Bakkt (BKKT-WT) Operating Expenses (2020 - 2026)

Bakkt (BKKT-WT) has reported Operating Expenses for 7 consecutive years, with $260.5 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Operating Expenses fell 75.9% year-over-year to $260.5 million; the TTM figure through Mar 2026 stood at $1.7 billion (down 55.35% YoY), while the FY2025 annual figure was $2.5 billion, down 29.53% from the prior year.
• Operating Expenses came in at $260.5 million for Q1 2026 at Bakkt, down from $390.2 million in the prior quarter.
• The five-year high for Operating Expenses was $1.8 billion in Q4 2024, with the low at $57.6 million in Q2 2022.
• Average Operating Expenses over 5 years is $545.3 million, with a median of $390.2 million recorded in 2025.
• Across the five-year window, Operating Expenses jumped 4022.95% in 2022 and sank 83.98% in 2023, its largest moves.
• Year by year, Operating Expenses stood at $347.9 million in 2022, then plunged by 51.65% to $168.2 million in 2023, then jumped by 967.83% to $1.8 billion in 2024, then slumped by 78.28% to $390.2 million in 2025, then plunged by 33.23% to $260.5 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $260.5 million, $390.2 million, and $427.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.