BRIEF-Bakkt Holdings Q2 Revenue USD 577.9 Million

Reuters

Aug 12

Bakkt <a href="https://laohu8.com/S/QTWO">Q2</a> revenue up 13.3%

Overview

Bakkt Q2 2025 total revenue rises 13.3% yr/yr driven by crypto market activity
Net loss improves 15.1% yr/yr, adjusted EBITDA loss improves 29.9% yr/yr
Co raises $75 mln for Bitcoin Treasury Strategy, acquires stake in MarushoHotta Co.

Outlook

Bakkt to enhance brokerage technology in 2H 2025
Company plans stablecoin payments solution launch
Bakkt expands Bitcoin treasury strategy in Japan
Company to review cost structure for profitability

Result Drivers

CRYPTO MARKET ACTIVITY - 13.3% yr/yr increase in total revenues driven by higher crypto services revenues from increased market activity and prices compared to Q2 2024
OPERATING EXPENSES - 12.1% yr/yr increase in total operating expenses due to higher crypto costs and execution, clearing, and brokerage fees from increased trading volume
RESTRUCTURING ACTIONS - Reduction in SG&A and compensation expenses from 2024 restructuring contributed to a 16% yr/yr improvement in operating loss

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Revenue		$577.90 mln
Q2 Net Income		-$30.20 mln
Q2 Adjusted EBITDA		-$12.60 mln
Q2 Operating Expenses		$596.40 mln
Q2 Operating Income		-$18.50 mln

Press Release: ID:nBwfTPwza

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-Bakkt Holdings Q2 Revenue USD 577.9 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BKKT","symbol_name":"Bakkt Holdings, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250811:nPLX81CF67:1","article_id":"2558413698","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2558413698","pubTimestamp":1754944246,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Bakkt Q2 revenue up 13.3%OverviewBakkt Q2 2025 total revenue rises 13.3% yr/yr driven by crypto market activityNet loss improves 15.1% yr/yr, adjusted EBITDA loss improves 29.9% yr/yrCo raises $75 mln","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BKKT":"Bakkt Holdings, Inc."},"translate_title":"简介-Bakkt Holdings第二季度收入5.779亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BKKT":0.9},"content_text":"Bakkt Q2 revenue up 13.3%OverviewBakkt Q2 2025 total revenue rises 13.3% yr/yr driven by crypto market activityNet loss improves 15.1% yr/yr, adjusted EBITDA loss improves 29.9% yr/yrCo raises $75 mln for Bitcoin Treasury Strategy, acquires stake in MarushoHotta Co.OutlookBakkt to enhance brokerage technology in 2H 2025Company plans stablecoin payments solution launchBakkt expands Bitcoin treasury strategy in JapanCompany to review cost structure for profitabilityResult DriversCRYPTO MARKET ACTIVITY - 13.3% yr/yr increase in total revenues driven by higher crypto services revenues from increased market activity and prices compared to Q2 2024OPERATING EXPENSES - 12.1% yr/yr increase in total operating expenses due to higher crypto costs and execution, clearing, and brokerage fees from increased trading volumeRESTRUCTURING ACTIONS - Reduction in SG&A and compensation expenses from 2024 restructuring contributed to a 16% yr/yr improvement in operating lossKey DetailsMetricBeat/MissActualConsensus EstimateQ2 Revenue$577.90 mlnQ2 Net Income-$30.20 mlnQ2 Adjusted EBITDA-$12.60 mlnQ2 Operating Expenses$596.40 mlnQ2 Operating Income-$18.50 mlnPress Release: ID:nBwfTPwza(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport,express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}