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Complete financial analysis of Bakkt Holdings, Inc. (BKKT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Bakkt Holdings, Inc., a leading company in the Software – Infrastructure industry within the Technology sector.
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Bakkt Holdings, Inc. (BKKT)
About Bakkt Holdings, Inc.
Bakkt Holdings, Inc. operates a digital asset platform. The company's platform enables consumers to buy, sell, convert, and spend digital assets. Its customers include merchants, retailers, and financial institutions. Bakkt Holdings, Inc. has a strategic alliance with the Global Payments to collaborate on use cases starting with enabling cryptocurrency redemption in customer loyalty programs offered by bankcard clients, as well as expanding its banking-as-a-service offerings to include consumer access to cryptocurrency. The company was formerly known as VPC Impact Acquisition Holdings and changed its name to Bakkt Holdings, Inc. The company was founded in 2018 and is headquartered in Alpharetta, Georgia. Bakkt Holdings, Inc. is a subsidiary of Intercontinental Exchange Holdings, Inc.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 780.14M | 54.57M | 37.27M | 28.50M | -864.00K |
| Cost of Revenue | 718.51M | 167.61M | 175.10M | 58.63M | 31.64M |
| Gross Profit | 61.63M | -113.04M | -137.83M | -30.14M | -32.51M |
| Gross Profit Ratio | 7.90% | -207.17% | -369.79% | -105.77% | 3,762.38% |
| Research & Development | 0.00 | 1.70M | 4.00M | 900.00K | 0.00 |
| General & Administrative | 166.65M | 185.95M | 152.60M | 57.11M | 2.08M |
| Selling & Marketing | 0.00 | -150.53M | 18.80M | 4.90M | 534.00K |
| SG&A | 166.65M | 185.95M | 152.60M | 57.11M | 2.62M |
| Other Expenses | 122.87M | 45.94M | 35.29M | 21.84M | 0.00 |
| Operating Expenses | 289.52M | 231.89M | 187.88M | 78.95M | 3.95M |
| Cost & Expenses | 1.01B | 231.89M | 187.88M | 78.95M | 35.59M |
| Interest Income | 0.00 | 1.88M | 11.00K | 0.00 | 3.28M |
| Interest Expense | 0.00 | 1.88M | 247.00K | 0.00 | 0.00 |
| Depreciation & Amortization | 13.93M | 25.35M | 16.24M | 7.97M | 87.00K |
| EBITDA | -116.09M | -153.67M | -134.75M | -42.30M | -35.86M |
| EBITDA Ratio | -14.88% | 3,065.93% | -404.07% | -47.84% | 4,150.58% |
| Operating Income | -227.89M | 1.65B | -164.10M | -79.12M | -35.95M |
| Operating Income Ratio | -29.21% | 3,019.48% | -440.26% | -277.66% | 4,160.65% |
| Total Other Income/Expenses | 2.52M | 17.66M | -78.29M | -95.00K | 3.50M |
| Income Before Tax | -225.37M | -2.00B | -242.36M | -79.21M | -33.17M |
| Income Before Tax Ratio | -28.89% | -3,667.52% | -650.24% | -277.99% | 3,839.70% |
| Income Tax Expense | 444.00K | -11.32M | 295.00K | 391.00K | 199.00K |
| Net Income | -74.85M | -578.11M | -242.66M | -79.61M | -32.98M |
| Net Income Ratio | -9.59% | -1,059.44% | -651.03% | -279.36% | 3,816.67% |
| EPS | -21.01 | -203.08 | -4.24 | -3.07 | -0.06 |
| EPS Diluted | -21.01 | -203.08 | -4.24 | -3.07 | -0.06 |
| Weighted Avg Shares Out | 3.56M | 2.85M | 57.16M | 25.92M | 582.50M |
| Weighted Avg Shares Out (Dil) | 3.56M | 2.85M | 57.16M | 25.92M | 582.50M |
Bakkt Announces Preliminary 2023 Financial Results; Preliminary Estimates Within Previously Provided Guidance
ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt”) (NYSE: BKKT) announced certain preliminary financial results for the fourth quarter and full year ended December 31, 2023. Preliminary financial results for fourth quarter 2023 Total revenues for the fourth quarter of 2023 are...
Bakkt Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Results
ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will release its fourth quarter and full year 2023 earnings on Wednesday, March 20, 2024, before market open. Management will host a conference call at 9:00 a.m. ET on...
Bakkt Lost $2 Billion. Here's Its Latest Plan To Survive
When Bakkt launched in 2018, the markets were ecstatic. “Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is now in the bitcoin business,” read the MIT Technology Review.
Swan Bitcoin and Bakkt Team Up to Provide Bitcoin Trading Across 49 U.S. States
ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt”) (NYSE: BKKT) and Swan Bitcoin (“Swan”) today announced that the companies have enabled Bitcoin trading across 49 U.S. states together. Bakkt provides Swan with a breadth of Bitcoin services, including fiat onboarding, Bitcoin trading,...
Bakkt Shelf Registration Statement Declared Effective by the SEC
ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt”) (NYSE: BKKT) announced that its “universal shelf” registration statement on Form S-3 was declared effective by the Securities and Exchange Commission (the "SEC") on February 14, 2024. This registration statement allows Bakkt, so long...
Bakkt Issues Statement Regarding Recently Filed Amendments to Third Quarter Form 10-Q
ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt”) (NYSE: BKKT) issued the following statement regarding the recently filed amendments to its Form 10-Q for the quarter ended September 30, 2023. On Wednesday, we filed amendments to our Quarterly Report on Form 10-Q...
Bakkt, backed by NYSE owner, faces cash crunch; stock plunges
Bakkt, once hailed as Bitcoin's potential saviour, is now grappling with a financial crisis that raises doubts about its future.
Bakkt Expands Crypto Trading Capabilities to 5 More Countries
Bakkt has expanded its crypto trading capabilities to Brazil, Guatemala, Spain, Hong Kong and Singapore. This expansion broadens Bakkt's footprint in Latin America and marks its entry into Asia, the provider of custody, trading and onramp capabilities for the crypto economy...
Bakkt Crypto Capabilities Activated Across Multiple International Regions
ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today its activation of crypto capabilities in several new international markets in Asia, Europe, North America and South America with existing clients Hapi and SogoTrade. Bakkt and stock trading platform Hapi have...
Bakkt Holdings, Inc. (BKKT) Is Attractively Priced Despite Fast-paced Momentum
Bakkt Holdings, Inc. (BKKT) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our...
Source: https://incomestatements.info
Category: Stock Reports