Bakkt Holdings Inc (BKKT) - Net Assets
Based on the latest financial reports, Bakkt Holdings Inc (BKKT) has net assets worth $128.56 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($258.26 Million) and total liabilities ($129.70 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check BKKT financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $128.56 Million |
| % of Total Assets | 49.78% |
| Annual Growth Rate | -17.27% |
| 5-Year Change | -83.81% |
| 10-Year Change | N/A |
| Growth Volatility | 217.61 |
Bakkt Holdings Inc - Net Assets Trend (2019–2024)
This chart illustrates how Bakkt Holdings Inc's net assets have evolved over time, based on quarterly financial data. Also explore BKKT asset base for the complete picture of this company's asset base.
Annual Net Assets for Bakkt Holdings Inc (2019–2024)
The table below shows the annual net assets of Bakkt Holdings Inc from 2019 to 2024. For live valuation and market cap data, see BKKT company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $62.85 Million | -53.69% |
| 2023-12-31 | $135.71 Million | -59.62% |
| 2022-12-31 | $336.07 Million | -85.35% |
| 2021-12-31 | $2.29 Billion | +490.78% |
| 2020-12-31 | $388.33 Million | +139.28% |
| 2019-12-31 | $162.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bakkt Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 76506100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.00K | 0.01% |
| Other Comprehensive Income | $-841.00K | -2.48% |
| Other Components | $832.69 Million | 2456.76% |
| Total Equity | $33.89 Million | 100.00% |
Bakkt Holdings Inc Competitors by Market Cap
The table below lists competitors of Bakkt Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gelecek Varlik Yonetimi AS
IS:GLCVY
|
$206.04 Million |
|
CANAAN INC SP.ADR CL.A
F:35J
|
$206.07 Million |
|
Diana Shipping Inc.
NYSE:DSX
|
$206.08 Million |
|
Delta Corp Limited
NSE:DELTACORP
|
$206.13 Million |
|
029 GROUP SE INH O.N.
XETRA:Z29
|
$206.00 Million |
|
Mkango Resources Ltd
V:MKA
|
$205.95 Million |
|
Bursa Cimento Fabrikasi AS
IS:BUCIM
|
$205.94 Million |
|
China Rare Earth Holdings Limited
F:RAE
|
$205.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bakkt Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 48,282,000 to 33,894,000, a change of -14,388,000 (-29.8%).
- Net loss of 46,659,000 reduced equity.
- New share issuances of 46,505,000 increased equity.
- Other comprehensive income decreased equity by 740,000.
- Other factors decreased equity by 13,494,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-46.66 Million | -137.66% |
| Share Issuances | $46.51 Million | +137.21% |
| Other Comprehensive Income | $-740.00K | -2.18% |
| Other Changes | $-13.49 Million | -39.81% |
| Total Change | $- | -29.80% |
Book Value vs Market Value Analysis
This analysis compares Bakkt Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.48x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 32.95x to 1.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.26 | $8.57 | x |
| 2020-12-31 | $14.98 | $8.57 | x |
| 2021-12-31 | $8.19 | $8.57 | x |
| 2022-12-31 | $33.82 | $8.57 | x |
| 2023-12-31 | $13.55 | $8.57 | x |
| 2024-12-31 | $5.79 | $8.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bakkt Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -137.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.34%
- • Asset Turnover: 12.96x
- • Equity Multiplier: 7.95x
- Recent ROE (-137.66%) is above the historical average (-408.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -21.76% | 0.00% | 0.00x | 1.17x | $-48.13 Million |
| 2020 | -20.50% | -279.36% | 0.06x | 1.21x | $-118.44 Million |
| 2021 | -51.81% | -615.31% | 0.02x | 5.16x | $-289.50 Million |
| 2022 | -2067.18% | -3539.30% | 0.12x | 4.73x | $-2.00 Billion |
| 2023 | -155.04% | -9.59% | 0.81x | 20.03x | $-79.68 Million |
| 2024 | -137.66% | -1.34% | 12.96x | 7.95x | $-50.05 Million |
Industry Comparison
This section compares Bakkt Holdings Inc's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $527,355,826
- Average return on equity (ROE) among peers: -32.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bakkt Holdings Inc (BKKT) | $128.56 Million | -21.76% | 1.01x | $206.01 Million |
| ACI Worldwide Inc (ACIW) | $267.21 Million | 20.72% | 1.00x | $4.34 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $26.91 Million | -95.01% | 0.21x | $821.47 Million |
| Aeva Technologies, Inc. Common Stock (AEVA) | $456.38 Million | -22.24% | 0.05x | $906.22 Million |
| Axe Compute Inc. (AGPU) | $-2.19 Million | 0.00% | 0.00x | $24.93 Million |
| C3 Ai Inc (AI) | $1.06 Billion | -5.25% | 0.13x | $1.26 Billion |
| iLearningEngines, Inc. (AILE) | $264.32 Million | 0.95% | 0.09x | $59.29 Million |
| PowerFleet, Inc. (AIOT) | $13.57 Million | 2.93% | 0.26x | $437.32 Million |
| Airship AI Holdings Inc (AISP) | $-8.36 Million | 0.00% | 0.00x | $83.39 Million |
| AIxCrypto Holdings, Inc. (AIXC) | $2.68 Million | -233.64% | 0.75x | $5.68 Million |
| Akamai Technologies Inc (AKAM) | $3.19 Billion | 9.35% | 0.71x | $15.05 Billion |
About Bakkt Holdings Inc
Bakkt, Inc. engages in building financial infrastructure. The company provides solutions that enable institutional participation in the digital asset economy " spanning Bitcoin, tokenization, stablecoin payments, and AI-driven finance. It serves client, such as financial institutions, fintechs, broker-dealers, neobanks, registered investment advisers, funds, merchants, and other businesses. It ma… Read more