Bakkt Holdings, Inc. (BKKT) Reports Q3 Loss of $0.19/sh

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Bakkt Reports Third Quarter 2023 Results

November 14, 2023 7:30 AM EST

Gross crypto services revenues of $191.8 million and associated crypto costs and execution, clearing and brokerage fees of $190.1 million

Total revenues of $204.8 million include gross crypto revenues and net loyalty revenues

Total operating expenses of $257.6 million includes crypto costs and execution, clearing and brokerage fees and goodwill and intangible assets impairments. Excluding crypto costs and execution, clearing and brokerage fees and goodwill and intangible assets impairments, expenses were $44.2 million down 26% year-over-year

Expansion of crypto capabilities in nine new international markets expected to be active by... More