For the quarter ending 2026-03-31, BKKT had $56,717K increase in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net (loss) income | -11,650 | -95,163 | -23,154 | -13,915 |
| Tra equity settlement | - | 22,983 | - | - |
| Depreciation and amortization | 66 | 80 | 153 | 374 |
| Other | - | -1 | -450 | -87 |
| Change in fair value of contingent consideration liability | - | 0 | - | - |
| Non-cash lease expense | 0 | 63 | 266 | 566 |
| Share-based compensation expense | 2,805 | 53,806 | 8,116 | 9,681 |
| Unit-based compensation expense | - | 0 | - | - |
| Forfeiture and cancellation of common units | - | 0 | - | - |
| Impairment of long-lived assets | - | 253 | 708 | 0 |
| Loss on sale of businesses | - | -22,663 | - | - |
| Gain on lease terminations | - | 8,884 | - | - |
| Goodwill and intangible assets impairments | - | 0 | - | - |
| Loss on disposition of assets | - | 2,301 | 0 | -2,301 |
| Loss on extinguishment of convertible debenture | - | 0 | -2,617 | - |
| Gain on lease assignment | -1,755 | - | 0 | 1,755 |
| Gain from change in fair value of warrant liability | -4,700 | -43,734 | 37,187 | -23,644 |
| Change in fair value of derivative assets | - | 13,973 | - | - |
| Loss on equity method investment | -221 | -323 | - | - |
| Change in fair value of derivative asset | 43,867 | - | -43,350 | - |
| Accounts receivable | -1,500 | -6,084 | 8,993 | -1,672 |
| Prepaid insurance | -1,082 | -1,211 | 1,892 | -1,904 |
| Deposits with clearinghouse | - | 2,500 | - | - |
| Accounts payable and accrued liabilities | -2,123 | -1,787 | -6,944 | 3,592 |
| Unsettled crypto trades | -1,850 | - | - | - |
| Due to related party | 0 | 2 | 0 | -2,360 |
| Deferred revenue | -769 | -19 | 402 | -535 |
| Operating lease liabilities | -471 | -563 | -874 | -2,698 |
| Customer funds payable | 2,731 | 3,601 | -10,275 | -67,230 |
| Assets and liabilities of businesses held for sale | 0 | -192 | 0 | 3,476 |
| Other assets and liabilities | -548 | -1,744 | 1,074 | 493 |
| Net cash used in operating activities | -12,093 | -10,813 | -46,657 | -95,929 |
| Proceeds from the maturity of marketable securities | - | 55,000 | 0 | 0 |
| Proceeds from sale of bakkt trust | - | 0 | 0 | 4,518 |
| Purchase of intangible assets | - | 0 | 2,650 | - |
| Purchase of equity method investment | - | 0 | 11,472 | - |
| Cash paid for loyalty divestiture | - | -20,146 | - | - |
| Cash advance for loyalty buyer | - | 17,591 | - | - |
| Capitalized internal-use software development costs and other capital expenditures | 25 | - | 703 | - |
| Cash received from partial settlement of derivative arrangement | 2,677 | 10,621 | - | - |
| Acquisition, net of cash acquired-Bumped Financial LLC | - | 0 | - | - |
| Capitalized internal-use software development costs and other capital expenditures | - | 1,018 | - | 149 |
| Acquisition, net of cash acquired-Apex Crypto LLCBakkt Crypto Solutions LLC | - | 0 | - | - |
| Purchase of investments | 14 | 50,141 | 5,094 | 0 |
| Net cash used in investing activities | 1,935 | -22,721 | -19,770 | 4,369 |
| Proceeds from concurrent offerings, net of issuance costs | - | 0 | 0 | - |
| Withholding tax payments on net share settlements on equity awards | - | 3,071 | - | - |
| Repayments on revolving credit facility | - | 0 | 0 | 5,000 |
| Proceeds from the exercise of warrants | 0 | 0 | 1 | - |
| Proceeds from issuance of convertible debentures, net of issuance costs | - | - | -1,530 | 23,750 |
| Proceeds from exercise of exercise of stock options | - | 384 | - | - |
| Proceeds from common stock issuance, net of issuance cost | - | 0 | 62,961 | 0 |
| Cash paid for financing fees | - | 755 | - | 775 |
| Withholding tax payments on net share settlements on equity awards | -3,137 | - | 1,705 | 1,712 |
| Proceeds from the exercise of warrants-Pre Funded Warrants | - | 0 | 7,464 | - |
| Proceeds from equity offerings | 69,602 | - | - | - |
| Proceeds from the exercise of warrants | - | - | - | 1 |
| Repayment of convertible debenture | - | 0 | 7,875 | - |
| Cash paid for equity offerings | 2,541 | - | - | - |
| Proceeds from issuance of convertible debentures, net of discounts | - | 23,750 | - | - |
| Proceeds from borrowings on revolving credit facility | 0 | 0 | 0 | 5,000 |
| Net cash provided by financing activities | 66,781 | 730 | 60,090 | 21,264 |
| Effect of exchange rate changes | 94 | 1 | -323 | 915 |
| Net increase (decrease) in cash, cash equivalents, restricted cash, customer funds and deposits | 56,717 | -32,803 | -6,660 | -69,381 |
| Cash, cash equivalents, restricted cash, customer funds and deposits at the beginning of the period | 44,902 | 77,705 | 153,746 | - |
| Cash, cash equivalents, restricted cash, customer funds and deposits at the end of the period | 101,619 | 44,902 | 77,705 | - |
Bakkt, Inc. (BKKT)
Bakkt, Inc. (BKKT)