TechFlame News, citing Cointelegraph, reported that Bakkt has released its financial results for the first quarter of 2026. The company posted a net loss attributable to shareholders of $11.7 million, or $0.41 per share, compared to a net profit of $7.7 million in the same period last year. Amid a decline in crypto trading volume, Bakkt’s crypto services revenue dropped 77% year-over-year to $243.6 million from $1.07 billion, though much of this was offset by crypto-related costs and brokerage fees. As of the end of the first quarter, the company held $82.6 million in cash and had no long-term debt. Bakkt said it is shifting its focus from crypto trading infrastructure to stablecoin payments and AI-powered financial infrastructure. On April 30, the company completed its acquisition of Distributed Technologies Research, gaining an AI-native payment engine and a stablecoin compliance technology stack.