v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 43,493 $ 39,049
Restricted cash 17,965 24,889
Customer funds 21,336 88,566
Accounts receivable, net 23,306 24,648
Prepaid insurance 2,068 3,972
Other current assets 2,294 2,721
Total current assets 110,462 183,845
Property, equipment and software, net 1,839 2,064
Goodwill 64,658 68,001
Intangible assets 2,900 2,900
Other assets 10,281 12,567
Total assets 190,140 269,377
Current liabilities:    
Accounts payable and accrued liabilities 42,683 39,911
Customer funds payable 21,336 88,566
Deferred revenue, current 1,630 1,605
Convertible debentures, net 22,307 0
Total current liabilities 93,192 137,719
Deferred revenue, noncurrent 2,062 2,621
Warrant liability 23,279 46,923
Other noncurrent liabilities 13,782 19,261
Total liabilities 132,315 206,524
Commitments and contingencies (Note 14)
Additional paid-in capital 840,671 832,693
Accumulated other comprehensive loss (395) (841)
Accumulated deficit (804,984) (797,960)
Total Bakkt Holdings, Inc. stockholders' equity 35,294 33,894
Noncontrolling interest 22,531 28,959
Total equity 57,825 62,853
Total liabilities and equity 190,140 269,377
Related Party    
Current liabilities:    
Other current liabilities 0 2,360
Nonrelated Party    
Current liabilities:    
Other current liabilities 5,236 5,277
Class A Common Stock    
Current liabilities:    
Common stock, value 1 1
Class V Common Stock    
Current liabilities:    
Common stock, value $ 1 $ 1