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Unless otherwise noted, in this section or elsewhere in this Form 10-K, (1) the term Bakkt" refers to Bakkt, Inc., a Delaware corporation and its subsidiaries, and (2) the terms Company, we, us, and our, refer to the ongoing business operations of Bakkt, Inc. and its subsidiaries, whether conducted through Bakkt or a subsidiary of Bakkt. In this section and elsewhere in this Form 10-K, we use t…
The institution is unprofitable. This typically signals severe credit losses or a business in transition.
Revenue declined 32.1% YoY. For a bank, this often signals contracting loan book or reduced fee income.
Traditional FCF and operating-margin metrics are not meaningful for financial institutions. Evaluate using net interest margin, credit quality, and capital ratios instead.
Profitability & Returns
Revenue (FY)
$2.34B
▼ -32.1% YoY
Net Income (TTM)
-$135M
▼ -129.8% YoY
Net Margin
—
P/E
—
Balance Sheet
Total Assets
$213M
Equity
$171M
Total Debt
$79K
Cash & Equiv.
$80M
3Y CAGR: +246.3%
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