Lumida
/BKKT
⌘K
Bakkt Holdings Inc

Bakkt Holdings Inc

BKKT
$7.25USD↓-7.76%-0.61 today

MARKET CAP

323.4M

P/E (TTM)

—

FWD P/E

6.2x

DAY RANGE

$7 – $8

52W RANGE

$7
$50

AI Summary

Stalk
Sell NowHigh

BKKT remains entrenched in a Stage 4 decline, characterized by sequential lower highs and lower lows, with the decisive support failure around the prior consolidation floor. Price is trading below all key EMAs, and recent rally attempts have been rejected at the 9/21 EMA zone, creating an optimal environment to sell into strength.

  • ↑DTR integration to enhance stablecoin payment capabilities.
  • ↑Guidance of $1.03–$1.28 B revenue next quarters.
  • ↓74% of 2024 crypto revenue from Webull; client exit threatens cash flow.
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

Bakkt Holdings, Inc. (NASDAQ: BKKT) operates as a digital asset financial technology company, focusing on building an infrastructure for the growing digital payments sector centered around stablecoins and programmable money solutions. The company is positioned at the forefront of the evolving financial technology landscape, leveraging its strategic partnerships to enhance its offerings in financial services, payments, and digital assets.

Bull says

  • ↑DTR integration to enhance stablecoin payment capabilities.
  • ↑Guidance of $1.03–$1.28 B revenue next quarters.
  • ↑Transaction volume up YoY; Q4 trading $1.78 B, +465% sequentially.
  • ↑Operating expenses cut 69% YoY, narrowing adjusted EBITDA loss to $6.4 M.
  • ↑Cash balance ~$88 M post-recapitalization aids growth runway.
  • ↑Favorable regulatory outlook and strong liquidity support expansion.

Bear says

  • ↓74% of 2024 crypto revenue from Webull; client exit threatens cash flow.
  • ↓Q4 net loss $40.4 M and adjusted EBITDA loss $6.4 M indicate ongoing unprofitability.
  • ↓Negative earnings yield and weak profitability factors hinder return generation.
  • ↓High leverage emphasizes debt reliance and potential funding constraints.
  • ↓Crypto market volatility and elevated short interest raise execution and price risks.
  • ↓DTR integration complexity may disrupt operations and delay growth.

Investment themes with BKKT

Most Shorted Stocks↑ +0.54%

Stocks with highest short interest

LITE · FSLY · SPHR

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-16-2026bullish

Transcript signals

Bull points

  • we are extremely confident about our pipeline and our advanced conversations with a few partners, especially for the consumer FinTech platform.
  • Our launch focus is in the US and Europe, and we have massive momentum from these telecom partners.
  • with our distribution strategy, Bakkt is accelerating its time to scale and revenue growth. The engine, which is Bakkt, we provide the regulated rails. Partners don't need to build compliance or licensing infrastructure, we provide all that.

Bear points

  • 2025 was operationally and financially a bit volatile, but we've gone through the restructuring that we had to do.
  • That was down 32% year-over-year, from $3.4 billion to $2.3 billion, primarily due to lower crypto trading volume overall and asset prices through most of 2025.
  • we had amended a commercial agreement with Webull and Q1 that reduced transaction volume, contributing to the gross revenue decline.
Read full transcript analysis ›