{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-013861","form_type":"8-K","ticker":"BKKT","cik":"0001820302","company_name":"Bakkt, Inc.","filed_at":"2025-03-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.066066+00:00","generated_at":"2026-05-24T12:04:57.824024+00:00","sec_items":[],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Q4 revenue up 738% YoY; Webull (74% of crypto revenue) not renewing; Bakkt to sell Trust to ICE","bullets":["Q4 total revenue $1.80B vs $214.5M a year ago; net loss improved 48.7% to $40.4M.","Notional crypto trading volume record $1.78B, up 778% YoY and 465% sequentially.","Webull will not renew contract ending mid-June 2025; represented 74% of 2024 crypto revenue.","Definitive agreement to sell Bakkt Trust to ICE for $1.5M plus assumed costs; closes subject to regulatory approval.","Q1 2025 guidance: total revenue $1.04-1.30B; end-of-quarter cash expected $22-26M."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-013861","json":"https://secwatch.observer/filing/0001628280-25-013861.json","markdown":"https://secwatch.observer/filing/0001628280-25-013861.md","text":"https://secwatch.observer/filing/0001628280-25-013861.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820302/000162828025013861/0001628280-25-013861-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820302/000162828025013861/bakkt-20250319.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T12:04:57.824024+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"}