Bakkt Holdings, Inc. (BKKT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 243.59M | 299.17M | 402.21M | 577.88M | 1.07B | 1.8B | 328.42M | 509.9M | 854.58M | 214.51M | 204.77M | 347.63M | 13.22M | 15.91M | 13.21M | 14.04M | 12.53M | 13.66M | 9.14M | 8.49M |
| Revenue Growth % | -77.34% | -83.35% | 22.47% | 13.33% | 25.78% | 737.86% | 60.38% | 46.68% | 6364.8% | 1248.47% | 1449.79% | 2376.87% | 5.48% | 16.42% | 44.53% | 65.39% | 53.86% | 44.93% | 37.91% | - |
| Cost of Goods Sold | 246.64M | 347.24M | 418.44M | 27.09M | 26.58M | 1.77B | 312.84M | 491.7M | 831.97M | 196.91M | 189.43M | 331.81M | 363K | 38.83M | 353K | 463K | 0 | 102.87M | 28.71M | 24.59M |
| COGS % of Revenue | 101.25% | 116.07% | 104.03% | 4.69% | 2.47% | 98.3% | 95.26% | 96.43% | 97.35% | 91.79% | 92.51% | 95.45% | 2.75% | 244.1% | 2.67% | 3.3% | - | 752.87% | 314.01% | 289.79% |
| Gross Profit | -3.04M | -48.07M | -16.23M | 550.79M | 1.05B | 30.63M | 15.58M | 18.2M | 22.61M | 17.6M | 15.35M | 15.82M | 12.86M | -22.92M | 12.86M | 13.57M | 12.53M | -89.21M | -19.57M | -16.11M |
| Gross Margin % | -1.25% | -16.07% | -4.03% | 95.31% | 97.53% | 1.7% | 4.74% | 3.57% | 2.65% | 8.21% | 7.49% | 4.55% | 97.25% | -144.1% | 97.33% | 96.7% | 100% | -652.87% | -214.01% | -189.8% |
| Gross Profit Growth % | -100.29% | -256.94% | -204.17% | 2926.81% | 4536.58% | 73.98% | 1.51% | 15.03% | 75.87% | 176.8% | 19.33% | 16.56% | 2.59% | 74.3% | 165.73% | 184.27% | 216.18% | -1159.64% | -82.66% | - |
| Operating Expenses | 13.88M | 15.77M | 9.04M | 569.28M | 1.07B | 42.31M | 42.96M | 40.21M | 54.45M | 96.1M | 68.21M | 66.91M | 58.3M | 309.05M | 1.61B | 57.12M | 61.02M | 35.8M | 10.3M | 15.22M |
| OpEx % of Revenue | 5.7% | 5.27% | 2.25% | 98.51% | 99.25% | 2.35% | 13.08% | 7.89% | 6.37% | 44.8% | 33.31% | 19.25% | 441.06% | 1942.75% | 12168.02% | 407% | 486.9% | 262.02% | 112.63% | 179.34% |
| Selling, General & Admin | 13.87M | 15.82M | 20.87M | 30.68M | 30.41M | 28.14M | 39.16M | 35.19M | 41.9M | 36.26M | 39.55M | 41.89M | 48.95M | 8.42M | 52.44M | 50.09M | 53.56M | 9.32M | 0 | 0 |
| SG&A % of Revenue | 5.7% | 5.29% | 5.19% | 5.31% | 2.83% | 1.57% | 11.92% | 6.9% | 4.9% | 16.9% | 19.32% | 12.05% | 370.29% | 52.92% | 396.85% | 356.89% | 427.35% | 68.18% | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7M | 0 | 0 | 0 | 4M | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 10.69% | - | - | - | 29.27% | - | - |
| Other Operating Expenses | 5K | -51K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | -16.92M | -63.84M | -25.26M | -18.49M | -18.52M | -11.68M | -27.38M | -22.02M | -31.84M | -78.49M | -52.86M | -51.09M | -45.45M | -331.98M | -1.59B | -43.55M | -48.49M | -125.01M | -29.86M | -31.32M |
| Operating Margin % | -6.95% | -21.34% | -6.28% | -3.2% | -1.72% | -0.65% | -8.34% | -4.32% | -3.73% | -36.59% | -25.81% | -14.7% | -343.81% | -2086.85% | -12070.7% | -310.3% | -386.9% | -914.89% | -326.65% | -369.14% |
| Operating Income Growth % | 8.62% | -446.58% | 7.74% | 16.02% | 41.83% | 85.12% | 48.2% | 56.9% | 29.95% | 76.36% | 96.69% | -17.31% | 6.27% | -165.56% | -5240.9% | -39.03% | -70.67% | -335% | -95.71% | - |
| EBITDA | -16.86M | -63.76M | -25.11M | -18.34M | -18.3M | -11.62M | -27.28M | -21.9M | -31.78M | -75.41M | -48.9M | -47.27M | -42.38M | -325.97M | -1.59B | -37.45M | -42.63M | -117.93M | -27.93M | -29.53M |
| EBITDA Margin % | -6.92% | -21.31% | -6.24% | -3.17% | -1.7% | -0.65% | -8.31% | -4.29% | -3.72% | -35.15% | -23.88% | -13.6% | -320.64% | -2049.07% | -12022.33% | -266.85% | -340.21% | -863.06% | -305.47% | -347.95% |
| EBITDA Growth % | 7.88% | -448.81% | 7.94% | 16.28% | 42.42% | 84.59% | 44.22% | 53.67% | 25.02% | 76.87% | 96.92% | -26.2% | 0.59% | -176.41% | -5588.28% | -26.84% | -60.59% | -348.57% | -109.51% | - |
| D&A (Non-Cash Add-back) | 66K | 80K | 153K | 154K | 220K | 62K | 107K | 117K | 57K | 3.09M | 3.96M | 3.82M | 3.06M | 6.01M | 6.39M | 6.1M | 5.85M | 7.08M | 1.94M | 1.8M |
| EBIT | -16.92M | -63.84M | -19.68M | -30.04M | -18.29M | -10.91M | -26.36M | -21.09M | -25.41M | -23.73M | -30.22M | -33.85M | -40.42M | -39.26M | -46.72M | -43.37M | -47.97M | -105.89M | -28.1M | -28.84M |
| Net Interest Income | 185K | 273K | 50K | -53K | 622K | 1.1M | 1.01M | 1.25M | 956K | 836K | 1.18M | 701K | 1.62M | 1.04M | 623K | 153K | 61K | -255.9K | -96K | -94K |
| Interest Income | 185K | 273K | 50K | 0 | 622K | 1.1M | 1.01M | 1.25M | 956K | 836K | 1.18M | 701K | 1.62M | 1.04M | 623K | 153K | 61K | -8.9K | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 53K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | 0 | 0 | 0 | 247K | 96K | 94K |
| Other Income/Expense | 5.29M | -4.92M | 3.68M | -11.6M | 34.81M | -28.64M | 20.98M | -13.42M | 10.72M | -156K | 1.34M | 729K | 607K | 8.03M | 1.75M | 10.81M | 2.03M | -78.52M | 1.03M | -405K |
| Pretax Income | -11.64M | -68.75M | -21.58M | -30.09M | 16.29M | -40.31M | -6.41M | -35.44M | -21.12M | -78.65M | -51.52M | -50.36M | -44.84M | -323.95M | -1.59B | -32.74M | -46.46M | -203.53M | -28.84M | -31.73M |
| Pretax Margin % | -4.78% | -22.98% | -5.37% | -5.21% | 1.52% | -2.24% | -1.95% | -6.95% | -2.47% | -36.66% | -25.16% | -14.49% | -339.22% | -2036.39% | -12057.47% | -233.28% | -370.72% | -1489.56% | -315.41% | -373.91% |
| Income Tax | 12K | -150K | -25K | 60K | 49K | 54K | -114K | 74K | 156K | 43K | 231K | 152K | 18K | 2.48M | -606K | -5.1M | -3.14M | 10.95M | 12K | 161K |
| Effective Tax Rate % | -0.1% | 0.22% | 0.12% | -0.2% | 0.3% | -0.13% | 1.78% | -0.21% | -0.74% | -0.05% | -0.45% | -0.3% | -0.04% | -0.76% | 0.04% | 15.58% | 6.75% | -5.38% | -0.04% | -0.51% |
| Net Income | -11.65M | -85.27M | -14.92M | -14.73M | 7.71M | -19.18M | -2.89M | -16.42M | -8.16M | -26.7M | -17.33M | -16.85M | -13.98M | -98.95M | -468.13M | -3.9M | -7.13M | -93.66M | -28.85M | -31.89M |
| Net Margin % | -4.78% | -28.5% | -3.71% | -2.55% | 0.72% | -1.07% | -0.88% | -3.22% | -0.96% | -12.45% | -8.46% | -4.85% | -105.73% | -622% | -3542.97% | -27.77% | -56.88% | -685.42% | -315.54% | -375.81% |
| Net Income Growth % | -251.1% | -344.6% | -415.66% | 10.29% | 194.43% | 28.17% | 83.31% | 2.52% | 41.58% | 73.02% | 96.3% | -332.33% | -96.07% | -5.65% | -1522.81% | 87.78% | 75.27% | -216.52% | -60.52% | - |
| Net Income (Continuing) | -11.65M | -68.6M | -21.55M | -30.15M | 16.24M | -40.37M | -6.29M | -35.51M | -21.27M | -78.69M | -51.75M | -50.51M | -44.86M | -326.43M | -1.59B | -27.64M | -43.32M | -214.49M | -28.85M | -31.89M |
| Discontinued Operations | 0 | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 14.17M | 22.53M | 37.5M | 28.96M | 51.52M | 54.78M | 73.9M | 87.43M | 141.74M | 176.08M | 209M | 239.81M | 473.51M | 1.62B | 1.79B | 1.83B | 0 | 0 |
| EPS (Diluted) | -0.87 | -6.37 | -2.19 | -2.16 | 1.13 | -2.95 | -0.45 | -2.67 | -1.86 | -7.25 | -4.74 | -4.69 | -4.27 | -30.50 | -152.80 | -0.05 | -0.11 | 0.84 | -0.01 | -0.64 |
| EPS Growth % | -176.99% | -115.93% | -386.67% | 19.1% | 160.75% | 59.31% | 90.51% | 43.07% | 56.44% | 76.23% | 96.9% | -8474.04% | -3781.82% | -3730.95% | - | 91.45% | 81.03% | - | - | - |
| EPS (Basic) | -0.87 | -6.37 | -2.19 | -2.16 | 1.18 | -2.95 | -0.45 | -2.67 | -1.86 | -7.25 | -4.74 | -4.69 | -4.27 | -30.52 | -152.80 | -0.05 | -0.11 | 0.84 | -0.01 | -0.64 |
| Diluted Shares Outstanding | 13.38M | 13.38M | 6.83M | 6.83M | 6.5M | 6.5M | 6.36M | 6.16M | 4.4M | 3.68M | 3.65M | 3.59M | 3.28M | 3.16M | 3.06M | 71.23M | 64.2M | 54.02M | 49.97M | 49.97M |
| Basic Shares Outstanding | 13.38M | 13.38M | 6.83M | 6.83M | 6.5M | 6.5M | 6.36M | 6.16M | 4.4M | 3.68M | 3.65M | 3.59M | 3.28M | 3.16M | 3.06M | 71.23M | 64.2M | 54.02M | 49.97M | 49.97M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |