Bakkt, Inc. (BKKT) Q2 2026 Earnings Call Transcript

SA Transcripts 161.71K Followers Follow Bakkt, Inc. ( BKKT ) Q2 2026 Earnings Call August 10, 2026 5:30 PM EDT Company Participants Cody Fletcher Akshay Naheta - CEO & Director Daniel Ishag - Chief Commercial Officer Karen Alexander - CFO & Principal Financial Officer Conference Call Participants Brian Dobson - Clear Street LLC Mark Palmer - The Benchmark Company, LLC, Research Division Presentation Operator Thank you. Hello, and welcome to Bakkt's second quarter 2026 earnings call and webcast. [Operator Instructions] I would now like to hand the conference over to Cody Fletcher. Sir, you may begin. Cody Fletcher Good afternoon, and welcome to Bakkt's second quarter 2026 earnings call. Joining me on the call are Akshay Naheta, our Chief Executive Officer; Daniel Ishag, our Chief Commercial Officer; and Karen Alexander, our Chief Financial Officer. Today's discussion contains forward-looking statements within the meaning of the federal security laws. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those reflected or implied. We refer you to the cautionary language in our earnings release, in this presentation and in our SEC filings, including the risk factors set forth in our most recent Form 10-K and our Form 10-Q for the period ended March 31, 2026. Today's discussion also includes references to non-GAAP measures, including EBITDA and adjusted EBITDA. Reconciliations to their nearest GAAP measures, along with definitions and methodology for our operational metrics, total transacting volume, monthly active users and strategic asset value are included in this presentation. With that, I will turn the call over to our CEO, Akshay Naheta. Akshay? Akshay Naheta CEO & Director Thank you, Cody, and thank you all for joining us today. The clearest way to understand Bakkt today is as one platform powered by three complementary engines: Markets, Agent and Global. Each engine addresses a significant opportunity on its own, but together, they create