Bakkt Third Quarter Financial Report: Revenue Drops 62.9% to $149 Million Year-on-Year
2026-11-10 17:51:11
According to CoinMeta, based on the third-quarter financial report released on November 9th by the US-listed digital asset fintech company Bakkt (NYSE: BKKT), the company's revenue decreased by 62.9% year-over-year to $149.2 million, mainly due to a reduction in cryptocurrency trading volume. The total trading volume for the third quarter was $147.9 million, with a cumulative total of about $557.9 million for the first three quarters. Nevertheless, the company still maintains a target of approximately $3 billion in total trading volume for the entire year of 2026 and has set a target of about $6 billion for the first half of 2027, which means that about $2.442 billion in trading volume needs to be achieved in the fourth quarter. The company's net profit for the third quarter was $14.3 million, which includes approximately $26.8 million in non-cash option valuation gains; after adjustments, EBITDA reported a loss of $11.8 million.
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