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

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

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

Bakkt's Gross Profit history runs 6 years deep, the most recent figure standing at -$208.5 million for 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 was -$208.5 million for Q1 2026 at Bakkt, up from -$2.0 billion in the prior quarter.
  • In the past five years, Gross Profit ranged from a high of $1.1 billion in Q1 2025 to a low of -$2.0 billion in Q4 2025.
  • Historically, Gross Profit has averaged $63.8 million across 5 years, with a median of $13.5 million in 2022.
  • Biggest YoY gain for Gross Profit was 4613.61% in 2025; the steepest drop was 35683.37% in 2025.
  • A 5-year view of Gross Profit shows it stood at $15.3 million in 2022, then surged by 4369.9% to $682.6 million in 2023, then slumped by 99.17% to $5.6 million in 2024, then slumped by 35683.37% to -$2.0 billion in 2025, then surged by 89.62% to -$208.5 million in 2026.
  • The last three Gross Profit figures came in at -$208.5 million (Q1 2026), -$2.0 billion (Q4 2025), and $5.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Microsoft 2,998.30 Bn 2,920.03 Bn 56.06 Bn
2 Alarum Technologies 1,040.72 Bn 1,026.57 Bn 7.23 Mn
3 Oracle 590.32 Bn 551.74 Bn 15.14 Bn
4 Palantir Technologies 316.31 Bn 308.39 Bn 1.42 Bn
5 Palo Alto Networks 181.17 Bn 176.63 Bn 1.91 Bn
6 CrowdStrike Holdings 161.69 Bn 158.63 Bn 993.68 Mn
7 Fortinet 102.35 Bn 99.06 Bn 1.49 Bn
8 Synopsys 88.25 Bn 88.13 Bn 1.77 Bn
9 Cloudflare 83.26 Bn 82.32 Bn 455.60 Mn
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