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
DateValue
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