Bakkt Results Presentation Deck
FINANCIAL RESULTS / NET REVENUE
Net revenue
o Net revenue of $13.6mm increased
60% YOY
o Subscription and service revenue of
$6.6mm increased 35% YoY primarily due
to addition of a large financial institution
to our loyalty platform
o Transaction revenue of $7.0mm
increased 99% YoY primarily due to
significant improvement in travel
activity in loyalty redemptions
bakkt
$8.5
$3.5
$4.9
2Q21
Net revenue ($mm)
2Q net revenue 60% YoY
$9.1
$2.7
$6.4
3Q21
$13.7
$6.8
$6.8
4Q21
Subscription and service
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.
$12.5
$6.5
$6.0
1Q22
Transaction
$13.6
$7.0
$6.6
2Q22
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