Bakkt (BKKT-WT) EBITDA (2020 - 2026)
Bakkt (BKKT-WT) recorded quarterly EBITDA of -$16.8 million in Q1 2026, up 81.5% quarter-over-quarter from -$90.9 million in Q4 2025, and down 10.42% on a YoY basis from -$18.8 million in Q1 2025.
Bakkt (BKKT-WT) EBITDA (2020 - 2026) Analysis & Trends
Bakkt's EBITDA history runs 7 years deep, the most recent figure standing at -$16.8 million for Q1 2026.
- In Q1 2026, EBITDA fell 10.42% year-over-year to -$16.8 million; the TTM figure through Mar 2026 stood at -$151.1 million (down 109.32% YoY), while the FY2025 annual figure was -$147.2 million, down 78.93% from the prior year.
- EBITDA was -$16.8 million for Q1 2026 at Bakkt, up from -$90.9 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of -$5.4 million in Q4 2023 to a low of -$1.6 billion in Q3 2022.
- Historically, EBITDA has averaged -$142.4 million across 5 years, with a median of -$31.7 million in 2024.
- The sharpest annual moves came in 2022 and 2023: EBITDA tumbled 5237.89% in 2022, then soared 98.35% in 2023.
- A 5-year view of EBITDA shows it stood at -$330.5 million in 2022, then jumped by 98.35% to -$5.4 million in 2023, then tumbled by 83.43% to -$10.0 million in 2024, then sank by 809.8% to -$90.9 million in 2025, then soared by 81.5% to -$16.8 million in 2026.
- The last three EBITDA figures came in at -$16.8 million (Q1 2026), -$90.9 million (Q4 2025), and -$25.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 38.40 Bn |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 372,000.00 |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 5.46 Bn |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 754.00 Mn |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 397.00 Mn |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 13.79 Mn |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 580.00 Mn |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 203.05 Mn |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | -61.99 Mn |
| 10 | Bakkt | - | - | -208.47 Mn | -16.82 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -16.82 Mn |
| Dec 31, 2025 | -90.92 Mn |
| Sep 30, 2025 | -25.06 Mn |
| Jun 30, 2025 | -18.29 Mn |
| Mar 31, 2025 | -15.24 Mn |
| Dec 31, 2024 | -9.99 Mn |
| Sep 30, 2024 | -25.04 Mn |
| Jun 30, 2024 | -21.92 Mn |
| Mar 31, 2024 | -31.74 Mn |
| Dec 31, 2023 | -5.45 Mn |
| Sep 30, 2023 | -51.46 Mn |
| Jun 30, 2023 | -49.79 Mn |
| Mar 31, 2023 | -44.45 Mn |
| Dec 31, 2022 | -330.48 Mn |
| Sep 30, 2022 | -1.59 Bn |
| Jun 30, 2022 | -42.85 Mn |
| Mar 31, 2022 | -47.99 Mn |
| Sep 30, 2021 | -29.86 Mn |
| Jun 30, 2021 | -29.93 Mn |
| Mar 31, 2021 | -27.31 Mn |