Bakkt (BKKT-WT) Gross Margin (2021 - 2026)
Bakkt (BKKT-WT) posted quarterly Gross Margin of 100.0% for Q1 2026, up 9895.0% year-over-year from 1.0% in Q1 2025, and down 87.06% quarter-over-quarter from 772.67% in Q4 2025.
Bakkt (BKKT-WT) Gross Margin (2021 - 2026) Analysis & Trends
Bakkt's Gross Margin history runs 6 years deep, the most recent figure standing at 100.0% for Q1 2026.
- In Q1 2026, Gross Margin rose 9895.0% year-over-year to 100.0%; the TTM figure through Mar 2026 stood at 229.52% (up 15870.0% YoY), while the FY2025 annual figure was 100.0%, changed 0.0% from the prior year.
- Gross Margin for Q1 2026 stood at 100.0%, down from 772.67% in the prior quarter.
- The five-year high for Gross Margin was 772.67% in Q4 2025, with the low at 466.67% in Q3 2025.
- The 5-year median for Gross Margin is 94.19% (2022), against an average of 64.23%.
- Peak annual rise in Gross Margin reached 67267 bps in 2025, while the deepest fall reached 56667 bps in 2025.
- Bakkt's Gross Margin stood at 100.31% in 2022, then sank by 122 bps to 22.03% in 2023, then jumped by 554 bps to 100.0% in 2024, then jumped by 673 bps to 772.67% in 2025, then tumbled by 87 bps to 100.0% in 2026.
- Business Quant data shows BKKT-WT's Gross Margin at 100.0% in Q1 2026, 772.67% in Q4 2025, and 466.67% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 67.20% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 84.66% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 67.55% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 80.24% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 71.76% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 73.54% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 65.86% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 47.84% |
| 10 | Bakkt | 1.35 Mn | -49.35 Mn | 2.21 Mn | 1.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.30% |
| Mar 31, 2026 | 100.00% |
| Dec 31, 2025 | 772.67% |
| Sep 30, 2025 | -466.67% |
| Jun 30, 2025 | 2.91% |
| Mar 31, 2025 | 1.04% |
| Dec 31, 2024 | 100.00% |
| Sep 30, 2024 | 100.00% |
| Jun 30, 2024 | 3.57% |
| Mar 31, 2024 | 2.65% |
| Dec 31, 2023 | -22.03% |
| Sep 30, 2023 | 7.49% |
| Jun 30, 2023 | 4.55% |
| Mar 31, 2023 | 97.25% |
| Dec 31, 2022 | 100.31% |
| Sep 30, 2022 | 97.33% |
| Jun 30, 2022 | 96.70% |
| Mar 31, 2022 | 94.19% |
| Sep 30, 2021 | 96.27% |
| Jun 30, 2021 | 96.83% |