Bakkt, Inc. (BKKT) Form 10-Q — May 11, 2026
Bakkt, Inc. reported a significant decline in revenue for the first quarter of 2026, with crypto services revenue decreasing by 77.1% to $243,593,000 from $1,065,756,000 in the same period last year. This decline is primarily attributed to the loss of major clients, Webull and Public, which significantly reduced trading volumes on the platform. The company also raised $67.1 million in net proceeds from the issuance of common stock and pre-funded warrants in a registered direct offering in February 2026 and through an at-the-market offering in January 2026.
Key figures
- Eps Beat
- 0
- Revenue
- 243593
- Total Debt
- 42502
- Debt Amount
- 0
- Total Assets
- 213380
- Cash Position
- 80000
- Deal Value Usd
- 0
- Interest Rate
- 0
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Shares Outstanding
- 30709542
- Assets under custody
- 744600000
- Notional traded volume
- 241200000
Price after filing
Close on the filing date to close N calendar days later (from $9.92). Historical, not a forecast.
AI analysis
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