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Side-by-side financial comparison of Bark, Inc. (BARK) and IBEX Ltd (IBEX). Click either name above to swap in a different company.

IBEX Ltd is the larger business by last-quarter revenue ($164.2M vs $98.4M, roughly 1.7× Bark, Inc.). IBEX Ltd runs the higher net margin — 7.4% vs -8.8%, a 16.2% gap on every dollar of revenue. On growth, IBEX Ltd posted the faster year-over-year revenue change (16.7% vs -22.1%). Bark, Inc. produced more free cash flow last quarter ($1.6M vs $-5.1M). Over the past eight quarters, IBEX Ltd's revenue compounded faster (13.8% CAGR vs -10.0%).

Flying Bark Productions Pty. Ltd. is an Australian entertainment and animation studio that is a subsidiary of Belgian production company Studio 100. The studio acts as a full-service production facility across feature films, television and an assorted range of digital content. The studio was established by Yoram and Sandra Gross in 1967 as Yoram Gross Film Studios, and its stake was acquired by Australian media group Village Roadshow in 1996 before their stake was sold to German media & enter...

The IBEX 35 is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. Initiated in 1992, the index is administered and calculated by Sociedad de Bolsas, a subsidiary of Bolsas y Mercados Españoles (BME), the company which runs Spain's securities markets. It is a market capitalization-weighted index comprising the 35 most liquid Spanish stocks traded in the Madrid Stock Exchange General Index and is reviewed twice annually. Trading on options and futures con...

BARK vs IBEX — Head-to-Head

Bigger by revenue
IBEX
IBEX
1.7× larger
IBEX
$164.2M
$98.4M
BARK
Growing faster (revenue YoY)
IBEX
IBEX
+38.9% gap
IBEX
16.7%
-22.1%
BARK
Higher net margin
IBEX
IBEX
16.2% more per $
IBEX
7.4%
-8.8%
BARK
More free cash flow
BARK
BARK
$6.7M more FCF
BARK
$1.6M
$-5.1M
IBEX
Faster 2-yr revenue CAGR
IBEX
IBEX
Annualised
IBEX
13.8%
-10.0%
BARK

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
BARK
BARK
IBEX
IBEX
Revenue
$98.4M
$164.2M
Net Profit
$-8.6M
$12.2M
Gross Margin
62.5%
Operating Margin
-9.1%
9.3%
Net Margin
-8.8%
7.4%
Revenue YoY
-22.1%
16.7%
Net Profit YoY
24.9%
31.8%
EPS (diluted)
$-0.05
$0.83

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BARK
BARK
IBEX
IBEX
Q4 25
$98.4M
$164.2M
Q3 25
$107.0M
$151.2M
Q2 25
$102.9M
$147.1M
Q1 25
$115.4M
$140.7M
Q4 24
$126.4M
$140.7M
Q3 24
$126.1M
$129.7M
Q2 24
$116.2M
$124.5M
Q1 24
$121.5M
$126.8M
Net Profit
BARK
BARK
IBEX
IBEX
Q4 25
$-8.6M
$12.2M
Q3 25
$-10.7M
$12.0M
Q2 25
$-7.0M
$9.6M
Q1 25
$-6.1M
$10.5M
Q4 24
$-11.5M
$9.3M
Q3 24
$-5.3M
$7.5M
Q2 24
$-10.0M
$9.8M
Q1 24
$-4.9M
$10.3M
Gross Margin
BARK
BARK
IBEX
IBEX
Q4 25
62.5%
Q3 25
57.9%
Q2 25
62.3%
Q1 25
63.6%
Q4 24
62.7%
Q3 24
60.4%
Q2 24
63.0%
Q1 24
62.8%
Operating Margin
BARK
BARK
IBEX
IBEX
Q4 25
-9.1%
9.3%
Q3 25
-10.0%
9.1%
Q2 25
-8.1%
8.3%
Q1 25
-5.7%
9.5%
Q4 24
-9.7%
8.5%
Q3 24
-4.5%
7.0%
Q2 24
-9.1%
10.3%
Q1 24
-5.3%
8.9%
Net Margin
BARK
BARK
IBEX
IBEX
Q4 25
-8.8%
7.4%
Q3 25
-10.0%
8.0%
Q2 25
-6.8%
6.5%
Q1 25
-5.3%
7.4%
Q4 24
-9.1%
6.6%
Q3 24
-4.2%
5.8%
Q2 24
-8.6%
7.9%
Q1 24
-4.0%
8.1%
EPS (diluted)
BARK
BARK
IBEX
IBEX
Q4 25
$-0.05
$0.83
Q3 25
$-0.06
$0.82
Q2 25
$-0.04
$0.63
Q1 25
$-0.03
$0.73
Q4 24
$-0.07
$0.57
Q3 24
$-0.03
$0.43
Q2 24
$-0.06
$0.55
Q1 24
$-0.02
$0.57

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BARK
BARK
IBEX
IBEX
Cash + ST InvestmentsLiquidity on hand
$21.7M
$15.5M
Total DebtLower is stronger
$0
$594.0K
Stockholders' EquityBook value
$81.2M
$154.5M
Total Assets
$188.7M
$295.8M
Debt / EquityLower = less leverage
0.00×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BARK
BARK
IBEX
IBEX
Q4 25
$21.7M
$15.5M
Q3 25
$63.4M
$22.7M
Q2 25
$84.7M
$15.3M
Q1 25
$94.0M
$13.0M
Q4 24
$115.3M
$20.2M
Q3 24
$115.2M
$62.3M
Q2 24
$117.8M
$62.7M
Q1 24
$125.5M
$50.7M
Total Debt
BARK
BARK
IBEX
IBEX
Q4 25
$0
$594.0K
Q3 25
$726.0K
Q2 25
$796.0K
Q1 25
$42.6M
$735.0K
Q4 24
$42.5M
$695.0K
Q3 24
$40.1M
$802.0K
Q2 24
$40.0M
$867.0K
Q1 24
$39.9M
$820.0K
Stockholders' Equity
BARK
BARK
IBEX
IBEX
Q4 25
$81.2M
$154.5M
Q3 25
$86.5M
$143.6M
Q2 25
$94.0M
$134.3M
Q1 25
$99.5M
$124.2M
Q4 24
$113.0M
$108.9M
Q3 24
$123.6M
$171.1M
Q2 24
$128.1M
$165.8M
Q1 24
$139.4M
$159.3M
Total Assets
BARK
BARK
IBEX
IBEX
Q4 25
$188.7M
$295.8M
Q3 25
$248.0M
$283.9M
Q2 25
$260.0M
$273.2M
Q1 25
$260.6M
$274.7M
Q4 24
$292.2M
$272.5M
Q3 24
$301.6M
$306.3M
Q2 24
$287.7M
$293.9M
Q1 24
$298.6M
$289.6M
Debt / Equity
BARK
BARK
IBEX
IBEX
Q4 25
0.00×
0.00×
Q3 25
0.01×
Q2 25
0.01×
Q1 25
0.43×
0.01×
Q4 24
0.38×
0.01×
Q3 24
0.32×
0.00×
Q2 24
0.31×
0.01×
Q1 24
0.29×
0.01×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BARK
BARK
IBEX
IBEX
Operating Cash FlowLast quarter
$1.7M
$6.6M
Free Cash FlowOCF − Capex
$1.6M
$-5.1M
FCF MarginFCF / Revenue
1.6%
-3.1%
Capex IntensityCapex / Revenue
0.1%
7.1%
Cash ConversionOCF / Net Profit
0.54×
TTM Free Cash FlowTrailing 4 quarters
$-36.5M
$29.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BARK
BARK
IBEX
IBEX
Q4 25
$1.7M
$6.6M
Q3 25
$-18.1M
$15.7M
Q2 25
$-5.4M
$27.9M
Q1 25
$-10.3M
$8.8M
Q4 24
$-1.4M
$1.1M
Q3 24
$2.8M
$7.8M
Q2 24
$1.8M
$17.4M
Q1 24
$-1.0M
$11.4M
Free Cash Flow
BARK
BARK
IBEX
IBEX
Q4 25
$1.6M
$-5.1M
Q3 25
$-19.9M
$8.0M
Q2 25
$-6.1M
$22.8M
Q1 25
$-12.0M
$3.6M
Q4 24
$-2.0M
$-3.2M
Q3 24
$966.0K
$4.1M
Q2 24
$-251.0K
$15.2M
Q1 24
$-3.2M
$9.7M
FCF Margin
BARK
BARK
IBEX
IBEX
Q4 25
1.6%
-3.1%
Q3 25
-18.6%
5.3%
Q2 25
-6.0%
15.5%
Q1 25
-10.4%
2.5%
Q4 24
-1.6%
-2.3%
Q3 24
0.8%
3.2%
Q2 24
-0.2%
12.2%
Q1 24
-2.6%
7.7%
Capex Intensity
BARK
BARK
IBEX
IBEX
Q4 25
0.1%
7.1%
Q3 25
1.7%
5.1%
Q2 25
0.7%
3.5%
Q1 25
1.5%
3.7%
Q4 24
0.5%
3.1%
Q3 24
1.4%
2.8%
Q2 24
1.8%
1.8%
Q1 24
1.8%
1.3%
Cash Conversion
BARK
BARK
IBEX
IBEX
Q4 25
0.54×
Q3 25
1.30×
Q2 25
2.91×
Q1 25
0.84×
Q4 24
0.12×
Q3 24
1.03×
Q2 24
1.77×
Q1 24
1.11×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BARK
BARK

Toys Accessories$46.0M47%
Consumables$30.2M31%
Commerce Segment$18.9M19%
Other$3.4M3%

IBEX
IBEX

Transferred Over Time$147.1M90%
Transferred At Point In Time$17.1M10%

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