XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Total revenues $ 854,582 $ 13,219
Operating expenses:    
Crypto costs (See Note 2) 831,972 363
Execution, clearing and brokerage fees 5,630 0
Compensation and benefits 24,531 34,144
Professional services 3,635 2,378
Technology and communication 5,772 5,718
Selling, general and administrative 7,811 6,709
Acquisition-related expenses 11 776
Depreciation and amortization 57 3,063
Related party expenses 150 600
Impairment of long-lived assets 288 0
Restructuring expenses 6,140 4,251
Other operating expenses 422 665
Total operating expenses 886,419 58,667
Operating loss (31,837) (45,448)
Interest income, net 956 1,624
Gain (loss) from change in fair value of warrant liability 9,046 (1,000)
Other income (expense), net 716 (17)
Loss before income taxes (21,119) (44,841)
Income tax expense (156) (18)
Net loss (21,275) (44,859)
Less: Net loss attributable to noncontrolling interest (13,110) (30,883)
Net loss attributable to Bakkt Holdings, Inc. $ (8,165) $ (13,976)
Net loss per share attributable to Class A Common Stockholders:    
Basic (in dollars per share) $ (1.86) $ (4.27)
Diluted (in dollars per share) $ (1.86) $ (4.27)