Bakkt Results Presentation Deck
NOTES
Statement
of
operations
A
$mm's
Revenues:
Crypto services
Loyalty services, net
Total revenues
Operating expenses:
Crypto costs
Execution, clearing and brokerage fees
Compensation and benefits
Professional services
Technology and communication
Selling, general and administrative
Acquisition-related expenses
Depreciation and amortization
Related party expenses
Restructuring expenses
Other operating expenses
Total operating expenses
Operating loss
Note: All financial data on this slide is unaudited.
Interest income, net
Gain (loss) from change in fair value of warrant liability
Other (expense) income, net
Loss before income taxes
Income tax (expense) benefit
Net loss
Less: Net loss attributable to noncontrolling interest
Net loss attributable to Bakkt Holdings, Inc.
Net loss per share attributable to Class A common stockholders
Basic
Diluted
2Q23
$335.3
12.3
347.6
331.8
2.2
27.1
2.9
4.4
7.6
17.0
3.8
1.5
0.2
0.2
398.7
(51.1)
0.7
0.4
(0.3)
(50.4)
(0.2)
(50.5)
(33.7)
$(16.8)
$(0.19)
$(0.19)
1Q23
$0.4
12.8
13.2
0.4
0.0
34.1
2.4
5.7
6.7
0.8
3.1
0.6
4.3
0.7
58.7
(45.4)
1.6
(1.0)
(0.0)
(44.8)
(0.0)
(44.9)
(30.9)
$(14.0)
$(0.17)
$(0.17)
2Q22
$0.7
$13.4
$14.0
0.5
34.2
1.9
4.2
9.8
0.2
6.1
0.3
0.5
57.6
(43.6)
0.2
10.3
0.4
(32.7)
5.1
(27.6)
(23.7)
$(3.9)
$(0.05)
$(0.05)
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