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Bakkt Holdings Inc operates technology that connects the digital economy by offering a platform for crypto and redeeming loyalty points. Its institutional-grade technology platform provides a custody solution that caters to more experienced market participants to store crypto and provides consumers, businesses, and institutions with the ability to buy, sell, and store crypto in a simple, intuitive digital experience accessed via application programming interfaces (APIs) or embedded web experience and Loyalty offers a full spectrum of content that clients can make available to its customers when redeeming loyalty currencies. It generates revenue in the form of Subscription and service and Transaction revenue.
2018
559
LTM Revenue $3.5B
Last FY EBITDA -$83.4M
$78.3M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Bakkt has a last 12-month revenue (LTM) of $3.5B and a last 12-month EBITDA of n/a.
In the most recent fiscal year, Bakkt achieved revenue of $3.5B and an EBITDA of -$83.4M.
Bakkt expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Bakkt valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $3.5B | XXX | $3.5B | XXX | XXX | XXX |
| Gross Profit | $3.5B | XXX | $87.0M | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 2% | XXX | XXX | XXX |
| EBITDA | n/a | XXX | -$83.4M | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | -2% | XXX | XXX | XXX |
| EBIT | n/a | XXX | -$83.7M | XXX | XXX | XXX |
| EBIT Margin | n/a | XXX | -2% | XXX | XXX | XXX |
| Net Profit | -$46.7M | XXX | -$46.7M | XXX | XXX | XXX |
| Net Margin | -1% | XXX | -1% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Bakkt's stock price is $12.
Bakkt has current market cap of $78.4M, and EV of $78.3M.
See Bakkt trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $78.3M | $78.4M | XXX | XXX | XXX | XXX | $-7.97 |
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Start Free TrialAs of May 30, 2025, Bakkt has market cap of $78.4M and EV of $78.3M.
Bakkt's trades at 0.0x EV/Revenue multiple, and -0.9x EV/EBITDA.
Equity research analysts estimate Bakkt's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Bakkt has a P/E ratio of -1.7x.
See valuation multiples for Bakkt and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $78.4M | XXX | $78.4M | XXX | XXX | XXX |
| EV (current) | $78.3M | XXX | $78.3M | XXX | XXX | XXX |
| EV/Revenue | 0.0x | XXX | 0.0x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | -0.9x | XXX | XXX | XXX |
| EV/EBIT | n/a | XXX | -0.9x | XXX | XXX | XXX |
| EV/Gross Profit | 0.0x | XXX | n/a | XXX | XXX | XXX |
| P/E | -1.7x | XXX | -1.7x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | -3.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialBakkt's revenue per employee in the last FY averaged $6.2M, while opex per employee averaged $0.3M for the same period.
Bakkt's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Bakkt's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Bakkt and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | -2% | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $6.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 5% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Phoenix Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Jasmine Technology Solution | XXX | XXX | XXX | XXX | XXX | XXX |
| Advanced Blockchain | XXX | XXX | XXX | XXX | XXX | XXX |
| Bitcoin Group | XXX | XXX | XXX | XXX | XXX | XXX |
| More Impact | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Bakkt acquired XXX companies to date.
Last acquisition by Bakkt was XXXXXXXX, XXXXX XXXXX XXXXXX . Bakkt acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Bakkt founded? | Bakkt was founded in 2018. |
| Where is Bakkt headquartered? | Bakkt is headquartered in United States of America. |
| How many employees does Bakkt have? | As of today, Bakkt has 559 employees. |
| Who is the CEO of Bakkt? | Bakkt's CEO is Mr. Andrew A. Main. |
| Is Bakkt publicy listed? | Yes, Bakkt is a public company listed on NYS. |
| What is the stock symbol of Bakkt? | Bakkt trades under BKKT ticker. |
| When did Bakkt go public? | Bakkt went public in 2021. |
| Who are competitors of Bakkt? | Similar companies to Bakkt include e.g. Phoenix Group, Jasmine Technology Solution, Advanced Blockchain, Bitcoin Group. |
| What is the current market cap of Bakkt? | Bakkt's current market cap is $78.4M |
| What is the current revenue of Bakkt? | Bakkt's last 12 months revenue is $3.5B. |
| What is the current EV/Revenue multiple of Bakkt? | Current revenue multiple of Bakkt is 0.0x. |
| Is Bakkt profitable? | Yes, Bakkt is EBITDA-positive (as of the last 12 months). |
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