Bakkt (NYSE:BKKT) Posts Earnings Results

Bakkt (NYSE:BKKT) issued its earnings results on Wednesday. The company reported ($2.95) EPS for the quarter, Zacks reports. Bakkt had a negative net margin of 2.84% and a negative return on equity of 62.65%. The firm had revenue of $1.80 billion during the quarter. During the same period last year, the firm earned ($0.29) earnings per share. Bakkt updated its Q1 2025 guidance to EPS.

Bakkt Stock Up 12.5 %

Shares of NYSE:BKKT opened at $10.47 on Friday. The stock’s 50 day moving average is $17.15 and its 200-day moving average is $17.46. Bakkt has a twelve month low of $5.57 and a twelve month high of $37.21. The firm has a market capitalization of $143.19 million, a price-to-earnings ratio of -0.86 and a beta of 5.47.

Bakkt Company Profile

Bakkt Holdings, Inc offers software as a service and application programming interface solutions for crypto and loyalty, powering engagement, and performance. The company operates Bakkt Marketplace, a platform that enables consumers to buy, sell, and store crypto in an embedded web experience; Bakkt Crypto, a platform that supports clients with a range of crypto solutions; and Bakkt Trust, institutional-grade qualified custody solution for market participants.