Bakkt (BKKT) Cost of Revenue (2021 - 2026)
Bakkt (BKKT) posted quarterly Cost of Revenue of $5000.0 for Q1 2026, down 100.0% year-over-year from $1.1 billion in Q1 2025, and up 100.0% quarter-over-quarter from -$2.0 billion in Q4 2025.
Bakkt (BKKT) Cost of Revenue (2021 - 2026) Analysis & Trends
Bakkt's Cost of Revenue history runs 6 years deep, the most recent figure standing at $5000.0 for Q1 2026.
- In Q1 2026, Cost of Revenue fell 100.0% year-over-year to $5000.0; the TTM figure through Mar 2026 stood at -$1.5 billion (down 193.86% YoY), while the FY2025 annual figure was $84000.0, up 180.0% from the prior year.
- Cost of Revenue for Q1 2026 stood at $5000.0, up from -$2.0 billion in the prior quarter.
- The five-year high for Cost of Revenue was $1.1 billion in Q1 2025, with the low at -$2.0 billion in Q4 2025.
- The 5-year median for Cost of Revenue is $463000.0 (2022), against an average of $96.9 million.
- The sharpest annual moves came in 2023 and 2025: Cost of Revenue jumped 401957.14% in 2023, then sank 3003541.79% in 2025.
- Bakkt's Cost of Revenue stood at -$49000.0 in 2022, then surged by 401957.14% to $196.9 million in 2023, then tumbled by 100.03% to -$67000.0 in 2024, then tumbled by 3003541.79% to -$2.0 billion in 2025, then surged by 100.0% to $5000.0 in 2026.
- Business Quant data shows BKKT's Cost of Revenue at $5000.0 in Q1 2026, -$2.0 billion in Q4 2025, and $85000.0 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,591.10 Bn | 3,458.35 Bn | 60.48 Bn | 29.53 Bn |
| 2 | Palantir Technologies | 432.53 Bn | 423.12 Bn | 1.64 Bn | 296.87 Mn |
| 3 | Oracle | 420.19 Bn | 388.30 Bn | - | - |
| 4 | Palo Alto Networks | 287.08 Bn | 283.97 Bn | 2.03 Bn | 974.00 Mn |
| 5 | CrowdStrike Holdings | 194.99 Bn | 190.44 Bn | 1.04 Bn | 342.28 Mn |
| 6 | Fortinet | 112.63 Bn | 108.56 Bn | 1.64 Bn | 404.70 Mn |
| 7 | Cloudflare | 103.81 Bn | 99.64 Bn | 499.52 Mn | 196.54 Mn |
| 8 | Synopsys | 75.38 Bn | 73.11 Bn | 1.77 Bn | 637.38 Mn |
| 9 | Block | 49.09 Bn | 42.66 Bn | 3.17 Bn | 3.45 Bn |
| 10 | Bakkt | 350.46 Mn | 299.76 Mn | 2.21 Mn | 167.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 167.94 Mn |
| Jun 30, 2026 | 167.94 Mn |
| Mar 31, 2026 | 5,000.00 |
| Mar 31, 2026 | 5,000.00 |
| Dec 31, 2025 | -2.01 Bn |
| Dec 31, 2025 | -2.01 Bn |
| Sep 30, 2025 | 85,000.00 |
| Sep 30, 2025 | 85,000.00 |
| Jun 30, 2025 | 561.07 Mn |
| Jun 30, 2025 | 561.07 Mn |
| Mar 31, 2025 | 1.05 Bn |
| Mar 31, 2025 | 1.05 Bn |
| Dec 31, 2024 | -67,000.00 |
| Dec 31, 2024 | -67,000.00 |
| Sep 30, 2024 | 1,000.00 |
| Sep 30, 2024 | 1,000.00 |
| Jun 30, 2024 | 491.70 Mn |
| Jun 30, 2024 | 491.70 Mn |
| Mar 31, 2024 | 831.97 Mn |
| Mar 31, 2024 | 831.97 Mn |