Short answer
Bakkt, Inc. (BKKT) filed its Q1 2026 10-Q quarterly report on May 11, 2026 for the quarter ended Mar 31, 2026.
Q1 2026 key financials · XBRL
- Net income
- −$12M
- −251.1% YoY
- EPS (diluted)
- −$0.41
- −136.3% YoY
Source: XBRL data from the Bakkt, Inc. (BKKT) Q1 2026 10-Q on SEC EDGAR. USD.
Bakkt, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Operating cash outflow $12.1M vs $101.3M YoY
- Adjusted EBITDA loss $13.7M vs $11.7M; loss increased 17.0% YoY
- Crypto services revenue net of related fees decreased $1.8M YoY
- Financing cash inflow $66.8M, including $67.1M stock and warrant proceeds
- ATM Program capacity $300.0M; Q1 gross proceeds $21.5M
Risk Factors
- Newly added DTR integration risk triggered by the acquisition, with interoperability, controls and performance challenges potentially delaying product scaling
- Most material strategic shift toward stablecoin payments increases dependence on early-stage DTR commercialization and market adoption
- Regulatory risk from non-harmonized stablecoin rules, including potential additional licensing and reserve, custody, AML and sanctions requirements
- Operational risk from transaction-processing or settlement failures across third-party infrastructure and counterparties
- Governance risk from the CEO’s significant post-acquisition ownership and related-party transaction, potentially influencing strategy and capital allocation
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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