COMP <GO>
BKKT vs HKD // 10Y YIELD & FRED MACRO BETA
Bakkt Inc. (Class A) (NYSE) VS. AMTD Digital Inc. (every five of which represent two ) (Class A) (NYSE) • 15-METRIC TALLY: BKKT 1
— HKD 5
■ METRIC PARITY
LAST: $5.08 (-2.87%) • MKT CAP: $229.0M
macro-sensitivity
—
LAST: $1.73 (0.00%) • MKT CAP: $218.3M
macro-sensitivity
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (BKKT VS. HKD)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | BKKT | HKD | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -35.00% | — | — | TIE | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | — | 6.56% | — | TIE | /fcf-yield <GO> |
| Operating Margin | -6.30% | 0.80% | -7.10 | HKD | /operating-margins <GO> |
| Net Profit Margin | -4.60% | 68.00% | -72.60 | HKD | /net-margins <GO> |
| Revenue Growth (YoY) | -32.10% | 180.00% | -212.10 | HKD | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 1/9 | 5/9 | -4.00 | HKD | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 27.2 | 43.3 | -16.10 | HKD | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta ACTIVE | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $229.0M | $218.3M | $10.7M | BKKT | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | BKKT REV | HKD REV | BKKT GROSS % | HKD GROSS % | BKKT FCF | HKD FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $2.34B | $136.1M | — | — | -$153.4M | $14.3M |
| FY 2024 | $3.44B | $20.4M | — | — | -$21.2M | $4.1M |
| FY 2023 | $727.0M | $12.0M | — | — | -$60.7M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
BKKT // BETA —
HKD // BETA —