Bakkt Holdings reported second-quarter 2026 results and reiterated its full-year total transacting volume target of approximately $2.5 billion. CEO Akshay Naheta stated that the company expects to reach adjusted EBITDA break-even at some point during the fourth quarter of 2026, contingent on the timing and scale of client activations. The company posted GAAP net income of $80.8 million and diluted earnings per share of $1.94, with cash and restricted cash of $50.7 million and no long-term debt. Payments entered total transacting volume for the first time, and management highlighted plans to launch co-branded card programs and Neobank-as-a-Service in the fourth quarter, subject to approvals. Bakkt also set an initial target of approximately 25,000 monthly active users by year-end.
Bakkt, Inc.Reports GAAP net income of $80.8M and EPS of $1.94, with reiterated revenue targets and EBITDA break-even guidance.
