Bakkt (BKKT) Net Margin (2021 - 2025)
Bakkt (BKKT) posted quarterly Net Margin of 8.88% for Q4 2025, down 886.0% year-over-year from 1.13% in Q4 2024, and up 99.92% quarter-over-quarter from 10680.0% in Q3 2025.
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 886.0% year-over-year to 8.88%; the TTM figure through Mar 2026 stood at 5.2% (down 442.0% YoY), while the FY2025 annual figure was 1.48%, down 122.0% from the prior year.
- Net Margin for Q4 2025 stood at 8.88%, up from 10680.0% in the prior quarter.
- The five-year high for Net Margin was 0.02% in Q4 2024, with the low at 12052.89% in Q3 2022.
- The 5-year median for Net Margin is 25.27% (2023), against an average of 1409.5%.
- The sharpest annual moves came in 2022 and 2023: Net Margin slumped 1173734 bps in 2022, then jumped 1202762 bps in 2023.
- Bakkt's Net Margin stood at 315.54% in 2021, then tumbled by 550 bps to 2051.95% in 2022, then surged by 100 bps to 4.05% in 2023, then jumped by 100 bps to 0.02% in 2024, then slumped by 48017 bps to 8.88% in 2025.
- Business Quant data shows BKKT's Net Margin at 8.88% in Q4 2025, 10680.0% in Q3 2025, and 5.22% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,572.01 Bn | 3,439.26 Bn | 60.48 Bn | 36.78% |
| 2 | Palantir Technologies | 417.52 Bn | 408.11 Bn | 1.64 Bn | 55.08% |
| 3 | Oracle | 404.72 Bn | 372.82 Bn | - | 13.89% |
| 4 | Palo Alto Networks | 279.48 Bn | 276.37 Bn | 2.03 Bn | -5.90% |
| 5 | CrowdStrike Holdings | 192.90 Bn | 188.34 Bn | 1.04 Bn | 3.32% |
| 6 | Fortinet | 110.46 Bn | 106.39 Bn | 1.64 Bn | 29.55% |
| 7 | Cloudflare | 98.68 Bn | 94.52 Bn | 499.52 Mn | -24.42% |
| 8 | Synopsys | 75.30 Bn | 73.02 Bn | 1.77 Bn | 2.69% |
| 9 | CoreWeave | 49.50 Bn | 43.96 Bn | 1.70 Bn | -24.31% |
| 10 | Bakkt | 307.24 Mn | 256.55 Mn | 2.21 Mn | 47.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -8.88% |
| Sep 30, 2025 | -10,680.00% |
| Jun 30, 2025 | -5.22% |
| Mar 31, 2025 | -0.30% |
| Dec 31, 2024 | -0.02% |
| 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% |