BKKT Bakkt, Inc.
XNYS
4.70
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
BKKT
$4.70
—
What changed
Recent filings, trades and movesKey stats
$4.70
- 52-Week Range
- $3.86 – $25.00
- YTD
- -58.22%
- IV Rank (30D)
- 25.69
- Straddle Price
- $1.27
- P/C Vol Ratio
- 0.18
- Market Cap
- $0.2B
- Open
- $4.27
- Day Range
- $4.15 – $4.76
- Volume
- 1,292,594
- Prev Close
- $4.30
Fair Value
+50.0% vs price
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.90% |
| Beta vs SPY | 2.37 |
| Cost of Equity (CAPM) | 17.92% (VRP-adj) |
| WACC | 18.03% |
| Volatility Risk Premium | +78.4pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | -10.0% |
| DCF Horizon | 5 years explicit + fade |
| Free Cash Flow (TTM) | $-0.1B |
| Return on Equity (TTM) | -8.8% |
| Book / Price | 197.7% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 1.3% |
| FCF Margin (TTM) | -7.7% |
| Debt / Equity | 0.00 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $6.88 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $5.24 |
| Bollinger Width / SMA20 | 51.9% (drives anchor stability) |
| Net Debt | $-0.0B |
| Market Cap | $0B |
Peers used for multiples: COIN, CRCL, GLXY, GPGI
(filtered from 8 ETF-co-members; sector bias active)
Blended Fair Value
$16.35
Deviation
+50.0%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | |
| Peer EV/EBITDA | n/a | 0% | median 9.5× · 3 peers |
| Peer P/B | $16.87 | 21% | median 2.0× · 4 peers |
| Peer P/S | $111.53 | 7% | median 4.2× · 3 peers |
| Market Anchor (SMA50) | $6.88 | 72% | stability 77% (BB-width) |
| Options Expected (B-L 30d) | $4.28 | 0% | 6 strikes · skew -0.26 |
As of 2026-11-09 · updated
Related
About
- Industry (SIC)
- FINANCE SERVICES (6199) · industry map
- Exchange
- XNYS
- Market Cap
- $0.2B
- Employees
- 48
- List Date
- 2021-10-15
- CIK
- 0001820302
- Next Earnings
- 2026-11-09 (After-Close)
- EPS Forecast
- $0.21
- Headquarters
- Atlanta, GA
- Homepage
- https://www.bakkt.com
Bakkt Inc builds digital financial infrastructure designed to support institutional participation in the digital asset economy. The company platform is built to accommodate various digital assets and offers its clients the flexibility to build a product that aligns with its vision and customers' needs. Its services include Bakkt Markets, Bakkt Agent, Bakkt Global.
Summary
—
composite
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No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -- | -48.38% | 35.34% | -35.38% | -30.97% | 19.02% | -12.07% |
| Feb | -- | 23.86% | -10.98% | -59.15% | -25.88% | -22.02% | -18.83% |
| Mar | -- | 11.19% | 21.99% | -20.72% | -35.78% | -26.10% | -9.88% |
| Apr | -- | -38.98% | -20.59% | -42.22% | 3.30% | 19.06% | -15.89% |
| May | -- | -25.59% | 8.40% | 178.92% | 11.49% | 26.84% | 40.01% |
| Jun | -- | -23.36% | -15.17% | 11.10% | 20.67% | -25.62% | -6.48% |
| Jul | -- | 29.49% | 25.00% | -8.85% | -29.64% | -16.53% | -0.11% |
| Aug | -- | -8.16% | -13.21% | -11.06% | -6.00% | 4.35% | -6.82% |
| Sep | -- | -11.97% | -17.61% | -26.61% | 265.76% | 7.58% | 43.43% |
| Oct | 385.39% | -6.17% | -10.62% | 5.89% | -18.98% | -39.82% | 52.62% |
| Nov | -56.91% | -18.43% | 59.57% | 196.28% | -41.33% | 5.68%* | 24.14% |
| Dec | -39.21% | -33.89% | 18.62% | -2.36% | -27.51% | -- | -16.87% |
| Total | 27.15% | -86.90% | 62.29% | -31.71% | -61.94% | -54.09% | -24.20% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $5.13
SMA 50: $6.82
SMA 200: $8.47
Current: $4.65
EMA 12: $4.82
EMA 26: $5.52
MACD: -0.7034 | Signal: 0.0182
BEARISH
ADX (14): 33.27
TREND
+DI: 18.42
−DI: 36.00
Momentum Oscillators
RSI (14): 36.87
NEUTRAL
Stoch %K: 26.46
Stoch %D: 22.94
Williams %R: -59.28
Volume & Volatility
BB Upper: $6.31
BB Lower: $3.96
NEUTRAL
OBV: 9,322,463
Vol SMA 20: 1,199,069
Vol ROC: 46.90%
ATR: $0.47
True Range: $0.61
HV 20: 89.1%
HV 30: 73.5%
HV 60: 92.7%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-11T00:00:00 – 2026-11-09T00:00:00
AI Analysis
Written before BKKT’s Nov 9 earnings report, so it doesn’t reflect the results.
LLM Stock Analysis Report: BKKT
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key drivers:
- Technical signals indicate a range-bound market with no clear trend direction.
- News sentiment is mixed, with some positive headlines balanced by negative earnings-related news.
Primary risks:
- High volatility and beta suggest significant price swings.
- Options market pricing a $2.15 move by expiration, indicating potential for large price fluctuations.
Investment Thesis: BKKT presents a neutral investment opportunity, as the stock's recent performance is heavily influenced by its beta and volatility. While some positive news has emerged, earnings-related news remains a significant concern. Investors should carefully consider risk management strategies to mitigate potential losses.
Recent news sentiment impact: The positive news headlines have contributed to a slight upward bias in the market, but overall, the neutral sentiment has not significantly impacted the stock's price action.
Technical Analysis
Trend Direction: RANGE-BOUND (Short-term), NEUTRAL (Medium-term), BEARISH (Long-term)
Support/Resistance Levels:
- Upper Bollinger Band: $8.41
- Middle Line: $7.63
- Lower Bollinger Band: $6.84
Momentum Signals:
- RSI (14): 48.45 (neutral)
- MACD: -0.28 / Signal: 0.03 / Histogram: -0.31 (bearish)
News & Sentiment Analysis
Recent Headlines Summary: Mixed sentiment, with some positive news on insider purchases and stablecoin growth strategy, balanced by negative earnings-related headlines.
Sentiment Assessment: NEUTRAL (Positive 2, Negative 2, Neutral 3)
Catalyst Identification: Earnings release date not available; however, the options market is pricing a $2.15 move by expiration, indicating potential for large price fluctuations around that event.
Risk & Volatility Assessment
Beta Interpretation: High risk (beta >1.5), as the stock's volatility and beta are significantly higher than the broader market.
Volatility Regime: Current vs historical volatility levels: Higher than average, with a historical volatility of 95.0%.
Options Market Signals: IV Rank: 50.2% (Medium), Current IV: 198.1%, Expected Move: $2.15 (32 DTE)
Market Context & Positioning
Sector Performance: BKKT's beta and volatility are higher than its sector peers, indicating a more volatile stock.
Institutional Activity: Institutional investors have been net sellers in the recent past, which may contribute to the stock's neutral sentiment.
Correlation Analysis: Correlation with SPY: 0.40 (positive), suggesting some positive correlation with market trends.
Key Levels & Action Items
Critical Price Levels:
- Support: $7.63
- Resistance: $8.41
Breakout/Breakdown Levels:
- Breakout: $9.00
- Breakdown: $6.50
Time-Sensitive Catalysts: Earnings release date not available; however, the options market is pricing a $2.15 move by expiration.
Risk Management: Investors should consider stop-loss levels and position sizing considerations to manage potential losses in this highly volatile environment.
Please note that this report provides an analysis framework, and actual data may vary based on specific stock performance.
Generated
News
All BKKT news →
Earnings History
15 of 18 under expected move
Avg Expected Move
31.85%
Avg Actual Move
8.48%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-11-12 | Pre-Market | 15.92% | 7.19% | 0.45x | Within |
| 2022-02-03 | Pre-Market | 8.17% | 4.82% | 0.59x | Within |
| 2022-05-12 | Pre-Market | 25.99% | 30.23% | 1.16x | Exceeded |
| 2022-08-11 | Pre-Market | 16.25% | 3.48% | 0.21x | Within |
| 2022-10-28 | Pre-Market | 23.85% | 2.36% | 0.10x | Within |
| 2023-05-11 | Pre-Market | 17.29% | 5.84% | 0.34x | Within |
| 2023-08-10 | Pre-Market | 25.17% | 2.84% | 0.11x | Within |
| 2024-02-29 | Pre-Market | 22.33% | 43.14% | 1.93x | Exceeded |
| 2024-08-14 | After-Close | 81.00% | 12.37% | 0.15x | Within |
| 2024-11-14 | Pre-Market | 15.18% | 5.03% | 0.33x | Within |
| 2025-03-19 | Pre-Market | 119.24% | 0.21% | 0.00x | Within |
| 2025-05-12 | Pre-Market | 66.17% | 0.40% | 0.01x | Within |
| 2025-08-11 | Pre-Market | 60.82% | 8.23% | 0.14x | Within |
| 2025-11-12 | Pre-Market | 12.46% | 0.65% | 0.05x | Within |
| 2026-01-20 | Pre-Market | 15.32% | 23.48% | 1.53x | Exceeded |
| 2026-03-16 | After-Close | 16.08% | 0.10% | 0.01x | Within |
| 2026-05-11 | Pre-Market | 16.50% | 0.71% | 0.04x | Within |
| 2026-08-10 | Pre-Market | 15.60% | 1.59% | 0.10x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
BKKT Options Activity & IV Rank
BKKT IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 108.0%
7-DTE IV: 132.6%
Expected Move: $1.27
7-DTE Move: $0.68
Days to Exp: 32 (2026-12-11)
Options Flow · All expiries
Call Volume: 4,598
Put Volume: 826
P/C Volume: 0.18
BULLISH
Call OI: 27,112
Put OI: 3,673
P/C OI: 0.135
Total OI: 30,785
ATM Options Pricing
ATM Call: $0.45
ATM Put: $0.82
Call %: 9.6%
Put %: 17.6%
Chain Summary
Chain Volume: 5,424
Chain OI: 30,785
Last Updated: 11/9/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 64th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
64%
vs own history
GEX tilt
+0.93
OI-weighted, today
Vanna tilt
+0.77
δ-sensitivity to IV
Charm tilt
-0.79
δ-decay vs time
Vanna tilt +0.77: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.79: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 9 ATM contracts, 1k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM 133.1% / Wing —
30 DTE / 10d
100%
+38.1
pts
EXTREME
ATM 108.9% / Wing 147.0%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)43.2MediumNov 9
IV Rank (30 DTE)25.7MediumNov 9
Straddle Price (30 DTE)$1.27Nov 9
Beta Analysis
Risk Metrics
Beta: 3.7454
Alpha: -156.51%
Correlation: 0.4951
R-Squared: 24.5%
Stock Volatility: 104.0%
Market Volatility: 13.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own BKKT
1 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Renaissance Technologies Hedge fund Jim Simons | $2.4M | #1856 of 3138 | -29.9% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
BKKT Institutional Ownership (13F)
Filings for 2026-06-30 · 35 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 26,108,443 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
11 filers$8.62M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $2.28M | 26.47% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $1.51M | 17.55% | 2026-06-30 |
| 3 | IMC-Chicago, LLC Custodian | $1.39M | 16.10% | 2026-09-30 |
| 4 | D. E. Shaw & Co., Inc. Custodian | $923.92K | 10.71% | 2026-06-30 |
| 5 | Jane Street Group, LLC Custodian | $794.28K | 9.21% | 2026-06-30 |
| 6 | GROUP ONE TRADING LLC Custodian | $709.15K | 8.22% | 2026-06-30 |
| 7 | Millennium Management LLC Custodian | $585.75K | 6.79% | 2026-06-30 |
| 8 | Simplex Trading, LLC Custodian | $216.34K | 2.51% | 2026-09-30 |
| 9 | Goldman Sachs Group Inc Custodian | $109.34K | 1.27% | 2026-06-30 |
| 10 | Point72 Asset Management, L.P. | $79.66K | 0.92% | 2026-06-30 |
| 11 | PRELUDE CAPITAL MANAGEMENT, LLC | $20.25K | 0.23% | 2026-06-30 |
6 filers$2.92M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $1.26M | 43.30% | 2026-06-30 |
| 2 | IMC-Chicago, LLC Custodian | $813.80K | 27.87% | 2026-09-30 |
| 3 | Susquehanna International Group, LLP Custodian | $456.10K | 15.62% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $292.09K | 10.00% | 2026-06-30 |
| 5 | GROUP ONE TRADING LLC Custodian | $72.63K | 2.49% | 2026-06-30 |
| 6 | Simplex Trading, LLC Custodian | $21.09K | 0.72% | 2026-09-30 |
BKKT Insider Trading (Form 4)
Latest: 2026-10-02Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-02 | Nicholas Baes | Chief Operating Officer | Award (A) | +30,000 | — | EDGAR | |
| 2026-10-02 | Marc D'Annunzio | General Counsel & Secretary | Award (A) | +45,000 | — | EDGAR | |
| 2026-10-02 | Akshay Sudhir Naheta | Chief Executive Officer | Award (A) | +243,454 | — | EDGAR | |
| 2026-10-02 | Joseph Sean-Walsh Henderson | Chief Accounting Officer | Award (A) | +20,000 | — | EDGAR | |
| 2026-09-25 | Marc D'Annunzio | General Counsel & Secretary | Sell (S) | −1,272 | $8.61 | -$11.0K | EDGAR |
| 2026-09-25 | Nicholas Baes | Chief Operating Officer | Sell (S) | −1,272 | $8.61 | -$11.0K | EDGAR |
| 2026-09-25 | Joseph Sean-Walsh Henderson | Chief Accounting Officer | Sell (S) | −282 | $8.61 | -$2.4K | EDGAR |
| 2026-08-19 | Michael Alfred | Director | Buy (P) | +296,567 | $7.12 | $2.11M | EDGAR |
| 2026-07-17 | Marc D'Annunzio | General Counsel & Secretary | Sell (S) | −539 | $8.44 | -$4.5K | EDGAR |
| 2026-07-17 | Karen Alexander | Chief Financial Officer | Sell (S) | −657 | $8.44 | -$5.5K | EDGAR |
| 2026-07-17 | Joseph Sean-Walsh Henderson | Chief Accounting Officer | Sell (S) | −94 | $8.33 | -$783 | EDGAR |
| 2026-06-29 | Joseph Sean-Walsh Henderson | Chief Accounting Officer | Sell (S) | −349 | $7.93 | -$2.8K | EDGAR |
| 2026-06-29 | Marc D'Annunzio | General Counsel & Secretary | Sell (S) | −2,919 | $7.83 | -$22.8K | EDGAR |
| 2026-06-29 | Karen Alexander | Chief Financial Officer | Sell (S) | −1,907 | $7.93 | -$15.1K | EDGAR |
| 2026-06-29 | Nicholas Baes | Chief Operating Officer | Sell (S) | −1,562 | $7.93 | -$12.4K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
BKKT Insider Holdings
6 insiders · @ $4.65
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Akshay Sudhir Naheta | Chief Executive Officer | 9,336,976 | $43.42M | $0 | 1 | 2026-10-02 |
| 2 | Michael Alfred | Director | 1,201,567 | $5.59M | $2.11M | 1 | 2026-08-19 |
| 3 | Marc D'Annunzio | General Counsel & Secretary | 152,006 | $706.8K | -$38.4K | 4 | 2026-10-02 |
| 4 | Nicholas Baes | Chief Operating Officer | 134,103 | $623.6K | -$23.3K | 3 | 2026-10-02 |
| 5 | Karen Alexander | Chief Financial Officer | 53,542 | $249.0K | -$20.7K | 2 | 2026-07-17 |
| 6 | Joseph Sean-Walsh Henderson | Chief Accounting Officer | 32,672 | $151.9K | -$6.0K | 4 | 2026-10-02 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
BKKT Board & Officers
As of SEC filings through Oct 2, 2026Directors 6
- Gavin Constantine Michael · since Oct 15, 2021
- Sean Roberts Collins · since Oct 15, 2021
- Colleen B Brown · since Jul 19, 2024
- Michael Alfred · since Sep 17, 2025
- Madelyn Alden Schwartzer · since Oct 19, 2025
- Richard William Galvin · since Nov 8, 2025
Officers 5
- Akshay Sudhir Naheta · Chief Executive Officer · listed since May 2026
- Matthew A White · Chief Financial Officer · since Aug 17, 2026
- Nicholas Baes · Chief Operating Officer · since Dec 4, 2024
- Joseph Sean-Walsh Henderson · Chief Accounting Officer · since Jul 8, 2024
- Marc D'Annunzio · General Counsel & Secretary · since Oct 15, 2021
10% owners 2
- Intercontinental Exchange Holdings, Inc. (entity) · since Oct 15, 2021
- Intercontinental Exchange, Inc. (entity) · since Oct 15, 2021
Changes in the last 10 years (90)
| Aug 17, 2026 | Matthew A White became Chief Financial Officer |
| Aug 11, 2026 | The company announced the departure of Karen Alexander as Chief Financial Officer in an SEC filing |
| May 18, 2026 | Akshay Sudhir Naheta no longer listed as a director in SEC filings |
| May 18, 2026 | Akshay Sudhir Naheta no longer listed as a 10% owner in SEC filings |
| May 18, 2026 | Akshay Sudhir Naheta listed as Chief Executive Officer (previously CEO and President) in SEC filings |
| May 4, 2026 | Akshay Sudhir Naheta first listed as a 10% owner in an SEC filing |
| Nov 8, 2025 | The company announced the departure of Michelle J Goldberg from the board in an SEC filing |
| Nov 8, 2025 | Richard William Galvin became a director |
| Nov 7, 2025 | The company announced the departure of Jill Simeone from the board in an SEC filing |
| Oct 19, 2025 | Madelyn Alden Schwartzer became a director |
| Sep 17, 2025 | The company announced the departure of De'Ana Dow from the board in an SEC filing |
| Sep 17, 2025 | Michael Alfred became a director |
| Aug 25, 2025 | Akshay Sudhir Naheta listed as CEO and President (previously Co-CEO) in SEC filings |
| Aug 8, 2025 | The company announced the departure of Gordon Watson from the board in an SEC filing |
| Aug 8, 2025 | The company announced the departure of Andrew A Main from the board in an SEC filing |
| Aug 8, 2025 | The company announced the departure of Andrew A Main as Co-CEO & President in an SEC filing |
| Mar 31, 2025 | Andrew A Main listed as Co-CEO & President (previously Chief Exec Officer & President) in SEC filings |
| Mar 19, 2025 | Akshay Sudhir Naheta became a director |
| Mar 19, 2025 | Akshay Sudhir Naheta became Co-CEO |
| Dec 4, 2024 | Nicholas Baes became Chief Operating Officer |
| Jul 19, 2024 | Colleen B Brown became a director |
| Jul 16, 2024 | The company announced the departure of Richard Lumb from the board in an SEC filing |
| Jul 8, 2024 | Joseph Sean-Walsh Henderson became Chief Accounting Officer |
| Apr 29, 2024 | The company announced the departure of Charles Goodroe as Chief Accounting Officer in an SEC filing |
| Mar 26, 2024 | Andrew A Main first listed as Chief Exec Officer & President in an SEC filing |
| Mar 18, 2024 | The company announced the departure of Gavin Constantine Michael as CEO and President in an SEC filing |
| Apr 3, 2023 | VPC Impact Acquisition Holdings Sponsor, LLC no longer listed as a 10% owner in SEC filings |
| Apr 3, 2023 | Richard N Levy no longer listed as a 10% owner in SEC filings |
| Apr 3, 2023 | Richard N Levy first listed as a director in an SEC filing |
| Feb 6, 2023 | Nancy Gordon listed as Chief Product Officer, Loyalty (previously EVP Loyalty Rewards & Payments) in SEC filings |
| Feb 6, 2023 | Michael Leroy Lewis listed as Chief Engineering Officer (previously EVP Engineering & Operations) in SEC filings |
| Feb 6, 2023 | Daniel O'Prey listed as Chief Product Officer, Crypto (previously EVP, Digital Assets) in SEC filings |
| Nov 18, 2022 | VPC Impact Acquisition Holdings Sponsor, LLC first listed as a 10% owner in an SEC filing |
| Nov 7, 2022 | The company announced the departure of Kristyn Cook from the board in an SEC filing |
| Oct 26, 2022 | VPC Impact Acquisition Holdings Sponsor, LLC first listed as a director in an SEC filing |
| Oct 26, 2022 | Richard N Levy first listed as a 10% owner in an SEC filing |
| Sep 12, 2022 | Karen Alexander listed as Chief Financial Officer (previously Chief Accounting Officer) in SEC filings |
| Sep 12, 2022 | Charles Goodroe became Chief Accounting Officer |
| Aug 8, 2022 | Meredith Spatz became Chief Customer Officer |
| Aug 8, 2022 | Mark Sonbolian Elliot became Chief Sales & Mktg Officer |
| May 23, 2022 | Richard N Levy no longer listed as a director in SEC filings |
| May 18, 2022 | The company announced the departure of Andrew LaBenne as Chief Financial Officer in an SEC filing |
| Apr 21, 2022 | Jill Simeone became a director |
| Apr 21, 2022 | De'Ana Dow became a director |
| Feb 17, 2022 | Richard N Levy first listed as a director in an SEC filing |
| Jan 25, 2022 | Gavin Constantine Michael listed as CEO and President (previously Chief Executive Officer) in SEC filings |
| Dec 23, 2021 | Gordon Watson no longer listed as an officer in SEC filings |
| Dec 21, 2021 | Richard N Levy no longer listed as a director in SEC filings |
| Dec 20, 2021 | The company announced the departure of Adam Lee White as President in an SEC filing |
| Nov 19, 2021 | Richard N Levy first listed as a director in an SEC filing |
| Oct 15, 2021 | VPC Impact Acquisition Holdings Sponsor, LLC reported in an SEC filing no longer being a director |
| Oct 15, 2021 | VPC Impact Acquisition Holdings Sponsor, LLC reported in an SEC filing no longer being a 10% owner |
| Oct 15, 2021 | Sheela Zemlin became EVP, Chief Revenue Officer |
| Oct 15, 2021 | Sean Roberts Collins became a director |
| Oct 15, 2021 | Richard N Levy reported in an SEC filing no longer being a 10% owner |
| Oct 15, 2021 | Richard Lumb became a director |
| Oct 15, 2021 | Nicolas Cabrera became Chief Product Officer |
| Oct 15, 2021 | Nancy Gordon became EVP Loyalty Rewards & Payments |
| Oct 15, 2021 | Michelle J Goldberg became a director |
| Oct 15, 2021 | Michael Leroy Lewis became EVP Engineering & Operations |
| Oct 15, 2021 | Matthew Alan Johnson became Chief Technology Officer |
| Oct 15, 2021 | Marc D'Annunzio became General Counsel & Secretary |
| Oct 15, 2021 | Kurt Summers reported in an SEC filing no longer being a director |
| Oct 15, 2021 | Kristyn Cook became a director |
| Oct 15, 2021 | Karen Alexander became Chief Accounting Officer |
| Oct 15, 2021 | Kai Schmitz reported in an SEC filing no longer being a director |
| Oct 15, 2021 | Intercontinental Exchange, Inc. became a 10% owner |
| Oct 15, 2021 | Intercontinental Exchange Holdings, Inc. became a 10% owner |
| Oct 15, 2021 | Gavin Constantine Michael became a director |
| Oct 15, 2021 | Gavin Constantine Michael became Chief Executive Officer |
| Oct 15, 2021 | David C Clifton became a director |
| Oct 15, 2021 | Daniel O'Prey became EVP, Digital Assets |
| Oct 15, 2021 | Andrew LaBenne became Chief Financial Officer |
| Oct 15, 2021 | Andrew A Main became a director |
| Oct 15, 2021 | Adam Lee White became President |
| Jul 8, 2021 | Alpine Partners (BVI), L.P. reported in an SEC filing no longer being a 10% owner |
| Jul 8, 2021 | Alpine Global Management, LLC reported in an SEC filing no longer being a 10% owner |
| Jan 25, 2021 | Alpine Partners (BVI), L.P. became a 10% owner |
| Jan 25, 2021 | Alpine Global Management, LLC became a 10% owner |
| Oct 1, 2020 | VPC Impact Acquisition Holdings Sponsor, LLC first listed as a 10% owner in an SEC filing |
| Sep 22, 2020 | VPC Impact Acquisition Holdings Sponsor, LLC became a director |
| Sep 22, 2020 | Richard N Levy became a 10% owner |
| Sep 22, 2020 | Olibia Stamatoglou became Chief Financial Officer |
| Sep 22, 2020 | Kurt Summers became a director |
| Sep 22, 2020 | Kai Schmitz became a director |
| Sep 22, 2020 | John Gerard Martin became an officer |
| Sep 22, 2020 | John Gerard Martin became a director |
| Sep 22, 2020 | Gordon Watson became an officer |
| Sep 22, 2020 | Gordon Watson became a director |
| Sep 22, 2020 | Adrienne Harris became a director |
Not reported recently (14)
- VPC Impact Acquisition Holdings Sponsor, LLC · Last reported as a director in an SEC filing dated Dec 29, 2023
- Richard N Levy · Last reported as a director in an SEC filing dated Dec 29, 2023
- David C Clifton · Last reported as a director in an SEC filing dated Apr 24, 2023
- Daniel O'Prey · Last reported as Chief Product Officer, Crypto in an SEC filing dated Feb 28, 2023
- Michael Leroy Lewis · Last reported as Chief Engineering Officer in an SEC filing dated Feb 28, 2023
- Meredith Spatz · Last reported as Chief Customer Officer in an SEC filing dated Feb 28, 2023
- Mark Sonbolian Elliot · Last reported as Chief Sales & Mktg Officer in an SEC filing dated Feb 28, 2023
- Nancy Gordon · Last reported as Chief Product Officer, Loyalty in an SEC filing dated Feb 14, 2023
- Sheela Zemlin · Last reported as EVP, Chief Revenue Officer in an SEC filing dated Apr 19, 2022
- Nicolas Cabrera · Last reported as Chief Product Officer in an SEC filing dated Feb 23, 2022
- Matthew Alan Johnson · Last reported as Chief Technology Officer in an SEC filing dated Oct 15, 2021
- Olibia Stamatoglou · Last reported as Chief Financial Officer in an SEC filing dated Sep 22, 2020
- John Gerard Martin · Last reported as a director in an SEC filing dated Sep 22, 2020
- Adrienne Harris · Last reported as a director in an SEC filing dated Sep 22, 2020
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
BKKT Proposed Insider Sales (Form 144)
Latest: 2026-07-16
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
0 filings
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-07-16 | MARC D'ANNUNZIO | Officer | 604 | $5.0K | 2026-07-16 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-06-26 | MARC D'ANNUNZIO | Officer | 1,357 | $10.6K | 2026-06-26 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-04-28 | MARC DANNUNZIO | Officer | 3,991 | $35.9K | 2026-04-28 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-03-30 | MARC DANNUNZIO | Officer | 5,342 | $39.1K | 2026-03-30 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-02-24 | MARC DANNUNZIO | Officer | 785 | $8.0K | 2026-02-24 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2025-12-09 | DEANA DOW | Director | 27,681 | $355.2K | 2025-12-09 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2025-11-12 | DEANA DOW | Director | 4,600 | $100.3K | 2025-11-11 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2025-05-15 | DEANA DOW | Officer, Director | 19,200 | $247.5K | 2025-05-15 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2025-05-14 | MARC DANNUNZIO | Officer, Director | 10,000 | $142.1K | 2025-05-14 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2024-04-22 | MARC DANNUNZIO | Officer | 20,504 | $8.2K | 2024-04-22 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-08-17
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-08-10 | 0001628280-26-055275 | EDGAR |
ETF Holders
31 ETFs hold BKKT
25 shown · $21.94M total exposure · 0.01% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $6.7M | — | 2026-09-30 |
| 2 | BLOK Amplify Blockchain Technology ETF | Amplify | 0.44% | $3.6M | $812.5M | 2026-11-06 |
| 3 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.00% | $3.4M | $76.6B | 2026-11-06 |
| 4 | VXF Vanguard Extended Market ETF | Vanguard | 0.00% | $2.5M | — | 2026-09-30 |
| 5 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.01% | $1.2M | — | 2026-09-30 |
| 6 | FDIG Fidelity Crypto Industry and Digital Payments ETF | Fidelity | 0.56% | $1.0M | $185.0M | 2026-11-05 |
| 7 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.01% | $905,786 | $13.9B | 2026-11-06 |
| 8 | KOMP State Street® SPDR® S&P Kensho New Economies Composite ETF | SPDR (State Street) | 0.03% | $741,503 | $2.3B | 2026-11-05 |
| 9 | BKCH Global X Blockchain ETF | Global X | 0.31% | $526,458 | — | 2026-11-06 |
| 10 | IWC iShares Micro-Cap ETF | iShares (BlackRock) | 0.03% | $355,623 | $1.2B | 2026-11-06 |
| 11 | IWO iShares Russell 2000 Growth ETF | iShares (BlackRock) | 0.00% | $247,499 | $13.7B | 2026-11-06 |
| 12 | VTWV Vanguard Russell 2000 Value ETF | Vanguard | 0.01% | $151,186 | — | 2026-09-30 |
| 13 | BCDF Horizon Kinetics Blockchain Development ETF | Nport | 0.56% | $121,805 | — | 2026-06-30 |
| 14 | SATO Invesco Alerian Galaxy Crypto Economy ETF | Invesco | 1.43% | $85,719 | — | 2026-11-05 |
| 15 | IBLC iShares Blockchain and Tech ETF | iShares (BlackRock) | 0.10% | $60,196 | $60.5M | 2026-11-06 |
| 16 | RSSL Global X Russell 2000 ETF | Global X | 0.00% | $56,364 | — | 2026-11-06 |
| 17 | VTWG Vanguard Russell 2000 Growth ETF | Vanguard | 0.00% | $55,990 | — | 2026-09-30 |
| 18 | STBQ Amplify Stablecoin Technology Leaders ETF | Amplify | 2.22% | $44,763 | $2.0M | 2026-11-06 |
| 19 | FINX Global X FinTech ETF | Global X | 0.02% | $36,821 | — | 2026-11-06 |
| 20 | AVSC Avantis U.S. Small Cap Equity ETF | Avantis | 0.00% | $35,216 | $3.2B | 2026-11-05 |
| 21 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.00% | $31,338 | — | 2026-11-05 |
| 22 | DXUV Dimensional US Vector Equity ETF | Dimensional | 0.00% | $26,233 | — | 2026-11-05 |
| 23 | VTHR Vanguard Russell 3000 ETF | Vanguard | 0.00% | $15,995 | — | 2026-09-30 |
| 24 | ITWO ProShares Russell 2000 High Income ETF | ProShares | 0.00% | $6,686 | — | 2026-11-06 |
| 25 | URTY ProShares UltraPro Russell2000 | ProShares | 0.00% | $5,182 | — | 2026-11-06 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-3.61
TTM Revenue
$1.12B
TTM Net Income
$-31.00M
TTM Op. Cash Flow
$-84.38M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $170.15M | $80.84M | $1.94 | $-14.82M |
| Q1 '26 | 2026-03-31 | $243.59M | $-11.65M | $-0.41 | $-12.09M |
| Q4 '25 | 2025-12-31 | $299.17M | $-85.27M | $-6.37 | $-10.81M |
| Q3 '25 | 2025-09-30 | $402.21M | $-14.92M | $-1.15 | $-46.66M |
| Q2 '25 | 2025-06-30 | $568.10M | $-14.73M | $-2.16 | $5.35M |
| Q1 '25 | 2025-03-31 | $1.07B | $7.71M | $1.13 | $-101.28M |
| Q4 '24 | 2024-12-31 | $1.79B | $-19.18M | $-3.10 | $31.40M |
| Q3 '24 | 2024-09-30 | $316.33M | $-2.89M | $-0.45 | $-25.07M |
| Q2 '24 | 2024-06-30 | $509.90M | $-16.42M | $-2.67 | $-65.89M |
| Q1 '24 | 2024-03-31 | $854.58M | $-8.16M | $-1.86 | $38.35M |
| Q4 '23 | 2023-12-31 | $214.51M | $-26.70M | $-7.29 | $-3.85M |
| Q3 '23 | 2023-09-30 | $204.77M | $-17.33M | $-4.74 | $24.59M |
Q2 2026 • period ending 2026-06-30 • filed 2026-08-10
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
0.34
P/S
0.11
EV/EBITDA
—
EV/Sales
0.06
ROE
-8.7%
ROA
-7.7%
Div Yield
0.00%
FCF Yield
-69.50%
Debt/Equity
0.00
Current Ratio
—
Market Cap
$121.40M
as of 2026-11-09
BKKT vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| COIN Coinbase Global, Inc. Class A Common Sto | $35.7B | — | −26.6% | −42.5% | 35 |
| CRCL Circle Internet Group, Inc. | $17.4B | 34.6 | +46.0% | −19.1% | 20 |
| BMNR BitMine Immersion Technologies, Inc. | $11.3B | — | — | −40.3% | 72 |
| GPGI GPGI, Inc. | $4.1B | — | — | −38.7% | 29 |
| GLXY Galaxy Digital Inc. Class A Common Stock | $2.6B | — | — | −41.4% | 66 |
| ETOR eToro Group Ltd. Class A Common Shares | $1.8B | — | — | −34.6% | 99 |
| BKKT Bakkt, Inc. | $194M | — | −70.2% | −58.7% | 26 |
| GLNK Grayscale Chainlink Trust ETF | — | — | — | −20.0% | 21 |
| ETHA iShares Ethereum Trust ETF | — | — | — | −32.1% | 77 |
| Peer median | $7.7B | 34.6 | +9.7% | −36.7% | 51 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
8.18M
SI % of Float
26.94%
Days to Cover
6.03
Short Vol Ratio
64.2%
Free Float
30.37M
Float %
67.4%
Short interest 2026-10-15 • Short volume 2026-11-09 • Float 2026-08-13