{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-013995","form_type":"8-K/A","ticker":"BKKT","cik":"0001820302","company_name":"Bakkt, Inc.","filed_at":"2025-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.065518+00:00","generated_at":"2026-05-24T10:39:06.298525+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Bakkt Q4 rev $1.8B (+738% YoY), net loss improves; loses Webull client; appoints co-CEO","bullets":["Q4 total revenue $1,797.3M (+738% YoY); net loss improved 48.7% to $40.4M; adjusted EBITDA loss $6.4M (66.3% improvement).","Record notional crypto trading volume $1,777.6M (+778% YoY); crypto enabled accounts 6.7M (+8.1% YoY).","Appointed Akshay Naheta as co-CEO alongside Andy Main; strategic partnership with DTR for stablecoin payments.","Signed definitive agreement to divest Bakkt Trust to ICE for $1.5M plus capital assumption; exploring Loyalty sale or wind-down.","Webull not renewing contract (74% of 2024 crypto revenue); Bank of America ending loyalty agreement (~16% loyalty rev)."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-013995","json":"https://secwatch.observer/filing/0001628280-25-013995.json","markdown":"https://secwatch.observer/filing/0001628280-25-013995.md","text":"https://secwatch.observer/filing/0001628280-25-013995.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820302/000162828025013995/0001628280-25-013995-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820302/000162828025013995/bakkt-20250319.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T10:39:06.298525+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"}