Bakkt (BKKT-WT) Net Margin (2021 - 2025)

Bakkt's Net Margin history runs 5 years deep, the most recent figure standing at 8.88% for Q4 2025.

• In Q4 2025, Net Margin fell 801.0% year-over-year to 8.88%; the TTM figure through Mar 2026 stood at 4.45% (down 311.0% YoY), while the FY2025 annual figure was 1.48%, down 38.0% from the prior year.
• Net Margin was 8.88% for Q4 2025 at Bakkt, down from 0.4% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 0.3% in Q1 2025 to a low of 12052.89% in Q3 2022.
• Historically, Net Margin has averaged 847.46% across 5 years, with a median of 14.53% in 2023.
• The sharpest annual moves came in 2022 and 2023: Net Margin tumbled 1173734 bps in 2022, then surged 1202762 bps in 2023.
• A 5-year view of Net Margin shows it stood at 315.54% in 2021, then plunged by 550 bps to 2051.95% in 2022, then soared by 100 bps to 4.05% in 2023, then jumped by 79 bps to 0.87% in 2024, then plunged by 923 bps to 8.88% in 2025.
• The last three Net Margin figures came in at 8.88% (Q4 2025), 0.4% (Q3 2025), and 5.22% (Q2 2025), per Business Quant data.