Bakkt (BKKT) Net Margin (2021 - 2025)
Bakkt (BKKT) recorded quarterly Net Margin of 8.88% in Q4 2025, down 2128.77% quarter-over-quarter from 0.4% in Q3 2025, and down 801.0% on a YoY basis from 1.27% in Q4 2024.
Bakkt (BKKT) Net Margin (2021 - 2025) Analysis & Trends
Bakkt's Net Margin history runs 5 years deep, the most recent figure standing at 8.88% for Q4 2025.
- In Q4 2025, Net Margin fell 801.0% year-over-year to 8.88%; the TTM figure through Mar 2026 stood at 4.45% (down 311.0% YoY), while the FY2025 annual figure was 1.48%, down 38.0% from the prior year.
- Net Margin was 8.88% for Q4 2025 at Bakkt, down from 0.4% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 0.3% in Q1 2025 to a low of 12052.89% in Q3 2022.
- Historically, Net Margin has averaged 847.46% across 5 years, with a median of 14.53% in 2023.
- The sharpest annual moves came in 2022 and 2023: Net Margin tumbled 1173734 bps in 2022, then surged 1202762 bps in 2023.
- A 5-year view of Net Margin shows it stood at 315.54% in 2021, then plunged by 550 bps to 2051.95% in 2022, then soared by 100 bps to 4.05% in 2023, then jumped by 79 bps to 0.87% in 2024, then plunged by 923 bps to 8.88% in 2025.
- The last three Net Margin figures came in at 8.88% (Q4 2025), 0.4% (Q3 2025), and 5.22% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 38.34% |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | 5.06% |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 21.52% |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | 53.68% |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | 16.65% |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 4.71% |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 28.90% |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 2.69% |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | -3.58% |
| 10 | Bakkt | 240.95 Mn | 158.39 Mn | -208.47 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -8.88% |
| Sep 30, 2025 | -0.40% |
| Jun 30, 2025 | -5.22% |
| Mar 31, 2025 | -0.30% |
| Dec 31, 2024 | -0.87% |
| Sep 30, 2024 | -0.80% |
| Jun 30, 2024 | -6.96% |
| Mar 31, 2024 | -2.49% |
| Dec 31, 2023 | -4.05% |
| Sep 30, 2023 | -25.27% |
| Jun 30, 2023 | -14.53% |
| Mar 31, 2023 | -339.35% |
| Dec 31, 2022 | -2,051.95% |
| Sep 30, 2022 | -12,052.89% |
| Jun 30, 2022 | -196.94% |
| Mar 31, 2022 | -345.68% |
| Sep 30, 2021 | -315.54% |
| Jun 30, 2021 | -375.81% |
| Mar 31, 2021 | -353.84% |