For the quarter ending 2025-09-30, BKKT-WT had -$6,660K decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -23,154 | -13,915 |
| Depreciation and amortization | 153 | 374 |
| Non-cash lease expense | 266 | 566 |
| Share-based compensation expense | 8,116 | 9,681 |
| Impairment of long-lived assets | 708 | 0 |
| Loss on sale of bakkt trust | 0 | -2,301 |
| Gain on lease assignment | 0 | 1,755 |
| (loss) gain from change in fair value of warrant liability | 37,187 | -23,644 |
| Loss on extinguishment of convertible debenture | -2,617 | - |
| Change in fair value of derivative asset | -43,350 | - |
| Other | -450 | -87 |
| Accounts receivable | 8,993 | -1,672 |
| Prepaid insurance | 1,892 | -1,904 |
| Accounts payable and accrued liabilities | -6,944 | 3,592 |
| Due to related party | 0 | -2,360 |
| Deferred revenue | 402 | -535 |
| Operating lease liabilities | -874 | -2,698 |
| Customer funds payable | -10,275 | -67,230 |
| Assets and liabilities of businesses held for sale | 0 | 3,476 |
| Other assets and liabilities | 1,074 | 493 |
| Net cash used in operating activities | -46,657 | -95,929 |
| Capitalized internal-use software development costs and other capital expenditures | 703 | 149 |
| Purchase of available-for-sale securities | 5,094 | 0 |
| Proceeds from the settlement of available-for-sale securities | 0 | 0 |
| Proceeds from sale of bakkt trust | 0 | 4,518 |
| Purchase of intangible assets | 2,650 | - |
| Purchase of equity method investment | 11,472 | - |
| Net cash (used in) provided by investing activities | -19,770 | 4,369 |
| Proceeds from concurrent offerings, net of issuance costs | 0 | - |
| Cash paid for financing fees | - | 775 |
| Proceeds from the exercise of warrants-Non Pre Funded Warrants | 1 | - |
| Withholding tax payments on net share settlements on equity awards | 1,705 | 1,712 |
| Proceeds from common stock issuance, net of issuance costs | 62,961 | 0 |
| Proceeds from the exercise of warrants-Pre Funded Warrants | 7,464 | - |
| Proceeds from the exercise of warrants | - | 1 |
| Repayment of convertible debenture | 7,875 | - |
| Proceeds from borrowings on revolving credit facility | 0 | 5,000 |
| Repayments on revolving credit facility | 0 | 5,000 |
| Proceeds from issuance of convertible debentures, net of issuance costs | -1,530 | 23,750 |
| Net cash provided by financing activities | 60,090 | 21,264 |
| Effect of exchange rate changes | -323 | 915 |
| Net decrease in cash, cash equivalents, restricted cash, customer funds and deposits | -6,660 | -69,381 |
| Cash and cash equivalents at beginning of period | 153,746 | - |
| Cash and cash equivalents at end of period | 77,705 | - |
Bakkt Holdings, Inc. (BKKT-WT)
Bakkt Holdings, Inc. (BKKT-WT)