Bakkt Results Presentation Deck

FINANCIAL RESULTS Summary of consolidated results o Net revenues of $9.1mm increased by $2.5mm or 38% YoY primarily driven by strong transaction revenue growth from the loyalty redemption business o Operating expenses of $39.0mm increased $14.7mm or 60% YoY primarily due to increased headcount Other income of $1.1mm related to non-recurring gain from the sale of bitcoin to rebalance inventory bakkt $mm's Revenue Expense Operating loss Other income Interest income (exp.), net Income tax (exp.) benefit Net loss 3Q21 $9.1 39.0 (29.9) 1.1 (0.1) (0.0) ($28.8) 2Q21 $8.5 39.8 (31.3) (0.3) (0.1) (0.2) ($31.9) 3Q20 $6.6 24.3 (17.7) (0.1) (0.2) (0.0) ($18.0) 18

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