Bakkt Results Presentation Deck

NOTES Balance sheet bakkt Balance Sheet ($ in thousands) Assets Current assets: Cash and cash equivalents Restricted cash Customer funds Accounts receivable, net Investment in shares of affiliate stock, current Deposits with clearinghouse affiliate, current Other current assets Total current assets Property, equipment and software, net Goodwill Intangible assets, net Deposits with clearinghouse affiliate, noncurrent Other assets Total assets Liabilities and Members' Equity Current liabilities: Accounts payable and accrued liabilities Customer funds payable Deferred revenue, current Due to affiliates Other current liabilities Total current liabilities Deferred revenue, noncurrent Deferred tax liabilities, net Other liabilities Total liabilities Mezzanine equity: Incentive units Members' equity: Class A voting units Class B voting units Class B warrant Class C voting units Class C warrant Accumulated other comprehensive income Accumulated deficit Total members' equity Total liabilities and members' equity September 30, 2021 (Unaudited) $22,106 16,500 357 13,280 7,232 59,475 20,067 233,429 57,336 15,151 4,272 $397,730 $57,286 357 4,255 2,312 2,380 66,590 4,111 95 3,179 73,975 23,574 3,071 187,926 310,104 969 173 (202,062) 300,181 $397,730 December 31, 2020 $75,361 16,500 81 10,408 1,823 20,200 7,690 132,063 19,957 233,429 62,199 15,150 5,578 $468,376 $42,915 01 4,282 1,856 1,943 51,077 4,103 95 3,319 58,594 21,452 2,613 182,500 5,426 310,104 191 (112,504) 388,330 $468,376 28

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