Bakkt (BKKT-WT) EBITDA Margin (2021 - 2026)
Bakkt (BKKT-WT) posted quarterly EBITDA Margin of 53.41% for Q1 2026, down 5198.0% year-over-year from 1.05% in Q1 2025, and down 75.78% on a QoQ basis from 30.38% in Q4 2025.
Bakkt (BKKT-WT) EBITDA Margin (2021 - 2026) Analysis & Trends
Bakkt (BKKT-WT) has reported EBITDA Margin for 6 consecutive years, with 53.41% the latest figure, recorded in 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 came in at 53.41% for Q1 2026 at Bakkt, down from 30.38% in the prior quarter.
- The five-year high for EBITDA Margin was 0.29% in Q4 2024, with the low at 12063.88% in Q3 2022.
- Average EBITDA Margin over 5 years is 901.14%, with a median of 14.32% recorded in 2023.
- Across the five-year window, EBITDA Margin slumped 1173724 bps in 2022 and surged 1203875 bps in 2023, its largest moves.
- Year by year, EBITDA Margin 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 slumped by 10265 bps to 30.38% in 2025, then tumbled by 76 bps to 53.41% in 2026.
- According to Business Quant data, EBITDA Margin over the past three periods registered 53.41%, 30.38%, and 6.23% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 46.33% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 31.97% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 46.18% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 15.30% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 1.06% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 31.36% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | -9.69% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 8.43% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | -2.84% |
| 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% |