BKKT
Bakkt Holdings, Inc.
There isn't enough reported data to score BKKT yet.
SNDK
Sandisk Corporation
SNDK's fundamentals are strong: revenue more than tripled and its operating margin went from −19% to 72%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
BKKT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Unavailable | |
| Unavailable |
BKKT's revenue is currently healthy, but its profitability is under pressure. There isn't enough data to rate its cash flow and balance sheet.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
BKKT PE Valuation
BKKT has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 24x next year's earnings.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK's PE is 7.5x, but its earnings don't support one, so it isn't a reliable read right now.
BKKT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Improving | |
| Limited | |
| High |
Analysts expect BKKT to return to profit, with revenue growing.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for SNDK, with profitability improving.
BKKT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.15 | — |
| Q3 2026 | -$4.85 | +$0.32 |
| Q2 2026 | -$6.31 | -$1.84 |
| Q1 2026 | -$10.41 | -$5.43 |
| Q4 2025 | -$8.87 | -$0.90 |
| Q3 2025 | -$5.17 | +$7.06 |
| Q2 2025 | -$4.47 | +$12.06 |
| Q1 2025 | -$4.98 | +$13.63 |
| Q4 2024 | -$7.97 | +$13.03 |
BKKT is still losing money, but far less than before: $4.85 per share over the past year, against $207.25 at its worst in mid-2023.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over BKKT in the latest year-over-year earnings comparison.
BKKT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2025 | $577.9M | +13% |
| Q1 2025 | $1.1B | +26% |
| Q4 2024 | $1.8B | +738% |
| Q3 2024 | $328.4M | +60% |
| Q2 2024 | $509.9M | +47% |
| Q1 2024 | $854.6M | +6481% |
| Q4 2023 | $214.5M | +1275% |
| Q3 2023 | $204.8M | +1492% |
SNDK has the stronger quarterly revenue trend. Revenue is up 13% for BKKT versus up 378% for SNDK.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2025 | -3.2% | +1.1 points |
| Q1 2025 | -1.7% | +2 points |
| Q4 2024 | -0.7% | +36 points |
| Q3 2024 | -8.3% | +18 points |
| Q2 2024 | -4.3% | +10 points |
| Q1 2024 | -3.7% | +346 points |
| Q4 2023 | -37% | +2091 points |
| Q3 2023 | -26% | +12376 points |
BKKT's operating margin was −3.2% last quarter, up 1.1 points from the same quarter a year ago.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK's revenue has grown year over year for six quarters in a row: $11B last quarter, up 378% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK's operating margin was 80% last quarter, up 72 points from the same quarter a year ago, near the top of its range since 2023.
BKKT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$17.9M | +$28.7M |
| Q2 2026 | -$14.8M | -378% |
| Q1 2026 | -$12.1M | +$89.3M |
| Q4 2025 | -$10.8M | -135% |
| Q3 2025 | -$46.7M | -$21M |
| Q2 2025 | $5.3M | +$71.7M |
| Q1 2025 | -$101.4M | -377% |
| Q4 2024 | $31.1M | +$39.4M |
BKKT has burned cash in most quarters: −$56M over the past year, against −$112M the year before.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK has the edge over BKKT on cash generation, producing positive trailing cash flow while its opponent burns cash.
BKKT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +10% | +4.3M shares |
| 1 year | +573% | +39.1M shares |
| 3 years | +1179% | +42.4M shares |
BKKT has 46M diluted shares, up 573% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $49,000 |
| Q2 2026 | $49,000 |
| Q1 2026 | $280,000 |
| Q3 2025 | $1.7M |
| Q2 2025 | $806,000 |
| Q1 2025 | $906,000 |
| Q4 2024 | $260,000 |
| Q3 2024 | $112,000 |
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has the edge over BKKT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
BKKT Net Leverage
BKKT's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has more cash than debt.
BKKT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 31.3 | Neutral |
| Stochastic | 4.4 | Oversold |
BKKT's weekly RSI is 31 (neutral) and its Stochastic is 4 (oversold).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
BKKT PE vs Technology Sector
BKKT has no meaningful PE right now: it lost money over the past year.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK is trading at 7.5x earnings, a 73% discount to the Technology sector's median of 28x, though its earnings don't support one.
BKKT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.80 | 37% below |
| 20 week MA | $7.08 | 48% below |
| 50 week MA | $9.20 | 60% below |
| 100 week MA | $13.0 | 72% below |
| 200 week MA | $20.0 | 82% below |
SNDK has stronger trend alignment. BKKT is above 0 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
BKKT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $240.0 | $255.3 | +6.4% |
| 2021 | $255.3 | $250.0 | -2.1% |
| 2022 | $250.0 | $33.0 | -87% |
| 2023 | $33.0 | $55.8 | +69% |
| 2024 | $55.8 | $27.5 | -51% |
| 2025 | $27.5 | $10.5 | -62% |
| 2026 YTD | $10.5 | $3.67 | -65% |
BKKT has finished lower in four of the last six years. It's down 65% so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over BKKT on returns for 2026, with the stronger performance.