{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-033588","form_type":"8-K","ticker":"BKKT","cik":"0001820302","company_name":"Bakkt, Inc.","filed_at":"2026-05-11T20:36:28+00:00","discovered_at":"2026-05-11T20:38:00.365320+00:00","generated_at":"2026-05-11T20:39:30.455462+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Bakkt Q1 revenue $243.6M (down 77% YoY); net loss $11.7M; completes DTR acquisition","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-033588","json":"https://secwatch.observer/filing/0001628280-26-033588.json","markdown":"https://secwatch.observer/filing/0001628280-26-033588.md","text":"https://secwatch.observer/filing/0001628280-26-033588.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820302/000162828026033588/0001628280-26-033588-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820302/000162828026033588/bakkt-20260511.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-11T20:39:30.455462+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":[{"claim_id":"64bedefa6a196ccf483771c30189ceff456d50a2","claim":"Bakkt, Inc. reported the quarter ended March 31, 2026 results: revenue $243.6 million, net income $11.7 million.","evidence_excerpt":"Total revenue was $243.6 million, compared with $1,065.8 million in Q1 2025.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820302/000162828026033588/0001628280-26-033588-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2026"},{"label":"Revenue","value":"$243.6 million"},{"label":"Net income","value":"$11.7 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}