v3.26.1
Goodwill and Intangible Assets, Net (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill
Changes in goodwill consisted of the following (in thousands):
Balance as of January 1, 2025
Goodwill$1,579,265 
Accumulated impairment(1,511,264)
68,001 
Sale of Bakkt Trust(3,343)
Balance as of December 31, 2025
Goodwill1,575,922 
Accumulated impairment(1,511,264)
$64,658 
DTR Acquisition$92,032 
Balance as of June 30, 2026
Goodwill$1,667,954 
Accumulated impairment(1,511,264)
$156,690 
Intangible Asset, Indefinite-Lived
Intangible assets consisted of the following as of June 30, 2026 and December 31, 2025 (in thousands):
June 30, 2026
Weighted Average Useful Life (in years)Gross Carrying AmountAccumulated Amortization
Impairment
Net Carrying Amount
Trademarks / trade namesIndefinite$2,900 — — $2,900 
Domain namesIndefinite2,650 — — 2,650 
Customer relationships121,630 23 — 1,607 
Developed technology510,090 336 — 9,754 
Acquired workforce21,444 120 — 1,324 
Non compete agreements24,820 401 — 4,419 
Marketing-related assets1250 42 — 208 
Total$23,784 $922 $— $22,862 
December 31, 2025
Weighted Average Useful Life (in years)Gross Carrying AmountAccumulated Amortization
Impairment
Net Carrying Amount
Trademarks / trade namesIndefinite$2,900 — — $2,900 
Domain namesIndefinite2,650 — — 2,650 
Total$5,550 $— $— $5,550