Filing Flows › Bakkt (BKKT) › Q4 2024
Bakkt (BKKT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 20, 2025
Bakkt (BKKT) reported revenue of $1.7B for the fourth quarter 2024 (Q4 2024), +715% from a year earlier and +432% from the quarter before. Operating margin was -0.7%, net loss $40.4M (2.3% of revenue).
Bakkt, Q4 2024: revenue $1.7B (+715% year over year), operating margin -0.7%, net loss $40.4M, operating cash flow $31.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +432% | +715% |
| Operating profit | −$11.7M | — | — |
| Net earnings | −$40.4M | — | — |
| Operating cash flow | $31.4M | — | — |
| Free cash flow | $31.1M | — | — |
What changed
Revenue was $1.7B in Q4 2024, up 715% year over year and up 432% from the previous quarter.
Operating costs exceeded revenue by $0.01B, an operating margin of -0.7%. Total costs grew 501% against revenue growth of 715%. The quarter ended with a net loss of $0.04B, wider than the previous quarter's $0.01B loss. Minority interests bore $0.02B of it: to shareholders the quarter was a loss of $0.02B. Net interest and other expense of $0.03B was the main reason.
Operating cash flow was $0.03B. Non-cash charges added back $62K of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $308K left free cash flow of $0.03B.
Questions
What was Bakkt's revenue in the fourth quarter 2024?
Bakkt (BKKT) reported revenue of $1.7B for the fourth quarter 2024 (Q4 2024), +715% from a year earlier and +432% from the quarter before.
Was Bakkt profitable in the fourth quarter 2024?
Operating loss was $11.7M (-0.7% of revenue) and net loss $40.4M.
Source: Bakkt 10-K on SEC EDGAR.