Bakkt Q1 net income $16.2M vs loss year ago; enters DTR cooperation for stablecoin payments

Bakkt, Inc.

2025-Q1 EPS reported $1.13 revenue$1,074,910,000

Net income of $16.2M (vs $21.3M loss in Q1 2024); total revenues $1,074.9M (+25.8% YoY).
Operating loss improved 41.8% YoY to $18.5M; adj. EBITDA loss $14.5M (vs $16.3M YoY).
Entered cooperation agreement with Distributed Technologies Research (DTR) for AI/stablecoin payment infrastructure; commercial agreement expected by Q3 2025.
Appointed Ankit Khemka as CPO and Phillip Lord as President International.
Suspending quarterly guidance; conducting strategic review for cost efficiencies.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.