Bakkt (BKKT) EBITDA (2020 - 2026)
Bakkt (BKKT) posted quarterly EBITDA of -$16.8 million for Q1 2026, down 10.42% year-over-year from -$18.8 million in Q1 2025, and up 81.5% on a QoQ basis from -$90.9 million in Q4 2025.
Bakkt (BKKT) EBITDA (2020 - 2026) Analysis & Trends
Bakkt (BKKT) has reported EBITDA for 7 consecutive years, with -$16.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, EBITDA fell 10.42% year-over-year to -$16.8 million; the TTM figure through Mar 2026 stood at -$151.1 million (down 109.32% YoY), while the FY2025 annual figure was -$147.2 million, down 78.93% from the prior year.
- EBITDA came in at -$16.8 million for Q1 2026 at Bakkt, up from -$90.9 million in the prior quarter.
- The five-year high for EBITDA was -$5.4 million in Q4 2023, with the low at -$1.6 billion in Q3 2022.
- Average EBITDA over 5 years is -$142.4 million, with a median of -$31.7 million recorded in 2024.
- Across the five-year window, EBITDA plunged 5237.89% in 2022 and soared 98.35% in 2023, its largest moves.
- Year by year, EBITDA stood at -$330.5 million in 2022, then jumped by 98.35% to -$5.4 million in 2023, then plunged by 83.43% to -$10.0 million in 2024, then slumped by 809.8% to -$90.9 million in 2025, then soared by 81.5% to -$16.8 million in 2026.
- According to Business Quant data, EBITDA over the past three periods registered -$16.8 million, -$90.9 million, and -$25.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 38.40 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 6.13 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 754.00 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 397.00 Mn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 13.79 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 580.00 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | -61.99 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 203.05 Mn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | -171.99 Mn |
| 10 | Bakkt | 239.24 Mn | 156.68 Mn | -208.47 Mn | -16.82 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -16.82 Mn |
| Dec 31, 2025 | -90.92 Mn |
| Sep 30, 2025 | -25.06 Mn |
| Jun 30, 2025 | -18.29 Mn |
| Mar 31, 2025 | -15.24 Mn |
| Dec 31, 2024 | -9.99 Mn |
| Sep 30, 2024 | -25.04 Mn |
| Jun 30, 2024 | -21.92 Mn |
| Mar 31, 2024 | -31.74 Mn |
| Dec 31, 2023 | -5.45 Mn |
| Sep 30, 2023 | -51.46 Mn |
| Jun 30, 2023 | -49.79 Mn |
| Mar 31, 2023 | -44.45 Mn |
| Dec 31, 2022 | -330.48 Mn |
| Sep 30, 2022 | -1.59 Bn |
| Jun 30, 2022 | -42.85 Mn |
| Mar 31, 2022 | -47.99 Mn |
| Sep 30, 2021 | -29.86 Mn |
| Jun 30, 2021 | -29.93 Mn |
| Mar 31, 2021 | -27.31 Mn |