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

Bakkt has reported Gross Margin for 6 years, with the latest figure at 1.3% in Q2 2026.

• On a quarterly basis, Gross Margin fell 161.0% year-over-year to 1.3% in Q2 2026; TTM through Jun 2026 was 1.3%, a 39.0% increase from a year earlier, with the FY2025 full-year figure at 1.15%, up 5.0% from the prior year.
• Gross Margin was 1.3% for Q2 2026 at Bakkt, down from 1.49% in the prior quarter.
• The five-year high for Gross Margin was 96.51% in Q2 2022, with the low at 22.03% in Q4 2023.
• Average Gross Margin over 5 years is 27.11%, with a median of 3.24% recorded in 2024.
• The sharpest annual moves came in 2023 and 2024: Gross Margin tumbled 11802 bps in 2023, then soared 2097 bps in 2024.
• Over 5 years, Gross Margin stood at 96.0% in 2022, then slumped by 123 bps to 22.03% in 2023, then soared by 95 bps to 1.06% in 2024, then jumped by 204 bps to 1.11% in 2025, then advanced by 18 bps to 1.3% in 2026.
• The last three Gross Margin figures came in at 1.3% (Q2 2026), 1.49% (Q1 2026), and 1.11% (Q4 2025), per Business Quant data.