COMP <GO>
BKKT vs LIEN // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
Bakkt Inc. (Class A) (NYSE) VS. Chicago Atlantic BDC Inc. (NASDAQ) • 15-METRIC TALLY: BKKT 1
— LIEN 4
■ METRIC PARITY
LAST: $4.40 (-5.17%) • MKT CAP: $209.1M
options-implied-move
—
LAST: $9.11 (-0.11%) • MKT CAP: $208.1M
options-implied-move
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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (BKKT VS. LIEN)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | BKKT | LIEN | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -35.00% | 11.00% | -46.00 | LIEN | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | — | -9.81% | — | TIE | /fcf-yield <GO> |
| Operating Margin | -6.30% | — | — | TIE | /operating-margins <GO> |
| Net Profit Margin | -4.60% | — | — | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | -32.10% | — | — | TIE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 11.15% | -11.15 | LIEN | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 1/9 | 2/9 | -1.00 | LIEN | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 31.7 | 38.6 | -6.90 | LIEN | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 5.9x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $209.1M | $208.1M | $998.5K | BKKT | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | BKKT REV | LIEN REV | BKKT GROSS % | LIEN GROSS % | BKKT FCF | LIEN FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $2.34B | $143.6M | — | — | -$153.4M | -$20.5M |
| FY 2024 | $3.44B | $130.0M | — | — | -$21.2M | -$5.0M |
| FY 2023 | $727.0M | $37.5M | — | — | -$60.7M | $5.7M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
BKKT // BETA —
LIEN // BETA —