by: xpoolPosted on:

Bakkt Reports Strong Profits but Stock Plunges Due to GAAP Loss

Bakkt recently delivered strong financial results, reporting a 241% year-over-year increase in adjusted EBITDA to $28.7 million for Q3 2025. However, the company’s shares experienced a significant decline of 11% due to a GAAP net loss of $23.2 million. Despite this negative market reaction, Bakkt leadership insists on focusing on monetization and stabilizing its operations through various restructuring initiatives.

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