Bakkt Results Presentation Deck
FINANCIAL RESULTS / NET REVENUE
Net revenue
o Net revenue of $12.5mm increased
54% YOY
o Subscription and service revenue of
$6.0mm increased 24% YoY primarily due
to addition of a large financial institution
to our loyalty platform
o Transaction revenue of $6.5mm
increased 97% YoY primarily due to
significant improvement in travel
activity in loyalty redemptions
bakkt
$8.1
$4.8
$3.3
$8.5
1Q21
$4.9
$3.5
Net revenue ($mm)
1Q net revenue ↑ 54% YoY
$13.7
$9.1
$6.4
$2.7
2Q21
Transaction
Note: 4Q21 subscription and service revenue comprised of $1.1mm and $5.8mm for Predecessor and Successor periods, respectively. 4Q21
transaction revenue comprised of $1.1mm and $5.7mm for Predecessor and Successor periods, respectively.
3Q21
$6.8
$6.8
4Q21
Subscription and service
$12.5
$6.0
$6.5
1Q22
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