Bakkt Results Presentation Deck
NOTES
Condensed statement
of operations
bakkt
$mm's
Net revenue
Compensation and benefits
SG&A
Other expense
Total operating expense
Operating loss
Other income (expense), net
Loss before income taxes
Income tax benefit (expense)¹
Net loss
Less: Net loss for noncontrolling interest
Net loss attributable to Bakkt Holdings, Inc.
Currency translation adjustment, net of tax
Comprehensive loss
Less: Comprehensive income (loss) for
noncontrolling interest
Comprehensive income (loss) attributable to
Bakkt Holdings, Inc.
Successor
10/15/21 -
12/31/21
$11.5
62.2
8.5
15.3
86.0
($74.5)
(78.5)
($153.0)
(0.1)
($153.1)
($120.7)
($32.4)
(0.3)
($153.4)
(120.9)
($32.4)
10/1/21-
10/14/21
$2.2
33.9
0.8
18.0
52.6
($50.5)
0.0
($50.5)
0.8
($49.7)
0.3
($49.4)
Predecessor
Three Months
Ended 9/30/21
$9.1
22.2
4.4
12.3
39.0
($29.9)
1.0
($28.8)
(0.0)
($28.8)
(0.2)
($29.0)
Three Months
Ended 12/31/20
$9.4
12.6
4.7
20.8
38.2
($28.7)
(0.5)
($29.2)
(0.4)
($29.6)
0.3
($29.3)
¹ Income tax (benefit) expense for Successor reflects management's current estimate. See "Basis of Presentation." As a result, Income tax benefit
(expense) and items derived from it are subject to change
Year Ended
12/31/20
$28.5
43.1
8.2
56.3
107.6
($79.1)
(0.1)
($79.2)
(0.4)
($79.6)
0.2
($79.4)
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