Bakkt reported third-quarter revenue of $149.2 million, down 62.9% from a year earlier, while net income turned positive at $14.3 million, including a $26.8 million noncash valuation gain. The New York Stock Exchange-listed payments infrastructure company recorded third-quarter total transaction volume (TTV), the nominal value of transactions processed through its platform, of $147.9 million. It maintained its full-year 2026 TTV target at about $3 billion and set a $6 billion target for the first half of 2027, equivalent to twice its full-year target. Bakkt plans to expand stablecoin payments and international remittances and begin publishing TTV monthly from December. As of the end of September, it had recorded a $10.4 million investment in Tokyo Stock Exchange-listed Bitcoin Japan. Its risk disclosure states that stablecoin value is not guaranteed.