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

Bakkt (BKKT-WT) recorded quarterly Operating Income of -$16.9 million in Q1 2026, up 81.41% quarter-over-quarter from -$91.0 million in Q4 2025, and down 9.63% on a YoY basis from -$18.7 million in Q1 2025.

Bakkt (BKKT-WT) Operating Income (2020 - 2026) Analysis & Trends

Bakkt's Operating Income history runs 7 years deep, the most recent figure standing at -$16.9 million for 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 was -$16.9 million for Q1 2026 at Bakkt, up from -$91.0 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of -$6.8 million in Q4 2023 to a low of -$1.6 billion in Q3 2022.
  • Historically, Operating Income has averaged -$143.0 million across 5 years, with a median of -$31.8 million in 2024.
  • The sharpest annual moves came in 2022 and 2023: Operating Income plunged 5240.9% in 2022, then soared 97.94% in 2023.
  • A 5-year view of Operating Income shows it stood at -$332.0 million in 2022, then jumped by 97.94% to -$6.8 million in 2023, then slumped by 45.93% to -$10.0 million in 2024, then sank by 810.8% to -$91.0 million in 2025, then soared by 81.41% to -$16.9 million in 2026.
  • The last three Operating Income figures came in at -$16.9 million (Q1 2026), -$91.0 million (Q4 2025), and -$25.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Microsoft 2,998.30 Bn 2,920.03 Bn 56.06 Bn 38.40 Bn
2 Alarum Technologies 1,040.72 Bn 1,026.57 Bn 7.23 Mn 809,000.00
3 Oracle 590.32 Bn 551.74 Bn 15.14 Bn 5.46 Bn
4 Palantir Technologies 316.31 Bn 308.39 Bn 1.42 Bn 754.00 Mn
5 Palo Alto Networks 181.17 Bn 176.63 Bn 1.91 Bn 397.00 Mn
6 CrowdStrike Holdings 161.69 Bn 158.63 Bn 993.68 Mn 13.79 Mn
7 Fortinet 102.35 Bn 99.06 Bn 1.49 Bn 580.00 Mn
8 Synopsys 88.25 Bn 88.13 Bn 1.77 Bn 203.05 Mn
9 Cloudflare 83.26 Bn 82.32 Bn 455.60 Mn -61.99 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