Bakkt Results Presentation Deck
NOTES
Balance
sheet
(unaudited)
bakkt
$mm's
Assets
Current Assets:
Cash and cash equivalents
Restricted cash
Customer funds
Available-for-sale securities
Accounts receivable, net
Prepaid insurance
Safeguarding asset for cryptoassets
Other current assets.
Total current assets
Property, equipment and software, net
Goodwill
Intangible assets, net
Deposits with clearinghouse, noncurrent (affiliate in Predecessor period)
Other assets
Total assets
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable and accrued liabilities
Customer funds payable
Deferred revenue, current
Due to related party (affiliate in Predecessor period)
Safeguarding obligations for cryptoassets
Other current liabilities
Total current liabilities
Deferred revenue, noncurrent
Warrant liability
Deferred tax liabilities, net
Other noncurrent liabilities
Total liabilities
Stockholders' equity:
Class A common stock ($0.0001 par value, 750,000,000 shares authorized, 75,343,724 shares issued and
outstanding as of 6/30/22 and 57,164,388 shares issued and outstanding as of 12/31/21)
Class V common stock ($0.0001 par value, 250,000,000 shares authorized, 188,438,938 shares issued and
outstanding as of 6/30/22 and 206,271,792 shares issued and outstanding as of 12/31/21)
Additional paid-in capital
Accumulated other comprehensive (loss)
Accumulated deficit
Total stockholders' equity and members' equity.
Noncontrolling interest
Total equity
Total liabilities and stockholders' equity
As of 6/30/22
Successor
$126.8
16.5
0.6
188.7
21.8
23.6
147.1
7.7
532.8
21.3
1,527.1
377.7
15.2
24.1
$2,498.1
$65.6
0.6
4.1
0.6
147.1
2.1
220.1
3.9
4.7
22.4
22.4
273.5
0.0
0.0
718.6
(0.1)
(109.4)
609.1
1,615.6
2,224.7
$2,498.1
As of 12/31/21
$391.4
16.5
0.6
0.0
18.1
32.2
0.0
4.8
463.5
6.1
1,527.1
388.5
15.2
13.9
2,414.3
$64.1
0.6
4.6
0.6
0.0
3.7
73.6
4.8
17.4
11.6
12.7
120.1
0.0
0.0
566.8
(0.1)
(98.3)
468.4
1,825.8
2,294.2
$2,414.3
24View entire presentation