$BKKT Cashflow Statement | Understand Stock

$BKKT

$4.79 -$0.27 (5.34%) Close

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 3 months to Dec 31, 2021
Cash flows from operating activities:
Net loss
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization
Change in fair value of contingent consideration liability
Non-cash lease expense
Share-based compensation expense
Unit-based compensation expense (Note 11)
Unit-based compensation expense
Forfeiture and cancellation of common units
Recognition of affiliate capital contribution
Amortization of customer consideration asset
Deferred income taxes
Impairment of long-lived assets
Loss on sale of businesses
Gain on lease terminations
Goodwill and intangible assets impairments
Loss on sale of shares of affiliate stock
Loss on disposition of assets
Loss on extinguishment of convertible debenture
Loss (gain) from change in fair value of warrant liabilities
(Gain) on extinguishment of software license liability
Modification and vesting of Class C warrant
Change in fair value of derivative assets
Loss on Equity Method Investee
TRA Equity Settlement
Other
Changes in operating assets and liabilities:
Accounts receivable
Prepaid insurance
Deposits with clearinghouse
Accounts payable and accrued liabilities
Due to related party
Deferred revenue
Operating lease liabilities
Customer funds payable
Assets and liabilities of businesses held for sale
Other assets and liabilities

Net cash used in operating activities
Cash flows from investing activities:
Capitalized internal-use software development costs and other capital expenditures
Purchase of marketable securities
Proceeds from the maturity of marketable securities
Proceeds from disposal of assets
Proceeds from Sale of Bakkt Trust
Cash acquired through business combination
Purchase of intangible assets
Purchase of equity method investment
Cash paid for Loyalty divestiture
Cash advance for Loyalty Buyer
Cash proceeds from derivative
Acquisition, net of cash acquired
Bumped
Apex (Bakkt Crypto)
Net cash provided by (used in) investing activities:

Cash flows from financing activities:
Payment of finance lease liability
Proceeds from Concurrent Offerings, net of issuance costs
Withholding tax payments on net share settlements on equity awards
Proceeds from the exercise of warrants
Non Pre-Funded Warrants
Pre-Funded Warrants
Total proceeds from the exercise of warrants
Proceeds from PIPE, net of issuance costs
Proceeds from Exercise of exercise of stock options
Proceeds from Common Stock Issuance, net of issuance cost
Payment of deferred underwriting fee
Repayment of Convertible Debenture
Proceeds from borrowings on revolving credit facility
Repayments on revolving credit facility
Cash paid for financing fees
Proceeds from issuance of convertible debentures, net of discounts
Net cash provided by (used in) financing activities:

Effect of exchange rate changes
Net increase (decrease) in cash, cash equivalents, deposits, restricted cash and customer funds
Cash, cash equivalents, deposits, restricted cash and customer funds at the beginning of the period
Cash, cash equivalents, deposits, restricted cash and customer funds at the end of the period
Supplemental disclosure of cash flow information:
Cash paid for income taxes
Supplemental disclosure of non-cash investing and financing activity:
Issuance of Class A voting units in exchange of capital contribution
Non-cash operating lease right-of-use asset acquired
Capitalized internal-use software development costs and other capital expenditures included in accounts payable and accrued liabilities
Cashless exercise of private placement warrants
Conversion of Convertible debentures

Reconciliation of cash, cash equivalents, deposits, restricted cash and customer funds to consolidated balance sheets:
Cash and cash equivalents
Restricted cash
Customer funds
Deposits (See Note 7)
Total cash, cash equivalents, deposits, restricted cash and customer funds

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