Bakkt Holdings Inc Ordinary Shares - Class A

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. » More on 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. » More on de.investing.com

After divesting its loyalty business, Bakkt Holdings announced a comprehensive restructuring and emphasized expanding its digital-asset infrastructure. The company reports $82.6 million in cash, no long-term liabilities and reduced operating costs, which drove a 3.05% rise in after-hours trading. Management cites strategic partnerships (including DTR and Zoth) and product extensions as growth drivers, while noting regulatory uncertainty around stablecoins and integration costs as risks. The company provided EPS and revenue guidance for Q2 and Q3 2026 and expects increasing EPS contributions from the new initiatives. » More on de.investing.com