Bakkt BKKT-WT
NYSE BKKT-WT
$0.01 -0.01 (-50.00%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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