Bakkt Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2020	Dec 31, 2019
Revenue	1,621	780.14	56.22	28.5	-0.86
Revenue Growth (YoY)	2776.27%	1287.55%	97.31%	-	-
Cost of Revenue	1,652	824.33	140.71	43.14	23.24
Gross Profit	-30.45	-44.19	-84.48	-14.65	-24.1
Selling, General & Admin	34.49	33.39	35.41	8.22	2.62
Research & Development	20.89	20.84	17.08	9.74	4.26
Other Operating Expenses	128.45	129.48	1,882	46.51	5.71
Operating Expenses	183.83	183.7	1,934	64.47	12.58
Operating Income	-214.28	-227.89	-2,018.91	-79.12	-36.68
Other Expense / Income	-145.82	-153.48	-1,429.49	0.1	-3.5
Pretax Income	-68.46	-74.41	-589.43	-79.21	-33.18
Income Tax	0.58	0.44	-11.32	0.39	-0.2
Net Income	-69.04	-74.85	-578.11	-79.61	-32.98
Shares Outstanding (Basic)	13	11	11	1	-
Shares Outstanding (Diluted)	-	-	-	1	-
Shares Change	21.13%	4.03%	918.60%	-	-
EPS (Basic)	-18.61	-21.00	-203.00	-	-
EPS (Diluted)	-18.61	-21.00	-203.00	-	-
Free Cash Flow	17.41	-70.13	-148.14	-51.51	-57.68
Free Cash Flow Per Share	1.35	-6.38	-14.03	-49.68	-
Gross Margin	-1.88%	-5.66%	-150.26%	-51.40%	-
Operating Margin	-13.21%	-29.21%	-3590.84%	-277.66%	-
Profit Margin	-4.26%	-9.59%	-1028.22%	-279.36%	-
Free Cash Flow Margin	1.07%	-8.99%	-263.48%	-180.77%	-
EBITDA	-54.64	-57.42	-561.4	-69.85	-32.85
EBITDA Margin	-3.37%	-7.36%	-998.50%	-245.14%	-
Depreciation & Amortization	13.82	16.99	28.03	9.36	0.32
EBIT	-68.46	-74.41	-589.43	-79.21	-33.18
EBIT Margin	-4.22%	-9.54%	-1048.35%	-277.99%	-

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).