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BKKTBakkt

Crypto · Financial Services · NYSE
Headquarters
Atlanta, GA
CEO
Akshay Sudhir Naheta
Next results
around Jan 19, 2027
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The biggest changes in the 10-K filed 2026-03-19, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Operating margin

-2.4% → -6.3% (-3.9 pts) Big change FY to 2025-12-31 vs 2024-12-31

“Operating expenses decreased $1,040.6 million primarily driven by decreased crypto trading costs as a result in decreased Crypto services revenue.”

Read it in the 10-K ↗

Revenue

-32.1% Big change FY to 2025-12-31 vs 2024-12-31

“Revenue decreased $1,105.8 million primarily driven by a decrease in Crypto services revenue resulting from a decrease in trading volume, including the loss of Webull Pay LLC (“Webull”) as a client in June 2025 and Public Platform LLC (“Public”) in October 2025; and”

Read it in the 10-K ↗

Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

Work on BKKT in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/BKKT/export.csv") into a cell.