Bakkt Holdings to Announce Q1 Earnings on May 11
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 10 hours ago
0mins
Should l Buy BKKT?
Source: seekingalpha
- Earnings Announcement Schedule: Bakkt Holdings (BKKT) is set to release its Q1 2023 earnings report on May 11 after market close, with consensus EPS estimate at -$0.10 and revenue estimate at $310.89 million, reflecting a significant 70.9% year-over-year decline.
- Earnings Performance Analysis: Over the past year, BKKT has failed to beat EPS estimates at all, while achieving a 100% success rate in exceeding revenue expectations, indicating strong revenue management but a need for improvement in profitability.
- Valuation and Turnaround Challenges: Despite a low market valuation for Bakkt, analysts emphasize that the company's turnaround requires more empirical evidence to validate its future growth potential and sustainability.
- Financing Developments: Bakkt recently completed a $48.1 million registered direct offering, providing operational funding, although the company's inability to timely file its 2025 Form 10-K has raised concerns in the market.
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Analyst Views on BKKT
Wall Street analysts forecast BKKT stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 8.550
Low
39.00
Averages
39.00
High
39.00
Current: 8.550
Low
39.00
Averages
39.00
High
39.00
About BKKT
Bakkt, Inc. is a regulated financial technology company. It provides software and application program interface products, services and infrastructure to companies focused on digital asset transactions. Through its business pillars, Bakkt powers institutional-grade trading capabilities, AI-enabled programmable finance and cross-border payment infrastructure. It provides simplified solutions focused on the various areas: Crypto, Stablecoin payments and Custody. Its platform provides customers with the ability to buy, sell and store crypto via application programming interfaces or embedded web experience. It enables clients in industries to provide their customers with the ability to transact in crypto directly in their trusted environments. Its platform serves financial institutions, fintechs and consumer finance products, providing compliance, security and scale required to deliver financial services at a global level. It is a developer of agentic payments and stablecoin infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bakkt Holdings to Announce Q1 Earnings on May 11
- Earnings Announcement Schedule: Bakkt Holdings (BKKT) is set to release its Q1 2023 earnings report on May 11 after market close, with consensus EPS estimate at -$0.10 and revenue estimate at $310.89 million, reflecting a significant 70.9% year-over-year decline.
- Earnings Performance Analysis: Over the past year, BKKT has failed to beat EPS estimates at all, while achieving a 100% success rate in exceeding revenue expectations, indicating strong revenue management but a need for improvement in profitability.
- Valuation and Turnaround Challenges: Despite a low market valuation for Bakkt, analysts emphasize that the company's turnaround requires more empirical evidence to validate its future growth potential and sustainability.
- Financing Developments: Bakkt recently completed a $48.1 million registered direct offering, providing operational funding, although the company's inability to timely file its 2025 Form 10-K has raised concerns in the market.
See More
Bakkt (BKKT) Q4 2025 Earnings Call Transcript
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Bakkt Delays Filing of 2025 Annual Report
- Annual Report Delay: Bakkt disclosed in an SEC filing that it was unable to timely file its Form 10-K for the year ended December 31, 2025, due to the need for additional time to finalize consolidated financial statements, which may impact investor confidence in the company's financial transparency.
- Audit Progress Lag: The company's independent registered public accounting firm still needs to complete its first-year independent audit of the consolidated financial statements and internal controls for the fiscal year ended December 31, 2025, which could place greater pressure on the company regarding compliance and financial reporting.
- Financial Performance Overview: Bakkt reported a GAAP loss per share of -$6.55 for 2025, an improvement from -$7.27 in 2024, but its revenue of $2.34 billion fell 32% year-over-year, indicating weak market demand.
- Stock Price Reaction: During pre-market trading, Bakkt's shares rose by 0.52% to $9.69, suggesting that despite the challenges posed by the delayed financial report, the market remains cautiously optimistic about the company's future potential.
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Bakkt Holdings Reports Increased Losses in FY Results
- Financial Performance: Bakkt Holdings reported a FY GAAP EPS of -$6.55 with revenue of $2.34 billion, reflecting a 32% year-over-year decline, indicating significant challenges and pressures in the market.
- Adjusted EBITDA Improvement: Despite the overall loss, the adjusted EBITDA (non-GAAP) was negative $32.7 million, improving by 42.9% year-over-year, primarily due to a $24.5 million increase in other income and a $11.7 million reduction in SG&A expenses.
- Financing Activity: Bakkt has priced a registered direct offering to raise $48.1 million, aimed at strengthening its capital structure and supporting future growth strategies.
- Market Outlook: While facing challenges, Bakkt is working towards a turnaround, seeking to re-enter the U.S. market through a partnership with Nexo, highlighting potential growth opportunities in the cryptocurrency sector.
See More
Bakkt Holdings to Announce Q4 Earnings on March 16
- Earnings Announcement: Bakkt Holdings is set to release its Q4 earnings on March 16 after market close, with a consensus EPS estimate of -$0.47, reflecting an 84.1% year-over-year decline, indicating ongoing challenges in profitability.
- Revenue Expectations: The anticipated revenue of $279.87 million represents an 84.5% year-over-year drop, highlighting significant pressures on Bakkt's market competitiveness and user growth, which could impact future investment appeal.
- Historical Performance Review: Over the past year, Bakkt has failed to beat EPS estimates 0% of the time but has exceeded revenue estimates 100% of the time, suggesting stability in revenue generation despite weak profitability.
- Market Reaction Analysis: As Bakkt's turnaround nears completion, its partnerships, including with Nexo, and the recent direct offering indicate proactive efforts to seek growth and market share, which may influence future stock price movements.
See More
NYSE Owner Expands Further into Cryptocurrency; Leading Fund Manager Optimistic About Its Shares.
Intercontinental Exchange's Strategy: The parent company of the New York Stock Exchange is expanding its focus to include cryptocurrencies as a significant asset class for investors.
Market Recognition: This move highlights the growing recognition that investors are interested in more than just traditional stocks.
See More
Bakkt Holdings to Announce Q1 Earnings on May 11
- Earnings Announcement Schedule: Bakkt Holdings (BKKT) is set to release its Q1 2023 earnings report on May 11 after market close, with consensus EPS estimate at -$0.10 and revenue estimate at $310.89 million, reflecting a significant 70.9% year-over-year decline.
- Earnings Performance Analysis: Over the past year, BKKT has failed to beat EPS estimates at all, while achieving a 100% success rate in exceeding revenue expectations, indicating strong revenue management but a need for improvement in profitability.
- Valuation and Turnaround Challenges: Despite a low market valuation for Bakkt, analysts emphasize that the company's turnaround requires more empirical evidence to validate its future growth potential and sustainability.
- Financing Developments: Bakkt recently completed a $48.1 million registered direct offering, providing operational funding, although the company's inability to timely file its 2025 Form 10-K has raised concerns in the market.
See More
Bakkt (BKKT) Q4 2025 Earnings Call Transcript
See More
Bakkt Delays Filing of 2025 Annual Report
- Annual Report Delay: Bakkt disclosed in an SEC filing that it was unable to timely file its Form 10-K for the year ended December 31, 2025, due to the need for additional time to finalize consolidated financial statements, which may impact investor confidence in the company's financial transparency.
- Audit Progress Lag: The company's independent registered public accounting firm still needs to complete its first-year independent audit of the consolidated financial statements and internal controls for the fiscal year ended December 31, 2025, which could place greater pressure on the company regarding compliance and financial reporting.
- Financial Performance Overview: Bakkt reported a GAAP loss per share of -$6.55 for 2025, an improvement from -$7.27 in 2024, but its revenue of $2.34 billion fell 32% year-over-year, indicating weak market demand.
- Stock Price Reaction: During pre-market trading, Bakkt's shares rose by 0.52% to $9.69, suggesting that despite the challenges posed by the delayed financial report, the market remains cautiously optimistic about the company's future potential.
See More
Bakkt Holdings Reports Increased Losses in FY Results
- Financial Performance: Bakkt Holdings reported a FY GAAP EPS of -$6.55 with revenue of $2.34 billion, reflecting a 32% year-over-year decline, indicating significant challenges and pressures in the market.
- Adjusted EBITDA Improvement: Despite the overall loss, the adjusted EBITDA (non-GAAP) was negative $32.7 million, improving by 42.9% year-over-year, primarily due to a $24.5 million increase in other income and a $11.7 million reduction in SG&A expenses.
- Financing Activity: Bakkt has priced a registered direct offering to raise $48.1 million, aimed at strengthening its capital structure and supporting future growth strategies.
- Market Outlook: While facing challenges, Bakkt is working towards a turnaround, seeking to re-enter the U.S. market through a partnership with Nexo, highlighting potential growth opportunities in the cryptocurrency sector.
See More
Bakkt Holdings to Announce Q4 Earnings on March 16
- Earnings Announcement: Bakkt Holdings is set to release its Q4 earnings on March 16 after market close, with a consensus EPS estimate of -$0.47, reflecting an 84.1% year-over-year decline, indicating ongoing challenges in profitability.
- Revenue Expectations: The anticipated revenue of $279.87 million represents an 84.5% year-over-year drop, highlighting significant pressures on Bakkt's market competitiveness and user growth, which could impact future investment appeal.
- Historical Performance Review: Over the past year, Bakkt has failed to beat EPS estimates 0% of the time but has exceeded revenue estimates 100% of the time, suggesting stability in revenue generation despite weak profitability.
- Market Reaction Analysis: As Bakkt's turnaround nears completion, its partnerships, including with Nexo, and the recent direct offering indicate proactive efforts to seek growth and market share, which may influence future stock price movements.
See More
NYSE Owner Expands Further into Cryptocurrency; Leading Fund Manager Optimistic About Its Shares.
Intercontinental Exchange's Strategy: The parent company of the New York Stock Exchange is expanding its focus to include cryptocurrencies as a significant asset class for investors.
Market Recognition: This move highlights the growing recognition that investors are interested in more than just traditional stocks.
See More
