Net Loss per Share (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31, 2024		Three Months Ended March 31, 2023
Net Loss per share:
Numerator – basic and diluted:
Net loss	$	(21,275)	$	(44,859)
Less: Net loss attributable to noncontrolling interest	(13,110)		(30,883)
Net loss attributable to Bakkt Holdings, Inc. – basic	(8,165)		(13,976)
Net loss and tax effect attributable to noncontrolling interests	—		—
Net loss attributable to Bakkt Holdings, Inc. – diluted	$	(8,165)	$	(13,976)

Denominator – basic and diluted:
Weighted average shares outstanding – basic	4,396,495		3,275,172
Weighted average shares outstanding – diluted	4,396,495		3,275,172

Net loss per share – basic	$	(1.86)	$	(4.27)
Net loss per share – diluted	$	(1.86)	$	(4.27)

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 March 31, 2024
RSUs and PSUs			679
Public warrants			286
Opco warrants			32
Class 1 and Class 2 warrants			1,956
Opco common units			7,195
Total			10,148