Bakkt annual operating margin
2020
2022
2023
2024
2025
Bakkt Operating Margin Growth & History (BKKT)
Bakkt's operating margin was −6.33% for fiscal 2025.
View full Bakkt company overviewBakkt annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −6.33% | −3.93 pp |
| 2024 | 2024-12-31 | −2.40% | +19.09 pp |
| 2023 | 2023-12-31 | −21.49% | +3569.35 pp |
| 2022 | 2022-12-31 | −3,590.84% | −3313.18 pp |
| 2020 | 2020-12-31 | −277.66% | — |
Bakkt quarterly operating margin
Q1.21
Q2.21
Q3.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2025 | 2025-06-30 | −2.79% | +1.53 pp |
| Q1 2025 | 2025-03-31 | −1.44% | +2.29 pp |
| Q4 2024 | 2024-12-31 | −0.21% | +4.04 pp |
| Q3 2024 | 2024-09-30 | −7.65% | +18.16 pp |
| Q2 2024 | 2024-06-30 | −4.32% | +10.38 pp |
| Q1 2024 | 2024-03-31 | −3.73% | +340.08 pp |
| Q4 2023 | 2023-12-31 | −4.24% | +2014.58 pp |
| Q3 2023 | 2023-09-30 | −25.81% | +12044.88 pp |
| Q2 2023 | 2023-06-30 | −14.70% | +295.61 pp |
| Q1 2023 | 2023-03-31 | −343.81% | +43.09 pp |
| Q4 2022 | 2022-12-31 | −2,018.82% | −1692.18 pp |
| Q3 2022 | 2022-09-30 | −12,070.70% | −11701.56 pp |
| Q2 2022 | 2022-06-30 | −310.30% | +38.50 pp |
| Q1 2022 | 2022-03-31 | −386.90% | — |
| Q3 2021 | 2021-09-30 | −326.65% | — |
| Q2 2021 | 2021-06-30 | −369.14% | — |
| Q1 2021 | 2021-03-31 | −348.80% | — |
Bakkt operating margin trends
Across the available reported history, Bakkt's operating margin decreased from −2.40% to −6.33%, a change of −3.93 percentage points. The latest reported quarter, Q2 2025, shows −2.79%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Bakkt filings at SEC.gov ↗