Bakkt (BKKT) FCF Margin (2021 - 2026)
Bakkt's FCF Margin was -8.71% in Q2 2026, down 9.66 percentage points from 0.95% a year earlier and down 3.74 percentage points from the prior quarter.
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Analysis
Bakkt (BKKT) FCF Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Bakkt's FCF Margin was -7.57% through Jun 30, 2026, down 5.14 percentage points year-over-year; for FY2025, it was -6.62%, down 5.91 percentage points from FY2024.
- FCF Margin shows a five-year change of +174.15 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was -0.71% in FY2024 (+8.94 pp), -9.65% in FY2023 (+253.84 pp), -263.48% in FY2022 (+493.99 pp) and -757.47% in FY2021 (-576.70 pp).
- Quarterly FCF Margin has moved between -385.51% (Q1 2023) and 11.10% (Q3 2023) over five years.
- Compared with a year earlier, FCF Margin was higher in three of the last eight quarters, with an average year-over-year change of -3.26 percentage points.
- The best year-over-year quarter for FCF Margin over five years was Q1 2024 (a gain of 389.79 percentage points); the worst was Q1 2023 (a drop of 96.02 percentage points).
- Per Business Quant data, BKKT's FCF Margin in the three quarters before Q2 2026 was -4.96% (Q1 2026), -3.61% (Q4 2025) and -11.60% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 50.08 Bn | 8.30 Bn | - | 20.44% |
| 2 | Block | 46.71 Bn | 18.00 Bn | 3.17 Bn | 14.61% |
| 3 | Coinbase Global | 45.00 Bn | 1.80 Bn | - | 16.17% |
| 4 | Corpay | 26.84 Bn | 16.72 Bn | - | 105.74% |
| 5 | Fiserv | 25.68 Bn | 22.36 Bn | 2.90 Bn | 18.61% |
| 6 | Global Payments | 22.94 Bn | 732.47 Mn | 2.03 Bn | 12.86% |
| 7 | Guidewire Software | 15.52 Bn | 12.08 Bn | 269.68 Mn | 68.54% |
| 8 | Bitmine Immersion Technologies | 12.62 Bn | 10.00 Bn | 40.81 Mn | 62.27% |
| 9 | Chime Financial | 11.56 Bn | 7.35 Bn | 594.87 Mn | 29.49% |
| 10 | Bakkt | 226.71 Mn | 5.57 Mn | 2.21 Mn | -8.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -8.71% |
| Mar 31, 2026 | -4.96% |
| Dec 31, 2025 | -3.61% |
| Sep 30, 2025 | -11.60% |
| Jun 30, 2025 | 0.95% |
| Mar 31, 2025 | -9.43% |
| Dec 31, 2024 | 1.78% |
| Sep 30, 2024 | -7.80% |
| Jun 30, 2024 | -13.01% |
| Mar 31, 2024 | 4.28% |
| Dec 31, 2023 | -5.16% |
| Sep 30, 2023 | 11.10% |
| Jun 30, 2023 | -9.66% |
| Mar 31, 2023 | -385.51% |
| Sep 30, 2022 | -312.15% |
| Jun 30, 2022 | -277.27% |
| Mar 31, 2022 | -289.48% |
| Dec 31, 2021 | -757.47% |
| Mar 31, 2021 | -61.73% |
API Access
Bakkt FCF 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=fcf-margin&ticker=BKKT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=BKKT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();