BKKT at a glance
Bakkt, Inc. (BKKT, SEC CIK 1820302) filed its latest 10-K annual report on March 19, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on August 17, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Bakkt, Inc. (BKKT) reported revenue of $2.3 billion (down 33.1% from FY2024) and a net loss of $107.2 million. Diluted EPS was -$8.87.
- As of June 30, 2026, 21 institutional investment managers tracked by SignalX reported holding Bakkt, Inc. (BKKT) shares worth $50.6 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Baes Nicholas on September 23, 2026 of 1,272 shares at $8.61 per share.
- In the last 90 days, BKKT insiders reported 1 open-market purchase ($2.1M) and 6 open-market sales ($35K) on Form 4, a net purchase of $2.1M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $2.3B
- −33.1% vs prior year
- Insiders · 90 days
- 1 buy · 6 sells
- Net +$2.1M
- 13F holders
- 21 funds
- $50.6M · −1 vs prior quarter
- Latest 8-K
- Aug 17, 2026
- Item 7.01 · Item 5.02
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $170.1M, down 70.0% YoY from $568.1M, driven by lower crypto trading volume
- Operating loss $19.6M vs $16.1M YoY; operating margin (11.5%) vs (2.8%)
- Crypto services, sole reported line, declined $398.0M as Webull and Public client activity was lost
- TTV $168.8M, including $161.9M digital-asset trading and $6.8M payments activity
- Transchem warrant investment $9.4M initial funding; $28.2M remaining upon full exercise
Risk Factors
- No material changes to risk factors previously disclosed in Bakkt’s 2025 Form 10-K and March 31, 2026 Form 10-Q
- No newly added risk factor or triggering event identified this quarter
- Regulatory and compliance risks remain carried forward without quarterly updates
- Operational, competitive, and market risks remain unchanged from prior disclosures
- Liquidity, debt maturity, currency, and concentration risks remain unchanged from prior disclosures
AI summary of the BKKT 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item EX-99.1: Item EX-99.1
- Matt White appointed CFO effective August 17, 2026, replacing Karen Alexander
- Alexander remains as an advisor, supporting transition continuity
Item 7.01: Regulation FD Disclosure
- Item 7.01 filing contains only an incorporation-by-reference disclaimer
- No substantive business, financial, operational, or market disclosure for Bakkt or its warrants
Item 5.02: Departure/Appointment of Directors or Principal Officers
- CFO Karen Alexander departs August 14, 2026 without reported management or auditor disagreement
- Transition services continue through December 31, 2026 at $400,000 annualized consulting fees
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results covered quarter ended June 30, 2026
- Press release issued August 10, 2026
Item 5.07: Submission of Matters to a Vote of Security Holders
- Michael Alfred and Lyn Alden elected Class II directors through the 2029 Annual Meeting
- Executive compensation approved advisory basis, with 11,321,210 votes for and 1,032,093 against
AI summaries of BKKT 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for BKKT
Don't miss the next BKKT filing
- Alerts as it files. A push when BKKT files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut BKKT, by share count.
- Ask anything. An AI agent that reads every BKKT filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Henderson Joseph Sean-Walsh | A | Sep 30, 2026 | 20,000 | - |
| Naheta Akshay Sudhir | A | Sep 30, 2026 | 243,454 | - |
| D'Annunzio Marc | A | Sep 30, 2026 | 45,000 | - |
| Baes Nicholas | A | Sep 30, 2026 | 30,000 | - |
| Baes Nicholas | Sell | Sep 23, 2026 | 1,272 | $8.61 |
| Henderson Joseph Sean-Walsh | Sell | Sep 23, 2026 | 282 | $8.61 |
| D'Annunzio Marc | Sell | Sep 23, 2026 | 1,272 | $8.61 |
| ALFRED MICHAEL | Buy | Aug 18, 2026 | 296,567 | $7.12 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $780.1M | $3.5B | $2.3B |
| Operating Income | -$227.9M | -$92.9M | -$147.8M |
| Net Income | -$74.9M | -$46.7M | -$107.2M |
| Op. Margin | -29.2% | -2.7% | -6.3% |
| Net Margin | -9.6% | -1.3% | -4.6% |
| Balance Sheet | |||
| Total Assets | $966.9M | $269.4M | $162.8M |
| Equity | $48.3M | $33.9M | $112.8M |
| ROE | -155.0% | -137.7% | -95.1% |
| Per Share | |||
| EPS | - | $-7.97 | $-8.87 |
| Cash Flow | |||
| Operating CF | -$60.7M | -$21.2M | -$153.4M |
Source: XBRL data in Bakkt, Inc. (BKKT)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate BKKT share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 21 | $50.6M |
| Q1 2026 | 22 | $26.4M |
| Q4 2025 | 21 | $39.0M |
| Q3 2025 | 17 | $84.3M |
| Q2 2025 | 13 | $11.3M |
| Q1 2025 | 11 | $3.6M |
| Q4 2024 | 8 | $9.1M |
| Q3 2024 | 7 | $1.7M |
- BlackRock+1.93M (+167%)
- Vanguard Capital Management LLC+615.7K (+99%)
- State Street Corp+448.2K (+158%)
- Vanguard Portfolio Management LLC+135.8K (+145%)
- Northern Trust+124.0K (+114%)
- Renaissance Technologies LLC−131.8K (-30%)
- AQR Capital Management−10.0K (-7%)
- FMR LLC (Fidelity)−972 (-31%)
- Franklin Resources+43.3K
- Dimensional Fund Advisors+15.5K
- Citadel Advisors LLC−367.1K
- Millennium Management−108.0K
- Two Sigma Investments−58.2K
Source: 13F-HR filings on SEC EDGAR (aggregated from 120 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
BKKT filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Sep 25, 2026 | - | - | - |
| 4 | Sep 25, 2026 | - | - | - |
| 4 | Sep 25, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 8-K | Aug 17, 2026 | - | Analysis | - |
| 10-Q | Aug 10, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 10, 2026 | - | Analysis | - |
| 8-K | Aug 7, 2026 | - | - | - |
| SC 13G | Jul 27, 2026 | - | - | |
| 4 | Jul 17, 2026 | - | - | - |
| 4 | Jul 17, 2026 | - | - | - |
| 4 | Jul 17, 2026 | - | - | - |
| 8-K | Jul 16, 2026 | - | - | - |
| 4 | Jun 29, 2026 | - | - | - |
| 4 | Jun 29, 2026 | - | - | - |
| 4 | Jun 29, 2026 | - | - | - |
| 4 | Jun 29, 2026 | - | - | - |
| 8-K | Jun 26, 2026 | - | Analysis | - |
| 4 | Jun 11, 2026 | - | - | - |
| 8-K | Jun 4, 2026 | - | Analysis | |
| 4 | May 19, 2026 | - | - |
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BKKT SEC filings: frequently asked questions
Are BKKT insiders buying or selling?
In the last 90 days, Bakkt, Inc. (BKKT) officers, directors and 10% owners reported 1 open-market purchase worth $2.1 million by 1 insider and 6 open-market sales worth $35,209 by 4 insiders on Form 4, a net purchase of $2.1 million. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold BKKT stock?
As of June 30, 2026, the largest Bakkt, Inc. (BKKT) holders among the 13F filers tracked by SignalX were BlackRock ($24.1 million), Vanguard Capital Management LLC ($9.7 million), State Street Corp ($5.7 million), Renaissance Technologies LLC ($2.4 million), Northern Trust ($1.8 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was BKKT's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Bakkt, Inc. (BKKT) reported revenue of $2.3 billion (down 33.1% from FY2024) and a net loss of $107.2 million. Diluted EPS was -$8.87. The figures come from the XBRL data in the 10-K.
What did BKKT report in its latest 8-K?
Bakkt, Inc. (BKKT) filed an 8-K on August 17, 2026 reporting Item 7.01 (Regulation FD Disclosure) and Item 5.02 (Departure/Appointment of Directors or Principal Officers). Matt White appointed CFO effective August 17, 2026, replacing Karen Alexander.
What are the latest BKKT SEC filings?
Bakkt, Inc. (BKKT) filed its latest 10-K annual report on March 19, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on August 17, 2026 and a Form 4 insider filing on October 2, 2026.
What is BKKT's SEC CIK number?
Bakkt, Inc. (BKKT)'s SEC Central Index Key (CIK) is 1820302. EDGAR lists every BKKT filing under that number.
Ask anything about BKKT
The research agent reads BKKT's filings, financials, insider trades and 13F holders, then answers with sources.