Ibotta, Inc. IBTA

Technology SIC 7310 - Services-Advertising NYSE

Ibotta's mission is to Make Every Purchase Rewarding. We accomplish this mission by delivering digital promotions to consumers through the Ibotta Performance Network (IPN). We source digital promotions from our clients, which are primarily consumer packaged goods (CPG) brands, and distribute these promotions to consumers via our network of publishers, which is enabled by our technology platform. We have strategic relationships with Walmart Inc. (Walmart), Dollar General Corporation (Dollar General), Family Dollar Stores, Inc. (Family Dollar), Maplebear, Inc. (Instacart), and DoorDash, Inc. (DoorDash), among others, who are third-party publishers on the IPN and use our content to power their digital offer programs on a white-label basis. We also host offers on Ibotta's direct-to-consumer properties, which include the Ibotta-branded cash back mobile app, website, and browser extension (collectively, direct-to-consumer (D2C), which is part of the IPN). Within D2C, we also partner with affiliate networks to access offers from certain retailer advertisers so consumers can earn cash back on a percentage of their total basket spend at those retailers.

Last close 38.39 2026-09-04
Market cap $893.7M estimated share count
52-week range 19.10 - 40.48

Valuation FY2025 figures against the last close

P/S2.6x
P/E319.9x
P/FCF11.9x
EV/EBITDA94.5x
Dividend yield
Diluted EPS0.12

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021
Revenue $342.4M$367.3M$320.0M$210.7M
Cost of revenue $71.1M$50.1M$44.0M$46.2M
Gross profit $271.3M$317.1M$276.0M$164.5M
R&D $61.1M$63.3M$50.0M$42.6M
SG&A $88.2M$82.7M$51.6M$49.2M
Total operating expenses $272.2M$289.2M$220.0M$204.8M
Operating income -$841.0K$27.9M$56.0M-$40.3M
Pre-tax income $9.8M$24.5M$44.1M-$54.6M
Income tax $6.3M$44.2M$5.9M$262.0K
Net income $3.6M$68.7M$38.1M-$54.9M
EPS, basic 0.132.854.26-6.33
EPS, diluted 0.122.561.42-6.33
Shares, diluted (wtd. avg.) $30.1M$26.9M$26.9M$8.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021
Cash and equivalents $186.6M$349.3M$62.6M$17.8M$35.9M
Receivables $208.7M$220.9M$226.4M
Total current assets $407.9M$581.7M$298.3M
Property, plant and equipment $23.4M$2.0M$2.5M
Total assets $525.9M$678.4M$319.8M
Accounts payable $10.8M$7.2M$8.9M
Total current liabilities $207.8M$204.2M$198.2M
Long-term debt $0$0$64.4M
Total liabilities $238.3M$221.1M$291.9M
Retained earnings -$136.9M-$140.4M-$209.2M
Total equity $287.7M$457.3M$27.9M-$34.8M$10.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021
Operating cash flow $95.3M$115.9M$22.7M-$56.5M
Depreciation and amortisation $8.3M$8.1M$6.7M$6.3M
Stock-based compensation $44.1M$46.9M$7.0M$6.5M
Capital expenditure $20.3M$871.0K$548.0K$785.0K
Investing cash flow -$34.3M-$10.2M$19.7M-$35.7M
Financing cash flow -$224.0M$181.4M$2.4M$74.0M
Buybacks $233.0M$31.3M$0$25.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-024105.

Others in SIC 7310

TickerCompanyMarket capP/ERevenue growth
CCO Clear Channel Outdoor Holdings, Inc. $1.21B 59.5x 13.1%
MNTN MNTN, Inc. $957.3M 28.6%
NCMI National CineMedia, Inc. $233.3M 1.0%
ANGI Angi Inc. $198.2M 5.2x -13.0%
FLNT Fluent, Inc. $99.6M -18.0%
THRY Thryv Holdings, Inc. $92.4M 208.0x -4.7%
TZOO TRAVELZOO $63.8M 15.2x 9.3%
IZEA IZEA Worldwide, Inc. $52.1M -12.9%