BKKT Q1 2025 Earnings — Bakkt Holdings, Inc. Revenue & Financial Results | Market Cap Arena

BKKTBakkt Holdings, Inc.

$153M

Q1 2025 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$1.1B+25.8% YoY

Gross Profit

$1.0B97.5% margin

Operating Income

-$19M-1.7% margin

Net Income

$8M0.7% margin

EPS (Diluted)

$1.13

QoQ Revenue Growth

-40.2%

Cash Flow

Operating Cash Flow

-$101M

Free Cash Flow

-$101M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$176M

Total Liabilities

$95M

Stockholders' Equity

$44M

Cash & Equivalents

$23M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$855M	+25.8%
Gross Profit	$1.0B	$23M	+4536.6%
Operating Income	-$19M	-$32M	+41.8%
Net Income	$8M	-$8M	+194.4%

Revenue Segments

Transaction Revenue, Net

$1.1B100%

Subscription And Service Revenue

$4M0%