For the year ending 2025-12-31, BKKT had -$108,844K decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 |
|---|---|
| Net loss | -132,232 |
| Depreciation and amortization | 607 |
| Change in fair value of contingent consideration liability | 0 |
| Non-cash lease expense | 895 |
| Share-based compensation expense | 71,603 |
| Unit-based compensation expense | 0 |
| Forfeiture and cancellation of common units | 0 |
| Impairment of long-lived assets | 961 |
| Loss on sale of businesses | -22,663 |
| Gain on lease terminations | 8,884 |
| Goodwill and intangible assets impairments | 0 |
| Loss on disposition of assets | 0 |
| Loss on extinguishment of convertible debenture | -2,617 |
| Loss (gain) from change in fair value of warrant liabilities | -30,191 |
| Change in fair value of derivative assets | 13,973 |
| Loss on equity method investee | -323 |
| Tra equity settlement | 22,983 |
| Other | -538 |
| Accounts receivable | 1,237 |
| Prepaid insurance | -1,223 |
| Deposits with clearinghouse | 2,500 |
| Accounts payable and accrued liabilities | -5,139 |
| Due to related party | -2,358 |
| Deferred revenue | -152 |
| Operating lease liabilities | -4,135 |
| Customer funds payable | -73,904 |
| Assets and liabilities of businesses held for sale | 3,284 |
| Other assets and liabilities | -177 |
| Net cash used in operating activities | -153,399 |
| Capitalized internal-use software development costs and other capital expenditures | 1,167 |
| Purchase of marketable securities | 55,235 |
| Proceeds from the maturity of marketable securities | 55,000 |
| Proceeds from sale of bakkt trust | 4,518 |
| Purchase of intangible assets | 2,650 |
| Purchase of equity method investment | 11,472 |
| Cash paid for loyalty divestiture | -20,146 |
| Cash advance for loyalty buyer | 17,591 |
| Cash proceeds from derivative | 10,621 |
| Acquisition, net of cash acquired-Bumped Financial LLC | 0 |
| Acquisition, net of cash acquired-Apex Crypto LLCBakkt Crypto Solutions LLC | 0 |
| Net cash provided by (used in) investing activities | -38,122 |
| Proceeds from concurrent offerings, net of issuance costs | 0 |
| Withholding tax payments on net share settlements on equity awards | 3,071 |
| Proceeds from the exercise of warrants-Non Pre Funded Warrants | 1 |
| Proceeds from exercise of exercise of stock options | 384 |
| Proceeds from common stock issuance, net of issuance cost | 62,961 |
| Proceeds from the exercise of warrants-Pre Funded Warrants | 7,464 |
| Repayment of convertible debenture | 7,875 |
| Proceeds from borrowings on revolving credit facility | 5,000 |
| Repayments on revolving credit facility | 5,000 |
| Cash paid for financing fees | 1,530 |
| Proceeds from issuance of convertible debentures, net of discounts | 23,750 |
| Net cash provided by (used in) financing activities | 82,084 |
| Effect of exchange rate changes | 593 |
| Net increase (decrease) in cash, cash equivalents, deposits, restricted cash and customer funds | -108,844 |
| Cash, cash equivalents, deposits, restricted cash and customer funds at the beginning of the period | 153,746 |
| Cash, cash equivalents, deposits, restricted cash and customer funds at the end of the period | 44,902 |
Bakkt, Inc. (BKKT)
Bakkt, Inc. (BKKT)