---
schema_version: "secwatch.filing_event.v1"
accession: "0001820302-24-000031"
form_type: "8-K"
ticker: "BKKT"
cik: "0001820302"
company_name: "Bakkt, Inc."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T07:14:32.370171+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Bakkt preliminary FY2023 revenue $778-780M, within guidance; cash at $68-70M

## Summary
- Q4 2023 total revenue estimated at $213M-$215M; full-year revenue $778M-$780M, within prior guidance of $750M-$1,268M.
- Net loyalty revenue full-year $51M-$53M, in line with guidance of $53M.
- Cash, equivalents and securities at year-end 2023: $68M-$70M.
- FY2023 operating cash burn (ex-customer funds) $87M-$89M; free cash flow usage $100M-$102M, both within guidance.
- Results are preliminary, subject to revision upon completion of 10-K.

## SEC filing metadata
- accession: 0001820302-24-000031
- form_type: 8-K
- ticker: BKKT
- cik: 0001820302
- company_name: Bakkt, Inc.
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820302/000182030224000031/0001820302-24-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820302/000182030224000031/bakkt-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001820302-24-000031
- JSON: https://secwatch.observer/filing/0001820302-24-000031.json
- Plain text: https://secwatch.observer/filing/0001820302-24-000031.txt

## Key facts
- Earnings Releases
  Bakkt, Inc. reported fiscal year 2023 results: revenue $778 million to $780 million. Guidance reaffirmed.
  - Period: fiscal year 2023
  - Revenue: $778 million to $780 million
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: Total revenues for fiscal year 2023 are estimated to be in a range of $778 million to $780 million, which is expected to be in line with prior guidance of between $750 million and $1,268 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820302/000182030224000031/0001820302-24-000031-index.htm
- Earnings Releases
  Bakkt, Inc. reported the fourth quarter of 2023 results: revenue $213 million to $215 million.
  - Period: the fourth quarter of 2023
  - Revenue: $213 million to $215 million
  - Result: preliminary results
  source text: Total revenues for the fourth quarter of 2023 are estimated to be in a range of $213 million to $215 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820302/000182030224000031/0001820302-24-000031-index.htm

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