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Ibotta

IBTA

Ibotta operates the Ibotta Performance Network (IPN), a technology platform that delivers digital promotions and cash back rewards to consumers.

Market cap
$744.33M-23.3%
Revenue$340.3M-7.9%
Net income-$5.7M-108%
Free cash flow$84.3M-25.9%
EPS (diluted)-$0.28-112%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 12, 2026 (in 2 months)
Revenue estimate$85.0M
EPS estimate-$0.21

Financials

Q1 2026

Income statement

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Revenue$82.5M-2.5%
Gross profit$63.0M-6.6%
Operating income-$10.8M-286%
Net income-$10.3M-1,960%
EPS (diluted)-$0.43-2,250%

Balance sheet

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Cash & equivalents$164.6M-44.7%
Total debt$25.3M-1.1%
Total equity$249.0M-38.0%
Total assets$479.9M-24.9%

Cash flow

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Operating cash flow$30.4M+52.9%
CapEx$3.1M+62.0%
Free cash flow$27.3M+52.0%

Valuation & ratios

Valuation

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Market cap$744.33M-23.3%
Enterprise value$605.06M-13.4%
P/S2.2×-0.4×

Profitability

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Gross margin78.4%-6.2pp
Operating margin-2.6%-5.1pp
FCF margin24.8%-6.0pp

Returns & leverage

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Debt / equity0.1×0.0×
Current ratio1.8×-0.9×

Competitors

Profile

Ibotta operates the Ibotta Performance Network (IPN), a technology platform that delivers digital promotions and cash back rewards to consumers. The company connects consumer packaged goods (CPG) brands with shoppers through a network of third-party retail publishers and its own direct-to-consumer properties. Its core value proposition is a success-based marketing model where brands only pay when a promotion results in a verified transaction.

Competitive position

A leading provider of digital rewards and performance marketing for the CPG industry, distinguished by its large-scale white-label publisher network and item-level purchase data.

GeographiesUnited States
Customer segmentsCPG Brands, Retailers, Consumers
Business modelPerformance-based Marketing, B2B2C, Data Licensing, Marketplace
SuppliersCloud Infrastructure Providers, Affiliate Networks, Payment Processors
CustomersCPG Brands, Retail Publishers, End Consumers
Listed2024
Employees815.0
CEOBryan W. Leach
FilingsSEC EDGAR

Questions, answered.

What is Ibotta's market cap?
Ibotta (IBTA) has a market capitalization of $744.3M and trades on NYSE.
What is Ibotta's revenue and profitability?
Ibotta generated $340.3M in trailing twelve-month revenue with a net loss of $5.7M, representing a net margin of 22.9%. Gross margin stands at 78.4%, with free cash flow of $84.3M. These figures are based on the Q1 2026 filing.
Who are Ibotta's competitors?
Ibotta's key competitors include Google, Meta Platforms, Maplebear Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Ibotta partner with?
Ibotta's notable partners include Walmart Inc., Dollar General Corporation, Maplebear, Inc. (Instacart), and others.
Where is Ibotta headquartered?
Ibotta is headquartered in United States of America and employs approximately 815 people. It has been publicly traded since 2024.