Bakkt, Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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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, 2026 · Filed Nov 9, 2026
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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Consolidated Balance Sheets
(in thousands, except share data)
| As of September 30, 2026(Unaudited) | As ofDecember 31, 2025 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $36,572 | $26,962 |
| Restricted cash | 749 | 575 |
| Customer funds | 16,017 | 14,662 |
| Investments | 375 | 235 |
| Accounts receivable, net | 8,132 | 12,070 |
| Prepaid insurance | 2,859 | 2,749 |
| Other current assets | 13,638 | 14,947 |
| Total current assets | 78,342 | 72,200 |
| Property, equipment and software, net | 2,662 | 1,660 |
| Goodwill | 154,885 | 64,658 |
| Intangible assets | 21,718 | 5,550 |
| Equity method investment | 10,434 | 11,149 |
| Derivative asset | — | 3,352 |
| Transchem warrants | 134,755 | — |
| Other assets | 7,470 | 4,219 |
| Total assets | $410,266 | $162,788 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $9,299 | $14,876 |
| Customer funds payable | 16,017 | 14,662 |
| Deferred revenue, current | — | 789 |
| Other current liabilities | 66 | 2,703 |
| Total current liabilities | 25,382 | 33,030 |
| Warrant liabilities | 9,881 | 16,732 |
| Other noncurrent liabilities | 5,206 | 244 |
| Total liabilities | 40,469 | 50,006 |
| Commitments and contingencies (Note 17) | ||
| Class A Common Stock ($0.0001 par value, 560,000,000 shares authorized, 45,109,234 and 25,523,039 shares issued and outstanding as of September 30, 2026 and December 31, 2025), respectively. | 4 | 3 |
| Additional paid-in capital | 1,190,391 | 1,017,004 |
| Accumulated other comprehensive income | 1,131 | 947 |
| Accumulated deficit | (821,729) | (905,172) |
| Total stockholders' equity | 369,797 | 112,782 |
| Total liabilities and stockholders' equity | $410,266 | $162,788 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.