Bakkt (BKKT-WT) Research & Development (2021 - 2026)
Bakkt (BKKT-WT) posted quarterly Research & Development of $1.8 million for Q1 2026, down 8.64% year-over-year from $2.0 million in Q1 2025, and down 0.5% on a QoQ basis from $1.8 million in Q4 2025.
Bakkt (BKKT-WT) Research & Development (2021 - 2026) Analysis & Trends
Bakkt (BKKT-WT) has reported Research & Development for 6 consecutive years, with $1.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development fell 8.64% year-over-year to $1.8 million; the TTM figure through Mar 2026 stood at $8.7 million (down 12.49% YoY), while the FY2025 annual figure was $7.3 million, down 22.89% from the prior year.
- Research & Development came in at $1.8 million for Q1 2026 at Bakkt, down from $1.8 million in the prior quarter.
- The five-year high for Research & Development was $5.9 million in Q1 2024, with the low at -$3.2 million in Q4 2023.
- Average Research & Development over 5 years is $3.2 million, with a median of $3.7 million recorded in 2024.
- Across the five-year window, Research & Development tumbled 171.47% in 2023 and jumped 168.69% in 2024, its largest moves.
- Year by year, Research & Development stood at $4.4 million in 2022, then plunged by 171.47% to -$3.2 million in 2023, then jumped by 168.69% to $2.2 million in 2024, then decreased by 17.24% to $1.8 million in 2025, then dropped by 0.5% to $1.8 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $1.8 million, $1.8 million, and $2.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 8.92 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 2.61 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 160.98 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 511.00 Mn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 356.41 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 214.00 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 150.97 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 714.99 Mn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 1.04 Bn |
| 10 | Bakkt | - | - | -208.47 Mn | 1.79 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.79 Mn |
| Dec 31, 2025 | 1.80 Mn |
| Sep 30, 2025 | 2.21 Mn |
| Jun 30, 2025 | 2.90 Mn |
| Mar 31, 2025 | 1.96 Mn |
| Dec 31, 2024 | 2.17 Mn |
| Sep 30, 2024 | 2.16 Mn |
| Jun 30, 2024 | 3.65 Mn |
| Mar 31, 2024 | 5.92 Mn |
| Dec 31, 2023 | -3.16 Mn |
| Sep 30, 2023 | 5.54 Mn |
| Jun 30, 2023 | 4.39 Mn |
| Mar 31, 2023 | 5.72 Mn |
| Dec 31, 2022 | 4.42 Mn |
| Sep 30, 2022 | 4.14 Mn |
| Jun 30, 2022 | 4.16 Mn |
| Mar 31, 2022 | 4.36 Mn |
| Sep 30, 2021 | 3.15 Mn |
| Jun 30, 2021 | 3.92 Mn |
| Mar 31, 2021 | 2.79 Mn |