Bakkt (BKKT-WT) Research & Development (2021 - 2026)
Bakkt (BKKT-WT) posted Research & Development of $1.7 million for Q2 2026, down 4.87% on a QoQ basis from $1.8 million in Q1 2026, and up 26.39% year-over-year from $1.3 million in Q2 2025.
Analysis
Bakkt (BKKT-WT) Research & Development (2021 - 2026) Analysis & Trends
Bakkt has reported Research & Development for 6 years, with the latest figure at $1.7 million in Q2 2026.
- On a quarterly basis, Research & Development rose 26.39% year-over-year to $1.7 million in Q2 2026; TTM through Jun 2026 was $7.5 million, a 1.78% decrease from a year earlier, with the FY2025 full-year figure at $7.3 million, down 22.89% from the prior year.
- Research & Development was $1.7 million for Q2 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 $3.0 million, with a median of $2.9 million recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Research & Development sank 171.47% in 2023, then surged 168.69% in 2024.
- Over 5 years, Research & Development stood at $4.4 million in 2022, then slumped by 171.47% to -$3.2 million in 2023, then surged by 168.69% to $2.2 million in 2024, then fell by 17.24% to $1.8 million in 2025, then decreased by 5.35% to $1.7 million in 2026.
- The last three Research & Development figures came in at $1.7 million (Q2 2026), $1.8 million (Q1 2026), and $1.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 47.42 Bn | 38.63 Bn | 1.16 Bn | 472.85 Mn |
| 2 | Bullish | 4.48 Bn | 4.38 Bn | 15.53 Mn | - |
| 3 | Cypherpunk Technologies | 515.88 Mn | 515.88 Mn | - | 197,000.00 |
| 4 | Canton Strategic Holdings | 491.20 Mn | 491.20 Mn | - | - |
| 5 | Coincheck | 271.17 Mn | 169.57 Mn | 11.20 Mn | - |
| 6 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 7 | Usbc | 198.46 Mn | 194.80 Mn | - | 276,000.00 |
| 8 | TON Strategy | 190.63 Mn | 190.61 Mn | - | - |
| 9 | Universal Token | 174.68 Mn | 174.68 Mn | - | - |
| 10 | Bakkt | 663,025.70 | -50.03 Mn | 2.21 Mn | 1.70 Mn |
Historic Data
Download Data
Historic 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 | 1.35 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 |