Growth Metrics

Bakkt (BKKT) EBITDA Margin (2021 - 2025)

Bakkt has reported EBITDA Margin over the past 5 years, most recently at 30.39% for Q4 2025.

  • Quarterly results put EBITDA Margin at 30.39% for Q4 2025, down 3010.0% from a year ago — trailing twelve months through Dec 2025 was 6.48% (down 474.0% YoY), and the annual figure for FY2025 was 6.3%, down 391.0%.
  • EBITDA Margin for Q4 2025 was 30.39% at Bakkt, down from 6.23% in the prior quarter.
  • Over the last five years, EBITDA Margin for BKKT hit a ceiling of 0.29% in Q4 2024 and a floor of 12063.88% in Q3 2022.
  • Median EBITDA Margin over the past 5 years was 25.13% (2023), compared with a mean of 856.89%.
  • Biggest five-year swings in EBITDA Margin: plummeted -1173724bps in 2022 and later skyrocketed 1203875bps in 2023.
  • Bakkt's EBITDA Margin stood at 326.65% in 2021, then tumbled by -536bps to 2077.42% in 2022, then soared by 100bps to 3.38% in 2023, then skyrocketed by 91bps to 0.29% in 2024, then crashed by -10266bps to 30.39% in 2025.
  • The last three reported values for EBITDA Margin were 30.39% (Q4 2025), 6.23% (Q3 2025), and 3.16% (Q2 2025) per Business Quant data.