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Why BKKT Stock dropped -5.17% Today — RQD Quant Desk Flash

$4.40 -5.17% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $4.35

Bakkt Inc. (Class A) (BKKT) carries a Roarable Rating of E (Strong Sell) with 23/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E • RED ALERT Cap $209.1M
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is BKKT stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-03, Bakkt Inc. (Class A) (NYSE: BKKT) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 23/100 at a spot price of $4.40 (-5.17% 1D, market cap $209.1M). Pillar breakdown: Fundamental Cash Engine 3/20, Institutional 13F & Options Flow 3/20, SEC Balance-Sheet Forensics 8/20, FRED Macro Regime Fit 6/20, and Executive Insider Alignment 3/20. Across 1097 tracked Financials issuers, BKKT ranks #1075 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does BKKT compare to HKD and LIEN in the Financials sector?
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Within the Financials sector (Finance: Consumer Services), BKKT carries a Roarable E (23/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -35.0%. By comparison, HKD (AMTD Digital Inc. (every five of which represent two ) (Class A)) holds a D+ grade (53/100 RQD, P/E N/A, ROIC —, cap $209.4M) and LIEN (Chicago Atlantic BDC Inc.) posts a E grade (34/100 RQD, P/E 6.3x, ROIC 11.0%, cap $208.1M). Among the 5-stock peer group, PNNT leads on earnings multiple (6.0x) while LIEN leads on capital efficiency (11.0% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for BKKT?
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Per BKKT's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001820302), Bakkt Inc. (Class A) generated $2.34B in revenue (-32.1% YoY), -$107.2M in net income, and -$153.4M in free cash flow against $162.8M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $4.35 (-1.12%)🧬 Dilution Drag (+1.28% YoY Shares)⚙️ Cash Engine: 3/20 (E) • 0% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record Warning: Scores below 50 (23/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-11.1% avg 90D alpha vs SPY • 29.0% hit rate).
Audit Bucket Track Record →
RQD QUANT TACHOMETERRED ALERT • E
025507510023
3-of-3 Quant Analysts Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR RQD RADARRw E · Rk D-
Cash (3)Whales (3)SEC (8)Macro (6)CEO (3)
Each axis scored 0–20
12M PRICE TARGET CONE-15.7% Base Target
$30 Bull$4 Base$3 Bear
📬 FREE BKKT RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for BKKT)Realized 20D OHLCV Swing Band: ±12.5%
Deterministic 5-Pillar Attribution (23/100 Composite)
🔍 WHY BKKT SCORES 23/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: SEC 10-K Forensic Risk+8/20 pts (35% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 1/9

▲ #2 Bullish Driver: Macro Regime Fit+6/20 pts (26% of score)

FRED Regime × Technicals: 2% of 52W Range • RSI-14 at 31.7 (OVERSOLD (<32))

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+1.28% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
31
Grade E$6.46-15% Next Q
Q2 (-2Q)
28
Grade E$5.49-7.3% Next Q
Q3 (-1Q)
26
Grade E$5.09-13.6% Next Q
Current
23
Grade E$4.40-11.1% Hist 90D α
Trajectory: E (31) → E (23)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a BKKT Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While BKKT currently carries a cautious 23/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Financials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($7.14) and Max Pain ($4.62) forces dealer call-delta covering toward $29.93.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+1.28% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $BKKT• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “BKKT Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 23%NO 77%Trade / Inspect Odds →
AUTOMATED RQD QUANT DESK MOVER BRIEFINGFull Market News Desk →

Why BKKT Stock dropped -5.17% Today — RQD Quant Desk Flash

Bakkt Inc. (Class A) (BKKT) dropped -5.17% to $4.40, trading at 2% of its 52-week range ($4.44 – $28.5). Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.

  • ▸Technical Tape: Trading at 2% of its 52-week range ($4.44 – $28.5) with RSI-14 at 31.7 (OVERSOLD (<32)).
  • ▸Volatility Profile: Historical 20-day realized swing band of ±12.5% around $4.40 (no active unusual options sweep snapshot on file).
  • ▸Fundamental Anchor: Roarable E (Strong Sell) backed by 52% gross margin and $0 annual free cash flow.
Live BKKT Headlines & Catalysts
MARKET WIREwww.debelegger.nl • 1d ago
Bakkt (BKKT) Stock Price, Chart & Analysis

www.debelegger.nl report covering Bakkt Inc. (Class A) (BKKT) market action, institutional positioning, and fundamental catalysts.

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring BKKT)

  • ✓Walkthrough of BKKT's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
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BKKT // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -50.89%▼ SUPPORT BREAKDOWN
2026-11-03O $5.08H $5.08L $4.40C $4.40VOL 1.24M
RES: $9.79SUP: $5.22SMA50: $7.14SMA200: $8.70
$15.67$12.61$9.56$6.51$3.45RES $9.79SUP $5.22$4.402026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

BKKT Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 BKKT Butterfly Map → + Track BKKT →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
8.0%/yr Implied 5Y Growth

vs. -32.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on BKKT today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for BKKT. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for BKKT today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (BKKT)

Financials Rank #1075 of 1097 ⚔️ HKD vs BKKT Full Matrix →

1. Head-to-Head Financials Peer Comparison (BKKT vs. HKD, LIEN, BGIN, PNNT)

Industry: Finance: Consumer Services (156 Tracked Issuers)

Across 1097 tracked Financials securities in the Roarable RQD universe, Bakkt Inc. (Class A) (BKKT) ranks #1075 by composite RQD confidence (23/100, grade E) and #878 by equity capitalization ($209.1M). Within this direct 5-issuer industry benchmark cohort, PNNT leads on earnings valuation at 6.0x trailing P/E, while LIEN leads on capital efficiency and profitability with 11.0% ROIC and — gross margin. HKD currently holds the highest overall quantitative score in the immediate peer group at 53/100 (D+) compared with BKKT at 23/100 (E).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
BKKT ACTIVE
Bakkt Inc. (Class A)
E 23/100 — — -35.0% -5.17% $209.1M Benchmark Subject
HKD
AMTD Digital Inc. (every five of which represent two ) (Class A)
D+ 53/100 — — — -1.81% $209.4M /hkd-vs-bkkt →
LIEN
Chicago Atlantic BDC Inc.
E 34/100 6.3x — 11.0% -0.11% $208.1M /lien-vs-bkkt →
BGIN
Bgin Blockchain Limited (Class A)
E 25/100 — — -35.0% +1.14% $199.1M /bgin-vs-bkkt →
PNNT
PennantPark Investment Corporation
D 47/100 6.0x — 7.2% +2.65% $197.2M /pnnt-vs-bkkt →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001820302 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Bakkt Inc. (Class A) (BKKT) reported GAAP revenue of $2.34B (-32.1% vs. FY2024 revenue of $3.44B , and +221.2% cumulative change since FY2023) , GAAP net income of -$107.2M, operating cash flow of -$153.4M, and free cash flow of -$153.4M (-623.5% YoY). On the balance sheet, BKKT closed FY2025 with $162.8M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 1/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $2.34B -$107.2M -$153.4M -$153.4M $162.8M —
FY2024 (FY) 2024-12-31 $3.44B -$46.7M -$21.2M -$21.2M $269.4M —
FY2023 (FY) 2023-12-31 $727.0M -$74.9M -$60.7M -$60.7M — —

3. BKKT Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is BKKT stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Bakkt Inc. (Class A) (NYSE: BKKT) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 23/100 at a spot price of $4.40 (-5.17% 1D, market cap $209.1M). Pillar breakdown: Fundamental Cash Engine 3/20, Institutional 13F & Options Flow 3/20, SEC Balance-Sheet Forensics 8/20, FRED Macro Regime Fit 6/20, and Executive Insider Alignment 3/20. Across 1097 tracked Financials issuers, BKKT ranks #1075 in composite RQD confidence.

How does BKKT compare to HKD and LIEN in the Financials sector?

Within the Financials sector (Finance: Consumer Services), BKKT carries a Roarable E (23/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -35.0%. By comparison, HKD (AMTD Digital Inc. (every five of which represent two ) (Class A)) holds a D+ grade (53/100 RQD, P/E N/A, ROIC —, cap $209.4M) and LIEN (Chicago Atlantic BDC Inc.) posts a E grade (34/100 RQD, P/E 6.3x, ROIC 11.0%, cap $208.1M). Among the 5-stock peer group, PNNT leads on earnings multiple (6.0x) while LIEN leads on capital efficiency (11.0% ROIC).

What are the biggest fundamental strengths and SEC risk factors for BKKT?

Per BKKT's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001820302), Bakkt Inc. (Class A) generated $2.34B in revenue (-32.1% YoY), -$107.2M in net income, and -$153.4M in free cash flow against $162.8M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

Where is BKKT trading relative to its 50-day, 200-day, and 52-week technical levels?

BKKT last traded at $4.40 (-5.17% on volume of 1,168,459 shares), positioning the stock -38.38% below its 50-day simple moving average ($7.14) and -49.43% below its 200-day simple moving average ($8.70). Across its 52-week range of $4.44 to $28.50, BKKT sits at the 0.0% percentile with a 14-day RSI of 31.7 (OVERSOLD (<32)) and an implied next-earnings move of ±12.5% ($3.85 to $4.95).

Direct Sub-Reports: BKKT RQD Cockpit BKKT 12M Forecast BKKT Earnings & Move BKKT Dividends & DRIP BKKT Insiders & 13F BKKT Whale Options BKKT Profit Sankey BKKT News & Why
ROARABLE RATING BRIEF • RQD 23/100 (E) ✓ SEC XBRL & RQD VERIFIED

BKKT — Bakkt Inc. (Class A): What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Bakkt Inc. (Class A) (BKKT) earns a live Roarable RQD composite score of 23/100, corresponding to a E letter grade (Roarable Strong Sell) at a spot price of $4.40 (-5.17% 1D, market capitalization $209.1M).

  • Fundamental Cash Engine (3/20): Anchored by return on invested capital (ROIC) of -35.0%, gross margin of —, operating margin of -6.3%, and free cash flow yield of —.
  • Whale 13F & Options Flow (3/20) + Insider Conviction (3/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (6/20) + Forensic Balance Sheet (8/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 1/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Bakkt Inc. (Class A) is a NYSE-listed issuer classified under the Financials sector and the Finance: Consumer Services industry. Market capitalization is $0.2B.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Bakkt Inc. (Class A) (BKKT) reported $2.34B in annual revenue (up from $3.44B in FY2024, -32.1% YoY) and -$107.2M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($727.0M revenue, -$74.9M net income) through FY2025, BKKT scaled operating cash flow to -$153.4M and free cash flow to -$153.4M, backed by $162.8M in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (E • RQD 23/100): Established market leader in Financials with deep daily trading liquidity. Free cash flow yield of — and institutional whale pillar of 3/20. With Fundamental Cash Engine at 3/20 and Institutional Whale Flow at 3/20, sustained execution supports upside toward the upper end of the $4.44 – $28.50 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against -6.3% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Operating in Finance: Consumer Services (Financials), BKKT carries a macro regime beta of 1.00 and gross margin of —.

  • Key Question #1: Can BKKT sustain or expand its -6.3% operating margin and -35.0% ROIC against Finance: Consumer Services peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $2.34B and free cash flow of -$153.4M, how will capital allocation balance growth reinvestment against $0 in total debt?
  • Key Question #3: How sensitive is BKKT's equity valuation to Financials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

BKKT Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Bakkt Inc. (Class A) (BKKT) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to BKKT Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

BKKT Bull vs. Bear Conversation Board — What's Your Call at $4.40?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON BKKT 🐻 33% BEARISH CONVICTION
1. Pick Your Side on BKKT:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
DE DeepValue_CFA RQD DEBATE OPENER • Institutional Buy-Side 🐂 BULLISH 🎯 Target: $5.52 (+19.0%)
📌 Pinned Debate

Price of 5.08 sits near the 52-week low of $4.44 while the news feed flags a GREEN CATALYST item referencing $6.54 support.

Don't sleep on BKKT's setup in Financials. Price of 5.08 sits near the 52-week low of $4.44 while the news feed flags a GREEN CATALYST item referencing $6.54 support.. Beta of 1.0 means it moves fast when momentum turns, and the 5-pillar RQD gauge (23/100) backs up the fundamental quality.

VolSurface_Trader 🐂 BULL

Both sides have a point here — BKKT's 8/20 balance sheet score keeps downside contained, so the real swing factor next earnings call is backlog and FCF conversion.

MU MultipleCompression RQD DEBATE OPENER • Valuation Discipline 🐻 BEARISH 🎯 Target: $3.76 (-19.0%)
Spot @ $4.64

ROIC of -35%, FCF yield of 0%, and negative free cash flow in every reported period leave the Fundamental Cash Engine pillar at 3 out o

I respect the product at Bakkt Inc. (Class A), but the stock at $4.64 is a different story. ROIC of -35%, FCF yield of 0%, and negative free cash flow in every reported period leave the Fundamental Cash Engine pillar at 3 out of 20.. FCF yield is 0.0% and RQD sits at 23/100 (E) — why pay up here when you can wait for next quarter's numbers?

LIVE TAPE