Bakkt Holdings, Inc. (BKKT) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

first quarter 2026 earnings conference call. Currently, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1-1 on your telephone. To remove yourself from the queue, you may press star 1-1 again. I would now like to hand the call over to Cody Fletcher with Investor Relations. Please go ahead. Hello there, and welcome to VAC's first quarter 2026 earnings call. Joining me on the call today are Akshay Nehata, our Chief Executive Officer, and Karen Alexander, our Chief Financial Officer. Today's discussion contains forward-looking statements within the meaning of the Federal Security Clause. 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, 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 31st, 2026. Today's discussion also includes references to non-GAAP measures, including EBITDA and adjusted EBITDA, reconciliations and definitions for our operational metrics, total transacting volume, monthly active users, and strategic asset value are included in the appendix. And with that, I will turn the call over to our CEO, Akshay Netta. Akshay. Thank you, Cody. And hello, everyone. Thank you for joining us. Before I walk through the quarter, I wanted to frame the environment BRAC is operating in, because the most important point for investors right now is that we are in the early innings of a structural shift in the global payments architecture, and the ocean we are fishing in...