Bakkt, Inc.

For the period ended Dec 31, 2024. Filed Mar 20, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 20, 2025

BKKT$4.65+8.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(in thousands, except share data)

	As of December 31, 2024	As of December 31, 2023
Assets
Current assets:
Cash and cash equivalents	$39,049	$52,882
Restricted cash	24,889	31,838
Customer funds	88,566	32,925
Available-for-sale securities	—	17,398
Accounts receivable, net	24,648	29,664
Prepaid insurance	3,972	13,049
Other current assets	2,721	3,332
Total current assets	183,845	181,088
Property, equipment and software, net	2,064	60
Goodwill	68,001	68,001
Intangible assets	2,900	2,900
Other assets	12,567	13,262
Total assets	$269,377	$265,311
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable and accrued liabilities	$39,911	$55,379
Customer funds payable	88,566	32,925
Deferred revenue, current	1,605	4,282
Due to related party	2,360	3,230
Other current liabilities	5,277	4,702
Total current liabilities	137,719	100,518
Deferred revenue, noncurrent	2,621	3,198
Warrant liability	46,923	2,356
Other noncurrent liabilities	19,261	23,525
Total liabilities	206,524	129,597
Commitments and contingencies (Note 14)
Stockholders’ equity:
Class A common stock ($0.0001 par value, 30,000,000 shares authorized, 6,510,885 shares issued and outstanding as of December 31, 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, 7,178,303 shares issued and outstanding as of December 31, 2024 and 7,200,064 shares issued and outstanding as of December 31, 2023)	1	1
Additional paid-in capital	832,693	799,683
Accumulated other comprehensive loss	(841)	(101)
Accumulated deficit	(797,960)	(751,301)
Total stockholders' equity	33,894	48,282
Noncontrolling interest	28,959	87,432
Total equity	62,853	135,714
Total liabilities and stockholders’ equity	$269,377	$265,311

The accompanying notes are an integral part of these consolidated financial statements

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ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.