Bakkt, Inc.
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Bakkt, Inc.'s yearly results (2022–2025), compared with Technology companies in United States. Tap ? on any ratio for what it means.
What stands out
- Debt Due Cover Ratio: Operating cash was negative last year, while some debt falls due within a year. Lower than almost all Technology companies in United States.
- Shareholder Slice Ratio: Share count rose 688% in 3 years, so each share's slice of the company became smaller. Bigger rise in share count than 94% of Technology companies in United States.
- Self-Funding Ratio: Over the last 3 years operating cash was negative while the company kept spending on investment (capex). Lower than 89% of Technology companies in United States.
Cash quality
Profit Cash Ratio
—Loss-making or profit too small
Over the last 3 years profit was a loss or under 2% of sales, so cash per 100 of profit is not meaningful.
Self-Funding Ratio
-14.4×Over the last 3 years operating cash was negative while the company kept spending on investment (capex).
Lower than 89% of Technology companies in United States.
Cash Locked Ratio
—Data incomplete
Growth quality
Steadiness Ratio
2/3 · 2/3Sales grew in 2 of the last 3 years; profit grew in 2 of 3.
Steadier than 54% of Technology companies in United States.
Growth Efficiency Ratio
$21Sales grew 4,053% in 3 years; of every extra $100 of sales, $21 became extra profit.
Higher than 51% of Technology companies in United States.
Asset Productivity Ratio
+4053% / -64%In 3 years sales changed by +4053% while total assets changed by -64%. Sales grew faster than assets.
Balance-sheet strength
Debt Due Cover Ratio
-279.4×Operating cash was negative last year, while some debt falls due within a year.
Lower than almost all Technology companies in United States.
Cash Cushion Ratio
+12%Cash, after subtracting all debt, equals 12% of its market value (net cash).
Higher than 78% of Technology companies in United States.
Tangible Assets Ratio
57%Of every $100 the company owns, $57 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
Less tangible than 71% of Technology companies in United States.
Tangible Net Worth Ratio
38%Of every $100 of net worth, $38 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
Less tangible than 56% of Technology companies in United States.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (12)
Bakkt, Inc. made a loss over the last year. Bakkt, Inc. owes $0.12 for every $1 it owns. Bakkt, Inc. made a loss in each of the last two years.
Compared with Technology companies in United States · latest annual results Dec 2025.
P/E ratio
LossBakkt, Inc. made a loss over the last year, so its P/E ratio is not meaningful.
P/B ratio
0.64The share price is 0.64 times Bakkt, Inc.'s book value per share, lower than 91% of Technology companies in United States.
Market cap
$228 MThe total market value of all of Bakkt, Inc.'s shares at today's price (share price × number of shares), smaller than 69% of Technology companies in United States. PosiCap size class: Mini Cap.
Net worth (book value)
$354 MWhat Bakkt, Inc. would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (30 Jun 2026).
Book value per share
$7.86Net worth divided by the number of shares. The share price of $5.06 is 0.6 times this, which is the P/B above.
Return on equity (ROE)
-10.2%Bakkt, Inc. lost 10.2% of its shareholders' money over the last year, lower than 67% of Technology companies in United States.
Owes vs Owns
0.12×Bakkt, Inc. owes $0.12 for every $1 it owns (low), lower than 92% of Technology companies in United States.
Dividend yield
NoneBakkt, Inc. does not currently pay a dividend.
Revenue growth
-32%Revenue fell 32% in the year to Dec 2025, and grew 246% a year on average over 3 years.
Profit growth
LossBakkt, Inc. made a loss in each of the last two years.
Profit margin
-4.6%Bakkt, Inc. lost $5 for every $100 of revenue.
Cash vs debt
Net cashBakkt, Inc. held $27 M more cash than debt (net cash) at Dec 2025.
Questions
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Bakkt, Inc.: $228 M ÷ $354 M (30 Jun 2026) = 0.6.
What is Bakkt, Inc.'s return on equity?
Bakkt, Inc. lost 10.2% of its shareholders' money over the last year, lower than 67% of Technology companies in United States.
How much does Bakkt, Inc. owe compared with what it owns?
Bakkt, Inc. owes $0.12 for every $1 it owns (low), lower than 92% of Technology companies in United States.
Does Bakkt, Inc. pay a dividend?
No. Bakkt, Inc. does not currently pay a dividend.
Is Bakkt, Inc.'s revenue growing?
Revenue fell 32% in the year to Dec 2025, and grew 246% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.