Bakkt Holdings Ratios (2020-2025) | BKKT

Ratios Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025
Profitability
Gross Margin 94.73%96.83%96.27%94.19%96.51%96.31%96.00%94.97%4.55%7.49%8.21%2.65%3.57%1.10%3.74%1.89%2.91%1.34%
EBT Margin -353.55%-373.91%-315.41%-370.72%-233.28%-12,057.47%-2,067.52%-339.22%-14.49%-25.16%-36.66%-2.47%-6.95%-1.23%-2.66%1.52%-5.21%-5.37%
EBIT Margin -348.80%-369.14%-326.65%-386.90%-310.30%-12,070.70%-2,086.85%-343.81%-14.70%-25.81%-36.59%-3.73%-4.32%-7.95%-1.11%-1.72%-3.20%-6.28%
EBITDA Margin -335.30%-352.64%-326.65%-382.91%-305.32%-12,063.88%-2,077.42%-336.24%-14.32%-25.13%-35.94%-3.71%-4.30%-7.91%-1.11%-1.70%-3.16%-6.23%
Operating Margin -348.80%-369.14%-326.65%-386.90%-310.30%-12,070.70%-2,086.85%-343.81%-14.70%-25.81%-36.59%-3.73%-4.32%-7.95%-1.11%-1.72%-3.20%-6.28%
Net Margin -353.84%-375.81%-315.54%-345.68%-196.94%-12,052.89%-2,051.95%-339.35%-14.53%-25.27%-36.68%-2.49%-6.96%-0.80%-2.66%1.51%-5.22%-0.40%
FCF Margin -61.73%-289.48%-277.27%-312.15%-199.28%-385.51%-9.66%11.10%-3.89%4.28%-13.01%-8.10%1.69%-9.43%0.92%-11.60%
Efficiency
Assets Average 334.94M338.50M208.53M208.34M1,296.12M2,441.07M1,688.34M667.02M434.41M718.53M935.24M556.02M920.42M1,409.22M1,212.82M726.05M222.86M183.24M224.20M
Equity Average 196.67M196.67M5.00M-18.57M1,111.58M2,244.98M1,441.75M497.45M317.17M279.07M235.48M173.39M133.30M116.73M102.29M82.42M72.21M69.69M93.19M
Invested Capital 5.00M390.19M5.00M5.00M-42.14M2,265.65M2,225.30M659.73M337.24M298.77M259.88M211.07M135.71M130.88M102.58M101.99M62.85M81.56M80.13M128.56M
Asset Utilization Ratio 0.030.020.030.080.130.540.621.401.761.271.564.8416.7720.7617.35
Leverage & Solvency
Debt to Equity 0.000.000.000.000.000.000.39
Debt Ratio 0.000.000.000.000.000.000.12
Equity Ratio 0.020.830.020.02-0.200.950.890.750.740.720.250.250.510.080.080.090.230.460.300.50
Valuation
Enterprise Value 258.96M165.73M249.91M418.97M443.64M3,040.20M2,026.16M796.16M439.18M595.62M402.09M366.54M615.21M121.20M227.29M116.58M303.66M113.61M155.14M637.68M
Market Capitalization 258.96M261.29M336.66M485.59M482.25M1,621.11M553.84M499.03M314.20M456.78M335.39M321.28M612.50M147.91M254.03M129.35M338.64M118.87M194.06M725.18M
Return Ratios
Return on Sales -3.47%-2.98%-34.59%-35.73%-35.33%-5.17%-0.81%-0.29%-0.12%-0.10%-0.07%-0.03%-0.02%-0.02%-0.02%
Return on Capital Employed -0.11%-0.07%-1.14%-3.51%-5.76%820.03%-1.41%-0.50%0.45%-0.56%-0.92%-0.17%-0.52%-0.92%-0.48%
Return on Invested Capital -0.12%-0.06%-1.18%-4.03%-6.31%-7.23%-2.04%
Return on Assets -0.10%-0.05%-1.00%-2.98%-4.58%-2.80%-0.51%-0.41%-0.22%-0.13%-0.11%-0.15%-0.32%-0.36%-0.29%
Return on Equity -0.12%-0.06%-1.17%-4.00%-6.28%-7.22%-2.01%-1.30%-1.52%-1.60%-1.35%-1.31%-0.98%-0.94%-0.69%