NASDAQ$BKKT
Bakkt Inc · Q4 2026 earnings
Q4 2026 earnings · · After market close · Investor relations
Briefing
Bakkt reported Q1 2026 crypto services revenue of $243.6M with a net loss from continuing operations of $11.7M as client trading volumes fell.
Bakkt crypto services revenue was $243.6 million in Q1 2026, down sharply from $1.07 billion as major clients (Webull, Public) rolled off the platform. The company had a continuing-operations net loss of $11.7 million versus $19.4 million income a year ago. Strategic pivot to Bakkt Markets, Agent, and Global platforms continues with DTR acquisition closed April 2026.
- Crypto services revenue $243.6M vs $1.07B prior year.
- Continuing ops net loss $(11.7)M.
- Client attrition drove volume decline.
- Raised capital via RDO and ATM in quarter.
- DTR acquisition closed April 2026 for agentic payments tech.
Headline financials
Revenue & EPS history
Bakkt · Revenue · Quarterly
$244M
Revenue by segment
Bakkt · $335M total across 1 segment · Q2 2023
- Crypto Services$335M—100.0%
Forward guidance
Management discusses rebuilding client pipeline and stablecoin infrastructure; no traditional EPS guide.
Tailwinds
- Cost structure reduced with volumes.
- New capital and DTR acquisition expand product stack.
Headwinds
- Revenue collapse after client losses.
- Crypto trading cyclicality.
- Execution risk on platform pivot.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q4 2026
+4.3%
Avg return
Earnings day
+14.5%
Avg return
5 days after
+21.3%
Avg return
30 days after
47%
9 / 19 earnings
Positive
+62.5%
Q3 2023
Best reaction
-33.7%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +0.6% | -16.0% | -14.8% | |
| Q3 2025 | -13.0% | -23.3% | -45.7% | |
| Q1 2025 | +48.0% | +27.8% | +29.8% | |
| Q4 2024 | +13.0% | +30.4% | -8.6% | |
| Q3 2024 | -1.8% | +155.9% | +150.0% | |
| Q2 2024 | -10.8% | -9.8% | -27.1% | |
| Q1 2024 | -5.9% | +49.3% | +67.4% | |
| Q4 2023 | -16.3% | -14.5% | -33.1% | |
| Q3 2023 | +62.5% | +76.4% | +143.1% | |
| Q2 2023 | +0.7% | -4.3% | -9.2% | |
| Q1 2023 | -12.4% | -5.8% | +1.5% | |
| Q4 2022 | -13.5% | -3.2% | +25.4% | |
| Q3 2022 | +20.8% | +24.9% | -2.9% | |
| Q2 2022 | +11.1% | +2.2% | -6.3% | |
| Q1 2022 | +37.2% | +28.8% | +13.5% | |
| Q4 2021 | -33.7% | -31.8% | -25.3% | |
| Q3 2021 | -4.1% | -11.2% | +146.1% | |
| Q2 2021 | -0.4% | -0.7% | +3.3% | |
| Q1 2021 | +0.1% | +0.1% | -1.6% |
Discussion
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