v3.26.1
Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Total
Class V Common Stock
Total Bakkt Stockholders' Equity
Common Stock
Class A Common Stock
Common Stock
Class V Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2024       6,510,885 7,178,303        
Beginning balance at Dec. 31, 2024 $ 62,853   $ 33,894 $ 1 $ 1 $ 832,693 $ (797,960) $ (841) $ 28,959
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Share-based compensation 3,343   3,343     3,343      
Shares issued upon vesting of share-based awards, net of tax withholding (in shares)       144,937          
Shares issued upon vesting of share-based awards, net of tax withholding (906)   (906)     (906)      
Exercise of Warrants (in shares)       4          
Exercise of Warrants 1   1     1      
Exchange of Class V shares for Class A shares and Conversion of Debentures (in shares)       529 529        
Exchange of Class V shares for Class A shares and Conversion of Debentures 0   3     3     (3)
Currency translation adjustment, net of tax 29   14         14 15
Net income (loss) 16,239   7,710       7,710   8,529
Ending balance (in shares) at Mar. 31, 2025       6,656,355 7,177,774        
Ending balance at Mar. 31, 2025 81,559   44,059 $ 1 $ 1 835,134 (790,250) (827) 37,500
Beginning balance (in shares) at Dec. 31, 2024       6,510,885 7,178,303        
Beginning balance at Dec. 31, 2024 62,853   33,894 $ 1 $ 1 832,693 (797,960) (841) 28,959
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Currency translation adjustment, net of tax 915                
Net income (loss) (13,915)                
Ending balance (in shares) at Jun. 30, 2025       6,974,740 7,177,076        
Ending balance at Jun. 30, 2025 57,825   35,294 $ 1 $ 1 840,671 (804,984) (395) 22,531
Beginning balance (in shares) at Mar. 31, 2025       6,656,355 7,177,774        
Beginning balance at Mar. 31, 2025 81,559   44,059 $ 1 $ 1 835,134 (790,250) (827) 37,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Share-based compensation 6,338   6,338     6,338      
Shares issued upon vesting of share-based awards, net of tax withholding (in shares)       317,687          
Shares issued upon vesting of share-based awards, net of tax withholding (806)   (806)     (806)      
Exchange of Class V shares for Class A shares and Conversion of Debentures (in shares)       698 698        
Exchange of Class V shares for Class A shares and Conversion of Debentures 0   5     5     (5)
Currency translation adjustment, net of tax 886   432         432 454
Net income (loss) (30,152)   (14,734)       (14,734)   (15,418)
Ending balance (in shares) at Jun. 30, 2025       6,974,740 7,177,076        
Ending balance at Jun. 30, 2025 $ 57,825   $ 35,294 $ 1 $ 1 840,671 (804,984) (395) $ 22,531
Ending balance (in shares) at Dec. 31, 2025 25,523,039 0   25,523,039 0        
Ending balance at Dec. 31, 2025 $ 112,782     $ 3 $ 0 1,017,004 (905,172) 947  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Share-based compensation 2,805         2,805      
Shares issued upon vesting of share-based awards, net of tax withholding (in shares)       171,270          
Shares issued upon vesting of share-based awards, net of tax withholding (2,110)         (2,110)      
Equity offerings, net of issuance costs (in shares)       5,015,233          
Equity offerings, net of issuance costs 68,957         68,957      
Currency translation adjustment, net of tax 94             94  
Net income (loss) (11,650)           (11,650)    
Ending balance (in shares) at Mar. 31, 2026       30,709,542 0        
Ending balance at Mar. 31, 2026 $ 170,878     $ 3 $ 0 1,086,656 (916,822) 1,041  
Beginning balance (in shares) at Dec. 31, 2025 25,523,039 0   25,523,039 0        
Beginning balance at Dec. 31, 2025 $ 112,782     $ 3 $ 0 1,017,004 (905,172) 947  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock option exercise (in shares) 45,000                
Currency translation adjustment, net of tax $ 54                
Net income (loss) $ 69,191                
Ending balance (in shares) at Jun. 30, 2026 45,059,802 0   45,059,802 0        
Ending balance at Jun. 30, 2026 $ 354,390     $ 4 $ 0 1,189,365 (835,980) 1,001  
Beginning balance (in shares) at Mar. 31, 2026       30,709,542 0        
Beginning balance at Mar. 31, 2026 170,878     $ 3 $ 0 1,086,656 (916,822) 1,041  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Share-based compensation 1,892         1,892      
Shares issued upon vesting of share-based awards, net of tax withholding (in shares)       339,058          
Shares issued upon vesting of share-based awards, net of tax withholding (50)         (50)      
Stock option exercise (in shares)       44,964          
Stock option exercise 500         500      
Exercise of Warrants (in shares)       2,475,201          
Shares issued for professional fees (in shares)       125,000          
Shares issued for professional fees 1,125         1,125      
Shares issued for fixed assets (in shares)       49,261          
Shares issued for fixed assets 500         500      
Shares issued for DTR acquisition (in shares)       11,316,776          
Shares issued for DTR acquisition 97,551     $ 1   97,550      
Contingently issuable equity 1,192         1,192      
Currency translation adjustment, net of tax (40)             (40)  
Net income (loss) $ 80,842           80,842    
Ending balance (in shares) at Jun. 30, 2026 45,059,802 0   45,059,802 0        
Ending balance at Jun. 30, 2026 $ 354,390     $ 4 $ 0 $ 1,189,365 $ (835,980) $ 1,001