Bakkt Holdings Inc

For the period ended Dec 31, 2023. Filed Mar 25, 2024.

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.

FY2023 · Filed Mar 25, 2024

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, 2023	As of December 31, 2022
Assets
Current assets:
Cash and cash equivalents	$52,882	$98,332
Restricted cash	31,838	16,500
Customer funds	32,925	591
Available-for-sale securities	17,398	141,062
Accounts receivable, net	29,664	25,306
Prepaid insurance	13,049	22,822
Safeguarding asset for crypto	701,556	15,792
Other current assets	3,332	6,060
Total current assets	882,644	326,465
Property, equipment and software, net	60	19,744
Goodwill	68,001	15,852
Intangible assets, net	2,900	55,833
Deposits with clearinghouse	159	15,150
Other assets	13,103	22,458
Total assets	$966,867	$455,502
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable and accrued liabilities	$55,379	$66,787
Customer funds payable	32,925	591
Deferred revenue, current	4,282	3,972
Due to related party	3,230	1,168
Safeguarding obligation for crypto	701,556	15,792
Other current liabilities	4,702	3,819
Total current liabilities	802,074	92,129
Deferred revenue, noncurrent	3,198	3,112
Warrant liability	2,356	785
Other noncurrent liabilities	23,525	23,402
Total liabilities	831,153	119,428
Commitments and contingencies (Note 14)
Stockholders’ equity:
Class A common stock ($0.0001 par value, 750,000,000 shares authorized, 94,845,942 shares issued and outstanding as of December 31, 2023 and 80,926,843 shares issued and outstanding as of December 31, 2022)	9	8
Class V common stock ($0.0001 par value, 250,000,000 shares authorized, 180,001,606 shares issued and outstanding as of December 31, 2023 and 183,482,777 shares issued and outstanding as of December 31, 2022)	19	19
Additional paid-in capital	799,656	772,973
Accumulated other comprehensive loss	(101)	(290)
Accumulated deficit	(751,301)	(676,447)
Total stockholders' equity	48,282	96,263
Noncontrolling interest	87,432	239,811
Total equity	135,714	336,074
Total liabilities and stockholders’ equity	$966,867	$455,502

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

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