Bakkt Holdings GAAP EPS of -$1.15 misses by $0.65, revenue of $402.21M beats by $118.46M

* Bakkt Holdings press release [https://seekingalpha.com/pr/20300222-bakkt-reports-third-quarter-2025-results] (BKKT [https://seekingalpha.com/symbol/BKKT]): Q3 GAAP EPS of -$1.15 misses by $0.65.
* Revenue of $402.21M (+27.2% Y/Y) beats by $118.46M.
* Adjusted net income (loss) from continuing operations was $15.7 million2 driven by gains from new business activity.
* Adjusted EBITDA (non-GAAP) was $28.7 million, up 240.6% year-over-year primarily due to gain from operations and lower SG&A.

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* Seeking Alpha’s Quant Rating on Bakkt Holdings [https://seekingalpha.com/symbol/BKKT/ratings/quant-ratings]