Bakkt (BKKT-WT) Cost of Revenue (2021 - 2026)

Bakkt's Cost of Revenue history runs 6 years deep, the most recent figure standing at $240.0 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 2999525.0% year-over-year to $240.0 million; the TTM figure through Mar 2026 stood at $2.9 billion (down 20.75% YoY), while the FY2025 annual figure was $2.3 billion, down 32.17% from the prior year.
• Cost of Revenue was $240.0 million for Q1 2026 at Bakkt, down from $2.3 billion in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $3.4 billion in Q4 2024 to a low of -$521.2 million in Q4 2023.
• Historically, Cost of Revenue has averaged $421.5 million across 5 years, with a median of $637000.0 in 2022.
• The sharpest annual moves came in 2023 and 2026: Cost of Revenue slumped 81926.06% in 2023, then soared 2999525.0% in 2026.
• A 5-year view of Cost of Revenue shows it stood at $637000.0 in 2022, then plunged by 81926.06% to -$521.2 million in 2023, then jumped by 752.9% to $3.4 billion in 2024, then slumped by 32.17% to $2.3 billion in 2025, then plunged by 89.6% to $240.0 million in 2026.
• The last three Cost of Revenue figures came in at $240.0 million (Q1 2026), $2.3 billion (Q4 2025), and $396.8 million (Q3 2025), per Business Quant data.