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
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