Bakkt (BKKT-WT) Cost of Revenue (2021 - 2026)
Bakkt (BKKT-WT) posted quarterly Cost of Revenue of $5000.0 for Q1 2026, down 100.0% year-over-year from $1.1 billion in Q1 2025, and up 100.0% quarter-over-quarter from -$2.0 billion in Q4 2025.
Bakkt (BKKT-WT) Cost of Revenue (2021 - 2026) Analysis & Trends
Bakkt's Cost of Revenue history runs 6 years deep, the most recent figure standing at $5000.0 for Q1 2026.
- In Q1 2026, Cost of Revenue fell 100.0% year-over-year to $5000.0; the TTM figure through Mar 2026 stood at -$1.5 billion (down 193.86% YoY), while the FY2025 annual figure was $84000.0, up 180.0% from the prior year.
- Cost of Revenue for Q1 2026 stood at $5000.0, up from -$2.0 billion in the prior quarter.
- The five-year high for Cost of Revenue was $1.1 billion in Q1 2025, with the low at -$2.0 billion in Q4 2025.
- The 5-year median for Cost of Revenue is $463000.0 (2022), against an average of $96.9 million.
- The sharpest annual moves came in 2023 and 2025: Cost of Revenue jumped 401957.14% in 2023, then sank 3003541.79% in 2025.
- Bakkt's Cost of Revenue stood at -$49000.0 in 2022, then surged by 401957.14% to $196.9 million in 2023, then tumbled by 100.03% to -$67000.0 in 2024, then tumbled by 3003541.79% to -$2.0 billion in 2025, then surged by 100.0% to $5000.0 in 2026.
- Business Quant data shows BKKT-WT's Cost of Revenue at $5000.0 in Q1 2026, -$2.0 billion in Q4 2025, and $85000.0 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 29.53 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 296.87 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 974.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 404.70 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 196.54 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 637.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 879.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 3.45 Bn |
| 10 | Bakkt | 1.35 Mn | -49.35 Mn | 2.21 Mn | 167.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 167.94 Mn |
| Jun 30, 2026 | 167.94 Mn |
| Mar 31, 2026 | 5,000.00 |
| Mar 31, 2026 | 5,000.00 |
| Dec 31, 2025 | -2.01 Bn |
| Dec 31, 2025 | -2.01 Bn |
| Sep 30, 2025 | 85,000.00 |
| Sep 30, 2025 | 85,000.00 |
| Jun 30, 2025 | 561.07 Mn |
| Jun 30, 2025 | 561.07 Mn |
| Mar 31, 2025 | 1.05 Bn |
| Mar 31, 2025 | 1.05 Bn |
| Dec 31, 2024 | -67,000.00 |
| Dec 31, 2024 | -67,000.00 |
| Sep 30, 2024 | 1,000.00 |
| Sep 30, 2024 | 1,000.00 |
| Jun 30, 2024 | 491.70 Mn |
| Jun 30, 2024 | 491.70 Mn |
| Mar 31, 2024 | 831.97 Mn |
| Mar 31, 2024 | 831.97 Mn |