Bakkt (BKKT-WT) EBITDA (2020 - 2026)
Bakkt (BKKT-WT) posted EBITDA of -$19.4 million for Q2 2026, down 15.39% on a QoQ basis from -$16.8 million in Q1 2026, and down 21.93% year-over-year from -$24.9 million in Q2 2025.
Analysis
Bakkt (BKKT-WT) EBITDA (2020 - 2026) Analysis & Trends
Bakkt has reported EBITDA for 7 years, with the latest figure at -$19.4 million in Q2 2026.
- On a quarterly basis, EBITDA fell 21.93% year-over-year to -$19.4 million in Q2 2026; TTM through Jun 2026 was -$152.2 million, a 129.98% decrease from a year earlier, with the FY2025 full-year figure at -$147.2 million, down 78.93% from the prior year.
- EBITDA was -$19.4 million for Q2 2026 at Bakkt, down from -$16.8 million in the prior quarter.
- The five-year high for EBITDA was -$5.4 million in Q4 2023, with the low at -$1.6 billion in Q3 2022.
- Average EBITDA over 5 years is -$135.5 million, with a median of -$28.4 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: EBITDA slumped 5237.89% in 2022, then jumped 98.35% in 2023.
- Over 5 years, EBITDA stood at -$330.5 million in 2022, then surged by 98.35% to -$5.4 million in 2023, then slumped by 83.43% to -$10.0 million in 2024, then plunged by 809.8% to -$90.9 million in 2025, then soared by 78.65% to -$19.4 million in 2026.
- The last three EBITDA figures came in at -$19.4 million (Q2 2026), -$16.8 million (Q1 2026), and -$90.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 47.48 Bn | 38.69 Bn | 1.16 Bn | -113.49 Mn |
| 2 | Bullish | 4.46 Bn | 4.36 Bn | 15.53 Mn | 71.79 Mn |
| 3 | Canton Strategic Holdings | 497.71 Mn | 497.71 Mn | - | -1.20 Mn |
| 4 | Cypherpunk Technologies | 493.08 Mn | 493.08 Mn | - | -4.69 Mn |
| 5 | Coincheck | 271.17 Mn | 169.57 Mn | 11.20 Mn | -8.40 Mn |
| 6 | Wewards | 214.97 Mn | 214.97 Mn | - | -14,393.00 |
| 7 | Usbc | 197.72 Mn | 194.06 Mn | - | -28.10 Mn |
| 8 | TON Strategy | 189.76 Mn | 189.74 Mn | - | - |
| 9 | Universal Token | 174.68 Mn | 174.68 Mn | - | -17,725.00 |
| 10 | Bakkt | 450,598.01 | -50.25 Mn | 2.21 Mn | -19.41 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -19.41 Mn |
| Mar 31, 2026 | -16.82 Mn |
| Dec 31, 2025 | -90.92 Mn |
| Sep 30, 2025 | -25.06 Mn |
| Jun 30, 2025 | -15.92 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 |