Bakkt Holdings (Bakkt Holdings) Gross Margin % : 8.21% (As of Dec. 2023)

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What is Bakkt Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Bakkt Holdings's Gross Profit for the three months ended in Dec. 2023 was $17.6 Mil. Bakkt Holdings's Revenue for the three months ended in Dec. 2023 was $214.5 Mil. Therefore, Bakkt Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 8.21%.

The historical rank and industry rank for Bakkt Holdings's Gross Margin % or its related term are showing as below:

BKKT' s Gross Margin % Range Over the Past 10 Years
Min: 7.9 Med: 52.48 Max: 97.05
Current: 7.92

During the past 4 years, the highest Gross Margin % of Bakkt Holdings was 97.05%. The lowest was 7.90%. And the median was 52.48%.

BKKT's Gross Margin % is ranked worse than
93.46% of 2629 companies
in the Software industry
Industry Median: 41.79 vs BKKT: 7.92

Bakkt Holdings had a gross margin of 8.21% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Bakkt Holdings was 0.00% per year.

Bakkt Holdings Gross Margin % Historical Data

The historical data trend for Bakkt Holdings's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bakkt Holdings Gross Margin % Chart

Bakkt Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Margin %

97.05

7.90

Bakkt Holdings Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial								98.08	-	4.55	7.49	8.21

Competitive Comparison of Bakkt Holdings's Gross Margin %

For the Software - Infrastructure subindustry, Bakkt Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bakkt Holdings's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Bakkt Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Bakkt Holdings's Gross Margin % falls into.

Bakkt Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Bakkt Holdings's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	61.6	/	780.136
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(780.136 - 718.511)	/	780.136
	=	7.90 %

Bakkt Holdings's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	17.6	/	214.514
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(214.514 - 196.91)	/	214.514
	=	8.21 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Bakkt Holdings (NYSE:BKKT) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Bakkt Holdings had a gross margin of 8.21% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Bakkt Holdings Gross Margin % Related Terms

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Bakkt Holdings (Bakkt Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bakkt Holdings Inc (NYSE:BKKT) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10000 Avalon Boulevard, Suite 1000, Alpharetta, GA, USA, 30009

Website

https://www.bakkt.com

Bakkt Holdings Inc operates technology that connects the digital economy by offering a platform for crypto and redeeming loyalty points. Its institutional-grade technology platform provides a custody solution that caters to more experienced market participants to store crypto and provides consumers, businesses, and institutions with the ability to buy, sell and store crypto in a simple, intuitive digital experience accessed via application programming interfaces (APIs) or embedded web experience, and Loyalty offers a full spectrum of content that clients can make available to its customers when redeeming loyalty currencies. It generates revenue in the form of Subscription and service and Transaction revenue.

Executives

Vpc Impact Acquisition Holdings Sponsor, Llc	director, 10 percent owner, other: See Remarks	150 NORTH RIVERSIDE PLAZA, SUITE 5200, CHICAGO IL 60606
Sean Roberts Collins	director	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Marc D'annunzio	officer: General Counsel & Secretary	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Mark Sonbolian Elliot	officer: Chief Sales & Mktg Officer	C/O BAKKT HOLDINGS INC., 10000 AVALON BLVD., SUITE 1000, ALPHARETTA GA 30009
Michael Gavin Constantine	director, officer: Chief Executive Officer	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Karen Alexander	officer: Chief Accounting Officer	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTE GA 30009
Charles Goodroe	officer: Chief Accounting Officer	C/O BAKKT HOLDINGS INC., 10000 AVALON BLVD., SUITE 1000, ALPHARETTA GA 30009
Meredith Spatz	officer: Chief Customer Officer	C/O BAKKT HOLDINGS INC., 10000 AVALON BLVD., SUITE 1000, ALPHARETTA GA 30009
De'ana Dow	director	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Jill Simeone	director	C/O ETSY, 117 ADAMS STREET, BROOKLYN NY 11201
Nancy Gordon	officer: EVP Loyalty Rewards & Payments	C/O BAKKT HOLDINGS, INC., 5500 WINDWARD PKWY., SUITE 450, ALPHARETTA GA 30005
Andrew A Main	director	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Daniel O'prey	officer: EVP, Digital Assets	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Michael Leroy Lewis	officer: EVP Engineering & Operations	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Matthew Alan Johnson	officer: Chief Technology Officer	C/O BAKKT HOLDINGS, INC., 5500 WINDWARD PKWY., SUITE 450, ALPHARETTA GA 30005