Y
+122.2%
3Y
+79.6%
1Y
+135.8%
6M
+6.3%
1M
+28.0%
1W
+24.6%
SVC
Silvaco Group, Inc.
Peer
5Y
-56.9%
3Y
-56.9%
1Y
+93.9%
6M
+53.1%
1M
+40.8%
1W
+17.8%
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
9.3
PEG Ratio
N/A
P/B Ratio
2.02
P/S Ratio
0.12
EV/Revenue
0.09
EV/EBITDA
-1.78
Market Cap
$272.92M
Profitability
Profit margins and return metrics
Profit Margin
-4.59%
Operating Margin
-21.34%
Gross Margin
-4.35%
ROE
-111.21%
ROA
-33.22%
Growth
Revenue and earnings growth rates
Revenue Growth
-83.4%
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
0.03
Low debt
Current Ratio
2.19
Strong
Quick Ratio
1.19
Good
Cash/Share
$1.07
Financial Statement Flow
Interactive flow visualization showing how money moves through the company Q3 2025
Revenue
$0.4B
Gross Margin
1.3%
Op. Margin
-4.9%
Net Margin
-3.7%
Total Assets
$0.3B
Liabilities
$0.1B
Equity
$0.1B
Debt/Equity
1.13x
Operating CF
$-0.0B
CapEx
$-0.0B
Free Cash Flow
$-0.0B
FCF Yield
107%
Quarterly Earnings History
EPS performance vs analyst estimates
2026-05-11
$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 565 companies in the Technology sector
(45 bullish, 197 neutral, 323 bearish)
Return on Equity (ROE)
-111.21%
This Stock
vs
-33.47%
Sector Avg
+232.2%
(Excellent)
Profit Margin
-4.59%
This Stock
vs
-11.75%
Sector Avg
-60.9%
(Weaker)
Debt to Equity
0.03
This Stock
vs
0.74
Sector Avg
-96.5%
(Less Debt)
Revenue Growth
-83.4%
This Stock
vs
4383.21%
Sector Avg
-101.9%
(Slower)
Current Ratio
2.19
This Stock
vs
3.59
Sector Avg
-39.0%
(Weaker)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
BKKT
Bakkt, Inc.
|
BEARISH | $272.92M | - | -111.2% | -4.6% | $8.93 | |
|
CURR
CURRENC Group Inc.
|
BEARISH | $271.97M | - | -3504.0% | -84.7% | $3.55 | Compare |
|
AVNW
Aviat Networks, Inc.
|
NEUTRAL | $271.64M | 20.75 | 5.2% | 3.0% | $21.16 | Compare |
|
MRAM
Everspin Technologies, Inc.
|
NEUTRAL | $270.22M | - | -0.9% | -1.1% | $11.6 | Compare |
|
SVCO
Silvaco Group, Inc.
|
BEARISH | $268.19M | - | -47.1% | -65.3% | $8.53 | Compare |
BKKT
Bakkt, Inc.
BEARISH
Mkt Cap
$273M
P/E
-
ROE
-111.2%
Price
$8.93
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-02-24 | D'ANNUNZIO MARC | General Counsel | Sale | 785 | $7,924 |
| 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 | 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 |
| 2025-11-12 | HENDERSON JOSEPH SEAN-WALSH | Officer | Sale | 264 | $5,415 |
| 2025-11-03 | NAHETA AKSHAY SUDHIR | Chief Executive Officer | Stock Award | 69,733 | $1,874,423 |
| 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 | - |
| 2025-10-30 | ALFRED MICHAEL | Director | Stock Award | 139 | - |
D'ANNUNZIO MARC
General Counsel
2026-02-24
785 shares
·
$7,924
HENDERSON JOSEPH SEAN-WALSH
Officer
2025-12-19
2,461 shares
·
$24,635
INTERCONTINENTAL EXCHANGE, INC.
Beneficial Owner of more than 10% of a Class of Security
2025-12-03
465,890 shares
ALFRED MICHAEL
Director
2025-11-19
9,000 shares
NAHETA AKSHAY SUDHIR
Chief Executive Officer
2025-11-14
803,861 shares
D'ANNUNZIO MARC
General Counsel
2025-11-12
1,677 shares
·
$16,770
ALEXANDER KAREN
Chief Financial Officer
2025-11-12
335 shares
·
$3,350
BAES NICHOLAS
Chief Operating Officer
2025-11-12
671 shares
·
$6,710
NAHETA AKSHAY SUDHIR
Chief Executive Officer
2025-11-12
33,557 shares
·
$335,570
HENDERSON JOSEPH SEAN-WALSH
Officer
2025-11-12
264 shares
·
$5,415
NAHETA AKSHAY SUDHIR
Chief Executive Officer
2025-11-03
69,733 shares
·
$1,874,423
INTERCONTINENTAL EXCHANGE, INC.
Beneficial Owner of more than 10% of a Class of Security
2025-11-03
6,803,178 shares
INTERCONTINENTAL EXCHANGE, INC.
Beneficial Owner of more than 10% of a Class of Security
2025-11-03
6,803,178 shares
D'ANNUNZIO MARC
General Counsel
2025-11-03
48,188 shares
ALFRED MICHAEL
Director
2025-10-30
139 shares
Insider transactions can signal confidence or concerns about company prospects
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
NONE
1 analysts
Benchmark
2026-03-18
Buy
Buy
Past News Coverage
Recent headlines mentioning BKKT from our newsroom.
Newest → oldest
No matching news yet.