Bakkt Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 14, 2024
BKKT$4.30+3.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(in thousands, except share data)
| As of September 30, 2024(Unaudited) | As ofDecember 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $28,984 | $52,882 |
| Restricted cash | 35,306 | 31,838 |
| Customer funds | 51,550 | 32,925 |
| Available-for-sale securities | 6,727 | 17,398 |
| Accounts receivable, net | 26,786 | 29,664 |
| Prepaid insurance | 5,619 | 13,049 |
| Safeguarding asset for crypto | 938,695 | 701,556 |
| Other current assets | 4,128 | 3,332 |
| Total current assets | 1,097,795 | 882,644 |
| Property, equipment and software, net | 1,769 | 60 |
| Goodwill | 68,001 | 68,001 |
| Intangible assets, net | 2,900 | 2,900 |
| Other assets | 12,264 | 13,262 |
| Total assets | $1,182,729 | $966,867 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $41,843 | $55,379 |
| Customer funds payable | 51,550 | 32,925 |
| Deferred revenue, current | 2,005 | 4,282 |
| Due to related party | 2,660 | 3,230 |
| Safeguarding obligation for crypto | 938,695 | 701,556 |
| Unsettled crypto trades | 953 | 996 |
| Other current liabilities | 4,243 | 3,706 |
| Total current liabilities | 1,041,949 | 802,074 |
| Deferred revenue, noncurrent | 2,598 | 3,198 |
| Warrant liability | 15,836 | 2,356 |
| Other noncurrent liabilities | 20,353 | 23,525 |
| Total liabilities | 1,080,736 | 831,153 |
| Commitments and contingencies (Note 14) | ||
| Class A Common Stock ($0.0001 par value, 30,000,000 shares authorized, 6,465,776 shares issued and outstanding as of September 30, 2024 and 3,793,837 shares issued and outstanding as of December 31, 2023) | 1 | — |
| Class V Common Stock ($0.0001 par value, 10,000,000 shares authorized, 7,194,941 shares issued and outstanding as of September 30, 2024 and 7,200,064 shares issued and outstanding as of December 31, 2023) | 1 | 1 |
| Additional paid-in capital | 829,477 | 799,683 |
| Accumulated other comprehensive loss | (223) | (101) |
| Accumulated deficit | (778,783) | (751,301) |
| Total stockholders’ equity | 50,473 | 48,282 |
| Noncontrolling interest | 51,520 | 87,432 |
| Total equity | 101,993 | 135,714 |
| Total liabilities and stockholders’ equity | $1,182,729 | $966,867 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.