A company still losing money with shrinking sales, with elevated risk. Institutions are adding.
Going well
No debt reported
Watch out for
About 2 months of cash left at its current burn
Losing money
Revenue down 32.1% from the year before
Money moves
No insider buying or selling in the last 30 days
Institutions added 33% to their holdings in the quarter ending June 2026 (66 bought, 45 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$4.78-5.5% that day
Company value
$215M
Share price times all shares
Price vs sales
0.09x
No profit over the last year, so this compares value with sales instead
Cash vs value
23%
Cash as a share of company value
From BKKT's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26
Not reported
Sep '23Tap a barJun '26
What the price assumes
Your guesses, our math
Move the sliders to your own view of BKKT. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$1.4B
Profit in 5 years$138M
Price these guesses point to$41.57+770% vs $4.78 todayAbout +54% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 42% a year for 5 years and still match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-146.2%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-4.6%
MissProfitable every yearSteady profits, not one good year.0 of 5 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$153.4M
MissShare count not growingNot diluting owners. Falling means buybacks.+6.2% in 3 years
Revenue
$2.3B
-32.1% vs prior year
5-year growth
+141.4%/yr
revenue, per year
Total debt
None
0.00x equity
Free cash flow
-$153.4M
-6.6% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 10
EPS
$1.94
vs -$1.08
Free cash flow
-$14.8M
Share count
+205.4%
vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
1.3
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+33.2%
Institutions added 33.2% to their holdings. 66 bought, 45 sold. 5 quarters of net buying in a row.
Shares held by institutions12.8M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+2.0%
Cash runwayAt last year's cash burn
4 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
45M
Why high risk
Losing money
About 4 months of cash left at its current burn
Revenue down 32.1% from the year before
3 offering filings in 6 months (may sell new shares)
Late annual report notice
Late quarterly report notice
Earnings reports
Last 12
Next reportAround Nov 11 (est.)Estimated from the same quarter last year
Results filedAug 10
Results filedMay 11
Results filedMar 17
Results filedJan 20
Results filedNov 12, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days