{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-047879","form_type":"8-K","ticker":"BKKT","cik":"0001820302","company_name":"Bakkt, Inc.","filed_at":"2024-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.826589+00:00","generated_at":"2026-05-30T00:35:04.969350+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Bakkt Q3 net loss improves 87.8% to $6.3M; guides FY24 cash usage up to $96M","bullets":["Total revenues $328.4M (+60.4% YoY); net loss improved 87.8% to $6.3M, benefiting from $20.0M warrant liability gain.","BakktX institutional trading platform tested, client rollout in Q4'24; possible wind-down of Bakkt Trust due to margin compression.","FY24 guidance: loyalty revenue ~$49-50M (lower), gross crypto revenue at lower end of $10-15M, cash usage $84-96M.","November trading volumes surged to $279M in first 12 days, exceeding October's $165M total.","Crypto enabled accounts 6.5M (+6.7% YoY); assets under custody $938.7M (+85.5% YoY); loyalty accounts down 41.6% YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-047879","json":"https://secwatch.observer/filing/0001628280-24-047879.json","markdown":"https://secwatch.observer/filing/0001628280-24-047879.md","text":"https://secwatch.observer/filing/0001628280-24-047879.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820302/000162828024047879/0001628280-24-047879-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820302/000162828024047879/bakkt-20241114.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T00:35:04.969350+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}