---
schema_version: "secwatch.filing_event.v1"
accession: "0001820302-23-000078"
form_type: "8-K"
ticker: "BKKT"
cik: "0001820302"
company_name: "Bakkt, Inc."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T18:52:45.347198+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001820302-23-000078
- form_type: 8-K
- ticker: BKKT
- cik: 0001820302
- company_name: Bakkt, Inc.
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820302/000182030223000078/0001820302-23-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820302/000182030223000078/bakkt-20230810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001820302-23-000078
- JSON: https://secwatch.observer/filing/0001820302-23-000078.json
- Plain text: https://secwatch.observer/filing/0001820302-23-000078.txt

## Key facts
- Earnings Releases
  Bakkt, Inc. reported financial results for quarter ended June 30, 2023.
  - Period: quarter ended June 30, 2023
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820302/000182030223000078/0001820302-23-000078-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.