Bakkt Results Presentation Deck

FINANCIAL RESULTS / NET REVENUE Net revenue o 4Q21 Combined net revenue (non- GAAP) of $13.7mm increased 45% over prior year quarter Full year 2021 Combined net revenue (non-GAAP) of $39.4mm up 38% over prior year o 4Q21 combined subscription and service revenue (non-GAAP) of $6.8mm increased 30% YOY, primarily due to growth in customers¹ o 4Q21 combined transaction revenue (non-GAAP) of $6.8mm increased 64% YOY, due primarily to higher customer activity in loyalty redemptions² bakkt $9.4 $5.3 $4.2 4Q20 4Q combined net revenue 45% YoY $8.1 $4.8 Net revenue ($mm) $3.3 1Q21 Transaction $8.5 $4.9 $3.5 2Q21 $9.1 14Q21 subscription and service revenue comprised of $1.1mm and $5.8mm for Predecessor and Successor periods, respectively 24Q21 transaction revenue comprised of $1.1mm and $5.7mm for Predecessor and Successor periods, respectively $6.4 $2.7 3Q21 Subscription and service $13.7 $6.8 $6.8 4Q21 17

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