Bakkt (BKKT-WT) Free Cash Flow (2020 - 2026)

Bakkt (BKKT-WT) posted quarterly Free Cash Flow of -$12.1 million for Q1 2026, up 88.06% year-over-year from -$6.4 million in Q1 2025, and down 11.84% on a QoQ basis from -$10.8 million in Q4 2025.

Bakkt (BKKT-WT) Free Cash Flow (2020 - 2026) Analysis & Trends

Bakkt (BKKT-WT) has reported Free Cash Flow for 7 consecutive years, with -$12.1 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Free Cash Flow rose 88.06% year-over-year to -$12.1 million; the TTM figure through Mar 2026 stood at -$64.4 million (up 60.63% YoY), while the FY2025 annual figure was -$154.6 million, down 536.34% from the prior year.
  • Free Cash Flow came in at -$12.1 million for Q1 2026 at Bakkt, down from -$10.8 million in the prior quarter.
  • The five-year high for Free Cash Flow was $37.9 million in Q1 2024, with the low at -$101.3 million in Q1 2025.
  • Average Free Cash Flow over 5 years is -$24.0 million, with a median of -$24.7 million recorded in 2024.
  • Across the five-year window, Free Cash Flow sank 1203.09% in 2022 and surged 280.45% in 2024, its largest moves.
  • Year by year, Free Cash Flow stood at -$51.5 million in 2022, then soared by 69.52% to -$15.7 million in 2023, then soared by 280.45% to $28.3 million in 2024, then plunged by 138.19% to -$10.8 million in 2025, then retreated by 11.84% to -$12.1 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered -$12.1 million, -$10.8 million, and -$46.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 15.80 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 13.85 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 891.76 Mn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 384.00 Mn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 395.40 Mn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 1.02 Bn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 93.10 Mn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 821.51 Mn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 935.02 Mn
10 Bakkt - - -208.47 Mn -12.09 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -12.09 Mn
Mar 31, 2026 -12.09 Mn
Dec 31, 2025 -10.81 Mn
Dec 31, 2025 -10.81 Mn
Sep 30, 2025 -46.66 Mn
Sep 30, 2025 -46.66 Mn
Jun 30, 2025 5.20 Mn
Jun 30, 2025 5.20 Mn
Mar 31, 2025 -101.28 Mn
Mar 31, 2025 -101.28 Mn
Dec 31, 2024 28.32 Mn
Dec 31, 2024 28.32 Mn
Sep 30, 2024 -24.69 Mn
Sep 30, 2024 -24.69 Mn
Jun 30, 2024 -65.82 Mn
Jun 30, 2024 -65.82 Mn
Mar 31, 2024 37.90 Mn
Mar 31, 2024 37.90 Mn
Dec 31, 2023 -15.69 Mn
Dec 31, 2023 -15.69 Mn