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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2021
Oct. 14, 2021
Dec. 31, 2020
Revenues:      
Net revenues (includes related party net revenues of $71 and affiliate net revenues of $136 and $(2,007), respectively) (1) $ 11,481 [1] $ 27,956 $ 28,495
Operating expenses:      
Compensation and benefits 62,180 91,275 43,141
Professional services 3,034 5,175 5,751
Technology and communication 3,056 10,384 9,741
Selling, general and administrative 8,521 20,309 8,219
Acquisition-related expenses 1,603 24,793 13,372
Depreciation and amortization 5,422 9,620 8,159
Related party expenses (affiliate in Predecessor periods) [1] 617 1,484 3,082
Impairment of long-lived assets 1,196 3,598 15,292
Other operating expenses 398 1,379 857
Total operating expenses 86,027 168,017 107,614
Operating loss (74,546) (140,061) (79,119)
Interest income (expense), net 11 (247) 123
Loss from change in fair value of warrant liability (79,373) 0 0
Other income (expense), net 832 487 (218)
Loss before income taxes (153,076) (139,821) (79,214)
Income tax (expense) benefit (11,751) 602 (391)
Net loss (164,827) (139,219) (79,605)
Less: Net loss attributable to noncontrolling interest (120,832)    
Net loss attributable to Bakkt Holdings, Inc. $ (43,995) $ (139,219) $ (79,605)
Net loss per share attributable to Bakkt Holdings, Inc. Class A common stockholders per share:      
Basic (in dollars per share) [2] $ (0.81)    
Diluted (in dollars per share) [2] $ (0.81)    
[1] As a result of the Business Combination (Note 4), ICE and its affiliates are no longer our affiliates. Refer to Note 8 for our related party disclosures.
[2] Basic and diluted loss per share is not presented for the Predecessor periods due to lack of comparability with the Successor period.