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  "authorName": "Bakkt",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-05-01 00:00:00",
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      "text": "Net revenues of $13.0mm increased 4% YoY, driven by increase in transaction revenues\nOperating expenses of $58.4mm decreased $2.6mm, or 4% YoY, primarily due to a reduction in total SG&A expenses\nIncludes a $4.3mm restructuring charge\nTotal shares outstanding of 265.9mm¹\nClass A 82.6mm shares\nClass V 183.3mm shares\n22.7mm Class V shares exchanged as of March 31, 2023",
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      "text": "Note: All financial data on this slide is unaudited.\n1 As of March 31, 2023. Intercontinental Exchange, Inc. (\"ICE\") owns an aggregate of 66% of shares, consisting of both Class A and Class V.",
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      "text": "1Q23 4Q22 1Q22\nNet revenues $13.0 $15.6 $12.5\nGoodwill and intangible assets impairments - 274.4 -\nOperating expenses, excluding goodwill and intangible assets impairments 58.4 73.2 61.0\nOperating loss $(45.4) $(332.0) $(48.5)\nInterest income, net 1.6 1.0 0.1\n(Loss) gain from change in FV of warrant liability (1.0) 3.5 2.4\nOther expense, net (0.0) (1.5) (0.5)\nLoss before income taxes $(44.8) $(328.9) $(46.5)\nIncome tax (expense) benefit (0.0) 2.5 3.1\nNet loss $(44.9) $(326.4) $(43.3)\nLess: Net loss for noncontrolling interest (30.9) (229.2) (36.2)\nNet loss attributable to Bakkt Holdings, Inc. $(14.0) $(97.2) $(7.1)\nWeighted average basic shares (mm) 81.9 79.4 57.2\nWeighted average diluted shares (mm) 81.9 261.5 258.6\nNet loss per basic share $(0.17) $(1.23) $(0.12)\nNet loss per diluted share $(0.17) $(1.25) $(0.14)",
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      "text": "Summary of 1Q23 condensed results",
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