Bakkt Holdings, Inc.
For the period ended Jun 30, 2025. Filed Aug 11, 2025.
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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.
Jun 30, 2025 · Filed Aug 11, 2025
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 June 30, 2025(Unaudited) | As ofDecember 31, 2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $43,493 | $39,049 |
| Restricted cash | 17,965 | 24,889 |
| Customer funds | 21,336 | 88,566 |
| Accounts receivable, net | 23,306 | 24,648 |
| Prepaid insurance | 2,068 | 3,972 |
| Other current assets | 2,294 | 2,721 |
| Total current assets | 110,462 | 183,845 |
| Property, equipment and software, net | 1,839 | 2,064 |
| Goodwill | 64,658 | 68,001 |
| Intangible assets | 2,900 | 2,900 |
| Other assets | 10,281 | 12,567 |
| Total assets | $190,140 | $269,377 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $42,683 | $39,911 |
| Customer funds payable | 21,336 | 88,566 |
| Deferred revenue, current | 1,630 | 1,605 |
| Due to related party | — | 2,360 |
| Convertible debentures, net | 22,307 | — |
| Other current liabilities | 5,236 | 5,277 |
| Total current liabilities | 93,192 | 137,719 |
| Deferred revenue, noncurrent | 2,062 | 2,621 |
| Warrant liability | 23,279 | 46,923 |
| Other noncurrent liabilities | 13,782 | 19,261 |
| Total liabilities | 132,315 | 206,524 |
| Commitments and contingencies (Note 14) | ||
| Class A Common Stock ($0.0001 par value, 60,000,000 shares authorized, 6,974,740 shares issued and outstanding as of June 30, 2025 and 6,510,885 shares issued and outstanding as of December 31, 2024) | 1 | 1 |
| Class V Common Stock ($0.0001 par value, 10,000,000 shares authorized, 7,177,076 shares issued and outstanding as of June 30, 2025 and 7,178,303 shares issued and outstanding as of December 31, 2024) | 1 | 1 |
| Additional paid-in capital | 840,671 | 832,693 |
| Accumulated other comprehensive loss | (395) | (841) |
| Accumulated deficit | (804,984) | (797,960) |
| Total Bakkt Holdings, Inc. stockholders' equity | 35,294 | 33,894 |
| Noncontrolling interest | 22,531 | 28,959 |
| Total equity | 57,825 | 62,853 |
| Total liabilities and equity | $190,140 | $269,377 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.