Bakkt (BKKT-WT) Net Margin (2021 - 2026)
Bakkt (BKKT-WT) posted Net Margin of 47.68% for Q2 2026, up 1116.21% on a QoQ basis from 4.69% in Q1 2026, and up 5290.0% year-over-year from 0.88% in Q2 2025.
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Bakkt (BKKT-WT) Net Margin (2021 - 2026) Analysis & Trends
Bakkt has reported Net Margin for 6 years, with the latest figure at 47.68% in Q2 2026.
- On a quarterly basis, Net Margin rose 5290.0% year-over-year to 47.68% in Q2 2026; TTM through Jun 2026 was 4.33%, a 271.0% decrease from a year earlier, with the FY2025 full-year figure at 5.65%, down 264.0% from the prior year.
- Net Margin was 47.68% for Q2 2026 at Bakkt, up from 4.69% in the prior quarter.
- The five-year high for Net Margin was 47.68% in Q2 2026, with the low at 12052.89% in Q3 2022.
- Average Net Margin over 5 years is 835.7%, with a median of 6.36% recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: Net Margin slumped 1173734 bps in 2022, then soared 1202762 bps in 2023.
- Over 5 years, Net Margin stood at 2051.95% in 2022, then jumped by 100 bps to 4.05% in 2023, then jumped by 43 bps to 2.31% in 2024, then sank by 1273 bps to 31.7% in 2025, then jumped by 250 bps to 47.68% in 2026.
- The last three Net Margin figures came in at 47.68% (Q2 2026), 4.69% (Q1 2026), and 31.7% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 47.21 Bn | 38.42 Bn | 1.16 Bn | -29.46% |
| 2 | Bullish | 4.54 Bn | 4.44 Bn | 15.53 Mn | -0.79% |
| 3 | Canton Strategic Holdings | 483.83 Mn | 483.83 Mn | - | -1,287.21% |
| 4 | Cypherpunk Technologies | 477.41 Mn | 477.41 Mn | - | - |
| 5 | Coincheck | 271.17 Mn | 169.57 Mn | 11.20 Mn | -1.03% |
| 6 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 7 | Usbc | 194.69 Mn | 191.03 Mn | - | - |
| 8 | TON Strategy | 188.89 Mn | 188.86 Mn | - | - |
| 9 | Universal Token | 174.68 Mn | 174.68 Mn | - | - |
| 10 | Bakkt | 663,025.70 | -50.03 Mn | 2.21 Mn | 47.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 47.68% |
| Mar 31, 2026 | -4.69% |
| Dec 31, 2025 | -31.70% |
| Sep 30, 2025 | -5.76% |
| Jun 30, 2025 | -5.22% |
| Mar 31, 2025 | 1.51% |
| Dec 31, 2024 | -2.31% |
| Sep 30, 2024 | -1.92% |
| Jun 30, 2024 | -6.96% |
| Mar 31, 2024 | -2.49% |
| Dec 31, 2023 | -4.05% |
| Sep 30, 2023 | -25.27% |
| Jun 30, 2023 | -14.53% |
| Mar 31, 2023 | -339.35% |
| Dec 31, 2022 | -2,051.95% |
| Sep 30, 2022 | -12,052.89% |
| Jun 30, 2022 | -196.94% |
| Mar 31, 2022 | -345.68% |
| Sep 30, 2021 | -315.54% |
| Jun 30, 2021 | -375.81% |