{"schema_version":"secwatch.filing_event.v1","accession":"0001820302-24-000093","form_type":"8-K","ticker":"BKKT","cik":"0001820302","company_name":"Bakkt, Inc.","filed_at":"2024-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.371081+00:00","generated_at":"2026-06-01T23:27:04.709838+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Bakkt Q1 revenues $854.6M, net loss improves 53% YoY; updates FY2024 guidance","bullets":["Total revenues $854.6M (vs $13.2M Q1 2023) driven by Bakkt Crypto acquisition; net loss $21.3M, improved 53% YoY.","Adjusted EBITDA loss $16.3M, improved 44% YoY; operating expenses ex-crypto down 16% to $48.8M.","Notional traded volume $1,041M, up 64% YoY and 324% QoQ; crypto enabled accounts 6.3M, up 9% YoY.","Updated FY2024 guidance: revenues $3,002M-$4,447M; operating expenses $155M-$165M; net cash used ops $58M-$72M.","Restructuring: 28 employees severed, 20% headcount reduction, annualized savings ~$13M."],"urls":{"canonical":"https://secwatch.observer/filing/0001820302-24-000093","json":"https://secwatch.observer/filing/0001820302-24-000093.json","markdown":"https://secwatch.observer/filing/0001820302-24-000093.md","text":"https://secwatch.observer/filing/0001820302-24-000093.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820302/000182030224000093/0001820302-24-000093-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820302/000182030224000093/bakkt-20240515.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T23:27:04.709838+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":"8548349d3134d607914294ddd5dd4d065933f0c2","claim":"Bakkt, Inc. reported the quarter ended March 31, 2024 results: revenue $854.6 million, net income $21.3 million.","evidence_excerpt":"Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Bakkt Reports First Quarter 2024 Results - $854.6 million total revenues including gross crypto revenues and net loyalty revenues - Strong client crypto trading activity with notional traded volume up 324% quarter-over-quarter - $48.8","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820302/000182030224000093/0001820302-24-000093-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Revenue","value":"$854.6 million"},{"label":"Net income","value":"$21.3 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"}