Bakkt (BKKT-WT) Gross Margin (2021 - 2026)

Bakkt's Gross Margin history runs 6 years deep, the most recent figure standing at 661.81% for Q1 2026.

• In Q1 2026, Gross Margin fell 76181.0% year-over-year to 661.81%; the TTM figure through Mar 2026 stood at 124.7% (down 15459.0% YoY), while the FY2025 annual figure was 1.15%, up 5.0% from the prior year.
• Gross Margin was 661.81% for Q1 2026 at Bakkt, up from 671.43% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 423.01% in Q4 2023 to a low of 671.43% in Q4 2025.
• Historically, Gross Margin has averaged 1.03% across 5 years, with a median of 96.0% in 2022.
• The sharpest annual moves came in 2023 and 2026: Gross Margin jumped 32702 bps in 2023, then sank 76181 bps in 2026.
• A 5-year view of Gross Margin shows it stood at 96.0% in 2022, then surged by 341 bps to 423.01% in 2023, then slumped by 100 bps to 0.17% in 2024, then plunged by 405473 bps to 671.43% in 2025, then advanced by 1 bps to 661.81% in 2026.
• The last three Gross Margin figures came in at 661.81% (Q1 2026), 671.43% (Q4 2025), and 1.34% (Q3 2025), per Business Quant data.