Bakkt Results Presentation Deck

FINANCIAL RESULTS Revenue o Net revenue of $9.1mm increased 38% YOY o Subscription and service revenue of $6.4mm increased 18% YoY primarily due to addition of large financial institution to our loyalty platform o Transaction revenue of $2.7mm increased 133% YoY due primarily to higher customer activity in loyalty redemptions Negative revenue improved $1.4mm year over year primarily due to reduced/removed rebates from trading and clearing bakkt $6.6 $5.5 $1.2 3Q20 $9.4 $5.3 $4.2 4Q20 Transaction Revenue ($mm) $8.1 $4.8 $3.3 1Q21 $8.5 $4.9 $3.5 2Q21 Subscription and service $9.1 $6.4 $2.7 3Q21 19

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