Every 10-Q that Bakkt, Inc. (BKKT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BKKT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BKKT filings page.
Bakkt, Inc. reported crypto services revenue of $170.1 million for the quarter ended June 30 2026, compared with $568.1 million a year earlier, generating an operating loss from continuing operations of $19.6 million. A large unrealized gain of $98.5 million on Transchem Limited warrants, plus warrant-liability remeasurement and interest income, drove net income from continuing operations to $80.8 million versus a prior-year loss.
Total assets rose to $403.6 million from $162.8 million at year-end, reflecting the DTR acquisition, which added $92.0 million of goodwill and new identifiable intangibles. Cash and cash equivalents increased to $50.0 million, aided by $69.6 million of equity offerings, though operating activities used $26.9 million of cash in the first half.
Management’s going‑concern analysis cites the strengthened cash position and recent capital raises, concluding there is no substantial doubt about the company’s ability to continue as a going concern for 12 months after issuance, while noting ongoing losses, an accumulated deficit of $836.0 million, and significant uncertainty in digital‑asset markets.
Bakkt, Inc. reported a first-quarter 2026 net loss of $11.7 million, compared with net income of $7.7 million a year earlier, as crypto services revenue fell to $243.6 million from $1,065.8 million.
Total assets were $213.4 million, including $80.0 million of cash and cash equivalents and $64.7 million of goodwill. Operating activities used $12.1 million of cash, but Bakkt strengthened liquidity with $69.6 million of equity offering proceeds and $21.5 million raised via at-the-market sales, and management believes existing cash will fund operations for 12 months.
Bakkt Holdings, Inc. reported third‑quarter results marked by higher trading activity and continued losses. Crypto services revenue reached $402.2 million for the quarter, up from $316.3 million a year ago, driven almost entirely by transaction revenue. Operating expenses were $427.5 million, leading to an operating loss from continuing operations of $25.3 million.
Non‑operating items were volatile: a $37.2 million loss from changes in warrant liability fair value was partly offset by $40.9 million of other income. Net loss attributable to Bakkt was $14.9 million for the quarter; nine‑month revenue was $2.04 billion with a net loss attributable of $21.9 million. Cash and cash equivalents were $58.3 million as of September 30, 2025; total stockholders’ equity was $114.4 million.
Bakkt closed the sale of its Loyalty Business on October 1, 2025 and recorded discontinued operations loss of $1.6 million in Q3. Liquidity was bolstered by a July offering of common stock and pre‑funded warrants that raised $75.0 million gross, a $25.0 million convertible debenture (with $17.5 million converted to shares and the remainder redeemed), and a common stock issuance. Class A shares outstanding were 16,466,495 as of September 30, 2025 and 24,038,434 as of November 6, 2025.
Bakkt Holdings, Inc. delivered higher revenue but remained loss-making in Q2 2025. Total revenue for the quarter was $577.9 million, up from $509.9 million a year earlier, driven by growth in crypto services revenue to $568.1 million. The company recorded a consolidated net loss of $30.2 million for the quarter, with a net loss attributable to Bakkt Holdings, Inc. of $14.7 million, and operating loss narrowed to $18.5 million from $22.0 million the prior year period.
Balance sheet and liquidity shifted during the period: total assets declined to $190.1 million from $269.4 million, cash and cash equivalents were $43.5 million, and aggregate cash, restricted cash and customer funds ended at $84.4 million versus $153.7 million at the period start. Management completed the sale of Bakkt Trust to ICE and closed a $25.0 million convertible debenture private placement in June 2025 and reported a subsequent $75.0 million equity/pre-funded warrant raise on July 30, 2025. The filing discloses the non-renewal by its largest crypto client, Webull, which materially reduced historical crypto revenue and was a triggering event the company addressed through cost reductions and financing actions. Management states available liquidity and recent financings should fund operations for 12 months from issuance.