Bakkt (BKKT-WT) EBITDA Margin (2021 - 2026)
Bakkt (BKKT-WT) recorded quarterly EBITDA Margin of 53.41% in Q1 2026, down 75.78% quarter-over-quarter from 30.38% in Q4 2025, and down 5198.0% on a YoY basis from 1.05% in Q1 2025.
Bakkt (BKKT-WT) EBITDA Margin (2021 - 2026) Analysis & Trends
Bakkt's EBITDA Margin history runs 6 years deep, the most recent figure standing at 53.41% for Q1 2026.
- In Q1 2026, EBITDA Margin fell 5198.0% year-over-year to 53.41%; the TTM figure through Mar 2026 stood at 11.53% (down 1016.0% YoY), while the FY2025 annual figure was 6.3%, down 391.0% from the prior year.
- EBITDA Margin was 53.41% for Q1 2026 at Bakkt, down from 30.38% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 0.29% in Q4 2024 to a low of 12063.88% in Q3 2022.
- Historically, EBITDA Margin has averaged 901.14% across 5 years, with a median of 14.32% in 2023.
- The sharpest annual moves came in 2022 and 2023: EBITDA Margin sank 1173724 bps in 2022, then surged 1203875 bps in 2023.
- A 5-year view of EBITDA Margin shows it stood at 2077.42% in 2022, then surged by 100 bps to 3.38% in 2023, then soared by 91 bps to 0.29% in 2024, then sank by 10265 bps to 30.38% in 2025, then slumped by 76 bps to 53.41% in 2026.
- The last three EBITDA Margin figures came in at 53.41% (Q1 2026), 30.38% (Q4 2025), and 6.23% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 46.33% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 3.18% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 31.79% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 46.18% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 15.30% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 1.06% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 31.36% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 8.43% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | -9.69% |
| 10 | Bakkt | - | - | -208.47 Mn | -53.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -53.41% |
| Dec 31, 2025 | -30.38% |
| Sep 30, 2025 | -6.23% |
| Jun 30, 2025 | -3.16% |
| Mar 31, 2025 | -1.43% |
| Dec 31, 2024 | -0.29% |
| Sep 30, 2024 | -7.91% |
| 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% |
| Mar 31, 2021 | -335.30% |