NASDAQ$BKKT
Bakkt Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Bakkt's Q1 2022 results were released, showing revenue growth and increased customer activity.
Bakkt reported a 54% year-over-year increase in net revenue, reaching $12.5 million, driven by strong transaction revenue growth from loyalty redemption. Digital asset conversion volume increased by 91% year-over-year. The company is focused on expanding its platform partnerships and launching scalable products.
- Net revenue increased by 54% year-over-year to $12.5 million.
- Digital asset conversion volume increased 91% year-over-year, driven by loyalty redemption growth.
- Operating expenses increased by 67% year-over-year to $61.0 million, primarily due to increased noncash compensation expense.
- The company enrolled four banks on its platform.
Headline financials
Revenue & EPS history
Bakkt · Revenue · Quarterly
$12.5M
Revenue by segment
Bakkt · $335M total across 1 segment · Q2 2023
- Crypto Services$335M—100.0%
Forward guidance
Bakkt is focused on expanding its platform partnerships, launching scalable products, and making continued platform enhancements.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2022
+4.3%
Avg return
Earnings day
+14.5%
Avg return
5 days after
+21.3%
Avg return
30 days after
47%
9 / 19 earnings
Positive
+62.5%
Q3 2023
Best reaction
-33.7%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +0.6% | -16.0% | -14.8% | |
| Q3 2025 | -13.0% | -23.3% | -45.7% | |
| Q1 2025 | +48.0% | +27.8% | +29.8% | |
| Q4 2024 | +13.0% | +30.4% | -8.6% | |
| Q3 2024 | -1.8% | +155.9% | +150.0% | |
| Q2 2024 | -10.8% | -9.8% | -27.1% | |
| Q1 2024 | -5.9% | +49.3% | +67.4% | |
| Q4 2023 | -16.3% | -14.5% | -33.1% | |
| Q3 2023 | +62.5% | +76.4% | +143.1% | |
| Q2 2023 | +0.7% | -4.3% | -9.2% | |
| Q1 2023 | -12.4% | -5.8% | +1.5% | |
| Q4 2022 | -13.5% | -3.2% | +25.4% | |
| Q3 2022 | +20.8% | +24.9% | -2.9% | |
| Q2 2022 | +11.1% | +2.2% | -6.3% | |
| Q1 2022 | +37.2% | +28.8% | +13.5% | |
| Q4 2021 | -33.7% | -31.8% | -25.3% | |
| Q3 2021 | -4.1% | -11.2% | +146.1% | |
| Q2 2021 | -0.4% | -0.7% | +3.3% | |
| Q1 2021 | +0.1% | +0.1% | -1.6% |
Discussion
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