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% quarter-over-quarter from $1.8 million in Q4 2025.
Bakkt (BKKT-WT) Research & Development (2021 - 2026) Analysis & Trends
Bakkt's Research & Development history runs 6 years deep, the most recent figure standing at $1.8 million for 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 for Q1 2026 stood at $1.8 million, 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.
- The 5-year median for Research & Development is $3.7 million (2024), against an average of $3.2 million.
- The sharpest annual moves came in 2023 and 2024: Research & Development sank 171.47% in 2023, then soared 168.69% in 2024.
- Bakkt's Research & Development stood at $4.4 million in 2022, then slumped by 171.47% to -$3.2 million in 2023, then soared by 168.69% to $2.2 million in 2024, then dropped by 17.24% to $1.8 million in 2025, then fell by 0.5% to $1.8 million in 2026.
- Business Quant data shows BKKT-WT's Research & Development at $1.8 million in Q1 2026, $1.8 million in Q4 2025, and $2.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 10.00 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 339.50 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 4.01 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 1.16 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 669.10 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 276.12 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 396.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 60.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 664.96 Mn |
| 10 | Bakkt | 1.35 Mn | -49.35 Mn | 2.21 Mn | 1.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.70 Mn |
| 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 |