Name | Value |
---|---|
Revenues | 1,797.3M |
Cost of Revenue | 1,766.7M |
Gross Profit | 30.6M |
Operating Expense | 42.3M |
Operating I/L | -11.7M |
Other Income/Expense | -28.6M |
Interest Income | 1.1M |
Pretax | -40.3M |
Income Tax Expense | 0.1M |
Net Income/Loss | -19.2M |
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.