Bakkt, Inc. (BKKT-WT) Operating Expenses (2020 - 2026)

Bakkt's Operating Expenses history runs 7 years deep, the most recent figure standing at $260.5 million for Q1 2026.

• On a quarterly basis, Operating Expenses fell 75.9% year-over-year to $260.5 million in Q1 2026; TTM through Mar 2026 was $1.7 billion, a 55.35% decrease from a year earlier, with the FY2025 full-year figure at $2.5 billion, down 29.53% from the prior year.
• Operating Expenses declined to $260.5 million in Q1 2026 per BKKT-WT's latest filing, from $390.2 million in the prior quarter.
• Across five years, Operating Expenses topped out at $1.8 billion in Q4 2024 and bottomed at $57.6 million in Q2 2022.
• The 5-year median for Operating Expenses is $390.2 million (2025), against an average of $545.3 million.
• Across the five-year window, Operating Expenses soared 4022.95% in 2022 and plunged 83.98% in 2023, its largest moves.
• Year by year, Operating Expenses stood at $347.9 million in 2022, then sank by 51.65% to $168.2 million in 2023, then jumped by 967.83% to $1.8 billion in 2024, then tumbled by 78.28% to $390.2 million in 2025, then sank by 33.23% to $260.5 million in 2026.
• Per Business Quant, the three latest BKKT-WT Operating Expenses figures stand at $260.5 million (Q1 2026), $390.2 million (Q4 2025), and $427.5 million (Q3 2025).