Bakkt Q2 revenue surges to $347.6M on Apex Crypto; net loss widens to $50.5M

Bakkt, Inc.

2023-Q2 EPS reported -$0.36 revenue$360,848,000

Q2 2023 revenues $347.6M (incl. gross crypto $335.3M) vs $14.0M YoY; net loss $50.5M vs $27.6M.
Operating loss $51.1M; adjusted EBITDA loss $24.5M improved 17% YoY.
Crypto enabled accounts 6.0M; notional volume $531M (-51% YoY); assets under custody $660M.
FY2023 guidance: rev $2.1B-$3.8B; net cash used in ops narrowed to $78M-$84M from prior $100M-$110M.
Closed Apex Crypto acquisition; signed 7 new clients including invstr, Blockchain.com, Swan Bitcoin; partnerships with Plaid and Fireblocks.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bakkt, Inc. reported financial results for quarter ended June 30, 2023.

Period: quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 10, 2023 , Bakkt Holdings, Inc. (the “Company”) issued a press release regarding the Company’s results for the quarter ended June 30, 2023.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Bakkt, Inc. filing history →

Source: SEC EDGAR

accession 0001820302-23-000078

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