BKKT
Bakkt, Inc.
Company overview
- Market capitalization
- —
- Employees
- 48
- Latest publication
- 2026-09-29
About Bakkt, Inc.
Bakkt, Inc. engages in digital building financial infrastructure. The company offers Bakkt Market solutions which enables institutions to launch secure, compliant, and advanced digital asset brokerage, trading and payment capabilities through a plug-and-play platform; Bakkt Agent provides programmable access to Bakkt's financial infrastructure through an intelligent software layer that coordinates onboarding, account creation, funding, and global money movement; and Bakkt Global enables Bakkt to expand its technology and infrastructure into international markets through strategic investments in jurisdiction-specific entities operating in regulated financial markets. It also provides solutions that enable institutional participation in the digital asset economy. The company serves client, such as financial institutions, hedge funds, merchants, retailers, third party partners, and other businesses. It markets its products and services using various business-to-business channels, such as direct marketing, including email marketing and targeted digital advertisements; indirect marketing; and its website, blog, and social media platforms. The company offers its services in the United States, Latin America, Europe, and Asia. The company was formerly known as Bakkt Holdings, Inc. and changed its name to Bakkt, Inc. in January 2026. Bakkt, Inc. was founded in 2018 and is headquartered in New York, New York.
Financial statements
Income Quarterly
| Metric | Q2 20262026-06-30 · USD | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 170,100,000USD | 243,593,000USD | 299,173,000USD | 402,211,000USD | 577,882,000USD | 1,074,910,000USD | 1,797,321,000USD | 328,419,000USD |
| Net Income | 80,800,000USD | -11,650,000USD | -85,269,000USD | -14,918,000USD | -14,734,000USD | 7,710,000USD | -19,179,000USD | -2,893,000USD |
| Cost Of Revenue | — | 246,638,000USD | 347,242,000USD | 418,438,000USD | 27,094,000USD | 26,579,000USD | 1,766,693,000USD | 312,841,000USD |
| Gross Profit | — | -3,045,000USD | -48,069,000USD | -16,227,000USD | 550,788,000USD | 1,048,331,000USD | 30,628,000USD | 15,578,000USD |
| Selling General Administrative | — | 18,496,000USD | 64,474,000USD | 20,869,000USD | 30,684,000USD | 30,408,000USD | 28,142,000USD | 39,158,000USD |
| Unclassified Operating Expenses | — | -4,617,000USD | -48,708,000USD | -11,833,000USD | 538,593,000USD | 1,036,443,000USD | 14,165,000USD | 3,803,000USD |
| Total Operating Expenses | — | 13,879,000USD | 15,766,000USD | 9,036,000USD | 569,277,000USD | 1,066,851,000USD | 42,307,000USD | 42,961,000USD |
| Operating Income | — | -16,924,000USD | -63,835,000USD | -25,263,000USD | -18,489,000USD | -18,520,000USD | -11,679,000USD | -27,383,000USD |
| Interest Income | — | 185,000USD | — | — | — | 622,000USD | — | 1,014,000USD |
| Net Interest Income | — | 185,000USD | 273,000USD | -50,000USD | -53,000USD | 622,000USD | 1,103,000USD | 1,014,000USD |
| Income Before Tax | — | -11,638,000USD | -68,750,000USD | -21,579,000USD | -30,092,000USD | 16,288,000USD | -40,315,000USD | -6,405,000USD |
| Income Tax Expense | — | 12,000USD | -150,000USD | -25,000USD | 60,000USD | 49,000USD | 54,000USD | -114,000USD |
| Tax Provision | — | 12,000USD | -150,000USD | -25,000USD | 60,000USD | 49,000USD | 54,000USD | -114,000USD |
| Net Income From Continuing Ops | — | -11,650,000USD | -68,600,000USD | -21,554,000USD | -30,152,000USD | 16,239,000USD | -40,369,000USD | -6,291,000USD |
| Ebit | — | -16,924,000USD | -63,835,000USD | -19,676,000USD | -30,039,000USD | -18,292,000USD | -10,915,000USD | -26,357,000USD |
| Ebitda | — | -16,858,000USD | -63,755,000USD | -19,523,000USD | -29,885,000USD | -18,072,000USD | -10,853,000USD | -26,250,000USD |
| Depreciation And Amortization | — | 66,000USD | 80,000USD | 153,000USD | 154,000USD | 220,000USD | 62,000USD | 107,000USD |
| Reconciled Depreciation | — | 66,000USD | 80,000USD | 153,000USD | 154,000USD | 220,000USD | 62,000USD | 107,000USD |
| Total Other Income Expense Net | — | 5,286,000USD | -4,915,000USD | 3,684,000USD | -11,603,000USD | 34,808,000USD | -28,636,000USD | 20,978,000USD |
| Minority Interest | — | 0USD | 9,893,000USD | 8,238,000USD | 15,418,000USD | -8,529,000USD | 21,190,000USD | 3,398,000USD |
| Interest Expense | — | — | — | 50,000USD | 53,000USD | — | — | — |
| Source | DisclosurePreliminary | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Income Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD | FY 20202020-12-31 · USD | FY 20192019-12-31 · USD |
|---|---|---|---|---|---|---|---|
| Total Revenue | 2,335,243,000USD | 3,490,220,000USD | 780,136,000USD | 56,224,000USD | 39,437,000USD | 28,495,000USD | -864,000USD |
| Cost Of Revenue | 2,308,390,000USD | 3,403,207,000USD | 718,511,000USD | 167,611,000USD | 175,104,000USD | 58,633,000USD | 31,643,000USD |
| Gross Profit | 26,853,000USD | 87,013,000USD | 61,625,000USD | -113,044,000USD | -137,831,000USD | -30,138,000USD | -32,507,000USD |
| Selling General Administrative | 122,565,000USD | 144,235,000USD | 166,646,000USD | 185,946,000USD | 152,595,000USD | 3,318,999USD | 2,083,000USD |
| Unclassified Operating Expenses | 46,002,000USD | 35,694,000USD | 43,636,000USD | 44,240,000USD | 12,487,000USD | 39,862,001USD | 1,331,000USD |
| Total Operating Expenses | 168,567,000USD | 179,929,000USD | 289,515,000USD | 231,886,000USD | 187,882,000USD | 48,981,000USD | 3,948,000USD |
| Operating Income | -141,714,000USD | -92,916,000USD | -227,890,000USD | 1,647,637,000USD | -164,097,000USD | -79,119,000USD | -35,948,000USD |
| Net Interest Income | 791,000USD | 4,318,000USD | 4,541,000USD | 1,877,000USD | -236,000USD | 123,000USD | — |
| Income Before Tax | -97,707,000USD | -103,277,000USD | -225,368,000USD | -2,001,254,000USD | -242,363,000USD | -79,214,000USD | -33,175,000USD |
| Income Tax Expense | -49,000USD | 170,000USD | 444,000USD | -11,320,000USD | 295,000USD | 391,000USD | -199,000USD |
| Tax Provision | -49,000USD | 170,000USD | -2,075,000USD | -11,320,000USD | 11,149,000USD | 391,000USD | — |
| Net Income | -107,212,000USD | -46,659,000USD | -74,854,000USD | -1,989,934,000USD | -242,658,000USD | -79,605,000USD | -32,976,000USD |
| Net Income From Continuing Ops | -97,658,000USD | -103,447,000USD | -473,544,000USD | -1,989,934,000USD | -304,046,000USD | -79,605,000USD | — |
| Ebit | -141,714,000USD | -83,705,000USD | -128,219,000USD | 1,647,637,000USD | -164,097,000USD | -50,455,000USD | -35,948,000USD |
| Ebitda | -141,107,000USD | -83,362,000USD | -114,287,000USD | 1,672,987,000USD | -150,609,000USD | -43,382,000USD | -35,861,000USD |
| Depreciation And Amortization | 607,000USD | 343,000USD | 13,932,000USD | 25,350,000USD | 13,488,000USD | 7,073,000USD | 87,000USD |
| Reconciled Depreciation | 607,000USD | 343,000USD | 17,853,000USD | 25,350,000USD | 14,934,000USD | 7,973,000USD | — |
| Total Other Income Expense Net | 44,007,000USD | -10,361,000USD | 2,522,000USD | -3,648,891,000USD | -78,266,000USD | -95,000USD | 3,504,000USD |
| Minority Interest | 25,020,000USD | 56,788,000USD | 326,441,000USD | -1,411,829,000USD | — | — | — |
| Research Development | — | — | 1,800,000USD | 1,700,000USD | 4,000,000USD | 900,000USD | — |
| Selling And Marketing Expenses | — | — | 77,433,000USD | — | 18,800,000USD | 4,900,000USD | 534,000USD |
| Interest Expense | — | — | — | 1,877,000USD | 247,000USD | 118,807USD | 0USD |
| Non Operating Income Net Other | — | — | — | 15,782,000USD | — | — | — |
| Net Income Applicable To Common Shares | — | — | — | -578,105,000USD | -43,995,000USD | -79,605,000USD | -32,976,000USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Quarterly
| Metric | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD | Q2 20242024-06-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 213,380,000USD | 162,788,000USD | 258,262,000USD | 190,140,000USD | 176,346,000USD | 269,377,000USD | 1,182,729,000USD | 1,242,902,000USD |
| Intangible Assets | 5,550,000USD | 5,550,000USD | 5,550,000USD | 2,900,000USD | 2,900,000USD | 2,900,000USD | 2,900,000USD | 2,900,000USD |
| Other Current Assets | 18,085,000USD | 18,506,000USD | 46,712,000USD | 45,234,000USD | 42,498,000USD | 120,148,000USD | 1,035,298,000USD | 1,074,032,000USD |
| Total Liab | 42,502,000USD | 50,006,000USD | 129,698,000USD | 132,315,000USD | 94,787,000USD | 206,524,000USD | 1,080,736,000USD | 1,140,323,000USD |
| Total Stockholder Equity | 170,878,000USD | 112,782,000USD | 114,394,000USD | 35,294,000USD | 44,059,000USD | 33,894,000USD | 50,473,000USD | 47,794,000USD |
| Other Current Liab | 12,882,000USD | 2,703,000USD | 40,495,000USD | 51,580,000USD | 43,060,000USD | 119,053,000USD | 1,016,332,000USD | 1,063,119,000USD |
| Common Stock | 3,000USD | 3,000USD | 3,000USD | 2,000USD | 2,000USD | 2,000USD | 1,000USD | 2,000USD |
| Capital Stock | 3,000USD | 3,000USD | 3,000USD | 2,000USD | 2,000USD | 2,000USD | 2,000USD | 2,000USD |
| Retained Earnings | -916,822,000USD | -905,172,000USD | -819,902,000USD | -804,984,000USD | -790,250,000USD | -797,960,000USD | -778,783,000USD | -775,890,000USD |
| Good Will | 64,658,000USD | 64,658,000USD | 64,658,000USD | 64,658,000USD | 68,001,000USD | 68,001,000USD | 68,001,000USD | 68,001,000USD |
| Cash | 79,984,000USD | 26,962,000USD | 58,319,000USD | 43,493,000USD | 23,010,000USD | 39,049,000USD | 28,984,000USD | 47,499,000USD |
| Cash And Short Term Investments | 97,377,000USD | 41,624,000USD | 63,413,000USD | 43,493,000USD | 23,010,000USD | 39,049,000USD | 35,711,000USD | 60,669,000USD |
| Total Current Assets | 124,994,000USD | 72,200,000USD | 120,475,000USD | 110,462,000USD | 92,507,000USD | 183,845,000USD | 1,097,795,000USD | 1,157,405,000USD |
| Total Current Liabilities | 30,275,000USD | 33,030,000USD | 53,775,000USD | 93,192,000USD | 58,427,000USD | 137,719,000USD | 1,041,949,000USD | 1,077,385,000USD |
| Net Debt | -79,984,000USD | -26,962,000USD | -45,805,000USD | -4,167,000USD | -117,000USD | -15,509,000USD | 5,508,000USD | -22,269,000USD |
| Long Term Investments | 10,928,000USD | 11,149,000USD | 11,472,000USD | — | — | 0USD | — | — |
| Short Term Investments | 17,393,000USD | 14,662,000USD | 5,094,000USD | 5,094,000USD | 1,692,000USD | 1,242,000USD | 6,727,000USD | 13,170,000USD |
| Net Receivables | 9,532,000USD | 12,070,000USD | 10,350,000USD | 21,735,000USD | 26,999,000USD | 24,648,000USD | 26,786,000USD | 22,704,000USD |
| Accounts Payable | 17,393,000USD | 29,538,000USD | 10,184,000USD | 14,438,000USD | 10,294,000USD | 12,782,000USD | 9,473,000USD | 8,147,000USD |
| Property Plant Equipment Net | 2,322,000USD | 1,660,000USD | 6,812,000USD | 8,941,000USD | 9,342,000USD | 11,799,000USD | 1,769,000USD | 12,398,000USD |
| Property Plant Equipment Gross | 2,742,000USD | 2,014,000USD | 8,335,000USD | 10,311,000USD | 10,558,000USD | 12,795,000USD | 12,805,000USD | 13,313,000USD |
| Accumulated Other Comprehensive Income | 1,041,000USD | 947,000USD | -603,000USD | -395,000USD | -827,000USD | -841,000USD | -223,000USD | -341,000USD |
| Common Stock Shares Outstanding | 13,385,000shares | 13,385,000shares | 6,825,634shares | 6,825,634shares | 6,501,355shares | 6,501,355shares | 6,361,793shares | 6,161,704shares |
| Non Current Assets Total | 88,386,000USD | 90,588,000USD | 137,787,000USD | 79,678,000USD | 83,839,000USD | 85,532,000USD | 84,934,000USD | 85,497,000USD |
| Non Current Liabilities Total | 12,227,000USD | 16,976,000USD | 75,923,000USD | 39,123,000USD | 36,360,000USD | 68,805,000USD | 38,787,000USD | 62,938,000USD |
| Non Current Liabilities Other | 195,000USD | 244,000USD | — | — | — | — | — | — |
| Non Currrent Assets Other | 15,856,000USD | 18,720,000USD | 49,295,000USD | 3,179,000USD | 3,596,000USD | 2,832,000USD | 12,264,000USD | 2,198,000USD |
| Net Working Capital | 94,719,000USD | 39,170,000USD | 66,700,000USD | 17,270,000USD | 34,080,000USD | 46,126,000USD | 55,846,000USD | 80,020,000USD |
| Unclassified Non Current Assets | -10,928,000USD | -11,149,000USD | — | — | — | — | — | — |
| Unclassified Non Current Liabilities | 12,032,000USD | 16,732,000USD | 75,923,000USD | 39,123,000USD | 31,349,000USD | 68,805,000USD | 38,787,000USD | 62,938,000USD |
| Unclassified Equity | 1,086,653,000USD | 1,017,001,000USD | 934,893,000USD | 840,669,000USD | 835,132,000USD | 832,691,000USD | 829,476,000USD | 824,021,000USD |
| Current Deferred Revenue | — | 789,000USD | 789,000USD | 1,630,000USD | 1,517,000USD | 1,605,000USD | 2,005,000USD | 2,317,000USD |
| Short Term Debt | — | — | 2,307,000USD | 25,544,000USD | 3,556,000USD | 4,279,000USD | 14,139,000USD | 3,802,000USD |
| Short Long Term Debt Total | — | — | 12,514,000USD | 39,326,000USD | 22,893,000USD | 23,540,000USD | 34,492,000USD | 25,230,000USD |
| Short Long Term Debt | — | — | — | 22,307,000USD | — | — | — | — |
| Unclassified Current Assets | — | — | — | -5,094,000USD | -1,692,000USD | — | — | — |
| Unclassified Current Liabilities | — | — | — | -22,307,000USD | — | — | — | — |
| Long Term Debt | — | — | — | — | 5,011,000USD | — | — | — |
| Other Assets | — | — | — | — | — | -9,143,000USD | — | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD | FY 20202020-12-31 · USD | FY 20192019-12-31 · USD |
|---|---|---|---|---|---|---|---|
| Total Assets | 162,788,000USD | 269,377,000USD | 966,867,000USD | 455,502,000USD | 2,416,484,000USD | 468,376,000USD | 177,681,000USD |
| Intangible Assets | 5,550,000USD | 2,900,000USD | 2,900,000USD | 55,833,000USD | 388,469,000USD | 62,199,000USD | 2,092,000USD |
| Other Current Assets | 32,358,000USD | 120,148,000USD | 782,700,000USD | 61,765,000USD | 37,541,000USD | 46,783,000USD | 21,455,000USD |
| Total Liab | 50,006,000USD | 206,524,000USD | 831,153,000USD | 119,428,000USD | 122,313,000USD | 80,046,000USD | 15,387,000USD |
| Total Stockholder Equity | 112,782,000USD | 33,894,000USD | 48,282,000USD | 96,263,000USD | 468,396,000USD | 388,330,000USD | 151,517,000USD |
| Other Current Liab | 2,703,000USD | 119,053,000USD | 779,231,000USD | 59,168,000USD | 40,016,000USD | 42,830,000USD | 13,774,000USD |
| Common Stock | 3,000USD | 2,000USD | 28,000USD | 27,000USD | 27,000USD | 495,217,000USD | 184,416,000USD |
| Capital Stock | 3,000USD | 2,000USD | 28,000USD | 27,000USD | 27,000USD | 495,217,000USD | — |
| Retained Earnings | -905,172,000USD | -797,960,000USD | -751,301,000USD | -676,447,000USD | -98,342,000USD | -112,504,000USD | -32,899,000USD |
| Good Will | 64,658,000USD | 68,001,000USD | 68,001,000USD | 15,852,000USD | 1,527,118,000USD | 233,429,000USD | 16,854,000USD |
| Cash | 27,537,000USD | 39,049,000USD | 52,882,000USD | 98,332,000USD | 407,864,000USD | 75,361,000USD | 76,634,000USD |
| Cash And Short Term Investments | 27,772,000USD | 39,049,000USD | 70,280,000USD | 239,394,000USD | 407,864,000USD | 77,184,000USD | 78,622,000USD |
| Total Current Assets | 72,200,000USD | 183,845,000USD | 882,644,000USD | 326,465,000USD | 463,547,000USD | 132,063,000USD | 100,077,000USD |
| Total Current Liabilities | 33,030,000USD | 137,719,000USD | 802,074,000USD | 92,129,000USD | 73,604,000USD | 51,077,000USD | 15,387,000USD |
| Current Deferred Revenue | 789,000USD | 1,605,000USD | 4,282,000USD | 3,972,000USD | 4,629,000USD | 4,282,000USD | — |
| Net Debt | -27,537,000USD | -15,509,000USD | -25,721,000USD | -71,916,000USD | -378,904,000USD | -73,063,000USD | -76,634,000USD |
| Long Term Investments | 11,149,000USD | 0USD | — | — | — | — | — |
| Short Term Investments | 235,000USD | 1,242,000USD | 17,398,000USD | 141,062,000USD | 551,000USD | 1,823,000USD | 1,988,000USD |
| Net Receivables | 12,070,000USD | 24,648,000USD | 29,664,000USD | 25,306,000USD | 18,142,000USD | 8,096,000USD | 2,976,000USD |
| Accounts Payable | 29,538,000USD | 12,782,000USD | 14,925,000USD | 25,975,000USD | 10,646,000USD | 7,165,000USD | 1,613,000USD |
| Property Plant Equipment Net | 1,660,000USD | 11,799,000USD | 11,516,000USD | 39,376,000USD | 17,360,000USD | 22,224,000USD | 11,108,000USD |
| Property Plant Equipment Gross | 2,014,000USD | 12,795,000USD | 12,256,000USD | 41,251,000USD | 18,093,000USD | 25,007,000USD | — |
| Accumulated Other Comprehensive Income | 947,000USD | -841,000USD | -101,000USD | -290,000USD | -55,000USD | 5,617,000USD | — |
| Common Stock Shares Outstanding | 6,825,634shares | 5,855,083shares | 3,563,333shares | 2,846,719shares | 57,164,388shares | 25,921,502shares | 582,500,000shares |
| Non Current Assets Total | 90,588,000USD | 85,532,000USD | 84,223,000USD | 129,037,000USD | 1,952,937,000USD | 336,313,000USD | 77,604,000USD |
| Non Current Liabilities Total | 16,976,000USD | 68,805,000USD | 29,079,000USD | 27,299,000USD | 48,709,000USD | 28,969,000USD | — |
| Non Current Liabilities Other | 244,000USD | — | — | 27,299,000USD | 34,900,000USD | 2,103,000USD | — |
| Non Currrent Assets Other | 4,219,000USD | 2,832,000USD | 1,806,000USD | 17,976,000USD | 17,791,000USD | 15,748,000USD | 46,356,000USD |
| Net Working Capital | 39,170,000USD | 46,126,000USD | 80,570,000USD | 234,336,000USD | 390,000,000USD | 80,986,000USD | — |
| Unclassified Non Current Assets | 3,352,000USD | — | — | -17,976,000USD | — | -13,035,000USD | -45,162,000USD |
| Unclassified Non Current Liabilities | 16,732,000USD | 68,805,000USD | 29,079,000USD | -3,897,000USD | -22,054,000USD | — | — |
| Unclassified Equity | 1,017,001,000USD | 832,691,000USD | 799,628,000USD | 772,946,000USD | 566,739,000USD | -495,217,000USD | — |
| Short Term Debt | — | 4,279,000USD | 3,636,000USD | 3,014,000USD | 18,313,000USD | 1,082,000USD | — |
| Short Long Term Debt Total | — | 23,540,000USD | 27,161,000USD | 26,416,000USD | 28,960,000USD | 2,298,000USD | — |
| Other Liab | — | — | — | 3,897,000USD | 35,863,000USD | 27,753,000USD | 10,777,000USD |
| Other Assets | — | — | — | 17,976,000USD | 17,791,000USD | 15,748,000USD | 46,356,000USD |
| Inventory | — | — | — | 39,913,000USD | -18,142,000USD | 42,146,000USD | — |
| Net Tangible Assets | — | — | — | 24,578,000USD | 178,122,119USD | 92,702,000USD | 132,571,000USD |
| Unclassified Current Assets | — | — | — | -39,913,000USD | — | -42,146,000USD | -2,976,000USD |
| Unclassified Current Liabilities | — | — | — | — | — | -4,282,000USD | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow Quarterly
| Metric | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD | Q2 20242024-06-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Net Income | -11,650,000USD | -55,130,000USD | -13,316,000USD | -14,734,000USD | 16,239,000USD | -40,369,000USD | -19,401,000USD | -35,512,000USD |
| Depreciation | 66,000USD | 80,000USD | 153,000USD | 154,000USD | 220,000USD | 62,000USD | -1,936,000USD | 117,000USD |
| Stock Based Compensation | 2,805,000USD | 53,806,000USD | 8,116,000USD | 6,338,000USD | 3,343,000USD | 2,792,000USD | 2,630,000USD | 2,406,000USD |
| Other Non Cash Items | -1,157,000USD | 36,272,000USD | -3,844,000USD | 2,209,000USD | -33,736,000USD | 31,780,000USD | 1,396,000USD | 15,483,000USD |
| Change To Account Receivables | 1,500,000USD | 6,084,000USD | -8,993,000USD | 5,265,000USD | -3,593,000USD | 1,726,000USD | -2,356,000USD | 12,323,000USD |
| Change In Working Capital | 648,000USD | 12,100,000USD | -29,650,000USD | 17,723,000USD | -87,347,000USD | 37,137,000USD | -7,754,000USD | -48,387,000USD |
| Total Cash From Operating Activities | -12,093,000USD | -6,678,000USD | -46,657,000USD | 5,352,000USD | -101,281,000USD | 31,402,000USD | -25,065,000USD | -65,893,000USD |
| Capital Expenditures | -728,000USD | -464,000USD | -3,204,000USD | -19,000USD | -130,000USD | -308,000USD | 2,234,000USD | -463,000USD |
| Free Cash Flow | -12,821,000USD | -7,142,000USD | -49,861,000USD | 5,333,000USD | -101,411,000USD | 31,094,000USD | -22,831,000USD | -66,356,000USD |
| Investments | -14,000USD | 15,480,000USD | -19,770,000USD | 4,499,000USD | -130,000USD | 6,239,000USD | 5,902,000USD | 4,297,000USD |
| Total Cashflows From Investing Activities | 1,935,000USD | -22,721,000USD | -19,770,000USD | 4,499,000USD | -130,000USD | 6,239,000USD | 5,902,000USD | 4,297,000USD |
| Net Borrowings | 0USD | 1,530,000USD | -9,405,000USD | 18,750,000USD | 5,000,000USD | — | 0USD | — |
| Total Cash From Financing Activities | 66,781,000USD | -3,405,000USD | 60,090,000USD | 17,169,000USD | 4,095,000USD | -260,000USD | -112,000USD | 7,485,000USD |
| Sale Purchase Of Stock | -280,000USD | — | — | -806,000USD | -906,000USD | 2,430,000USD | -112,000USD | -59,000USD |
| Issuance Of Capital Stock | 69,602,000USD | 0USD | 62,961,000USD | 0USD | 0USD | 0USD | 0USD | 7,541,000USD |
| Change In Cash | 55,023,000USD | -36,899,000USD | 2,978,000USD | 18,694,000USD | -97,287,000USD | 36,253,000USD | -19,028,000USD | -54,310,000USD |
| Begin Period Cash Flow | 27,537,000USD | 64,436,000USD | 61,458,000USD | 42,764,000USD | 153,746,000USD | 117,493,000USD | 136,521,000USD | 190,831,000USD |
| End Period Cash Flow | 82,560,000USD | 27,537,000USD | 64,436,000USD | 61,458,000USD | 56,459,000USD | 153,746,000USD | 117,493,000USD | 136,521,000USD |
| Other Cashflows From Investing Activities | 2,677,000USD | 10,621,000USD | — | — | -130,000USD | — | -2,779,000USD | — |
| Other Cashflows From Financing Activities | 66,781,000USD | 346,000USD | -24,680,000USD | -775,000USD | -905,000USD | -2,690,000USD | 5,902,000USD | -56,000USD |
| Unclassified Operating Cash Flow | -2,805,000USD | -53,806,000USD | -8,116,000USD | -6,338,000USD | — | — | — | — |
| Unclassified Investing Cash Flow | — | -48,358,000USD | 3,204,000USD | — | — | — | — | — |
| Unclassified Financing Cash Flow | — | -5,281,000USD | 31,214,000USD | — | — | — | -5,902,000USD | 7,600,000USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD | FY 20202020-12-31 · USD | FY 20192019-12-31 · USD |
|---|---|---|---|---|---|---|---|
| Net Income | -132,232,000USD | -103,447,000USD | -74,854,000USD | -1,989,934,000USD | -183,214,000USD | -79,605,000USD | -32,976,000USD |
| Depreciation | 607,000USD | 343,000USD | 13,932,000USD | 25,350,000USD | 16,236,999USD | 7,973,000USD | 87,000USD |
| Stock Based Compensation | 71,603,000USD | 15,841,000USD | 16,761,000USD | 32,114,000USD | 49,030,000USD | 11,649,000USD | 10,673,000USD |
| Other Non Cash Items | -2,068,000USD | 19,744,000USD | -58,436,000USD | 1,823,558,000USD | 45,011,000USD | 18,632,000USD | 6,174,000USD |
| Change To Account Receivables | -1,237,000USD | 5,405,000USD | -10,036,000USD | -7,164,000USD | -7,734,000USD | -149,000USD | -264,000USD |
| Change In Working Capital | -87,174,000USD | 46,316,000USD | 41,900,000USD | 2,909,000USD | -24,069,000USD | 10,765,000USD | -32,454,000USD |
| Total Cash From Operating Activities | -149,264,000USD | -21,203,000USD | -60,697,000USD | -117,597,000USD | -134,302,000USD | -30,940,000USD | -48,496,000USD |
| Capital Expenditures | -3,817,000USD | -3,087,000USD | -9,433,000USD | -30,543,000USD | -15,687,000USD | -20,569,000USD | -9,181,000USD |
| Free Cash Flow | -153,399,000USD | -24,290,000USD | -70,130,000USD | -148,140,000USD | -149,989,000USD | -51,509,000USD | -57,677,000USD |
| Investments | 10,386,000USD | 14,134,000USD | 30,327,000USD | -141,418,000USD | 16,917,000USD | 1,988,000USD | -1,988,000USD |
| Total Cashflows From Investing Activities | -38,122,000USD | 14,134,000USD | 65,970,000USD | -171,961,000USD | 16,917,000USD | -7,929,000USD | -40,947,000USD |
| Net Borrowings | 15,875,000USD | 0USD | 0USD | 0USD | -501,000USD | -313,000USD | -313,000USD |
| Total Cash From Financing Activities | 77,949,000USD | 43,818,000USD | -2,634,000USD | -2,584,000USD | 256,827,999USD | 37,487,000USD | 37,487,000USD |
| Issuance Of Capital Stock | 62,961,000USD | 46,505,000USD | 0USD | 0USD | 312,000,000USD | 37,800,000USD | — |
| Change In Cash | -36,401,000USD | 35,248,000USD | 3,075,000USD | -292,992,000USD | 406,686,322USD | -1,191,000USD | -89,443,000USD |
| Begin Period Cash Flow | 63,938,000USD | 118,498,000USD | 115,423,000USD | 408,415,000USD | 1,177,678USD | 93,134,000USD | 182,577,000USD |
| End Period Cash Flow | 27,537,000USD | 153,746,000USD | 118,498,000USD | 115,423,000USD | 407,864,000USD | 91,943,000USD | 93,134,000USD |
| Other Cashflows From Investing Activities | -26,415,000USD | -3,087,000USD | — | -30,543,000USD | 8,000USD | -20,569,000USD | -1,988,000USD |
| Other Cashflows From Financing Activities | -3,071,000USD | -2,687,000USD | 65,970,000USD | 2,000USD | 29,859,000USD | 37,800,000USD | -40,947,000USD |
| Unclassified Investing Cash Flow | -18,276,000USD | 6,174,000USD | 45,076,000USD | 30,543,000USD | 15,679,000USD | 31,221,000USD | -27,790,000USD |
| Unclassified Financing Cash Flow | 2,184,000USD | — | -65,970,000USD | — | 311,999,999USD | — | 78,747,000USD |
| Sale Purchase Of Stock | — | — | -2,634,000USD | -2,586,000USD | -84,530,000USD | 0USD | — |
| Change To Liabilities | — | — | — | 1,295,000USD | 4,626,000USD | 11,745,000USD | 5,863,000USD |
| Cash And Cash Equivalents Changes | — | — | — | -292,142,000USD | — | — | — |
| Unclassified Operating Cash Flow | — | — | — | -11,594,000USD | -37,296,999USD | — | — |
| Change To Inventory | — | — | — | — | -12,877,000USD | 1,499,000USD | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Operating metrics
No operating metrics are currently published for this company.
Revenue breakdown
| Period | Dimension | Business / region | Revenue | Currency | Source |
|---|---|---|---|---|---|
| Q1 2026Quarterly · 2026-03-31 | Product | Crypto Services — Subscription And Service Revenue | 197,000 | USD | 0001628280-26-033576 |
| Q1 2026Quarterly · 2026-03-31 | Product | Crypto Services — Transaction Revenue Net | 243,396,000 | USD | 0001628280-26-033576 |
| Q4 2025Quarterly · 2025-12-31 | Product | Subscription And Service Revenue | 0 | USD | Legacy provider |
| Q4 2025Quarterly · 2025-12-31 | Product | Transaction Revenue Net | 288,435,000 | USD | Legacy provider |
| FY 2025Yearly · 2025-12-31 | Product | Subscription And Service Revenue | 50,000 | USD | 0001628280-26-019870 |
| FY 2025Yearly · 2025-12-31 | Product | Transaction Revenue Net | 2,335,193,000 | USD | 0001628280-26-019870 |
| Q3 2025Quarterly · 2025-09-30 | Product | Subscription And Service Revenue | 15,000 | USD | 0001628280-25-051180 |
| Q3 2025Quarterly · 2025-09-30 | Product | Transaction Revenue Net | 402,196,000 | USD | 0001628280-25-051180 |
| Q2 2025Quarterly · 2025-06-30 | Product | Subscription And Service Revenue | 4,027,000 | USD | 0001628280-25-039625 |
| Q2 2025Quarterly · 2025-06-30 | Product | Transaction Revenue Net | 573,855,000 | USD | 0001628280-25-039625 |
| Q1 2025Quarterly · 2025-03-31 | Product | Subscription And Service Revenue | 4,203,000 | USD | 0001628280-25-024743 |
| Q1 2025Quarterly · 2025-03-31 | Product | Transaction Revenue Net | 1,070,707,000 | USD | 0001628280-25-024743 |
| Q4 2024Quarterly · 2024-12-31 | Product | Subscription And Service Revenue | 0 | USD | Legacy provider |
| Q4 2024Quarterly · 2024-12-31 | Product | Transaction Revenue Net | 1,772,976,000 | USD | Legacy provider |
| FY 2024Yearly · 2024-12-31 | Product | Subscription And Service Revenue | 80,000 | USD | 0001628280-26-019870 |
| FY 2024Yearly · 2024-12-31 | Product | Transaction Revenue Net | 3,440,976,000 | USD | 0001628280-26-019870 |
| Q3 2024Quarterly · 2024-09-30 | Product | Subscription And Service Revenue | 34,000 | USD | 0001628280-25-051180 |
| Q3 2024Quarterly · 2024-09-30 | Product | Transaction Revenue Net | 316,299,000 | USD | 0001628280-25-051180 |
| Q2 2024Quarterly · 2024-06-30 | Product | Subscription And Service Revenue | 6,181,000 | USD | 0001628280-25-039625 |
| Q2 2024Quarterly · 2024-06-30 | Product | Transaction Revenue Net | 503,717,000 | USD | 0001628280-25-039625 |
| FY 2023Yearly · 2023-12-31 | Product | Subscription And Service Revenue | 192,000 | USD | 0001628280-26-019870 |
| FY 2023Yearly · 2023-12-31 | Product | Transaction Revenue Net | 726,796,000 | USD | 0001628280-26-019870 |
| FY 2022Yearly · 2022-12-31 | Product | Subscription And Service Revenue | 26,683,000 | USD | 0001628280-25-013959 |
| FY 2022Yearly · 2022-12-31 | Product | Transaction Revenue Net | 29,541,000 | USD | 0001628280-25-013959 |
| FY 2020Yearly · 2020-12-31 | Product | Cryptoassets | 0 | USD | 0001820302-22-000005 |
| FY 2020Yearly · 2020-12-31 | Product | Subscription And Service Revenue | 21,109,000 | USD | 0001820302-22-000005 |
| FY 2020Yearly · 2020-12-31 | Product | Transaction Revenue Net | 7,386,000 | USD | 0001820302-22-000005 |
Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.