BKKT Q2 2025 Earnings — Bakkt Holdings, Inc. Revenue & Financial Results | Market Cap Arena

BKKTBakkt Holdings, Inc.

$153M

Q2 2025 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$578M+13.3% YoY

Gross Profit

$551M95.3% margin

Operating Income

-$18M-3.2% margin

Net Income

-$15M-2.5% margin

EPS (Diluted)

$-2.16

QoQ Revenue Growth

-46.2%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

$5M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$190M

Total Liabilities

$132M

Stockholders' Equity

$35M

Cash & Equivalents

$43M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$578M	$510M	+13.3%
Gross Profit	$551M	$18M	+2926.8%
Operating Income	-$18M	-$22M	+16.0%
Net Income	-$15M	-$16M	+10.3%

Revenue Segments

Transaction Revenue, Net

$574M99%

Subscription And Service Revenue

$4M1%