Net Loss per share (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Basic and Diluted Per Share Computations For Net Loss

The following is a reconciliation of the denominators of the basic and diluted per share computations for net loss (in thousands, except share and per share data):


	Three Months Ended September 30, 2023		Three Months Ended September 30, 2022		Nine Months Ended September 30, 2023		Nine Months Ended September 30, 2022
Net Loss per share:
Numerator – basic and diluted:
Net loss	$	(51,749)	$	(1,592,548)	$	(147,119)	$	(1,663,509)
Less: Net loss attributable to noncontrolling interest	(34,418)		(1,124,416)		(98,964)		(1,184,352)
Net loss attributable to Bakkt Holdings, Inc. – basic	(17,331)		(468,132)		(48,155)		(479,157)
Net loss and tax effect attributable to noncontrolling interests	—		—		—		—
Net loss attributable to Bakkt Holdings, Inc. – diluted	$	(17,331)	$	(468,132)	$	(48,155)	$	(479,157)

Denominator – basic and diluted:
Weighted average shares outstanding – basic	91,357,858		76,591,676		87,726,210		68,408,530
Weighted average shares outstanding – diluted	91,357,858		76,591,676		87,726,210		68,408,530

Net loss per share – basic	$	(0.19)	$	(6.11)	$	(0.55)	$	(7.00)
Net loss per share – diluted	$	(0.19)	$	(6.11)	$	(0.55)	$	(7.00)

Schedule of Weighted-Average Potential Common Shares Excluded From Diluted Loss Per Common Share

The following table summarizes the total potential common shares excluded from diluted loss per common share as their effect would be anti-dilutive (in thousands):


			As of September 30, 2023
RSUs and PSUs			13,026
Public warrants			7,141
Participation units			189
Opco warrants			793
Opco unvested incentive units			2,125
Opco common units			181,125
Total			204,398