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Bakkt Holdings, Inc. Class A (BKKT)
NYSE:BKKT
RESEARCH TOOLSreports
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-7.25Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 19, 2025
|% Change Since: 28.14%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights Bakkt's strategic transformation into a crypto-focused company with significant growth in trading volumes and revenue, alongside cost reductions and an improved net loss. However, the non-renewal of a major contract with Webull and a decline in loyalty revenue present notable challenges.Company Guidance
During Bakkt's fourth quarter 2024 earnings call, management provided guidance for the first quarter of 2025, anticipating total revenues between $1.03 billion and $1.28 billion, with gross crypto revenues ranging from $1.02 billion to $1.27 billion and net loyalty revenues between $8.5 million and $9.9 million. They expect crypto costs, execution, clearing, and brokerage fees to align with gross crypto revenue estimates. Bakkt projects an available cash and cash equivalents balance of $22 million to $26 million by the end of the quarter, factoring in a potential first-time draw of up to $5 million from the ICE line of credit to support working capital requirements. This guidance does not include any revenues or expenses from their new commercial partnership with Distributed Technologies Research (DTR).Strategic Transformation to Crypto Focus
Bakkt is transforming into a pure play crypto infrastructure company, with a new co-CEO from DTR, aiming to enter the cross-border stablecoin payments industry.
Record-Breaking Crypto Trading Volumes
Fourth quarter total trading volumes reached $1.78 billion, a 465% sequential improvement and a 778% year-over-year increase.
Significant Revenue Growth
Total revenues net of crypto costs increased 6.6% year-over-year to $17.8 million for the quarter.
Reduction in Operating Expenses
Operating expenses excluding crypto costs decreased 69% year-over-year to $29.5 million.
Improvement in Net Loss
Quarterly net loss improved 48.7% year-over-year to $40.4 million.
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BKKT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BKKT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 19, 2025 | $9.31 | $10.52 | +13.00% |
| Nov 14, 2024 | $12.11 | $11.32 | -6.52% |
| Aug 14, 2024 | $15.28 | $12.13 | -20.62% |
| May 15, 2024 | $12.18 | $10.49 | -13.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bakkt Holdings, Inc. Class A (BKKT) report earnings?
Bakkt Holdings, Inc. Class A (BKKT) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Bakkt Holdings, Inc. Class A (BKKT) earnings time?
Bakkt Holdings, Inc. Class A (BKKT) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BKKT EPS forecast?
Currently, no data Available
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