Bakkt, Inc. (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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Bakkt, Inc. (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
Historic Data
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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, Inc. 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();