Bakkt Results Presentation Deck
2Q23 Condensed balance sheet
• $99.4mm of available cash, cash equivalents and
available-for-sale securities
• Cash usage of $18.2mm includes:
A
●
●
●
$5.0mm of acquisition-related expenses
$2.7mm of payment related to a marketing
partnership
$1.8mm of insurance costs
Capex spend of $6.0mm
$mm's
Assets
Cash
cash equivalents
Available-for-sale securities
Safeguarding asset for crypto
Other current assets
Total current assets
Goodwill
Intangible assets, net
Other assets
Total assets
Liabilities and stockholders' equity
Current liabilities
Safeguarding obligation for crypto
Noncurrent liabilities
Total liabilities
Total stockholders' equity
Noncontrolling interest
Total equity
Total liabilities and stockholders' equity
As of 6/30/23
(unaudited)
$84.5
14.9
659.7
70.1
$829.2
66.9
67.7
60.0
$1,023.7
$61.3
659.7
42.9
$763.9
83.8
176.1
$259.9
$1,023.7
As of 12/31/22
Note: All financial data on this slide is unaudited. Cash usage is calculated using changes in cash & cash equivalents and available-for-sale securities balances from the GAAP balance sheet over a specified time period.
Second quarter 2023 cash usage of $18.2mm is calculated by adding the change in available cash & cash equivalents from 3/31/23 to 6/30/23 of $33.7mm with the change in available-for-sale securities from 3/31/23 to
6/30/23 of ($51.9)mm
$98.3
141.1
15.8
71.3
$326.5
15.9
55.8
57.4
$455.5
$76.3
15.8
27.3
$119.4
96.3
239.8
$336.1
$455.5
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