Bakkt (BKKT-WT) FCF Margin (2021 - 2026)
Bakkt (BKKT-WT) posted quarterly FCF Margin of 38.39% for Q1 2026, down 2889.0% year-over-year from 1.38% in Q1 2025, and down 962.34% on a QoQ basis from 3.61% in Q4 2025.
Bakkt (BKKT-WT) FCF Margin (2021 - 2026) Analysis & Trends
Bakkt (BKKT-WT) has reported FCF Margin for 6 consecutive years, with 38.39% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin fell 2889.0% year-over-year to 38.39%; the TTM figure through Mar 2026 stood at 4.91% (down 183.0% YoY), while the FY2025 annual figure was 6.62%, down 591.0% from the prior year.
- FCF Margin came in at 38.39% for Q1 2026 at Bakkt, down from 3.61% in the prior quarter.
- The five-year high for FCF Margin was 12.05% in Q3 2023, with the low at 385.51% in Q1 2023.
- Average FCF Margin over 5 years is 89.52%, with a median of 9.72% recorded in 2023.
- Across the five-year window, FCF Margin tumbled 25530 bps in 2022 and jumped 38994 bps in 2024, its largest moves.
- Year by year, FCF Margin stood at 323.6% in 2022, then surged by 97 bps to 9.72% in 2023, then surged by 109 bps to 0.83% in 2024, then slumped by 535 bps to 3.61% in 2025, then slumped by 962 bps to 38.39% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 38.39%, 3.61%, and 11.6% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 19.07% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 72.18% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 54.62% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 14.80% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 30.29% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 55.21% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 14.55% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 34.10% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 15.44% |
| 10 | Bakkt | - | - | -208.47 Mn | -38.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -38.39% |
| Dec 31, 2025 | -3.61% |
| Sep 30, 2025 | -11.60% |
| Jun 30, 2025 | 0.90% |
| Mar 31, 2025 | -9.50% |
| Dec 31, 2024 | 0.83% |
| Sep 30, 2024 | -7.80% |
| Jun 30, 2024 | -12.91% |
| Mar 31, 2024 | 4.43% |
| Dec 31, 2023 | -9.72% |
| Sep 30, 2023 | 12.05% |
| Jun 30, 2023 | -8.10% |
| Mar 31, 2023 | -385.51% |
| Dec 31, 2022 | -323.60% |
| Sep 30, 2022 | -162.48% |
| Jun 30, 2022 | -277.27% |
| Mar 31, 2022 | -289.48% |
| Mar 31, 2021 | -34.18% |