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Side-by-side financial comparison of Bakkt Holdings, Inc. (BKKT) and Sintx Technologies, Inc. (SINT). Click either name above to swap in a different company.

Sintx Technologies, Inc. is the larger business by last-quarter revenue ($290.0K vs $272.0K, roughly 1.1× Bakkt Holdings, Inc.). On growth, Sintx Technologies, Inc. posted the faster year-over-year revenue change (-46.5% vs -100.0%). Over the past eight quarters, Sintx Technologies, Inc.'s revenue compounded faster (-35.0% CAGR vs -98.2%).

Bakkt Holdings, Inc., headquartered in Alpharetta, Georgia and New York City, provides a software as a service (SaaS) and API platform for owning and trading cryptocurrency. Bakkt was founded, and is 55% owned, by Intercontinental Exchange (ICE), which also owns the New York Stock Exchange. Bakkt earns revenue from commissions for payments and purchases and sales of cryptocurrency.

Sintx Technologies, Inc. is an advanced materials company specializing in R&D and manufacturing of high-performance silicon nitride and other technical ceramic products. It serves key segments including medical implants, aerospace & defense, industrial wear components, and electric vehicle applications, with core markets across North America, Europe and Asia-Pacific.

BKKT vs SINT — Head-to-Head

Bigger by revenue
SINT
SINT
1.1× larger
SINT
$290.0K
$272.0K
BKKT
Growing faster (revenue YoY)
SINT
SINT
+53.5% gap
SINT
-46.5%
-100.0%
BKKT
Faster 2-yr revenue CAGR
SINT
SINT
Annualised
SINT
-35.0%
-98.2%
BKKT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BKKT
BKKT
SINT
SINT
Revenue
$272.0K
$290.0K
Net Profit
$-2.2M
Gross Margin
64.8%
Operating Margin
-799.3%
Net Margin
-763.8%
Revenue YoY
-100.0%
-46.5%
Net Profit YoY
-344.6%
-30.7%
EPS (diluted)
$-0.50

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BKKT
BKKT
SINT
SINT
Q4 25
$272.0K
$290.0K
Q3 25
$-50.0K
$208.0K
Q2 25
$577.9M
$151.0K
Q1 25
$1.1B
$369.0K
Q4 24
$1.7B
$542.0K
Q3 24
$328.4M
$799.0K
Q2 24
$509.9M
$859.0K
Q1 24
$854.6M
$687.0K
Net Profit
BKKT
BKKT
SINT
SINT
Q4 25
$-2.2M
Q3 25
$-14.9M
$-3.5M
Q2 25
$-14.7M
$-2.3M
Q1 25
$7.7M
$-2.3M
Q4 24
$-19.2M
$-1.7M
Q3 24
$-2.9M
$-6.2M
Q2 24
$-16.4M
$-2.2M
Q1 24
$-8.2M
$-886.0K
Gross Margin
BKKT
BKKT
SINT
SINT
Q4 25
64.8%
Q3 25
44.7%
Q2 25
37.7%
Q1 25
33.3%
Q4 24
71.6%
Q3 24
73.7%
Q2 24
73.9%
Q1 24
67.5%
Operating Margin
BKKT
BKKT
SINT
SINT
Q4 25
-799.3%
Q3 25
50526.0%
-1613.0%
Q2 25
-3.2%
-1764.9%
Q1 25
-1.7%
-645.8%
Q4 24
-0.2%
-319.6%
Q3 24
-7.7%
-802.0%
Q2 24
-4.3%
-315.5%
Q1 24
-3.7%
-465.4%
Net Margin
BKKT
BKKT
SINT
SINT
Q4 25
-763.8%
Q3 25
29836.0%
-1701.4%
Q2 25
-2.5%
-1535.1%
Q1 25
0.7%
-621.1%
Q4 24
-1.1%
-312.7%
Q3 24
-0.9%
-780.9%
Q2 24
-3.2%
-256.6%
Q1 24
-1.0%
-129.0%
EPS (diluted)
BKKT
BKKT
SINT
SINT
Q4 25
$-0.50
Q3 25
$-1.15
$-3.46
Q2 25
$-2.16
$-0.91
Q1 25
$1.13
$-1.29
Q4 24
$-2.99
$17.04
Q3 24
$-0.45
$-6.96
Q2 24
$-2.67
$-3.61
Q1 24
$-1.86
$-21.66

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BKKT
BKKT
SINT
SINT
Cash + ST InvestmentsLiquidity on hand
$27.2M
$4.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$112.8M
$2.9M
Total Assets
$162.8M
$9.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKKT
BKKT
SINT
SINT
Q4 25
$27.2M
$4.1M
Q3 25
$58.3M
$6.3M
Q2 25
$43.5M
$4.3M
Q1 25
$23.0M
$6.5M
Q4 24
$39.0M
$3.6M
Q3 24
$29.0M
$4.8M
Q2 24
$47.5M
$4.6M
Q1 24
$56.6M
$5.8M
Stockholders' Equity
BKKT
BKKT
SINT
SINT
Q4 25
$112.8M
$2.9M
Q3 25
$114.4M
$4.1M
Q2 25
$35.3M
$4.0M
Q1 25
$44.1M
$6.1M
Q4 24
$33.9M
$3.9M
Q3 24
$50.5M
$5.6M
Q2 24
$47.8M
$8.8M
Q1 24
$57.0M
$9.9M
Total Assets
BKKT
BKKT
SINT
SINT
Q4 25
$162.8M
$9.5M
Q3 25
$258.3M
$11.4M
Q2 25
$190.1M
$9.2M
Q1 25
$176.3M
$11.4M
Q4 24
$269.4M
$9.4M
Q3 24
$1.2B
$11.3M
Q2 24
$1.2B
$15.3M
Q1 24
$1.6B
$17.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BKKT
BKKT
SINT
SINT
Operating Cash FlowLast quarter
$-153.4M
$-2.3M
Free Cash FlowOCF − Capex
$-2.4M
FCF MarginFCF / Revenue
-822.8%
Capex IntensityCapex / Revenue
14.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKKT
BKKT
SINT
SINT
Q4 25
$-153.4M
$-2.3M
Q3 25
$-46.7M
$-2.5M
Q2 25
$5.4M
$-2.4M
Q1 25
$-101.3M
$-1.3M
Q4 24
$31.4M
$-1.1M
Q3 24
$-25.1M
$-2.6M
Q2 24
$-65.9M
$-2.2M
Q1 24
$38.4M
$-2.7M
Free Cash Flow
BKKT
BKKT
SINT
SINT
Q4 25
$-2.4M
Q3 25
$-2.6M
Q2 25
$5.3M
Q1 25
$-101.4M
$-1.4M
Q4 24
$31.1M
$-1.3M
Q3 24
$-25.6M
$-2.6M
Q2 24
$-66.4M
$-2.6M
Q1 24
$36.6M
$-2.9M
FCF Margin
BKKT
BKKT
SINT
SINT
Q4 25
-822.8%
Q3 25
-1250.5%
Q2 25
0.9%
Q1 25
-9.4%
-368.6%
Q4 24
1.8%
-234.3%
Q3 24
-7.8%
-323.0%
Q2 24
-13.0%
-299.7%
Q1 24
4.3%
-423.1%
Capex Intensity
BKKT
BKKT
SINT
SINT
Q4 25
14.5%
Q3 25
40.4%
Q2 25
0.0%
0.0%
Q1 25
0.0%
16.0%
Q4 24
0.0%
26.9%
Q3 24
0.2%
1.4%
Q2 24
0.1%
41.8%
Q1 24
0.2%
25.3%
Cash Conversion
BKKT
BKKT
SINT
SINT
Q4 25
Q3 25
Q2 25
Q1 25
-13.14×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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