{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-024702","form_type":"8-K","ticker":"BKKT","cik":"0001820302","company_name":"Bakkt, Inc.","filed_at":"2025-05-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.915106+00:00","generated_at":"2026-05-22T00:15:24.136453+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Bakkt Q1 net income $16.2M vs loss year ago; enters DTR cooperation for stablecoin payments","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-024702","json":"https://secwatch.observer/filing/0001628280-25-024702.json","markdown":"https://secwatch.observer/filing/0001628280-25-024702.md","text":"https://secwatch.observer/filing/0001628280-25-024702.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820302/000162828025024702/0001628280-25-024702-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820302/000162828025024702/bakkt-20250512.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T00:15:24.136453+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"}