Bakkt (BKKT) EBITDA Margin (2021 - 2026)
Bakkt (BKKT) posted EBITDA Margin of -10.91% for Q2 2026, down 8.15 percentage points from -2.76% a year earlier and down 3.99 percentage points from the prior quarter.
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Analysis
Bakkt (BKKT) EBITDA Margin (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBITDA Margin at Bakkt was -13.58%, down 11.81 percentage points year-over-year; for FY2025, it came in at -6.30%, down 3.91 percentage points from FY2024.
- Annual EBITDA Margin shows a five-year change of +243.37 percentage points (FY2020 to FY2025).
- In prior years, Bakkt's EBITDA Margin was -2.39% in FY2024 (+17.19 pp), -19.58% in FY2023 (+3526.18 pp), -3545.75% in FY2022 (-2943.68 pp) and -602.07% in FY2021 (-352.39 pp).
- Quarterly EBITDA Margin has run from a low of -12022.33% in Q3 2022 to a high of -0.57% in Q4 2024 over five years.
- On a year-over-year basis, EBITDA Margin has declined in each of the last three quarters, with an average year-over-year change of -2.53 percentage points over the last eight quarters.
- The strongest year-over-year quarter for EBITDA Margin in the past five years was Q3 2023, with a gain of 11998.45 percentage points; the weakest was Q4 2025, with a drop of 29.83 percentage points.
- According to Business Quant data, EBITDA Margin for the three prior quarters was -6.92% (Q1 2026), -30.40% (Q4 2025) and -6.24% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 50.08 Bn | 8.30 Bn | - | 19.27% |
| 2 | Block | 46.71 Bn | 18.00 Bn | 3.17 Bn | 8.19% |
| 3 | Coinbase Global | 45.00 Bn | 1.80 Bn | - | -5.44% |
| 4 | Corpay | 26.84 Bn | 16.72 Bn | - | 44.38% |
| 5 | Fiserv | 25.68 Bn | 22.36 Bn | 2.90 Bn | 35.62% |
| 6 | Global Payments | 22.94 Bn | 732.47 Mn | 2.03 Bn | 37.59% |
| 7 | Guidewire Software | 15.52 Bn | 12.08 Bn | 269.68 Mn | 19.18% |
| 8 | Bitmine Immersion Technologies | 12.62 Bn | 10.00 Bn | 40.81 Mn | -24.67% |
| 9 | Chime Financial | 11.56 Bn | 7.35 Bn | 594.87 Mn | 4.32% |
| 10 | Bakkt | 226.71 Mn | 5.57 Mn | 2.21 Mn | -10.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -10.91% |
| Mar 31, 2026 | -6.92% |
| Dec 31, 2025 | -30.40% |
| Sep 30, 2025 | -6.24% |
| Jun 30, 2025 | -2.76% |
| Mar 31, 2025 | -1.42% |
| Dec 31, 2024 | -0.57% |
| Sep 30, 2024 | -7.62% |
| Jun 30, 2024 | -4.29% |
| Mar 31, 2024 | -3.72% |
| Dec 31, 2023 | -2.33% |
| Sep 30, 2023 | -23.88% |
| Jun 30, 2023 | -13.60% |
| Mar 31, 2023 | -320.64% |
| Sep 30, 2022 | -12,022.33% |
| Jun 30, 2022 | -266.85% |
| Mar 31, 2022 | -340.21% |
| Dec 31, 2021 | -602.07% |
| Sep 30, 2021 | -290.88% |
| Jun 30, 2021 | -352.64% |
API Access
Bakkt EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=BKKT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "BKKT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=BKKT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();