Bakkt, Inc.
Balance Sheet
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $50.0M | $80.0M | $27.0M | $58.3M | $43.5M | $23.0M | $39.0M | $29.0M |
| Accounts Receivable | $11.3M | $9.5M | $12.1M | $12.6M | $23.3M | $28.7M | $7.7M | $26.8M |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $97.4M | $125.0M | $72.2M | $120.5M | $110.5M | $92.5M | $183.8M | $1.10B |
| Property, Plant & Equipment | $2.1M | $2.3M | $1.7M | $1.5M | $1.8M | $2.0M | $2.1M | $1.8M |
| Goodwill | $156.7M | $64.7M | $64.7M | $64.7M | $64.7M | $68.0M | $68.0M | $68.0M |
| Intangible Assets (Excl. Goodwill) | $22.9M | $5.6M | $5.6M | $5.6M | $2.9M | $2.9M | $2.9M | $2.9M |
| Total Assets | $403.6M | $213.4M | $162.8M | $258.3M | $190.1M | $176.3M | $269.4M | $1.18B |
| Liabilities | ||||||||
| Accounts Payable | $1.4M | $2.5M | $3.7M | $994.0K | $5.4M | $7.2M | $3.1M | $7.4M |
| Total Current Liabilities | $31.0M | $30.3M | $33.0M | $53.8M | $93.2M | $58.4M | $137.7M | $1.04B |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $49.2M | $42.5M | $50.0M | $129.7M | $132.3M | $94.8M | $206.5M | $1.08B |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-836.0M | $-916.8M | $-905.2M | $-819.9M | $-805.0M | $-790.3M | $-798.0M | $-778.8M |
| Total Stockholders' Equity | $354.4M | $170.9M | $112.8M | $114.4M | $35.3M | $44.1M | $33.9M | $50.5M |