Growth Metrics

Bakkt (BKKT) FCF Margin (2021 - 2025)

Bakkt has reported FCF Margin over the past 5 years, most recently at 3.61% for Q4 2025.

  • Quarterly results put FCF Margin at 3.61% for Q4 2025, down 462.0% from a year ago — trailing twelve months through Dec 2025 was 6.52% (down 610.0% YoY), and the annual figure for FY2025 was 6.57%, down 595.0%.
  • FCF Margin for Q4 2025 was 3.61% at Bakkt, up from 11.6% in the prior quarter.
  • Over the last five years, FCF Margin for BKKT hit a ceiling of 11.1% in Q3 2023 and a floor of 412.28% in Q3 2022.
  • Median FCF Margin over the past 5 years was 10.27% (2023), compared with a mean of 79.87%.
  • Biggest five-year swings in FCF Margin: tumbled -24562bps in 2022 and later soared 42338bps in 2023.
  • Bakkt's FCF Margin stood at 34.18% in 2021, then increased by 7bps to 31.8% in 2022, then surged by 101bps to 0.38% in 2023, then surged by 161bps to 1.0% in 2024, then tumbled by -460bps to 3.61% in 2025.
  • The last three reported values for FCF Margin were 3.61% (Q4 2025), 11.6% (Q3 2025), and 0.93% (Q2 2025) per Business Quant data.