Bakkt Results Presentation Deck
2Q23 Adjusted EBITDA (non-GAAP)
2Q23 Adjusted EBITDA loss of $(24.5)mm
decreased YoY primarily due to a reduction
in total compensation and benefits
A
$mm's
Net loss
Depreciation and amortization
Interest income, net
Income tax expense (benefit)
EBITDA
Acquisition-related expenses
Share-based and unit-based compensation expense
Cancellation of common units
(Gain) loss from change in fair value of warrant liability
Restructuring expenses
Transition services expense
Adjusted EBITDA loss
Note: All financial data on this slide is unaudited. Adjusted EBITDA is a non-GAAP financial measure. For more information, please refer to the Notes section in this presentation.
2Q23
$(50.5)
3.8
(0.7)
0.2
$(47.2)
17.0
4.4
(0.4)
0.2
1.5
$(24.5)
1Q23
$(44.9)
3.1
(1.6)
0.0
$(43.4)
0.8
7.9
1.0
4.3
0.6
$(28.9)
2Q22
$(27.6)
6.1
(0.2)
(5.1)
$(26.8)
0.2
7.1
(0.0)
(10.3)
0.3
$(29.6)
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