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| 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 |