Bakkt Q1 revenue $243.6M (down 77% YoY); net loss $11.7M; completes DTR acquisition

Bakkt, Inc.

• Total revenue $243.6M vs $1.065.8B in Q1 2025; crypto costs and fees $242.0M.
• Net loss attributable $11.7M vs net income $7.7M; prior year had $32.2M warrant gain.
• Adjusted EBITDA loss $13.7M, up from $11.7M loss; controllable opex $18.5M.
• Cash and equivalents $82.6M; no long-term debt; closed DTR all-stock acquisition on April 30.
• Appointed Daniel Ishag as CCO; signed MoU with Zoth for stablecoin payments in Global South.

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.