Name | Value |
---|---|
Revenues | 509.9M |
Cost of Revenue | 491.7M |
Gross Profit | 18.2M |
Operating Expense | 501.9M |
Operating I/L | -22.0M |
Other Income/Expense | -13.4M |
Interest Income | 1.2M |
Pretax | -35.4M |
Income Tax Expense | 0.1M |
Net Income/Loss | -16.4M |
Bakkt Holdings, Inc. operates a digital asset platform that facilitates the buying, selling, conversion, and spending of digital assets for consumers, merchants, retailers, and financial institutions. The company has a strategic alliance with Global Payments to enable cryptocurrency redemption in customer loyalty programs and expand banking-as-a-service offerings to include consumer access to cryptocurrency. As a subsidiary of Intercontinental Exchange Holdings, Inc., Bakkt Holdings, Inc. generates revenue through transaction fees and partnerships with financial institutions and merchants for digital asset services.