Bakkt (BKKT-WT) Operating Income (2020 - 2026)
Bakkt (BKKT-WT) posted quarterly Operating Income of -$16.9 million for Q1 2026, down 9.63% year-over-year from -$18.7 million in Q1 2025, and up 81.41% on a QoQ basis from -$91.0 million in Q4 2025.
Bakkt (BKKT-WT) Operating Income (2020 - 2026) Analysis & Trends
Bakkt (BKKT-WT) has reported Operating Income for 7 consecutive years, with -$16.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Income fell 9.63% year-over-year to -$16.9 million; the TTM figure through Mar 2026 stood at -$151.7 million (down 108.99% YoY), while the FY2025 annual figure was -$147.8 million, down 79.01% from the prior year.
- Operating Income came in at -$16.9 million for Q1 2026 at Bakkt, up from -$91.0 million in the prior quarter.
- The five-year high for Operating Income was -$6.8 million in Q4 2023, with the low at -$1.6 billion in Q3 2022.
- Average Operating Income over 5 years is -$143.0 million, with a median of -$31.8 million recorded in 2024.
- Across the five-year window, Operating Income sank 5240.9% in 2022 and soared 97.94% in 2023, its largest moves.
- Year by year, Operating Income stood at -$332.0 million in 2022, then jumped by 97.94% to -$6.8 million in 2023, then tumbled by 45.93% to -$10.0 million in 2024, then slumped by 810.8% to -$91.0 million in 2025, then soared by 81.41% to -$16.9 million in 2026.
- According to Business Quant data, Operating Income over the past three periods registered -$16.9 million, -$91.0 million, and -$25.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 38.40 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 6.13 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 754.00 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 397.00 Mn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 13.79 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 580.00 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | -61.99 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 203.05 Mn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | -171.99 Mn |
| 10 | Bakkt | - | - | -208.47 Mn | -16.92 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -16.92 Mn |
| Dec 31, 2025 | -91.02 Mn |
| Sep 30, 2025 | -25.26 Mn |
| Jun 30, 2025 | -18.49 Mn |
| Mar 31, 2025 | -15.44 Mn |
| Dec 31, 2024 | -9.99 Mn |
| Sep 30, 2024 | -25.14 Mn |
| Jun 30, 2024 | -22.02 Mn |
| Mar 31, 2024 | -31.84 Mn |
| Dec 31, 2023 | -6.85 Mn |
| Sep 30, 2023 | -52.86 Mn |
| Jun 30, 2023 | -51.09 Mn |
| Mar 31, 2023 | -45.45 Mn |
| Dec 31, 2022 | -331.98 Mn |
| Sep 30, 2022 | -1.59 Bn |
| Jun 30, 2022 | -43.55 Mn |
| Mar 31, 2022 | -48.49 Mn |
| Sep 30, 2021 | -29.86 Mn |
| Jun 30, 2021 | -31.33 Mn |
| Mar 31, 2021 | -28.41 Mn |