Bakkt (BKKT) Total Operating Expense: $160 Mil (TTM As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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BKKT Bakkt Inc BKKT
71 GF Score
Price $8.40
GF Value $2.70
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Bakkt Total Operating Expense?

Bakkt BKKT -2.27% 71 Total Operating Expense is $160 Mil as of Jun. 2026. GuruFocus rates BKKT with a GF Score™ of 71/100 and a GF Value™ of $2.70 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Bakkt's Total Operating Expense for the three months ended in Jun. 2026 was $21 Mil. Bakkt's Total Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 was $160 Mil.

Bakkt Total Operating Expense Related Terms

Bakkt Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Bakkt's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bakkt Total Operating Expense Chart

Bakkt Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial 186.52 231.89 119.41 111.37 168.57

Bakkt Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.15 25.07 94.02 20.55 20.58
BKKT
71GF Score
Bakkt Inc BKKT
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Bakkt Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $160 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of $160 Mil mean?
Bakkt (BKKT) has a Total Operating Expense of $160 Mil as of Jun. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Bakkt and its competitors.
Is Bakkt's Total Operating Expense too high?
Bakkt's current Total Operating Expense is $160 Mil. Overall, Bakkt has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bakkt's Total Operating Expense compare to GRRR and TLS?
Bakkt's Total Operating Expense of $160 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Software company?
A good Total Operating Expense depends on the Software industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Bakkt and its competitors. Bakkt's current Total Operating Expense is $160 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bakkt stock overvalued right now?
Based on GuruFocus' analysis, Bakkt (BKKT) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.70, compared to a current price of $8.40 — trading 210.9% above its estimated fair value. The current Total Operating Expense is $160 Mil. Bakkt's overall GF Score™ is 71/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Bakkt (BKKT), the current Total Operating Expense is $160 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Bakkt (BKKT) Overvalued in 2026?

Based on GuruFocus' analysis, Bakkt stock appears to be overvalued. The current stock price of $8.40 is trading 210.9% above its estimated GF Value™ of $2.70. GuruFocus considers Bakkt to be Significantly Overvalued.

Key valuation signals for BKKT:

  • Total Operating Expense: $160 Mil
  • GF Value™: $2.70 vs. price of $8.40 (210.9% above fair value)
  • GF Score™: 71/100 with 3 warning signs

No single metric tells the full story. See the BKKT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Bakkt Business Description

Address One Liberty Plaza, One Liberty Street, New York, NY, USA, 10006
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.
71GF Score

Get the complete analysis for BKKT

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$8.40
Price
$2.70
GF Value