Stocks Comparison
Bakkt vs Coinbase Global: revenue, profit, margins and growth compared
Bakkt brought in $2.3B of revenue in fiscal 2025, Coinbase Global $7.2B in fiscal 2025. Revenue changed by -32.1% at Bakkt and +9.4% at Coinbase Global on the year before, so Coinbase Global grew faster. Bakkt kept -4.6% of its revenue as net profit, Coinbase Global 17.6%.
Side by side, latest fiscal year
| BKKT | COIN | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $2.3B | $7.2B |
| Revenue growth | -32.1% | +9.4% |
| Net income | -$107.2M | $1.3B |
| Net margin | -4.6% | 17.6% |
| Free cash flow | n/a | n/a |
| Free cash flow margin | n/a | n/a |
| Earnings per share (diluted) | -$8.87 | $4.45 |
| Cash | $27M | $11.3B |
| Debt | n/a | $7.2B |
| Price to earnings | n/a | 43.8 |
| Market value | $383.1M | $51.5B |
| Dividend yield | n/a | n/a |
| Rank by revenue in sector | #134 of 444 · Finance | #76 of 444 · Finance |
Over the years
Questions about Bakkt and Coinbase Global
Which is bigger by revenue, Bakkt or Coinbase Global?
Coinbase Global is bigger by revenue: $7.2B in fiscal 2025, against $2.3B for Bakkt in fiscal 2025.
Which keeps more of its revenue as profit, Bakkt or Coinbase Global?
Bakkt had a net margin of -4.6% in fiscal 2025; Coinbase Global had 17.6% in fiscal 2025.
Which grew revenue faster, Bakkt or Coinbase Global?
In their latest fiscal years revenue changed by -32.1% at Bakkt and +9.4% at Coinbase Global.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.