| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total revenues and gains from operations-Sales Channel Alternative Payment Platform | NaN | NaN | 402,211 | NaN |
| Total revenues | NaN | 280,240 | NaN | 577,882 |
| Revenue | 243,593 | NaN | NaN | NaN |
| Crypto costs | 239,970 | 295,866 | 396,815 | 561,074 |
| Execution, clearing and brokerage fees | 1,980 | 2,639 | 3,965 | 4,139 |
| Compensation and benefits | 6,602 | 31,309 | 8,084 | 20,124 |
| Related party expenses | NaN | 0* | 0 | 0 |
| Professional services | 7,745 | 8,631 | 7,364 | 4,069 |
| Technology and communication | 1,787 | -1,372 | 2,210 | 2,901 |
| Selling, general and administrative | 2,362 | 2,036 | 3,211 | 3,590 |
| Acquisition-related expenses | NaN | 13* | NaN | NaN |
| Goodwill and intangible assets impairments | NaN | 0* | NaN | NaN |
| Impairment of long-lived assets | NaN | NaN | NaN | 0 |
| Tra settlement expense | NaN | 27,875* | NaN | NaN |
| Impairment of long-lived assets | NaN | -707* | 480 | NaN |
| Depreciation and amortization | 66 | 80 | 153 | 154 |
| Restructuring expenses | 0 | 0 | 5,107 | 0 |
| Other operating expenses | 5 | -567 | 85 | 320 |
| Total operating expenses | 260,517 | 365,803 | 427,474 | 596,371 |
| Operating loss from continuing operations | -16,924 | -85,563 | -25,263 | -18,489 |
| Interest income, net | 185 | 272 | -50 | -53 |
| Gain from change in fair value of warrant liability | -4,700 | -43,735 | 37,187 | 8,604 |
| Change in fair value of derivative instrument | -224 | NaN | NaN | NaN |
| Other income, net | 846 | -20,445 | 40,921 | -2,946 |
| Loss from continuing operations before income taxes and equity in earnings of affiliates | NaN | -65,447 | NaN | NaN |
| (loss) income from continuing operations before income taxes and equity in net earnings of affiliates | -11,417 | NaN | -21,579 | -30,092 |
| Income tax expense | 12 | -133 | -25 | 60 |
| Net (loss) income from continuing operations before equity in net earnings of affiliates | -11,429 | -65,314* | NaN | NaN |
| Loss from equity method investment | -221 | -81* | NaN | NaN |
| Net (loss) income from continuing operations | -11,650 | -65,395* | -21,554 | NaN |
| Net loss from discontinued operations, net of tax | 0 | -29,768* | -1,602 | NaN |
| Net (loss) income | -11,650 | -95,163 | -23,156 | -30,152 |
| Less net income attributable to noncontrolling interest | 0 | -9,893 | -8,238 | -15,418 |
| Net (loss) income attributable to bakkt, inc | -11,650 | -85,270 | -14,918 | -14,734 |
| Basic EPS | -0.41 | -7.053 | -1.15 | -2.16 |
| Diluted EPS | -0.41 | -7.053 | -1.15 | -2.16 |
| Basic Average Shares | 28,379,941 | 12,090,013* | 13,015,011 | 6,825,634 |
| Diluted Average Shares | 28,379,941 | 12,090,013* | 13,015,011 | NaN |
Bakkt, Inc. (BKKT)
Bakkt, Inc. (BKKT)