BKKT Q1 2024 Earnings — Bakkt Holdings, Inc. Revenue & Financial Results | Market Cap Arena

BKKTBakkt Holdings, Inc.

$153M

Q1 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$855M+6364.8% YoY

Gross Profit

$23M2.6% margin

Operating Income

-$32M-3.7% margin

Net Income

-$8M-1.0% margin

EPS (Diluted)

$-1.86

QoQ Revenue Growth

+298.4%

Cash Flow

Operating Cash Flow

$38M

Free Cash Flow

$37M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$1.4B

Stockholders' Equity

$57M

Cash & Equivalents

$101M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$855M	$13M	+6364.8%
Gross Profit	$23M	$13M	+75.9%
Operating Income	-$32M	-$45M	+29.9%
Net Income	-$8M	-$14M	+41.6%

Revenue Segments

Transaction Revenue, Net

$848M99%

Subscription And Service Revenue

$7M1%