Operating expenses excluding crypto costs and execution, clearing and brokerage fees were $16.1 million, down 40% from the prior- year quarter, and our Adjusted EBITDA loss narrowed by $3.0 million to $11.8 million on a consistent basis.
In context
said Matt White, CFO of Bakkt. “Operating expenses excluding crypto costs and execution, clearing and brokerage fees were $16.1 million, down 40% from the prior- year quarter, and our Adjusted EBITDA loss narrowed by $3.0 million to $11.8 million on a consistent basis.
Verbatim from the company's earnings release at sec.gov, accessed 2026-11-13.
Said November 9, 2026 in the Earnings release (Form 8-K, Item 2.02, filed 2026-11-09). Bakkt, Inc.'s CFO record: Bakkt, Inc. on CFO Tribune. We publish quotes as the company released them and add no view on the company's results or shares.
Speaker: Matt White (2 quotes)
Company: Bakkt, Inc. (2 quotes)
Season: Q4 2026 releases
Mentions: Costs and headcount