What is the 13F Pro Quality Score for BKKT?

13F Pro ranks Bakkt, Inc. (BKKT) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View BKKT's current score at https://13fpro.ai/research/BKKT (free sign-up required for the full ranking).

Which hedge funds own the most BKKT stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of BKKT include BlackRock,, Alyeska Investment Group, L.P., Toroso Investments,. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/BKKT as soon as new 13F filings post.

Where does 13F Pro source BKKT data?

All Bakkt, Inc. fundamentals and ownership data come directly from SEC EDGAR. Bakkt, Inc. files with the SEC under CIK 1820302. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is BKKT in?

Bakkt, Inc. (BKKT) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is BKKT research updated on 13F Pro?

BKKT's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Bakkt, Inc.(BKKT)Stock Analysis

AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →

Financials →NYSE

Institutional-grade research for retail investors

SEC EDGAR: CIK 1820302 BKKT stock profile & AI dashboard →

13F Pro Quality Score

48.0/100

Rank #1,575 of 2,879 stocks

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

91.4/100

Profitability

39.1/100

Balance Sheet

11.3/100

Earnings Quality

30.0/100

Free Cash Flow

22.3/100

Institutional Flow

76.2/100

Revenue Scale

66.2/100

Dilution Risk

33.0/100

BKKT Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Bakkt, Inc. (BKKT), a Financials sector company. 13F Pro's AI-powered ranking engine scores BKKT at 48.0/100 on a 32-signal composite quality model, placing it at rank #1,575 of 2,879 stocks — the bottom half of the AI-ranked universe. BKKT scores in the top quartile across revenue growth (91.4), institutional flow (76.2). Areas of concern include balance sheet strength (11.3) and free cash flow (22.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 33.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Bakkt, Inc. reports net income of $-11.7M, free cash flow of $-12.1M. Top institutional holders of BKKT by reported 13-F value include BlackRock,, Alyeska Investment Group, L.P., Toroso Investments,, based on the most recent SEC filings. BKKT trades on the NYSE exchange and files with the SEC under CIK 1820302. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BKKT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Bakkt, Inc. directly from SEC EDGAR. Bakkt, Inc.'s 13F Pro composite quality score has ranged between 22 and 55 since 2022, currently 48.0 — an improving long-term trajectory across 24 quarterly and live scoring snapshots.

✦

Fun facts about Bakkt, Inc.

Quirks, history, and lore behind BKKT — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financial technology company · listed on the NYSE · headquartered in Atlanta, Georgia · operates in digital assets and payments.
2
The Numbers
A small-cap with revenue in the tens of millions annually — not exactly printing money, which is ironic given what it helps people trade.
3
The History
Spun out of the Intercontinental Exchange — the same parent behind the New York Stock Exchange — and went public via a SPAC merger in 2021.
4
The Secret
Its original pitch was a federally regulated marketplace for Bitcoin futures and crypto custody — Wall Street's first serious attempt to make digital assets respectable.
5
The Lore
Starbucks was an early high-profile loyalty rewards partner, raising eyebrows when a coffee chain became part of the crypto infrastructure conversation.
6
The Giveaway
Its name is a portmanteau of "Bitcoin" and "backed" — a crypto exchange platform born from the NYSE's parent that trades under a ticker rhyming with "rocket."

▶ Think you know your stocks? Play the Daily Ticker

Net Income

Q1 2026

$-11.7M

Free Cash Flow

Q1 2026

$-12.1M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+133724.8% YoY

$2.34BFY 2025

FY20 $28.5MFY22 $1.7MFY25 $2.34B

Net Income

+81.5% YoY

$-107.2MFY 2025

FY20 $-79.6MFY22 $-578.1MFY25 $-107.2M

Operating Income

+92.7% YoY

$-147.8MFY 2025

FY20 $-79.1MFY22 $-2.02BFY25 $-147.8M

EPS (Diluted)

+95.6% YoY

$-8.87FY 2025

FY20 —FY22 $-203.08FY25 $-8.87

Total Assets

-64.3% YoY

$162.8MFY 2025

FY20 $208.8MFY22 $455.5MFY25 $162.8M

Total Debt

—FY 2025

FY20 $0.00FY22 —FY25 —

Op. Cash Flow

-30.4% YoY

$-153.4MFY 2025

FY20 $-30.9MFY22 $-117.6MFY25 $-153.4M

Metric	FY 2025	FY 2022	FY 2020
Revenue	$2.34B +133724.8%	$1.7M -93.9%	$28.5M
Net Income	$-107.2M +81.5%	$-578.1M -626.2%	$-79.6M
Operating Income	$-147.8M +92.7%	$-2.02B -2451.7%	$-79.1M
EPS (Diluted)	$-8.87 +95.6%	$-203.08	—
Total Assets	$162.8M -64.3%	$455.5M +118.2%	$208.8M
Total Debt	—	—	$0.00
Operating Cash Flow	$-153.4M -30.4%	$-117.6M -280.1%	$-30.9M

AI Insight: BKKT Financial Trends

Operating losses persist across all eight quarters while equity surged to $171M in Q1 2026, suggesting dilutive capital raises are funding ongoing cash burn.

• Operating income has never turned positive, ranging from -$12M to -$91M; Q4 2025's -$91M marks the worst quarter on record.

• Equity jumped from $35M in Q2 2025 to $171M in Q1 2026, a $136M increase, likely from equity issuance rather than earnings.

• Revenue data is missing for Q3 2025 through Q1 2026, making it impossible to assess top-line trajectory in the most recent three quarters.

• Operating cash flow swung from +$31M in Q4 2024 to -$101M in Q1 2025, then remained negative in four of the five most recent quarters.

⚠ Net loss ballooned to -$85M in Q4 2025 — the largest single-quarter loss in the dataset — signaling potential one-time charges or accelerating burn.

⚠ Revenue figures absent for Q3 2025–Q1 2026; disclosure of top-line trends is critical to assessing business viability.

⚠ Debt data is unavailable across all periods; leverage and debt-service capacity cannot be evaluated.

AI Insight: BKKT Ratio Trends

Bakkt's returns remain deeply negative across all periods, with TTM ROIC at -85.6% signaling sustained capital destruction.

• ROE swung from +70.0% in Q1 2025 to -167.0% in Q2 2025, then partially recovered to -27.3% in Q1 2026.

• ROA deteriorated from -1.0% in Q3 2024 to -31.0% in Q2 2025, improving only modestly to -21.8% in Q1 2026.

• ROIC of -39.6% in Q1 2026 is an improvement from -69.3% in Q3 2025, but TTM ROIC of -85.6% reflects persistent destruction.

⚠ OpMargin and NPM data absent for Q3 2025 through Q1 2026 — limited visibility into operating cost trajectory.

⚠ Q1 2025's brief positive NPM (0.7%) and ROE (70.0%) appear one-off; no follow-through observed in subsequent quarters.

⚠ D/E ratio absent throughout — leverage structure and debt serviceability remain unquantifiable from available data.

Get alerted when BKKT's score changes

Free account: watchlist tracking, the daily AI brief, and the AI screener.

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Available Research

13F Pro tracks comprehensive data for Bakkt, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of BKKT

BlackRock, Inc.
$8.5M1,153,865 sh
Alyeska Investment Group, L.P.
$7.5M1,023,810 sh
Toroso Investments, LLC
$7.0M947,547 sh
Weiss Asset Management LP
$5.0M678,530 sh
VANGUARD CAPITAL MANAGEMENT LLC
$4.6M623,335 sh
GEODE CAPITAL MANAGEMENT, LLC
$4.2M569,841 sh
LMR Partners LLP
$4.2M566,971 sh
RENAISSANCE TECHNOLOGIES LLC
$3.2M441,100 sh
CITADEL ADVISORS LLC
$2.7M367,087 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$2.4M327,900 sh

Fund	Value	Shares
BlackRock, Inc.	$8.5M	1,153,865
Alyeska Investment Group, L.P.	$7.5M	1,023,810
Toroso Investments, LLC	$7.0M	947,547
Weiss Asset Management LP	$5.0M	678,530
VANGUARD CAPITAL MANAGEMENT LLC	$4.6M	623,335
GEODE CAPITAL MANAGEMENT, LLC	$4.2M	569,841
LMR Partners LLP	$4.2M	566,971
RENAISSANCE TECHNOLOGIES LLC	$3.2M	441,100
CITADEL ADVISORS LLC	$2.7M	367,087
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$2.4M	327,900

More Financials Companies

View all Financials →

AAAU

Goldman Sachs Physical Gold ETF

AACB

Artius II Acquisition Inc.

AACI

Armada Acquisition Corp. III

AACO

Abony Acquisition Corp. I

AACP

Apogee Acquisition Corp

AAC-UN

Ares Acquisition Corp III

AAME

ATLANTIC AMERICAN CORP

AAMI

Acadian Asset Management Inc.

Put BKKT on your watchlist

Track score changes the day Bakkt, Inc. files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.

View Pricing

Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Popular Research

AAPL

Apple

MSFT

Microsoft

NVDA

NVIDIA

GOOG

Alphabet

AMZN

Amazon

Is BKKT a good stock to buy?

13F Pro's AI-powered analysis of Bakkt, Inc. (BKKT) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BKKT are available on the BKKT stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own BKKT?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BKKT. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Bakkt, Inc.'s investment landscape.