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Bakkt (BKKT) Cost of Revenue (2021 - 2025)

Bakkt has reported Cost of Revenue over the past 5 years, most recently at -$2.0 billion for Q4 2025.

  • Quarterly results put Cost of Revenue at -$2.0 billion for Q4 2025, down 22.97% from a year ago — trailing twelve months through Dec 2025 was -$560.7 million (up 30.27% YoY), and the annual figure for FY2025 was $84000.0, up 180.0%.
  • Cost of Revenue for Q4 2025 was -$2.0 billion at Bakkt, down from $396.8 million in the prior quarter.
  • Over the last five years, Cost of Revenue for BKKT hit a ceiling of $1.1 billion in Q1 2025 and a floor of -$2.0 billion in Q4 2025.
  • Median Cost of Revenue over the past 5 years was $363000.0 (2023), compared with a mean of -$54.2 million.
  • Biggest five-year swings in Cost of Revenue: crashed 189747.33% in 2024 and later surged 39681400.0% in 2025.
  • Bakkt's Cost of Revenue stood at $341000.0 in 2021, then skyrocketed by 190.62% to $991000.0 in 2022, then crashed by 186.98% to -$862000.0 in 2023, then crashed by 189747.33% to -$1.6 billion in 2024, then fell by 22.97% to -$2.0 billion in 2025.
  • The last three reported values for Cost of Revenue were -$2.0 billion (Q4 2025), $396.8 million (Q3 2025), and $320000.0 (Q2 2025) per Business Quant data.