Transaction Revenue was the largest of Bakkt, Inc.’s 2 reported lines in fiscal 2025, at $7.01B — 100% of $7.01B.
| Product and Service | FY 2020 | FY 2021 | FY 2022 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Transaction Revenue | $88.62M | $10.32B | $7.01B | ||
| Transaction Revenue, Net | — | — | — | ||
| Subscription & Service Revenue | $80.05M | $240.00K | $150.00K | ||
| Total | $168.67M | $10.32B | $7.01B |
In fiscal 2025, which ended December 31, 2025, the 2 revenue lines Bakkt, Inc. reported in this breakdown added up to $7.01B. That was down 32.1% from $10.32B in fiscal 2024. Transaction Revenue was the largest revenue line, at $7.01B or 100.0% of the total, followed by Subscription & Service Revenue ($150.00K, 0.0%).
Over fiscal 2022 to 2025, revenue across these revenue lines went from $168.67M to $7.01B, a compound annual growth rate of 246.3%. Transaction Revenue's share of the total rose from 52.5% to 100.0% over the same years.
The table also keeps 1 revenue line that Bakkt, Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 1 discontinued" beneath the table to see them. This breakdown covers 5 fiscal years between 2020 and 2025, as reported in Bakkt, Inc.'s annual filings.
Bakkt, Inc. (BKKT) breaks its revenue down by revenue line. In fiscal 2025, its largest revenue line was Transaction Revenue, with $7.01B or 100.0% of the total, followed by Subscription & Service Revenue at $150.00K (0.0%).
Transaction Revenue was Bakkt, Inc.'s largest revenue line in fiscal 2025, with $7.01B in revenue, 100.0% of the $7.01B reported across its 2 revenue lines.
Every figure is taken from Bakkt, Inc.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by revenue line covers fiscal 2020 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.