Bakkt (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.

• 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 was $260.5 million for Q1 2026 at Bakkt, down from $390.2 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $1.8 billion in Q4 2024 to a low of $57.6 million in Q2 2022.
• Historically, Operating Expenses has averaged $545.3 million across 5 years, with a median of $390.2 million in 2025.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 4022.95% in 2022, then plunged 83.98% in 2023.
• A 5-year view of Operating Expenses shows it stood at $347.9 million in 2022, then tumbled by 51.65% to $168.2 million in 2023, then jumped by 967.83% to $1.8 billion in 2024, then sank by 78.28% to $390.2 million in 2025, then tumbled by 33.23% to $260.5 million in 2026.
• The last three Operating Expenses figures came in at $260.5 million (Q1 2026), $390.2 million (Q4 2025), and $427.5 million (Q3 2025), per Business Quant data.