Net Loss per Share (Tables)

12 Months Ended

Dec. 31, 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):


	Year Ended December 31, 2023		Year Ended December 31, 2022
Net loss per share:
Numerator – basic and diluted:
Net loss	$	(225,812)	$	(1,989,934)
Less: Net loss attributable to noncontrolling interest	(150,958)		(1,411,829)
Net loss attributable to Bakkt Holdings, Inc. – basic	$	(74,854)	$	(578,105)
Net loss and tax effect attributable to noncontrolling interests	$	—	$	—
Net loss attributable to Bakkt Holdings, Inc. – diluted	$	(74,854)	$	(578,105)

Denominator – basic and diluted:
Weighted average shares outstanding – basic	89,083,329		71,167,992
Weighted average shares outstanding – diluted	89,083,329		71,167,992

Net loss per share – basic	$	(0.84)	$	(8.12)
Net loss per share – diluted	$	(0.84)	$	(8.12)

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 December 31, 2023	As of December 31, 2022
RSUs and PSUs	12,645	13,782
Public warrants	7,141	7,141
Opco warrants	793	793
Opco unvested incentive units	—	2,242
Opco common units	180,002	181,241
Total	200,581	205,199