Bakkt (BKKT) FCF Margin (2021 - 2026)
Bakkt (BKKT) recorded quarterly FCF Margin of 38.39% in Q1 2026, down 962.34% quarter-over-quarter from 3.61% in Q4 2025, and down 2889.0% on a YoY basis from 1.38% in Q1 2025.
Bakkt (BKKT) FCF Margin (2021 - 2026) Analysis & Trends
Bakkt's FCF Margin history runs 6 years deep, the most recent figure standing at 38.39% for Q1 2026.
- In Q1 2026, FCF Margin fell 2889.0% year-over-year to 38.39%; the TTM figure through Mar 2026 stood at 4.91% (down 183.0% YoY), while the FY2025 annual figure was 6.62%, down 591.0% from the prior year.
- FCF Margin was 38.39% for Q1 2026 at Bakkt, down from 3.61% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 12.05% in Q3 2023 to a low of 385.51% in Q1 2023.
- Historically, FCF Margin has averaged 89.52% across 5 years, with a median of 9.72% in 2023.
- The sharpest annual moves came in 2022 and 2024: FCF Margin slumped 25530 bps in 2022, then jumped 38994 bps in 2024.
- A 5-year view of FCF Margin shows it stood at 323.6% in 2022, then surged by 97 bps to 9.72% in 2023, then surged by 109 bps to 0.83% in 2024, then sank by 535 bps to 3.61% in 2025, then sank by 962 bps to 38.39% in 2026.
- The last three FCF Margin figures came in at 38.39% (Q1 2026), 3.61% (Q4 2025), and 11.6% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 19.07% |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | - |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 55.23% |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | 54.62% |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | 14.80% |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 30.29% |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 55.21% |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 34.10% |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | 14.55% |
| 10 | Bakkt | 240.95 Mn | 158.39 Mn | -208.47 Mn | -38.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -38.39% |
| Dec 31, 2025 | -3.61% |
| Sep 30, 2025 | -11.60% |
| Jun 30, 2025 | 0.90% |
| Mar 31, 2025 | -9.50% |
| Dec 31, 2024 | 0.83% |
| Sep 30, 2024 | -7.80% |
| Jun 30, 2024 | -12.91% |
| Mar 31, 2024 | 4.43% |
| Dec 31, 2023 | -9.72% |
| Sep 30, 2023 | 12.05% |
| Jun 30, 2023 | -8.10% |
| Mar 31, 2023 | -385.51% |
| Dec 31, 2022 | -323.60% |
| Sep 30, 2022 | -162.48% |
| Jun 30, 2022 | -277.27% |
| Mar 31, 2022 | -289.48% |
| Mar 31, 2021 | -34.18% |