Bakkt Holdings Inc
For the period ended Dec 31, 2023. Filed Mar 25, 2024.
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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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Consolidated Statements of Operations
(in thousands, except per share data)
| Year Ended December 31, 2023 | Year Ended December 31, 2022 | |
|---|---|---|
| Revenues: | ||
| Crypto services | $726,988 | $1,745 |
| Loyalty services, net | 53,148 | 54,479 |
| Total revenues | 780,136 | 56,224 |
| Operating expenses: | ||
| Crypto costs (See Note 2) | 718,511 | 1,657 |
| Execution, clearing and brokerage fees | 3,772 | — |
| Compensation and benefits | 102,042 | 139,049 |
| Professional services | 10,382 | 11,483 |
| Technology and communication | 20,837 | 17,079 |
| Selling, general and administrative | 33,385 | 35,414 |
| Acquisition-related expenses | 4,299 | 5,675 |
| Depreciation and amortization | 13,932 | 25,350 |
| Related party expenses | 3,902 | 1,168 |
| Goodwill and intangible assets impairments | 60,499 | 1,822,089 |
| Impairment of long-lived assets | 30,265 | 11,494 |
| Restructuring expenses | 4,608 | 2,336 |
| Other operating expenses | 1,592 | 2,343 |
| Total operating expenses | 1,008,026 | 2,075,137 |
| Operating loss | (227,890) | (2,018,913) |
| Interest income, net | 4,338 | 1,877 |
| (Loss) gain from change in fair value of warrant liability | (1,571) | 16,638 |
| Other expense, net | (245) | (856) |
| Loss before income taxes | (225,368) | (2,001,254) |
| Income tax (expense) benefit | (444) | 11,320 |
| Net loss | (225,812) | (1,989,934) |
| Less: Net loss attributable to noncontrolling interest | (150,958) | (1,411,829) |
| Net loss attributable to Bakkt Holdings, Inc. | $(74,854) | $(578,105) |
| Net loss per share attributable to Class A common stockholders: | ||
| Basic | $(0.84) | $(8.12) |
| Diluted | $(0.84) | $(8.12) |
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