Bakkt annual net debt
2020
2021
2022
2023
2024
2025
Bakkt Net Debt Growth & History (BKKT)
Bakkt's net debt was −$26.4M for fiscal 2025.
View full Bakkt company overviewBakkt annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$26.4M | −$10.9M | — |
| 2024 | 2024-12-31 | −$15.5M | $10.2M | — |
| 2023 | 2023-12-31 | −$25.7M | $46.2M | — |
| 2022 | 2022-12-31 | −$71.9M | $308.2M | — |
| 2021 | 2021-12-31 | −$380.1M | −$307.0M | — |
| 2020 | 2020-12-31 | −$73.1M | — | — |
Bakkt quarterly net debt
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$49.9M | −$20.2M | — |
| Q1 2026 | 2026-03-31 | −$79.9M | −$71.2M | — |
| Q4 2025 | 2025-12-31 | −$26.4M | −$10.9M | — |
| Q3 2025 | 2025-09-30 | −$48.1M | −$39.5M | — |
| Q2 2025 | 2025-06-30 | −$29.7M | −$3.6M | — |
| Q1 2025 | 2025-03-31 | −$8.7M | $25.4M | — |
| Q4 2024 | 2024-12-31 | −$15.5M | $10.2M | — |
| Q3 2024 | 2024-09-30 | −$8.6M | $35.0M | — |
| Q2 2024 | 2024-06-30 | −$26.1M | $32.9M | — |
| Q1 2024 | 2024-03-31 | −$34.1M | −$12.9M | — |
| Q4 2023 | 2023-12-31 | −$25.7M | $46.2M | — |
| Q3 2023 | 2023-09-30 | −$43.7M | $89.6M | — |
| Q2 2023 | 2023-06-30 | −$59.0M | $44.9M | — |
| Q1 2023 | 2023-03-31 | −$21.2M | $316.9M | — |
| Q4 2022 | 2022-12-31 | −$71.9M | $308.2M | — |
| Q3 2022 | 2022-09-30 | −$133.3M | −$111.2M | — |
| Q2 2022 | 2022-06-30 | −$103.9M | −$37.0M | — |
| Q1 2022 | 2022-03-31 | −$338.2M | −$251.2M | — |
| Q4 2021 | 2021-12-31 | −$380.1M | −$307.0M | — |
| Q3 2021 | 2021-09-30 | −$22.1M | — | — |
| Q2 2021 | 2021-06-30 | −$66.9M | — | — |
| Q1 2021 | 2021-03-31 | −$87.0M | — | — |
| Q4 2020 | 2020-12-31 | −$73.1M | — | — |
Bakkt net debt trends
Over the last five fiscal years, Bakkt's net debt increased from −$73.1M to −$26.4M, a change of $46.6M. The latest reported quarter, Q2 2026, shows −$49.9M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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