Company / Working Capital
Bakkt, Inc. Working Capital History
FY2021-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
$39.2M
FY2025
5-year range
$39.2M / $389.9M
FY2021-FY2025
Trend
-15.1%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Working Capital has declined for 4 consecutive years, from $390M in FY2021 to $39M in FY2025.
Based on SEC 10-K filings.
$39M in FY2025 with a 3-year CAGR of -44.9%.
Declined from $81M to $39M over the past 2 years.
Working Capital over time
Growth rates
- 3-Year CAGR
- -44.9%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- Bakkt, Inc.'s working capital has declined for 4 consecutive years.
- 3-year CAGR of -44.9%, indicating a declining trend.
- In FY2025, working capital decreased 15.1% year-over-year.
- Peak working capital was recorded in FY2021.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 7.91 (safe zone, above 2.9 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $39.2M | -15.1% |
| FY2024 | $46.1M | -42.8% |
| FY2023 | $80.6M | -65.6% |
| FY2022 | $234.3M | -39.9% |
| FY2021 | $389.9M | - |
As of FY2025 · SEC 10-K · Updated Jun 24, 2026