Bakkt (BKKT-WT) EBITDA (2020 - 2026)

Bakkt (BKKT-WT) posted quarterly EBITDA of -$16.8 million for Q1 2026, down 10.42% year-over-year from -$18.8 million in Q1 2025, and up 81.5% on a QoQ basis from -$90.9 million in Q4 2025.

Bakkt (BKKT-WT) EBITDA (2020 - 2026) Analysis & Trends

Bakkt (BKKT-WT) has reported EBITDA for 7 consecutive years, with -$16.8 million the latest figure, recorded in 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 came in at -$16.8 million for Q1 2026 at Bakkt, up from -$90.9 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 -$142.4 million, with a median of -$31.7 million recorded in 2024.
  • Across the five-year window, EBITDA plunged 5237.89% in 2022 and soared 98.35% in 2023, its largest moves.
  • Year by year, EBITDA stood at -$330.5 million in 2022, then jumped by 98.35% to -$5.4 million in 2023, then plunged by 83.43% to -$10.0 million in 2024, then slumped by 809.8% to -$90.9 million in 2025, then soared by 81.5% to -$16.8 million in 2026.
  • According to Business Quant data, EBITDA over the past three periods registered -$16.8 million, -$90.9 million, and -$25.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 38.40 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 6.13 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 754.00 Mn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 397.00 Mn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 13.79 Mn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 580.00 Mn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn -61.99 Mn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 203.05 Mn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn -171.99 Mn
10 Bakkt - - -208.47 Mn -16.82 Mn

Historic Data

Download Data
DateValue
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