NYSE : IBTA
Ibotta, Inc. — Financial statements
Technology · Software - Application · United States
Last price 49.4 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.14B
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Financial statements
Ibotta, Inc. (IBTA) reported revenue of 343.17M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | 343.17M | 342.39M | 367.25M | 320.04M | 210.70M |
| Cost of Revenue | 74.67M | 71.06M | 50.12M | 43.99M | 46.18M |
| Gross Profit | 268.50M | 271.33M | 317.13M | 276.05M | 164.53M |
| Selling, General & Admin | 217.04M | 205.68M | 221.95M | 166.39M | 159.23M |
| Research & Development | 56.58M | 59.87M | 62.70M | 49.83M | 41.82M |
| Operating Expenses | 278.92M | 269.46M | 288.63M | 219.88M | 204.10M |
| Operating Income | -10.42M | 1.88M | 28.50M | 56.17M | -39.58M |
| Interest Expense | -6.88M | -5.31M | |||
| Interest & Investment Income | 7.33M | 10.78M | 9.41M | ||
| Other Non Operating Income (Expenses) | 270.00K | -93.00K | -3.16M | -5.06M | -4.44M |
| EBT Excluding Unusual Items | -2.82M | 12.56M | 34.76M | 44.22M | -49.33M |
| Merger & Restructuring Charges | -300.00K | -2.20M | |||
| Gain (Loss) on Sale of Investments | -4.53M | ||||
| Asset Writedown | -1.27M | -516.00K | -574.00K | -169.00K | -737.00K |
| Other Unusual Items | -9.69M | ||||
| Pretax Income | -4.39M | 9.85M | 24.50M | 44.05M | -54.60M |
| Income Tax Expense | 6.63M | 6.27M | -44.25M | 5.93M | 262.00K |
| Net Income | -11.02M | 3.58M | 68.74M | 38.12M | -54.86M |
| Net Income to Common | -11.02M | 3.58M | 68.74M | 38.12M | -54.86M |
| Shares Outstanding (Basic) | 25.41M | 28.37M | 24.12M | 8.95M | 8.67M |
| Shares Outstanding (Diluted) | 25.41M | 30.10M | 26.86M | 26.92M | 8.67M |
| EPS (Basic) | -0.43 | 0.13 | 2.85 | 4.26 | -6.33 |
| EPS (Diluted) | -0.44 | 0.12 | 2.56 | 1.42 | -6.33 |
| Free Cash Flow | 74.46M | 74.98M | 115.05M | 22.17M | -57.28M |
| Free Cash Flow Per Share | 2.93 | 2.49 | 4.28 | 0.82 | -6.61 |
| Gross Margin | 78.24% | 79.25% | 86.35% | 86.25% | 78.09% |
| Operating Margin | -3.04% | 0.55% | 7.76% | 17.55% | -18.78% |
| Profit Margin | -3.21% | 1.04% | 18.72% | 11.91% | -26.04% |
| Free Cash Flow Margin | 21.70% | 21.90% | 31.33% | 6.93% | -27.19% |
| EBITDA | -7.26M | 3.60M | 30.78M | 59.03M | -36.66M |
| EBITDA Margin | -2.12% | 1.05% | 8.38% | 18.45% | -17.40% |
| D&A For EBITDA | 3.15M | 1.72M | 2.28M | 2.86M | 2.92M |
| EBIT | -10.42M | 1.88M | 28.50M | 56.17M | -39.58M |
| EBIT Margin | -3.04% | 0.55% | 7.76% | 17.55% | -18.78% |
| Effective Tax Rate | 63.70% | 13.47% | |||
| Advertising Expenses | 28.30M | 31.40M | 24.70M | 29.60M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 148.17M | 186.61M | 349.28M | 62.59M | 17.82M |
| Short-Term Investments | 27.68M | ||||
| Cash & Short-Term Investments | 148.17M | 186.61M | 349.28M | 62.59M | 45.50M |
| Receivables | 203.39M | 209.23M | 220.88M | 226.44M | 121.56M |
| Prepaid Expenses | 14.07M | 12.08M | 10.34M | 8.39M | 6.55M |
| Restricted Cash | 408.00K | ||||
| Other Current Assets | 831.00K | 922.00K | 847.00K | ||
| Total Current Assets | 365.63M | 407.93M | 581.74M | 298.34M | 174.46M |
| Property, Plant & Equipment | 32.97M | 33.34M | 1.95M | 3.37M | 5.56M |
| Long-Term Investments | 4.53M | 4.53M | 4.53M | 4.53M | 4.53M |
| Other Intangible Assets | 27.96M | 24.19M | 16.20M | 12.84M | 1.52M |
| Long-Term Deferred Tax Assets | 53.49M | 54.85M | 73.21M | ||
| Long-Term Deferred Charges | 8.75M | ||||
| Other Long-Term Assets | 810.00K | 1.08M | 794.00K | 699.00K | 263.00K |
| Total Assets | 485.40M | 525.91M | 678.43M | 319.79M | 195.08M |
| Accounts Payable | 7.31M | 10.84M | 7.16M | 8.94M | 5.86M |
| Accrued Expenses | 19.34M | 19.61M | 17.96M | 24.58M | 19.13M |
| Current Portion of Leases | 268.00K | 1.55M | 1.75M | 1.62M | |
| Current Unearned Revenue | 2.60M | 2.94M | 4.96M | 2.63M | 3.05M |
| Other Current Liabilities | 184.22M | 174.10M | 172.53M | 160.25M | 114.23M |
| Total Current Liabilities | 213.47M | 207.76M | 204.16M | 198.15M | 143.90M |
| Long-Term Debt | 64.45M | 61.05M | |||
| Long-Term Leases | 25.13M | 25.50M | 1.55M | 3.30M | |
| Other Long-Term Liabilities | 5.22M | 5.00M | 16.98M | 27.71M | 21.62M |
| Total Liabilities | 243.83M | 238.26M | 221.15M | 291.86M | 229.87M |
| Additional Paid-In Capital | 725.95M | 692.10M | 629.05M | 237.12M | 212.64M |
| Retained Earnings | -148.42M | -136.87M | -140.45M | -209.19M | -247.31M |
| Treasury Stock | -335.95M | -267.57M | -31.32M | ||
| Comprehensive Income & Other | -126.00K | ||||
| Shareholders' Equity | 241.57M | 287.65M | 457.28M | 27.93M | -34.79M |
| Total Liabilities & Equity | 485.40M | 525.91M | 678.43M | 319.79M | 195.08M |
| Total Debt | 25.13M | 25.77M | 1.55M | 67.75M | 65.98M |
| Net Cash (Debt) | 123.04M | 160.84M | 347.73M | -5.16M | -20.48M |
| Net Cash Per Share | 4.84 | 5.34 | 12.95 | -0.19 | -2.36 |
| Filing Date Shares Outstanding | 23.17M | 24.35M | 31.02M | 9.21M | 8.79M |
| Total Common Shares Outstanding | 23.26M | 25.18M | 30.95M | 9.21M | 8.79M |
| Working Capital | 152.17M | 200.16M | 377.58M | 100.19M | 30.56M |
| Book Value Per Share | 10.39 | 11.42 | 14.77 | 3.03 | -3.96 |
| Tangible Book Value | 213.61M | 263.46M | 441.08M | 15.08M | -36.31M |
| Tangible Book Value Per Share | 9.18 | 10.46 | 14.25 | 1.64 | -4.13 |
| Machinery | 8.77M | 5.77M | 5.59M | 7.99M | |
| Leasehold Improvements | 17.14M | 5.86M | 5.86M | 5.86M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Net Income | -11.02M | 3.58M | 68.74M | 38.12M | -54.86M |
| Depreciation & Amortization | 3.15M | 1.72M | 2.28M | 2.86M | 2.92M |
| Other Amortization | 6.95M | 6.75M | 6.86M | 7.11M | 5.97M |
| Asset Writedown & Restructuring Costs | 1.27M | 516.00K | 574.00K | 169.00K | 737.00K |
| Loss (Gain) From Sale of Investments | 4.53M | ||||
| Stock-Based Compensation | 57.24M | 52.91M | 76.22M | 20.17M | 6.50M |
| Provision & Write-off of Bad Debts | 1.66M | 1.96M | 1.22M | 828.00K | 580.00K |
| Other Operating Activities | 5.79M | 3.18M | -40.82M | 5.06M | 3.91M |
| Change in Accounts Receivable | 3.95M | 10.24M | 4.40M | -105.71M | -34.51M |
| Change in Accounts Payable | -1.50M | 355.00K | -911.00K | 1.82M | -4.53M |
| Change in Unearned Revenue | -2.55M | -2.03M | 2.34M | -423.00K | 398.00K |
| Change in Other Net Operating Assets | 28.24M | 16.10M | -4.96M | 52.71M | 11.86M |
| Operating Cash Flow | 93.19M | 95.27M | 115.92M | 22.72M | -56.50M |
| Capital Expenditures | -18.73M | -20.29M | -871.00K | -548.00K | -785.00K |
| Sale (Purchase) of Intangibles | -15.90M | -14.01M | -9.33M | -7.68M | -7.48M |
| Investment in Securities | 27.90M | -27.41M | |||
| Investing Cash Flow | -34.60M | -34.30M | -10.20M | 19.67M | -35.68M |
| Long-Term Debt Issued | 78.50M | ||||
| Long-Term Debt Repaid | -5.17M | ||||
| Net Debt Issued (Repaid) | 73.33M | ||||
| Issuance of Common Stock | 7.03M | 12.34M | 222.96M | 3.05M | 1.14M |
| Repurchase of Common Stock | -168.05M | -236.39M | -34.64M | ||
| Other Financing Activities | -2.00K | -6.93M | -664.00K | -430.00K | |
| Financing Cash Flow | -161.03M | -224.05M | 181.38M | 2.38M | 74.05M |
| Net Cash Flow | -102.43M | -163.08M | 287.10M | 44.77M | -18.13M |
| Free Cash Flow | 74.46M | 74.98M | 115.05M | 22.17M | -57.28M |
| Free Cash Flow Margin | 21.70% | 21.90% | 31.33% | 6.93% | -27.19% |
| Free Cash Flow Per Share | 2.93 | 2.49 | 4.28 | 0.82 | -6.61 |
| Levered Free Cash Flow | 50.91M | 44.27M | 102.47M | 47.50K | |
| Unlevered Free Cash Flow | 50.75M | 44.12M | 101.42M | 1.04M | |
| Cash Interest Paid | 301.00K | 247.00K | 2.58M | 5.49M | 3.52M |
| Cash Income Tax Paid | 1.53M | 5.15M | 13.21M | 4.11M | 71.00K |
| Change in Working Capital | 28.14M | 24.67M | 858.00K | -51.60M | -26.78M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Market Capitalization | 1.13B | 604.23M | 1.99B | ||
| Enterprise Value | 1.00B | 406.43M | 1.65B | ||
| Last Close Price | 48.62 | 22.73 | 65.08 | ||
| PE Ratio | 169.01 | 29.00 | |||
| Forward PE | 23.50 | 30.82 | |||
| PS Ratio | 3.28 | 1.76 | 5.43 | ||
| PB Ratio | 4.68 | 2.10 | 4.36 | ||
| P/TBV Ratio | 5.27 | 2.29 | 4.52 | ||
| P/FCF Ratio | 15.13 | 8.06 | 17.33 | ||
| P/OCF Ratio | 12.09 | 6.34 | 17.20 | ||
| PEG Ratio | 1.88 | 0.85 | |||
| EV/Sales Ratio | 2.92 | 1.19 | 4.50 | ||
| EV/EBITDA Ratio | 113.06 | 53.74 | |||
| EV/EBIT Ratio | 216.76 | 58.04 | |||
| EV/FCF Ratio | 13.48 | 5.42 | 14.38 | ||
| Debt / Equity Ratio | 0.10 | 0.09 | 0.00 | 2.43 | -1.90 |
| Debt / EBITDA Ratio | 3.30 | 0.05 | 1.10 | ||
| Debt / FCF Ratio | 0.34 | 0.34 | 0.01 | 3.06 | |
| Net Debt / Equity Ratio | -0.51 | -0.56 | -0.76 | 0.18 | -0.59 |
| Net Debt / EBITDA Ratio | 16.94 | -44.74 | -11.30 | 0.09 | -0.56 |
| Net Debt / FCF Ratio | -1.65 | -2.15 | -3.02 | 0.23 | -0.36 |
| Asset Turnover | 0.63 | 0.57 | 0.74 | 1.24 | |
| Quick Ratio | 1.65 | 1.91 | 2.79 | 1.46 | 1.16 |
| Current Ratio | 1.71 | 1.96 | 2.85 | 1.51 | 1.21 |
| Return on Equity (ROE) | -3.70% | 0.96% | 28.34% | ||
| Return on Assets (ROA) | -1.20% | 0.19% | 3.57% | 13.64% | |
| Return on Invested Capital (ROIC) | -9.13% | 0.58% | 39.96% | 115.35% | -77.32% |
| Return on Capital Employed (ROCE) | -3.80% | 0.60% | 6.00% | 46.20% | -77.30% |
| Earnings Yield | -0.91% | 0.59% | 3.45% | ||
| FCF Yield | 6.61% | 12.41% | 5.77% | ||
| Buyback Yield / Dilution | 25.33% | -12.06% | 0.22% | -210.43% |