Consolidated Statements of Operations - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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| Revenues: | ||||
| Total revenues | $ 577,882 | $ 509,898 | $ 1,652,792 | $ 1,364,480 |
| Operating expenses: | ||||
| Crypto costs | 561,074 | 491,701 | 1,615,709 | 1,323,673 |
| Execution, clearing and brokerage fees | 4,139 | 3,392 | 11,832 | 9,022 |
| Compensation and benefits | 20,124 | 22,381 | 37,943 | 46,912 |
| Professional services | 4,069 | 3,639 | 9,261 | 7,274 |
| Technology and communication | 2,901 | 3,651 | 6,469 | 9,423 |
| Selling, general and administrative | 3,590 | 5,516 | 7,419 | 13,326 |
| Depreciation and amortization | 154 | 117 | 374 | 174 |
| Related party expenses | 0 | 150 | 0 | 300 |
| Impairment of long-lived assets | 0 | 0 | 0 | 288 |
| Restructuring expenses | 0 | 926 | 228 | 7,067 |
| Other operating expenses | 320 | 442 | 566 | 875 |
| Total operating expenses | 596,371 | 531,915 | 1,689,801 | 1,418,334 |
| Operating loss | (18,489) | (22,017) | (37,009) | (53,854) |
| Interest income, net | (53) | 1,245 | 568 | 2,201 |
| (Loss) gain from change in fair value of warrant liability | (8,604) | (15,114) | 23,644 | (6,068) |
| Other (expense) income, net | (2,946) | 448 | (1,008) | 1,164 |
| Loss before income taxes | (30,092) | (35,438) | (13,805) | (56,557) |
| Income tax expense | (60) | (74) | (110) | (230) |
| Net loss | (30,152) | (35,512) | (13,915) | (56,787) |
| Less: Net loss attributable to noncontrolling interest | (15,418) | (19,088) | (6,889) | (32,198) |
| Net loss attributable to Bakkt Holdings, Inc. | $ (14,734) | $ (16,424) | $ (7,026) | $ (24,589) |
| Net loss per share attributable to Class A Common Stockholders: | ||||
| Basic (in dollars per share) | $ (2.16) | $ (2.67) | $ (1.05) | $ (4.66) |
| Diluted (in dollars per share) | $ (2.16) | $ (2.67) | $ (1.05) | $ (4.66) |
| Crypto services | ||||
| Revenues: | ||||
| Total revenues | $ 568,103 | $ 497,141 | $ 1,633,859 | $ 1,338,481 |
| Loyalty services, net | ||||
| Revenues: | ||||
| Total revenues | $ 9,779 | $ 12,757 | $ 18,933 | $ 25,999 |
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- Definition Crypto Costs No definition available.
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- Definition Execution, Clearing and Brokerage Fees No definition available.
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- Definition The amount of expense in the period for communications and data processing expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Costs of sales and operating expenses for the period incurred from transactions with related parties. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of selling, general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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