# Bakkt, Inc. (BKKT)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/bakkt-inc/ JSON: https://steadybase.io/company/bakkt-inc.json Checked Nov 10, 2026. Latest filing read: Oct 20, 2026.

## Company

- Legal name: Bakkt, Inc.
- Ticker: BKKT (NYSE)
- SEC CIK: 0001820302
- Industry: Finance Services (SIC 6199)
- Headquarters: Atlanta, GA
- Fiscal year ends: December 31
- SEC filer category: Accelerated filer<br>Smaller reporting company
- Website: bakkt.com
- LinkedIn: https://www.linkedin.com/company/bakkt
- Next earnings date: Nov 9, 2026

## Key facts

- Revenue: $2.3B for the fiscal year ended Dec 31, 2025 (10-K filed Mar 19, 2026). Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026019870/0001628280-26-019870-index.html
- Operating income: -$147.8M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 19, 2026). Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026019870/0001628280-26-019870-index.html
- Net income: -$107.2M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 19, 2026). Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026019870/0001628280-26-019870-index.html
- Employees: 48 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026019870/bakkt-20251231.htm
- Shares outstanding: 45,126,712 as of Oct 30, 2026 (10-Q filed Nov 9, 2026). Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026072258/0001628280-26-072258-index.html
- Auditor: Grant Thornton LLP, Atlanta, Georgia, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026019870/bakkt-20251231.htm

## Business

, a Delaware corporation and its subsidiaries, and (2) the terms Company,” “we,” “us,” and “our,” refer to the ongoing business operations of Bakkt, Inc. and its subsidiaries, whether conducted through Bakkt or a subsidiary of Bakkt.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/1820302/000162828026019870/bakkt-20251231.htm

## Annual results

| Fiscal year ended | Revenue | Operating income | Net income |
|---|---|---|---|
| Dec 31, 2025 | $2.3B | -$147.8M | -$107.2M |
| Dec 31, 2024 | $3.4B | -$82.6M | -$46.7M |
| Dec 31, 2023 | $727.0M | -$156.2M | -$74.9M |
| Dec 31, 2022 | $1.7M | -$2.0B | -$578.1M |
| Dec 31, 2020 | $28.5M | -$79.1M | -$79.6M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/bakkt-inc.json

## Officers and directors

- Akshay Naheta, CEO of Bakkt. LinkedIn: https://linkedin.com/in/akshay-naheta. Source: 8-K filed Aug 10, 2026, https://www.sec.gov/Archives/edgar/data/1820302/000162828026055276/a2026-0810xbkktxq226earn.htm
- Akshay Sudhir Naheta, Chief Executive Officer. Source: Form 4 filed May 18, 2026, https://www.sec.gov/Archives/edgar/data/1820302/000206254326000004/0002062543-26-000004-index.htm
- Matthew A. White, Chief Financial Officer. Source: Form 3 filed Aug 27, 2026, https://www.sec.gov/Archives/edgar/data/1820302/000162828026059219/0001628280-26-059219-index.htm
- Matt White, Chief Financial Officer and principal financial officer. Source: 8-K filed Aug 17, 2026, https://www.sec.gov/Archives/edgar/data/1820302/000119312526353239/d145238d8k.htm
- Karen Alexander, Chief Financial Officer. LinkedIn: https://www.linkedin.com/in/karen-alexander-63a441b8. Source: Form 4 filed Jul 17, 2026, https://www.sec.gov/Archives/edgar/data/1820302/000162828026048608/0001628280-26-048608-index.htm
- Nicholas Baes, Chief Operating Officer. LinkedIn: https://linkedin.com/in/nicholas-baes-716853. Source: Form 4 filed Sep 25, 2026, https://www.sec.gov/Archives/edgar/data/1820302/000162828026063634/0001628280-26-063634-index.htm
- Joseph Sean-Walsh Henderson, Chief Accounting Officer. Source: Form 4 filed Sep 25, 2026, https://www.sec.gov/Archives/edgar/data/1820302/000162828026063638/0001628280-26-063638-index.htm
- Marc D'Annunzio, General Counsel & Secretary. Source: Form 4 filed Sep 25, 2026, https://www.sec.gov/Archives/edgar/data/1820302/000162828026063636/0001628280-26-063636-index.htm
- Joseph Henderson, Chief Accounting Officer. LinkedIn: https://www.linkedin.com/in/joseph-henderson-77294110. Source: 10-K filed Mar 19, 2026, https://www.sec.gov/Archives/edgar/data/1820302/000162828026019870/bakkt-20251231.htm
- Colleen Brown, Director. Source: 10-K filed Mar 19, 2026, https://www.sec.gov/Archives/edgar/data/1820302/000162828026019870/bakkt-20251231.htm
- Lyn Alden, Director. Source: 10-K filed Mar 19, 2026, https://www.sec.gov/Archives/edgar/data/1820302/000162828026019870/bakkt-20251231.htm
- Mike Alfred, Director. Source: 10-K filed Mar 19, 2026, https://www.sec.gov/Archives/edgar/data/1820302/000162828026019870/bakkt-20251231.htm
- Richard Galvin, Director. Source: 10-K filed Mar 19, 2026, https://www.sec.gov/Archives/edgar/data/1820302/000162828026019870/bakkt-20251231.htm
- Sean Collins, Director. Source: 10-K filed Mar 19, 2026, https://www.sec.gov/Archives/edgar/data/1820302/000162828026019870/bakkt-20251231.htm
- Colleen B. Brown, Board member (per proxy). Source: DEF 14A filed Apr 30, 2026, https://www.sec.gov/Archives/edgar/data/1820302/000162828026029018/bakkt-20260430.htm
- Madelyn Alden Schwartzer, Board member (per proxy). Source: DEF 14A filed Apr 30, 2026, https://www.sec.gov/Archives/edgar/data/1820302/000162828026029018/bakkt-20260430.htm
- Michael Alfred, Board member (per proxy). Source: DEF 14A filed Apr 30, 2026, https://www.sec.gov/Archives/edgar/data/1820302/000162828026029018/bakkt-20260430.htm
- Phillip Lord, President, Bakkt International. Source: DEF 14A filed Sep 9, 2025, https://www.sec.gov/Archives/edgar/data/1820302/000119312525199210/d62235ddef14a.htm

## Recent 8-K events

- Aug 17, 2026: Item 5.02, Departure or appointment of directors or officers; compensation; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1820302/000119312526353239/d145238d8k.htm
- Aug 10, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026055276/bakkt-20260810.htm
- Jun 26, 2026: Item 5.07, Submission of matters to a vote of security holders. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026045627/bakkt-20260625.htm
- Jun 4, 2026: Item 8.01, Other events. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026040634/bakkt-20260603.htm
- May 11, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026033588/bakkt-20260511.htm
- Apr 30, 2026: Item 2.01, Completion of acquisition or disposition of assets; Item 3.02, Unregistered sales of equity securities; Item 5.01, Changes in control of registrant; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1820302/000119312526197835/d233784d8k.htm
- Apr 20, 2026: Item 5.07, Submission of matters to a vote of security holders. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026025920/bakkt-20260417.htm
- Mar 24, 2026: Item 8.01, Other events. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026020821/bakkt-20260324.htm
- Mar 17, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026018400/bakkt-20260316.htm
- Mar 2, 2026: Item 1.01, Entry into a material definitive agreement; Item 7.01, Regulation FD disclosure; Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1820302/000119312526085441/d42586d8k.htm

## Insider trades (Form 4)

- Sep 23, 2026: Joseph Sean-Walsh Henderson (Chief Accounting Officer) sold 282 shares, about $2,428. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026063638/0001628280-26-063638-index.htm
- Sep 23, 2026: Marc D'Annunzio (General Counsel & Secretary) sold 1,272 shares, about $10,952. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026063636/0001628280-26-063636-index.htm
- Sep 23, 2026: Nicholas Baes (Chief Operating Officer) sold 1,272 shares, about $10,952. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026063634/0001628280-26-063634-index.htm
- Aug 18, 2026: Michael Alfred (Director) bought 296,567 shares, about $2.1M. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026057900/0001628280-26-057900-index.htm
- Jul 15, 2026: Marc D'Annunzio (General Counsel & Secretary) sold 539 shares, about $4,549. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026048610/0001628280-26-048610-index.htm
- Jul 15, 2026: Karen Alexander (Chief Financial Officer) sold 657 shares, about $5,545. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026048608/0001628280-26-048608-index.htm
- Jul 15, 2026: Joseph Sean-Walsh Henderson (Chief Accounting Officer) sold 94 shares, about $783. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026048605/0001628280-26-048605-index.htm
- Jun 26, 2026: Marc D'Annunzio (General Counsel & Secretary) sold 2,919 shares, about $22,849. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026046107/0001628280-26-046107-index.htm
- Jun 25, 2026: Joseph Sean-Walsh Henderson (Chief Accounting Officer) sold 349 shares, about $2,768. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026046110/0001628280-26-046110-index.htm
- Jun 25, 2026: Nicholas Baes (Chief Operating Officer) sold 1,562 shares, about $12,387. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026046105/0001628280-26-046105-index.htm
- Jun 25, 2026: Karen Alexander (Chief Financial Officer) sold 1,907 shares, about $15,123. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026046103/0001628280-26-046103-index.htm
- Jun 10, 2026: Michael Alfred (Director) bought 280,000 shares, about $2.2M. Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026042553/0001628280-26-042553-index.htm
- May 18, 2026: Michael Alfred (Director) bought 585,000 shares, about $4.8M. Source: https://www.sec.gov/Archives/edgar/data/1820302/000181673926000002/0001816739-26-000002-index.htm
- Apr 28, 2026: Nicholas Baes (Chief Operating Officer) sold 2,352 shares, about $21,474. Source: https://www.sec.gov/Archives/edgar/data/1820302/000204368126000005/0002043681-26-000005-index.htm
- Apr 28, 2026: Marc D'Annunzio (General Counsel & Secretary) sold 7,780 shares, about $68,916. Source: https://www.sec.gov/Archives/edgar/data/1820302/000187155926000004/0001871559-26-000004-index.htm

## What management said

- "The foundation is built, and the commercial ramp is underway. The measure that matters from here is volume: we are reiterating our target of approximately $3 billion of Total Transacting Volume for 2026, setting a target of approximately $6 billion for the first half of 2027, and we will report what we deliver every month" Akshay Naheta, CEO of Bakkt (8-K filed Nov 9, 2026). Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026072262/q326earningsrelease991fi.htm
- "Our third-quarter results reflect a lower operating cost base year over year and a balance sheet with no long-term debt" Matt White, CFO of Bakkt (8-K filed Nov 9, 2026). Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026072262/q326earningsrelease991fi.htm
- "Bakkt is building a financial operating system for the AI and token economy through three complementary engines: Bakkt Markets, our regulated infrastructure layer; Bakkt Agent, our intelligence layer; and Bakkt Global, our opportunity layer. During the quarter, we made tangible progress across all three" Akshay Naheta, CEO of Bakkt (8-K filed Aug 10, 2026). Source: https://www.sec.gov/Archives/edgar/data/1820302/000162828026055276/a2026-0810xbkktxq226earn.htm

## Latest filings

- 8-K filed Aug 17, 2026: https://www.sec.gov/Archives/edgar/data/1820302/000119312526353239/d145238d8k.htm
- 10-K filed Mar 19, 2026: https://www.sec.gov/Archives/edgar/data/1820302/000162828026019870/bakkt-20251231.htm
- 10-Q filed Aug 10, 2026: https://www.sec.gov/Archives/edgar/data/1820302/000162828026055275/bakkt-20260630.htm
- DEF 14A filed Apr 30, 2026: https://www.sec.gov/Archives/edgar/data/1820302/000162828026029018/bakkt-20260430.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/