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

Bakkt (BKKT-WT) posted quarterly Gross Profit of -$208.5 million for Q1 2026, down 119.56% year-over-year from $1.1 billion in Q1 2025, and up 89.62% on a QoQ basis from -$2.0 billion in Q4 2025.

Bakkt (BKKT-WT) Gross Profit (2021 - 2026) Analysis & Trends

Bakkt (BKKT-WT) has reported Gross Profit for 6 consecutive years, with -$208.5 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Gross Profit fell 119.56% year-over-year to -$208.5 million; the TTM figure through Mar 2026 stood at -$1.6 billion (down 203.17% YoY), while the FY2025 annual figure was $26.9 million, down 29.05% from the prior year.
  • Gross Profit came in at -$208.5 million for Q1 2026 at Bakkt, up from -$2.0 billion in the prior quarter.
  • The five-year high for Gross Profit was $1.1 billion in Q1 2025, with the low at -$2.0 billion in Q4 2025.
  • Average Gross Profit over 5 years is $63.8 million, with a median of $13.5 million recorded in 2022.
  • The largest YoY upside for Gross Profit was 4613.61% in 2025 against a maximum downside of 35683.37% in 2025.
  • Year by year, Gross Profit stood at $15.3 million in 2022, then surged by 4369.9% to $682.6 million in 2023, then tumbled by 99.17% to $5.6 million in 2024, then tumbled by 35683.37% to -$2.0 billion in 2025, then surged by 89.62% to -$208.5 million in 2026.
  • According to Business Quant data, Gross Profit over the past three periods registered -$208.5 million, -$2.0 billion, and $5.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

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

Historic Data

Download Data
DateValue
Mar 31, 2026 -208.47 Mn
Mar 31, 2026 -208.47 Mn
Dec 31, 2025 -2.01 Bn
Dec 31, 2025 -2.01 Bn
Sep 30, 2025 5.38 Mn
Sep 30, 2025 5.38 Mn
Jun 30, 2025 577.56 Mn
Jun 30, 2025 577.56 Mn
Mar 31, 2025 1.07 Bn
Mar 31, 2025 1.07 Bn
Dec 31, 2024 5.65 Mn
Dec 31, 2024 5.65 Mn
Sep 30, 2024 3.49 Mn
Sep 30, 2024 3.49 Mn
Jun 30, 2024 509.46 Mn
Jun 30, 2024 509.46 Mn
Mar 31, 2024 22.61 Mn
Mar 31, 2024 22.61 Mn
Dec 31, 2023 682.60 Mn
Dec 31, 2023 682.60 Mn