Develops digital asset trading and payment infrastructure for institutions and customers.
Dec 2025Revenue $2.34B/yrExpenses $2.48B/yr
No trendCash runway ≈ 7 months from Jun 2026
Figures by year
When will Bakkt be profitable?
Its figures don’t show a steady enough trend to project a date. In the 12 months to Dec 2025, revenue was $2.34B and expenses $2.48B.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | $2.34B | $2.48B | −$148M |
| Dec 2024 | $3.44B | $3.52B | −$82.6M |
| Dec 2023 | $727M | $883M | −$156M |
| Dec 2022 | $56.2M | $2.08B | −$2.02B |
| Dec 2020 | $28.5M | $108M | −$79.1M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.