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Bakkt's Crypto Revenue Drops 77% in Q1 2026, Shifts Focus to Stablecoin Infrastructure

Industry Reports Project Progress Stocks

2026-05-12 11:43:53

According to Bakkt's Q1 2026 earnings report, the company's crypto services revenue fell 77% year-over-year to $243.6 million from $1.07 billion in the prior year period. The company reported a net loss of $11.7 million, or $0.41 per share. Bakkt is pivoting from crypto trading infrastructure to stablecoin payments and AI financial infrastructure. On April 30, the company completed its acquisition of Distributed Technologies Research, gaining an AI-native payment engine and stablecoin compliance technology stack.

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