Bakkt Results Presentation Deck
NOTES
Balance
sheet
A
Note: All financial data on this
slide is unaudited.
$mm's
Assets
Current assets
Cash and cash equivalents
Restricted cash
Cash held in escrow
Customer funds
Available-for-sale securities
Accounts receivable, net
Prepaid insurance
Safeguarding asset for crypto
Other current assets
Total current assets
Property, equipment and software, net
Goodwill
Intangible assets, net
Deposits with clearinghouse
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 obligation for crypto
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, 91,286,095 shares issued and
outstanding as of 6/30/23 and 80,926,843 shares outstanding as of 12/31/22)
Class V common stock ($0.0001 par value, 250,000,000 shares authorized, 183,279,887 shares issued and
outstanding as of 6/30/23 and 183,482,777 shares outstanding as of 12/31/22)
Additional paid-in capital
Accumulated other comprehensive loss
Accumulated deficit
Total stockholders' equity
Noncontrolling interest
Total equity
Total liabilities and stockholders' equity
As of 6/30/23
(unaudited)
$84.5
24.9
0.5
14.9
21.0
16.0
659.7
7.8
829.2
20.2
66.9
67.7
15.3
24.5
$1,023.7
$52.4
0.5
3.8
1.0
659.7
3.7
721.0
2.5
1.4
38.9
763.9
0.0
0.0
791.2
(0.2)
(707.3)
83.8
176.1
259.9
$1,023.7
As of 12/31/22
$98.3
16.5
0.6
141.1
25.3
22.8
15.8
6.1
326.5
19.7
15.9
55.8
15.2
22.5
$455.5
$66.8
0.6
4.0
1.2
15.8
3.8
92.1
3.1
0.8
23.4
119.4
0.0
0.0
773.0
(0.3)
(676.4)
96.3
239.8
336.1
$455.5
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