Bakkt NYSE: BKKT reported second-quarter GAAP net income of $80.8 million, or $1.94 per diluted share, while management outlined plans to scale transaction activity across its markets, financial-agent and international strategic-investment businesses.
Bakkt, Inc. (BKKT) Q2 2026 Earnings Call Transcript
Bakkt is undergoing a strategic overhaul, focusing on three operational engines: Bakkt Markets, Bakkt Agent, and Bakkt Global. BKKT's Q1 FY26 results show $243.6M in crypto services revenue, reduced OpEx, and a strong $82.6M cash position with no long-term debt. The upcoming launch of Bakkt Agent is the key near-term catalyst, potentially boosting high-margin, SaaS-like revenue and driving BKKT toward breakeven EBITDA.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Curtis Ellergodt Rothschild Investment LLC | 34 | $250.1 | $165.58 | -$84.52 | -33.79% |
| CD Charlie Durham Sterling Capital Management LLC | 632 | $16,060.02 | $3,084.16 | -$12,975.86 | -80.8% |
Joseph Castro Nuveen LLC | 219,897 | $1.96M | $1.07M | -$888,571.63 | -45.35% |
Bobby Adusumilli SJS Investment Consulting Inc. | 119 | $980.72 | $577.15 | -$403.57 | -41.15% |
David Jarvis Corton Capital Inc. | 10,213 | $343,667.45 | $52,086.3 | -$291,581.15 | -84.84% |
| Transportation Infrastructure Industry | Industrials Sector | Akshay Naheta CEO | NYSE Exchange | 05759B305 CUSIP |
| US Country | 48 Employees | - Last Dividend | 29 Apr 2024 Last Split | - IPO Date |
Bakkt Holdings, Inc., founded in 2018 with its headquarters situated in Alpharetta, Georgia, specializes in offering a broad spectrum of software as a service and application programming interface (API) solutions primarily targeted at cryptocurrency and loyalty programs. With a focus on enhancing engagement and performance, Bakkt Holdings operates the innovative Bakkt Marketplace, alongside Bakkt Crypto and Bakkt Trust, forging a comprehensive ecosystem designed to support consumers and institutional participants in navigating the cryptocurrency landscape. The company is not just limited to crypto solutions but extends its expertise to a wide array of loyalty solutions, aiming at revolutionizing the way rewards are redeemed and loyalty is managed across various sectors.