| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Total revenues | $2.34B-32.1% | $3.44B+373.3% | $727.0M+1234.4% | $54.5M+374.5% | $11.5M-58.9% | $28.0M-1.9% | $28.5M |
| Crypto costs (See Note 2) | $2.31B-32.2% | $3.40B+373.6% | $718.5M+43262.2% | $1.7M | — | — | — |
| Execution, clearing and brokerage fees | $18.4M-23.3% | $24.0M+536.9% | $3.8M | $0 | — | — | — |
| Compensation and benefits | $77.3M+114.4% | $36.1M-20.7% | $45.5M-67.3% | $139.0M+123.6% | $62.2M-31.9% | $91.3M+111.6% | $43.1M |
| Professional services | $25.3M+53.6% | $16.4M+61.8% | $10.2M-11.5% | $11.5M+278.5% | $3.0M-41.4% | $5.2M-10.0% | $5.8M |
| Technology and communication | $7.3M-22.9% | $9.5M-24.1% | $12.5M-26.9% | $17.1M+458.9% | $3.1M-70.6% | $10.4M+6.6% | $9.7M |
| Selling, general and administrative | $12.7M-48.0% | $24.4M-21.1% | $30.9M-12.8% | $35.4M+315.6% | $8.5M-58.0% | $20.3M+147.1% | $8.2M |
| Acquisition-related expenses | $53K-58.6% | $128K-97.0% | $4.3M-24.2% | $5.7M+254.0% | $1.6M-93.5% | $24.8M+85.4% | $13.4M |
| TRA settlement expense | $26.9M | $0 | $0 | — | — | — | — |
| Depreciation and amortization | $607K+77.0% | $343K-97.2% | $12.3M-51.3% | $25.4M+367.5% | $5.4M-43.6% | $9.6M+17.9% | $8.2M |
| Related party expenses | $0-100.0% | $600K-84.6% | $3.9M+234.1% | $1.2M+89.3% | $617K-58.4% | $1.5M-51.8% | $3.1M |
| Goodwill and intangible assets impairments | $0 | $0-100.0% | $12.7M-99.3% | $1.82B | $0 | $0 | — |
| Impairment of long-lived assets | $733K-1.5% | $744K-96.9% | $24.1M+109.7% | $11.5M+861.0% | $1.2M-66.8% | $3.6M-76.5% | $15.3M |
| Restructuring expenses | $5.3M-34.9% | $8.2M+92.8% | $4.2M+81.9% | $2.3M | $0 | $0 | — |
| Other operating expenses | $84K+180.0% | $30K-91.9% | $369K-84.3% | $2.3M+488.7% | $398K-71.1% | $1.4M+60.9% | $857K |
| Total operating expenses | $2.48B-29.5% | $3.52B+298.9% | $883.2M-57.4% | $2.08B+2312.2% | $86.0M-48.8% | $168.0M+56.1% | $107.6M |
| Operating loss from continuing operations | -$147.8M-79.0% | -$82.6M+47.1% | -$156.2M+92.3% | -$2.02B-2608.3% | -$74.5M+46.8% | -$140.1M-77.0% | -$79.1M |
| Interest income, net | $791K-81.7% | $4.3M-0.5% | $4.3M+131.1% | $1.9M+16963.6% | $11K+104.5% | -$247K-300.8% | $123K |
| Gain (loss) from change in fair value of warrant liability | $30.2M+275.7% | -$17.2M-994.0% | -$1.6M-109.4% | $16.6M+121.0% | -$79.4M | $0 | $0 |
| Other income, net | $19.5M+1588.6% | $1.2M+544.1% | $179K+120.9% | -$856K-202.9% | $832K+70.8% | $487K+323.4% | -$218K |
| Loss from continuing operations before income taxes and equity in earnings of affiliates | -$97.4M-3.3% | -$94.3M+38.5% | -$153.3M | — | — | — | — |
| Income tax (benefit) expense | -$49K-144.5% | $110K-69.0% | $355K-96.9% | $11.3M+196.3% | -$11.8M-2052.0% | $602K+254.0% | -$391K |
| Net loss from continuing operations before equity in net earnings of affiliates | -$97.3M-3.1% | -$94.4M+38.6% | -$153.7M | — | — | — | — |
| Loss from equity method investment | -$323K | $0 | $0 | — | — | — | — |
| Net loss from continuing operations | -$97.7M-3.4% | -$94.4M+38.6% | -$153.7M | — | — | — | — |
| Net loss from discontinued operations, net of tax | -$34.6M-282.6% | -$9.0M+87.5% | -$72.2M | — | — | — | — |
| Net loss | -$132.2M-27.8% | -$103.4M+54.2% | -$225.8M+88.7% | -$1.99B-1107.3% | -$164.8M-18.4% | -$139.2M-74.9% | -$79.6M |
| Less: Net loss attributable to noncontrolling interest | -$25.0M+55.9% | -$56.8M+62.4% | -$151.0M+89.3% | -$1.41B-1068.4% | -$120.8M+91.4% | -$1.41B | — |
| Net loss attributable to Bakkt, Inc. | -$107.2M-129.8% | -$46.7M+37.7% | -$74.9M+87.1% | -$578.1M-1214.0% | -$44.0M+68.4% | -$139.2M-74.9% | -$79.6M |
| Basic net loss per share attributable to Class A common stockholders, Continuing operations (in dollars per share) | -$6550.00+9.9% | -$7270.00+49.1% | -$14290.00 | — | — | — | — |
| Basic net loss per share attributable to Class A common stockholders, Discontinued operations (in dollars per share) | -$2320.00-231.4% | -$700.00+89.6% | -$6720.00 | — | — | — | — |
| Total basic net loss per share attributable to Class A common stockholders (in dollars per share) | -$8870.00-11.3% | -$7970.00+62.1% | -$21010.00+89.7% | -$203080.00-25071504.9% | -$0.81+90.0% | -$8.12 | — |
| Diluted net loss per share attributable to Class A common stockholders, Continuing operations (in dollars per share) | -$6550.00+9.9% | -$7270.00+49.1% | -$14290.00 | — | — | — | — |
| Diluted net loss per share attributable to Class A common stockholders, Discontinued operations (in dollars per share) | -$2320.00-231.4% | -$700.00+89.6% | -$6720.00 | — | — | — | — |
| Total diluted net loss per share attributable to Class A common stockholders (in dollars per share) | -$8870.00-11.3% | -$7970.00+62.1% | -$21010.00+89.7% | -$203080.00-25071504.9% | -$0.81+90.0% | -$8.12 | — |
| Crypto services | |||||||
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.