IBTA
Ibotta, Inc.
IBTA has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over IBTA overall, supported by stronger fundamentals and stronger modeled upside.
IBTA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Strong | |
| Strong |
IBTA's revenue, cash flow and balance sheet are currently healthy, but its profitability is under pressure.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
IBTA PE Valuation
IBTA has no meaningful PE right now: it lost money over the past year.
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.
IBTA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect IBTA's losses to shrink, 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.
IBTA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.66 | -121% |
| Q2 2026 | -$0.46 | -113% |
| Q1 2026 | -$0.33 | -115% |
| Q4 2025 | $0.12 | -95% |
| Q3 2025 | $3.19 | +2179% |
| Q2 2025 | $3.65 | +$3.74 |
| Q1 2025 | $2.25 | +29% |
| Q4 2024 | $2.56 | +102% |
IBTA has swung to a loss: it lost $0.66 per share over the past year, after a profit the year before.
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 IBTA in the latest year-over-year earnings comparison.
IBTA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $97.8M | +17% |
| Q2 2026 | $88.9M | +3.3% |
| Q1 2026 | $82.5M | -2.5% |
| Q4 2025 | $88.5M | -10% |
| Q3 2025 | $83.3M | -16% |
| Q2 2025 | $86M | -2.2% |
| Q1 2025 | $84.6M | +2.7% |
| Q4 2024 | $98.4M | -1.3% |
IBTA's revenue grew through 2024 and has held roughly level since: $98M last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.8% | +2 points |
| Q2 2026 | -2.1% | -3.5 points |
| Q1 2026 | -13% | -9.8 points |
| Q4 2025 | -1.9% | -15 points |
| Q3 2025 | 2.8% | -18 points |
| Q2 2025 | 1.4% | +26 points |
| Q1 2025 | -3.3% | -23 points |
| Q4 2024 | 13% | -13 points |
IBTA's operating margin was 4.8% last quarter, up 2 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 has the edge over IBTA on sales, with more consistent year-over-year improvement.
| 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 has the edge over IBTA on profitability, with a higher operating margin.
IBTA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $21.5M | +48% |
| Q2 2026 | $12.4M | -44% |
| Q1 2026 | $27.3M | +52% |
| Q4 2025 | $20.3M | -6.8% |
| Q3 2025 | $14.5M | -63% |
| Q2 2025 | $22.2M | -36% |
| Q1 2025 | $18M | -6.5% |
| Q4 2024 | $21.8M | +0.4% |
IBTA generated $81M in free cash flow over the past year, up 6.5% from 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 IBTA on cash flow, with more consistent year-over-year improvement.
IBTA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +68.4K shares |
| 1 year | -21% | -6M shares |
| 3 years | -23% | -6.9M shares |
IBTA has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $13.9M |
| Q2 2026 | $26M |
| Q1 2026 | $44.8M |
| Q4 2025 | $54.8M |
| Q3 2025 | $38M |
| Q2 2025 | $70.4M |
| Q1 2025 | $69.8M |
| Q4 2024 | $15.7M |
IBTA spent $139M buying back its own shares over the past year, down 28% from the year before.
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 154M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
IBTA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -53.4x | Net Cash |
| Q1 2026 | -1,055.1x | Net Cash |
| Q4 2025 | -25.0x | Net Cash |
| Q3 2025 | -10.4x | Net Cash |
| Q2 2025 | -6.1x | Net Cash |
| Q1 2025 | -16.9x | Net Cash |
| Q4 2024 | -9.7x | Net Cash |
| Q3 2024 | -7.3x | Net Cash |
IBTA has the edge over SNDK on leverage, with a lower net debt burden relative to earnings.
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.
IBTA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 78.6 | Overbought |
| Stochastic | 82.4 | Overbought |
IBTA's weekly RSI is 79 (overbought) and its Stochastic is 82 (overbought).
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).
IBTA PE vs Technology Sector
| Metric | IBTA | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
IBTA 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.
IBTA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $48.4 | 20% above |
| 20 week MA | $40.4 | 44% above |
| 50 week MA | $32.7 | 78% above |
| 100 week MA | $37.9 | 53% above |
IBTA has stronger trend alignment. IBTA is above 4 of 4 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.
IBTA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $98.0 | $65.8 | -33% |
| 2025 | $65.8 | $22.2 | -66% |
| 2026 YTD | $22.2 | $58.1 | +162% |
IBTA has finished every year since 2024 lower, and it's up 162% 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 IBTA on returns for 2026, with the stronger performance.