BKKT Q3 2025 Earnings — Bakkt Holdings, Inc. Revenue & Financial Results | Market Cap Arena

BKKTBakkt Holdings, Inc.

$153M

Q3 2025 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$402M+22.5% YoY

Gross Profit

-$16M-4.0% margin

Operating Income

-$25M-6.3% margin

Net Income

-$15M-3.7% margin

EPS (Diluted)

$-2.19

QoQ Revenue Growth

-30.4%

Cash Flow

Operating Cash Flow

-$47M

Free Cash Flow

-$50M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$258M

Total Liabilities

$130M

Stockholders' Equity

$114M

Cash & Equivalents

$58M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$402M	$328M	+22.5%
Gross Profit	-$16M	$16M	-204.2%
Operating Income	-$25M	-$27M	+7.7%
Net Income	-$15M	-$3M	-415.7%

Revenue Segments

Transaction Revenue, Net

$402M100%

Subscription And Service Revenue

$15,0000%