Bakkt Holdings Inc Ordinary Shares - Class A

Bakkt increased its full-year 2026 transaction volume target from $2.5 billion to about $3 billion due to strong customer demand and an expanded sales pipeline. The company appointed three senior commercial executives: Aman Ghose as SVP Institutional Partnerships & Growth, Mark Hiriart as global head of markets, and Dean Salmon as VP of U.S. sales. Bakkt is developing product packages for commodity sectors and combining stablecoin payments, digital infrastructure, brokerage and settlement; several initiatives are expected to launch commercially soon. The revised target is based on scheduled customer integrations and shifting pipeline relationships into active volume in the second half of 2026. » Mere på de.investing.com

Bakkt reported diluted earnings per share of $1.94 in the second quarter (expectation $0.07) and net income of $80.8 million, while revenue of $170.14 million fell far short of estimates of $314.77 million. The stock fell 6.5% in after-hours trading as investors questioned the sustainability of the profit — parts of the result were supported by accounting effects such as the revaluation of Transchem. Total transaction volume was about $169 million for the quarter; management maintains its full-year target of roughly $2.5 billion TTV and aims for adjusted EBITDA breakeven in Q4 2026. » Mere på de.investing.com

Bakkt reported Q1 2026 results and, after selling its loyalty business, announced a strategic refocus on stablecoin infrastructure; net loss was $11.7m and the stock rose in after-hours trading. The business model rests on three pillars: Bakkt Markets (institutional infrastructure), Bakkt Agent (programmable finance, launch forthcoming) and Bakkt Global (international investments). The company highlights partnerships such as with Zoth and a debt-free balance sheet with $82.6m in cash, but notes execution and regulatory risks since key commercial agreements are still pending. » Mere på de.investing.com