bakkt unlocks the $1.2+ trillion of digital assets that is currently held in cryptocurrencies, rewards and loyalty points, gaming assets and merchant stored value. we began in 2018 with the vision to bring trust and transparency to digital assets. through the bakkt warehouse and bakkt® bitcoin futures and options contracts, we serve institutional clients in an end-to-end regulated market with true price transparency. for consumers, bakkt aggregates digital assets to enable instant liquidity and to empower users to trade, transfer and pay however they want. merchants within the bakkt ecosystem see a lower cost of payment acceptance, enhanced customer engagement, and decreased loyalty liability through a variety of redemption options.
Company profile
Ticker
BKKT
Exchange
Website
CEO
Gavin Constantine Michael
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
VPC Impact Acquisition Holdings
SEC CIK
Corporate docs
Subsidiaries
Bakkt Opco Holdings, LLC • Bakkt Trust Company LLC • Bakkt Marketplace, LLC • Bakkt, LLC • Bakkt Trade, LLC • Bakkt Clearing, LLC • Bridge2Solutions, LLC • B2S Direct, LLC • B2S Canada, LLC • Bakkt Crypto Australia Pty Ltd ...
IRS number
981550750
BKKT stock data
Latest filings (excl ownership)
PRE 14A
Preliminary proxy
25 Mar 24
10-K
2023 FY
Annual report
25 Mar 24
8-K
Bakkt Reports Fourth Quarter and Full Year 2023 Results
25 Mar 24
8-K
Bakkt Announces Leadership Transition
18 Mar 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
13 Mar 24
8-K
Entry into a Material Definitive Agreement
4 Mar 24
424B5
Prospectus supplement for primary offering
1 Mar 24
424B5
Prospectus supplement for primary offering
1 Mar 24
8-K
Bakkt Announces Preliminary 2023 Financial Results; Preliminary Estimates Within Previously Provided Guidance
29 Feb 24
UPLOAD
Letter from SEC
29 Feb 24
Transcripts
BKKT
Earnings call transcript
2023 Q4
25 Mar 24
BKKT
Earnings call transcript
2023 Q3
14 Nov 23
BKKT
Earnings call transcript
2023 Q2
10 Aug 23
BKKT
Earnings call transcript
2023 Q1
11 May 23
BKKT
Earnings call transcript
2022 Q4
9 Mar 23
BKKT
Earnings call transcript
2022 Q3
10 Nov 22
BKKT
Earnings call transcript
2022 Q2
11 Aug 22
BKKT
Earnings call transcript
2022 Q1
12 May 22
BKKT
Earnings call transcript
2021 Q4
17 Feb 22
BKKT
Earnings call transcript
2021 Q3
12 Nov 21
Latest ownership filings
4
Andrew A Main
26 Mar 24
4
Gavin Constantine Michael
20 Mar 24
4
Marc D'Annunzio
20 Mar 24
4
Karen Alexander
20 Mar 24
4
Change in insider ownership
4 Mar 24
SC 13D/A
Intercontinental Exchange, Inc.
4 Mar 24
4
Charles Goodroe
26 Feb 24
4
Marc D'Annunzio
26 Feb 24
4
Gavin Constantine Michael
26 Feb 24
4
Karen Alexander
26 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 124.70 mm | 124.70 mm | 124.70 mm | 124.70 mm | 124.70 mm | 124.70 mm |
Cash burn (monthly) | (no burn) | 4.36 mm | 17.62 mm | 40.11 mm | (no burn) | 6.47 mm |
Cash used (since last report) | n/a | 26.03 mm | 105.33 mm | 239.80 mm | n/a | 38.65 mm |
Cash remaining | n/a | 98.67 mm | 19.37 mm | -115.09 mm | n/a | 86.06 mm |
Runway (months of cash) | n/a | 22.7 | 1.1 | -2.9 | n/a | 13.3 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 88 |
Opened positions | 15 |
Closed positions | 9 |
Increased positions | 31 |
Reduced positions | 21 |
13F shares | Current |
---|---|
Total value | 32.62 bn |
Total shares | 205.39 mm |
Total puts | 495.40 k |
Total calls | 912.70 k |
Total put/call ratio | 0.5 |
Largest owners | Shares | Value |
---|---|---|
ICE Intercontinental Exchange | 174.79 mm | $0.00 |
PEAK6 Investments | 6.14 mm | $7.18 bn |
BLK Blackrock | 4.48 mm | $5.24 bn |
Vanguard | 3.18 mm | $3.72 bn |
Exchange Traded Concepts | 2.27 mm | $2.65 bn |
Geode Capital Management | 2.07 mm | $2.43 bn |
Van Eck Associates | 1.97 mm | $2.30 mm |
STT State Street | 1.63 mm | $1.91 bn |
Mirae Asset Global Investments | 1.30 mm | $1.53 bn |
Renaissance Technologies | 938.20 k | $1.10 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 Mar 24 | Andrew A Main | Class A Common Stock | Grant | Acquire A | No | No | 0 | 9,146,341 | 0.00 | 9,457,983 |
18 Mar 24 | Karen Alexander | Class A Common Stock | Grant | Acquire A | No | No | 0 | 43,942 | 0.00 | 390,385 |
18 Mar 24 | Marc D'Annunzio | Class A Common Stock | Grant | Acquire A | No | No | 0 | 563,816 | 0.00 | 1,203,616 |
18 Mar 24 | Marc D'Annunzio | Class A Common Stock | Grant | Acquire A | No | No | 0 | 43,942 | 0.00 | 639,800 |
18 Mar 24 | Marc D'Annunzio | Class A Common Stock | Grant | Acquire A | No | No | 0 | 8,894 | 0.00 | 595,858 |
18 Mar 24 | Marc D'Annunzio | Class A Common Stock | Grant | Acquire A | No | No | 0 | 20,334 | 0.00 | 586,964 |
18 Mar 24 | Gavin Constantine Michael | Class A Common Stock | Grant | Acquire A | No | No | 0 | 1,332,456 | 0.00 | 4,218,666 |
18 Mar 24 | Gavin Constantine Michael | Class A Common Stock | Grant | Acquire A | No | No | 0 | 366,188 | 0.00 | 2,886,210 |
18 Mar 24 | Gavin Constantine Michael | Class A Common Stock | Grant | Acquire A | No | No | 0 | 37,062 | 0.00 | 2,520,022 |
18 Mar 24 | Gavin Constantine Michael | Class A Common Stock | Grant | Acquire A | No | No | 0 | 211,670 | 0.00 | 2,482,960 |
News
Citigroup Maintains Sell on Bakkt Hldgs, Lowers Price Target to $0.3
27 Mar 24
Rosenblatt Reiterates Buy on Bakkt Hldgs, Maintains $0.75 Price Target
26 Mar 24
Bakkt Holdings Reports Q4, Shares Climb On Strong FY24 Guidance
25 Mar 24
Bakkt Updates FY24 Outlook, Says Revenues Expected To Grow To $3,292M-$5,114M; Operating Cash Flow Usage For FY24 Expected To Decline ~70% YoY To $58M-$72M
25 Mar 24
Bakkt Hldgs Q4 EPS $(0.29) Misses $(0.13) Estimate, Sales $15.10M Miss $15.25M Estimate
25 Mar 24
Press releases
Bakkt Reports Fourth Quarter and Full Year 2023 Results
25 Mar 24
Bakkt Announces Leadership Transition
18 Mar 24
Bakkt Notified by NYSE of Non-Compliance with NYSE Trading Share Price Listing Rule
13 Mar 24
Bakkt Now Available Through Unchained's Collaborative Custody Network
8 Mar 24
Bakkt Announces $40 Million Registered Direct Offering with Institutional Investors and $10 Million Concurrent Registered Direct Offering
29 Feb 24