Bakkt reports Q3 2026 results and sets aggressive transaction‑volume targets for 2026‑27
+1 new source since this summary was written
Bakkt posted third‑quarter 2026 revenue of $149.2 million, a 62.9% decline year‑over‑year, and recorded net income of $14.3 million, or $0.31 per diluted share. The company narrowed its operating loss to $14.4 million and its adjusted EBITDA loss to $11.8 million. Management announced the completion of its transformation and reaffirmed a full‑year 2026 total‑transaction‑volume (TTV) goal of about $3 billion, while targeting roughly $6 billion for the first half of 2027. Monthly active users on Bakkt’s payment rails were 9,760 in September, with a plan to reach about 25,000 by December, and a new monthly “Bakkt engine report” will begin in December to track volume progress.
Why it matters
The company’s cash balance of $37.3 million and lack of long‑term debt give it flexibility to fund commercial expansion while it pursues the volume targets. Achieving the $6 billion first‑half‑2027 TTV would require a substantial increase in client activation and could drive higher revenue and margins, according to the CFO’s comments.
Key facts
- 1Q3 2026 revenue was $149.2 million, down 62.9% from $402.2 million a year earlier. tradingview.com
- 2Net income for the quarter was $14.3 million, equating to $0.31 per diluted share. tradingview.com
- 3Adjusted EBITDA loss narrowed to $11.8 million, improving from a $14.8 million loss in Q3 2025. tradingview.com
- 4Operating loss from continuing operations was $14.4 million, compared with $25.3 million a year earlier. tradingview.com
- 5Cash, cash equivalents and restricted cash totaled $37.3 million at quarter‑end, and the company reported no long‑term debt. tradingview.com
- 6Total transacting volume (TTV) in Q3 2026 was $147.9 million; the company reaffirmed a 2026 full‑year TTV target of approximately $3 billion and set a first‑half‑2027 target of roughly $6 billion. tradingview.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.