{"schema_version":"secwatch.filing_event.v1","accession":"0001820302-22-000056","form_type":"8-K","ticker":"BKKT","cik":"0001820302","company_name":"Bakkt, Inc.","filed_at":"2022-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.331264+00:00","generated_at":"2026-06-21T23:37:12.503914+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Bakkt Q3 net revenue $12.9M (+41% YoY) but records $1.55B impairment; acquires Apex Crypto for up to $200M","bullets":["Net revenue $12.9M (+41% YoY); digital asset conversion volume $182M (+73% YoY); transacting accounts 678K (+21%).","Net loss $1,592.5M vs $28.8M loss a year ago; includes $1,547.7M goodwill impairment.","Adjusted EBITDA $(30.7)M vs $(24.1)M; operating expense ex-impairment $60.0M.","Signed definitive agreement to acquire Apex Crypto for up to $200M ($55M cash + stock/seller notes tied to 2025 targets); expected close H1 2023 subject to regulatory approvals.","Available cash and liquid assets $273.7M provides growth capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001820302-22-000056","json":"https://secwatch.observer/filing/0001820302-22-000056.json","markdown":"https://secwatch.observer/filing/0001820302-22-000056.md","text":"https://secwatch.observer/filing/0001820302-22-000056.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820302/000182030222000056/0001820302-22-000056-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820302/000182030222000056/bakkt-20221110.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T23:37:12.503914+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":"041aab45155f62bd947b00f88b9708d7edadbc86","claim":"Bakkt, Inc. reported quarter ended September 30, 2022 results: revenue $12.9, net income $(1,592.5).","evidence_excerpt":"Third Quarter Financial Highlights (unaudited) $mm’s Successor Predecessor Increase/ 3Q22 3Q21 (decrease) Net revenues $12.9 $9.1 41% Goodwill & intangible assets impairments 1,547.7 – NM Operating expenses, excluding impairment 60.0 39.0 54% Total operating expenses 1,607.8 39.0 NM Operating loss $(1,594.9) $(29.9) NM Net loss $(1,592.5) $(28.8) NM Adjusted EBITDA (non-GAAP) $(30.7) $(24.1) (27%)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820302/000182030222000056/0001820302-22-000056-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended September 30, 2022"},{"label":"Revenue","value":"$12.9"},{"label":"Net income","value":"$(1,592.5)"},{"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"}