Ibotta, Inc. IBTA
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| 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 | 0.13 | 2.85 | 4.26 | -6.33 | — |
| EPS, diluted | 0.12 | 2.56 | 1.42 | -6.33 | — |
| Shares, diluted (wtd. avg.) | 30.1M | 26.9M | 26.9M | 8.7M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| 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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | $210.7M | $320.0M | $367.3M | $342.4M |
| Gross profit | — | $164.5M | $276.0M | $317.1M | $271.3M |
| Net income | — | -$54.9M | $38.1M | $68.7M | $3.6M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Officer or director change Item 5.02
- Results announced Item 2.02
- Officer or director change Item 5.02
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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