---
schema_version: "secwatch.filing_event.v1"
accession: "0001820302-24-000118"
form_type: "8-K"
ticker: "BKKT"
cik: "0001820302"
company_name: "Bakkt, Inc."
filed_at: "2024-08-14T23:59:59+00:00"
generated_at: "2026-05-31T09:24:04.962364+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bakkt Q2 revenue $509.9M (+46.7% YoY); net loss improves 29.7% to $35.5M; FY2024 guidance

## Summary
- Total revenue $509.9M (gross crypto $495.1M, net loyalty $12.8M); operating loss improved 56.9% to $22.0M.
- Operating expenses ex-crypto costs down 43.1% YoY to $36.8M; cost restructuring and headcount reduction cited.
- Crypto enabled accounts 6.4M (+6.7% YoY); transacting accounts fell 39.1% to ~719K due to reduced international activity.
- Assets under custody $975M (+47.7% YoY); notional traded volume $672M (+26.6% YoY) on higher crypto prices.
- FY2024 revenue guidance $2,568M–$2,827M; net cash used in operations ($72M)–($79M); year-end cash $35M–$42M.

## SEC filing metadata
- accession: 0001820302-24-000118
- form_type: 8-K
- ticker: BKKT
- cik: 0001820302
- company_name: Bakkt, Inc.
- filed_at: 2024-08-14T23:59:59+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/1820302/000182030224000118/0001820302-24-000118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820302/000182030224000118/bakkt-20240814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001820302-24-000118
- JSON: https://secwatch.observer/filing/0001820302-24-000118.json
- Plain text: https://secwatch.observer/filing/0001820302-24-000118.txt

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