Bakkt (BKKT-WT) EBIT Margin (2021 - 2026)
Bakkt (BKKT-WT) posted EBIT Margin of 11.53% for Q2 2026, down 65.91% on a QoQ basis from 6.95% in Q1 2026, and down 874.0% year-over-year from 1.49% in Q2 2025.
Analysis
Bakkt (BKKT-WT) EBIT Margin (2021 - 2026) Analysis & Trends
Bakkt has reported EBIT Margin for 6 years, with the latest figure at 11.53% in Q2 2026.
- On a quarterly basis, EBIT Margin fell 874.0% year-over-year to 11.53% in Q2 2026; TTM through Jun 2026 was 13.7%, a 1192.0% decrease from a year earlier, with the FY2025 full-year figure at 6.33%, down 393.0% from the prior year.
- EBIT Margin was 11.53% for Q2 2026 at Bakkt, down from 6.95% in the prior quarter.
- The five-year high for EBIT Margin was 0.57% in Q4 2024, with the low at 12070.7% in Q3 2022.
- Average EBIT Margin over 5 years is 851.05%, with a median of 9.59% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: EBIT Margin plunged 1174405 bps in 2022, then soared 1204488 bps in 2023.
- Over 5 years, EBIT Margin stood at 2086.85% in 2022, then jumped by 100 bps to 4.24% in 2023, then soared by 87 bps to 0.57% in 2024, then plunged by 5222 bps to 30.42% in 2025, then soared by 62 bps to 11.53% in 2026.
- The last three EBIT Margin figures came in at 11.53% (Q2 2026), 6.95% (Q1 2026), and 30.42% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 47.21 Bn | 38.42 Bn | 1.16 Bn | -9.30% |
| 2 | Bullish | 4.54 Bn | 4.44 Bn | 15.53 Mn | 0.22% |
| 3 | Canton Strategic Holdings | 483.83 Mn | 483.83 Mn | - | -80.37% |
| 4 | Cypherpunk Technologies | 477.41 Mn | 477.41 Mn | - | - |
| 5 | Coincheck | 271.17 Mn | 169.57 Mn | 11.20 Mn | -1.21% |
| 6 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 7 | Usbc | 194.69 Mn | 191.03 Mn | - | - |
| 8 | TON Strategy | 188.89 Mn | 188.86 Mn | - | - |
| 9 | Universal Token | 174.68 Mn | 174.68 Mn | - | - |
| 10 | Bakkt | 663,025.70 | -50.03 Mn | 2.21 Mn | -11.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -11.53% |
| Mar 31, 2026 | -6.95% |
| Dec 31, 2025 | -30.42% |
| Sep 30, 2025 | -6.28% |
| Jun 30, 2025 | -2.79% |
| Mar 31, 2025 | -1.44% |
| Dec 31, 2024 | -0.57% |
| Sep 30, 2024 | -7.65% |
| Jun 30, 2024 | -4.32% |
| Mar 31, 2024 | -3.73% |
| Dec 31, 2023 | -4.24% |
| Sep 30, 2023 | -25.81% |
| Jun 30, 2023 | -14.70% |
| Mar 31, 2023 | -343.81% |
| Dec 31, 2022 | -2,086.85% |
| Sep 30, 2022 | -12,070.70% |
| Jun 30, 2022 | -310.30% |
| Mar 31, 2022 | -386.90% |
| Sep 30, 2021 | -326.65% |
| Jun 30, 2021 | -369.14% |