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Upturn AI Summary - About
Bakkt, Inc.(BKKT)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for BKKT
10/08/2026: BKKT (1-star) is a SELL. SELL for 1 day. Simulated Profits (-20.20%). Updated daily EoD!
Bakkt Holdings Inc is a fintech company specializing in institutional-grade crypto custody and enterprise-focused loyalty platform infrastructure. Its primary strength lies in its compliant, secure architecture designed for financial institutions looking to enter the digital asset space. The company's growth story centers on its pivot toward B2B services, aiming to capture volume through partner bank integration. However, Bakkt faces substantial risks, including high cash burn, intense competition from larger incumbents, and heavy sensitivity to volatile crypto market trends. It remains a speculative play suited for growth-oriented investors who can tolerate high risk and should closely monitor updates regarding cash runway and new enterprise contract wins.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | While operating in a high-growth sector, the company has yet to demonstrate a consistent path to profitable scaling. |
| Momentum investor | Mixed fit | The stock experiences high volatility often correlated with crypto market cycles, making it a speculative momentum play. |
| Value investor | Weak fit | The lack of consistent earnings and negative cash flow makes this unsuitable for traditional value investing. |
| Dividend investor | Weak fit | The company does not pay a dividend and focuses on cash preservation for growth. |
| Low-risk investor | Weak fit | High regulatory, operational, and market risk profile makes this unsuitable for conservative investors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is highly sensitive to fluctuations in the broader cryptocurrency market. |
| Valuation risk | High | Uncertain future earnings potential creates difficulty in establishing a firm valuation floor. |
| Competition risk (Crypto/Fintech) | High | Established incumbents with massive scale pose a constant threat to market share. |
| Business quality | Medium | The company provides specialized infrastructure, but faces ongoing challenges in scaling the model profitably. |
| Dividend income | Low / none | There is no current expectation of income distribution. |
| Execution risk | High | Successful turnaround depends on complex integration of services and acquiring stable B2B partners. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit -45.02% | Avg. Invested days 15 | Today’s Advisory SELL |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/08/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 327.65M USD | Price to earnings Ratio - | 1Y Target Price 12 |
Price to earnings Ratio - | 1Y Target Price 12 | ||
Volume (30-day avg) 1.3M shares | Beta 6.07 | 52 Weeks Range 6.71 - 47.17 | Updated Date 10/08/2026 |
52 Weeks Range 6.71 - 47.17 | Updated Date 10/08/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -3.67 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Crypto Solutions | Fees from custody services, trading commissions, and platform integration for financial institutions. | Revenue depends on volume and institutional adoption of digital assets. |
| Loyalty Solutions | Platform service fees for managing and redeeming loyalty programs for enterprise clients. | Provides a steadier, albeit smaller, revenue stream compared to trading. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE - | Forward PE - | Enterprise Value 346.83M | Price to Sales(TTM) 0.29 |
Enterprise Value 346.83M | Price to Sales(TTM) 0.29 | ||
Enterprise Value to Revenue 0.31 | Enterprise Value to EBITDA 0.79 | Shares Outstanding 45.07M | Shares Floating 35.92M |
Shares Outstanding 45.07M | Shares Floating 35.92M | ||
Percent Insiders 40.22 | Percent Institutions 28.53 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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