Bakkt Results Presentation Deck
NOTES
Balance
sheet
A
$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
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
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, 77,682,402 shares
issued and outstanding as of 9/30/22 and 57,164,388 shares outstanding as of 12/31/21)
Class V common stock ($0.0001 par value, 250,000,000 shares authorized, 186,352,843
shares issued and outstanding as of 9/30/22 and 206,271,792 shares outstanding as of 12/31/21)
Additional paid-in capital
Accumulated other comprehensive loss
Accumulated deficit
Total stockholders' equity
Noncontrolling interest
Total equity
Total liabilities and stockholders' equity
Successor
As of 9/30/22
(unaudited)
$159.9
16.5
0.6
113.9
22.1
20.6
119.4
6.1
459.0
29.4
137.2
214.4
15.2
23.4
$878.5
$56.2
0.6
3.8
0.9
119.4
3.4
184.3
3.6
4.3
2.7
24.8
219.7
763.2
(0.4)
(577.5)
185.3
473.5
658.8
$878.5
As of 12/31/21
$391.4
16.5
0.6
18.1
32.2
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
3.7
73.6
4.8
17.4
11.6
12.7
120.1
566.8
(0.1)
(98.3)
468.4
1,825.8
2,294.2
$2,414.3
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