Bakkt (BKKT-WT) EBITDA Margin (2021 - 2026)
Bakkt (BKKT-WT) posted EBITDA Margin of 11.41% for Q2 2026, down 65.2% on a QoQ basis from 6.91% in Q1 2026, and down 865.0% year-over-year from 1.49% in Q2 2025.
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Bakkt (BKKT-WT) EBITDA Margin (2021 - 2026) Analysis & Trends
Bakkt has reported EBITDA Margin for 6 years, with the latest figure at 11.41% in Q2 2026.
- On a quarterly basis, EBITDA Margin fell 865.0% year-over-year to 11.41% in Q2 2026; TTM through Jun 2026 was 13.65%, a 1188.0% decrease from a year earlier, with the FY2025 full-year figure at 6.3%, down 391.0% from the prior year.
- EBITDA Margin was 11.41% for Q2 2026 at Bakkt, down from 6.91% in the prior quarter.
- The five-year high for EBITDA Margin was 0.57% in Q4 2024, with the low at 12063.88% in Q3 2022.
- Average EBITDA Margin over 5 years is 849.11%, with a median of 9.52% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: EBITDA Margin plunged 1173724 bps in 2022, then soared 1203875 bps in 2023.
- Over 5 years, EBITDA Margin stood at 2077.42% in 2022, then soared by 100 bps to 3.38% in 2023, then surged by 83 bps to 0.57% in 2024, then sank by 5216 bps to 30.39% in 2025, then surged by 62 bps to 11.41% in 2026.
- The last three EBITDA Margin figures came in at 11.41% (Q2 2026), 6.91% (Q1 2026), and 30.39% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 47.21 Bn | 38.42 Bn | 1.16 Bn | -9.30% |
| 2 | Bullish | 4.54 Bn | 4.44 Bn | 15.53 Mn | 0.22% |
| 3 | Canton Strategic Holdings | 483.83 Mn | 483.83 Mn | - | -80.37% |
| 4 | Cypherpunk Technologies | 477.41 Mn | 477.41 Mn | - | - |
| 5 | Coincheck | 271.17 Mn | 169.57 Mn | 11.20 Mn | -1.21% |
| 6 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 7 | Usbc | 194.69 Mn | 191.03 Mn | - | - |
| 8 | TON Strategy | 188.89 Mn | 188.86 Mn | - | - |
| 9 | Universal Token | 174.68 Mn | 174.68 Mn | - | - |
| 10 | Bakkt | 663,025.70 | -50.03 Mn | 2.21 Mn | -11.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -11.41% |
| Mar 31, 2026 | -6.91% |
| Dec 31, 2025 | -30.39% |
| Sep 30, 2025 | -6.23% |
| Jun 30, 2025 | -2.76% |
| Mar 31, 2025 | -1.42% |
| Dec 31, 2024 | -0.57% |
| Sep 30, 2024 | -7.62% |
| Jun 30, 2024 | -4.30% |
| Mar 31, 2024 | -3.71% |
| Dec 31, 2023 | -3.38% |
| Sep 30, 2023 | -25.13% |
| Jun 30, 2023 | -14.32% |
| Mar 31, 2023 | -336.24% |
| Dec 31, 2022 | -2,077.42% |
| Sep 30, 2022 | -12,063.88% |
| Jun 30, 2022 | -305.32% |
| Mar 31, 2022 | -382.91% |
| Sep 30, 2021 | -326.65% |
| Jun 30, 2021 | -352.64% |