Bakkt Holdings Inc/US (BKKT)
NYSEInformation TechnologySoftware - InfrastructureSnapshot 2026-09-04
$8.33-0.60%
Close 2026-09-04 · 1-day change
NYSEInformation TechnologySoftware - InfrastructureSnapshot 2026-09-04
QuarterlyIQ Insights · BKKT
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Complete integration of Distributed Technologies Research to combine AI-native payments and stablecoin infrastructure with Bakkt's regulated platform.
Stated as a priority in 2 of last 2 quarters. The acquisition of DTR was completed on April 30, 2026, integrating AI-native payments and stablecoin infrastructure into Bakkt's platform. Management emphasizes this integration as foundational for growth, with the trajectory showing active execution on this strategic priority.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated neutral grew net income 55% of the time over the next year (vs 56% for the rest of the cohort, n=8445).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Bakkt appoints new CFO as it enters next phase of global growth with expanding focus including disciplined capital allocation.”
“Completed the acquisition of Distributed Technologies Research ("DTR") on April 30, 2026 integrating AI and stablecoin infrastructure.”
Drive growth by scaling the three distinct growth engines: Bakkt Markets, Bakkt Agent, and Bakkt Global to capitalize on financial services tailwinds.
Stated as a priority in 2 of last 2 quarters. Management highlights the three growth engines as central to its strategy. While specific revenue figures are not disclosed, the company reported $243.6 million in crypto services revenue in 2026-Q1, down from $1,065.8 million in 2025-Q1, indicating ongoing challenges but continued focus on scaling these platforms.
“Bakkt enters next phase of global growth with expanding focus on technology-enabled financial infrastructure and disciplined capital allocation.”
“Strategy anchored around three distinct growth engines: Bakkt Markets, Bakkt Agent, and Bakkt Global.”
Develop and launch embedded finance and neobank-as-a-service offerings through Bakkt Agent to expand product capabilities.
Newly stated in 2026-Q2. Management announced the launch of Bakkt Agent Embedded Finance and Neobank-as-a-Service as part of product expansion. No specific financial metrics or revenue impact disclosed yet, indicating early stage of this product initiative.
“Bakkt enters next phase of global growth with expanding focus on technology-enabled financial infrastructure including AI and disciplined capital allocation.”
Increase monthly active users (MAUs) to about 25,000 by the end of 2026 to drive platform engagement and growth.
Newly stated in 2026-Q2. Management expects monthly active users to reach approximately 25,000 by December 2026. No current MAU figures disclosed to assess progress, so trajectory is early and unproven.
“Management currently expects MAUs to reach approximately 25,000 in December 2026.”
Focus on disciplined capital allocation and maintaining sufficient liquidity to support growth and operations.
Stated as a priority in 2 of last 2 quarters. Cash and cash equivalents increased from $26.96 million at 2025-Q4 to $82.6 million at 2026-Q1, reflecting improved liquidity. The appointment of a new CFO emphasizes disciplined capital allocation. The trajectory shows progress in liquidity management aligned with stated priorities.
“New CFO to lead disciplined capital allocation and operational accountability.”
“Cash and cash equivalents of $82.6 million as of March 31, 2026 sufficient liquidity to execute across all three growth engines.”
Over the trailing year it converted 2.11x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, long-term interest rates, real (inflation-adjusted) rates (low R² over the window).
36 material management or governance events in the past 24 months, led by M&A activity. Historically, Information Technology names rated volatile grew net income 60% of the time over the next year (vs 58% for the rest of the cohort, n=2769).
Not investment advice. As of 2026-09-04.