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$4.65+8.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders’ Equity
(in thousands, except share data)
| Class A Common Stock · Class V Common Stock · Additional Paid-in Capital · Accumulated Deficit · Accumulated Other Comprehensive Income (Loss) · Total Stockholders’ Equity · Noncontrolling Interest · Total Equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares · $ · Shares · $ | ||||||||||
| Balance as of December 31, 2023 | 3,793,837 | $— | 7,200,064 | $1 | $799,683 | $(751,301) | $(101) | $48,282 | $87,432 | $135,714 |
| Share-based compensation | — | — | — | — | 8,013 | — | — | 8,013 | — | 8,013 |
| Shares issued upon vesting of share-based awards, net of tax withholding | 118,593 | — | — | — | (2,259) | — | — | (2,259) | — | (2,259) |
| Equity offerings, net of issuance costs | 1,955,924 | 1 | — | — | 11,268 | — | — | 11,269 | — | 11,269 |
| Exchange of Class V shares for Class A shares | 4,725 | — | (4,725) | — | 63 | — | — | 63 | (63) | — |
| Currency translation adjustment, net of tax | — | — | — | — | — | — | (160) | (160) | (261) | (421) |
| Unrealized losses on available-for-sale securities, net of tax | — | — | — | — | — | — | (60) | (60) | (98) | (158) |
| Net loss | — | — | — | — | — | (8,165) | — | (8,165) | (13,110) | (21,275) |
| Balance as of March 31, 2024 | 5,873,079 | $1 | 7,195,339 | $1 | $816,768 | $(759,466) | $(321) | $56,983 | $73,900 | $130,883 |
| Share-based compensation | — | — | — | — | 2,406 | — | — | 2,406 | — | 2,406 |
| Shares issued upon vesting of share-based awards, net of tax withholding | 86,178 | — | — | — | (59) | — | — | (59) | — | (59) |
| Exercise of warrants | 12 | — | — | — | — | — | — | — | — | — |
| Equity offerings, net of issuance costs | 350,881 | — | — | — | 4,903 | — | — | 4,903 | — | 4,903 |
| Exchange of Class V shares for Class A shares | 398 | — | (398) | — | 5 | — | — | 5 | (5) | — |
| Currency translation adjustment, net of tax | — | — | — | — | — | — | (92) | (92) | (107) | (199) |
| Unrealized losses on available-for-sale securities, net of tax | — | — | — | — | — | — | 72 | 72 | 85 | 157 |
| Net loss | — | — | — | — | — | (16,424) | — | (16,424) | (19,088) | (35,512) |
| Balance as of June 30, 2024 | 6,310,548 | $1 | 7,194,941 | $1 | $824,023 | $(775,890) | $(341) | $47,794 | $54,785 | $102,579 |
| Share-based compensation | — | — | — | — | 2,630 | — | — | 2,630 | — | 2,630 |
| Shares issued upon vesting of share-based awards, net of tax withholding | 11,053 | — | — | — | (8) | — | — | (8) | — | (8) |
| Exercise of warrants | 144,175 | — | — | — | 2,832 | — | — | 2,832 | — | 2,832 |
| Currency translation adjustment, net of tax | — | — | — | — | — | — | 116 | 116 | 131 | 247 |
| Unrealized losses on available-for-sale securities, net of tax | — | — | — | — | — | — | 2 | 2 | 2 | 4 |
| Net loss | — | — | — | — | — | (2,893) | — | (2,893) | (3,398) | (6,291) |
| Balance as of September 30, 2024 | 6,465,776 | $1 | 7,194,941 | $1 | $829,477 | $(778,783) | $(223) | $50,473 | $51,520 | $101,993 |
| Class A Common Stock · Class V Common Stock · Additional Paid-in Capital · Accumulated Deficit · Accumulated Other Comprehensive Income (Loss) · Total Stockholders’ Equity · Noncontrolling Interest · Total Equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares · $ · Shares · $ | ||||||||||
| Balance as of December 31, 2022 | 3,237,074 | $— | 7,339,310 | $1 | $773,000 | $(676,447) | $(290) | $96,264 | $239,811 | $336,075 |
| Share-based compensation | — | — | — | — | 6,713 | — | — | 6,713 | — | 6,713 |
| Unit-based compensation | — | — | — | — | — | — | — | — | 542 | 542 |
| Shares issued upon vesting of share-based awards, net of tax withholding | 59,801 | — | — | — | — | — | — | — | — | — |
| Exchange of Class V shares for Class A shares | 8,115 | — | (8,115) | — | 345 | — | — | 345 | (345) | — |
| Currency translation adjustment, net of tax | — | — | — | — | — | — | 7 | 7 | 15 | 22 |
| Unrealized loss on available-for-sale securities, net of tax | — | — | — | — | — | — | (72) | (72) | (157) | (229) |
| Net loss | — | — | — | — | — | (13,976) | — | (13,976) | (30,883) | (44,859) |
| Balance as of March 31, 2023 | 3,304,990 | $— | 7,331,195 | $1 | $780,058 | $(690,423) | $(355) | $89,281 | $208,983 | $298,264 |
| Share-based compensation | — | — | — | — | 4,614 | — | — | 4,614 | — | 4,614 |
| Unit-based compensation | — | — | — | — | — | — | — | — | 377 | 377 |
| Shares issued upon vesting of share-based awards, net of tax withholding | 100,828 | — | — | — | (2,502) | — | — | (2,502) | — | (2,502) |
| Shares issued in connection with Apex acquisition | 245,624 | — | — | — | 9,062 | — | — | 9,062 | — | 9,062 |
| Currency translation adjustment, net of tax | — | — | — | — | — | — | 112 | 112 | 227 | 339 |
| Unrealized losses on available-for-sale securities | — | — | — | — | — | — | 77 | 77 | 156 | 233 |
| Net loss | — | — | — | — | — | (16,848) | — | (16,848) | (33,663) | (50,511) |
| Balance as of June 30, 2023 | 3,651,442 | $— | 7,331,195 | $1 | $791,232 | $(707,271) | $(166) | $83,796 | $176,080 | $259,876 |
| Share-based compensation | — | — | — | — | 2,957 | — | — | 2,957 | — | 2,957 |
| Unit-based compensation | — | — | — | — | — | — | — | — | 385 | 385 |
| Forfeiture and cancellation of common units | — | — | 193 | — | — | — | — | — | (13) | (13) |
| Shares issued upon vesting of share-based awards, net of tax withholding | 4,128 | — | — | — | — | — | — | — | — | — |
| Exchange of Class V shares for Class A shares | 1,024 | — | (1,024) | — | 37 | — | — | 37 | (37) | — |
| Currency translation adjustment, net of tax | — | — | — | — | — | — | (133) | (133) | (264) | (397) |
| Unrealized losses on available-for-sale securities | — | — | — | — | — | — | 6 | 6 | 10 | 16 |
| Net loss | — | — | — | — | — | (17,331) | — | (17,331) | (34,418) | (51,749) |
| Balance as of September 30, 2023 | 3,656,594 | $— | 7,330,364 | $1 | $794,226 | $(724,602) | $(293) | $69,332 | $141,743 | $211,075 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.