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Ibotta IBTA Gross Profit

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Other financials

Income statement

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Revenue$82.5M-2.5%
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

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Market cap$724.54M-3.3%
Enterprise value$585.27M+10.3%
P/S2.1×+0.1×

Profitability

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Gross margin78.4%-6.2pp
Operating margin-2.6%-5.1pp
Net margin22.9%+19.9pp
FCF margin24.8%-6.0pp

Returns & leverage

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Return on equity22.8%+16.9pp
Debt / equity0.1×0.0×
Current ratio1.8×-0.9×

Where this comes from

Calculated from Ibotta’s reported figures.

The source filing: Ibotta’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 5:18 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-031458
Line itemThree months ended March 31, 2026Three months ended March 31, 2025
Revenue$82,483$84,574
Cost of revenue19,45017,092
Gross profit63,03367,482
Operating expenses:
Sales and marketing34,04829,858
Research and development14,50218,069
General and administrative23,76021,386
Depreciation and amortization1,555972

Item 1. Financial Statements

FAQ

What is Ibotta's gross profit?
Ibotta (IBTA) reported gross profit of $63.03M in Q1 2026.
How has Ibotta's gross profit changed year-over-year?
Ibotta's gross profit decreased by 6.6% year-over-year, from $67.48M to $63.03M.
What is the long-term trend for Ibotta's gross profit?
Over 3 years (2022 to 2025), Ibotta's gross profit has grown at a 18.1% compound annual growth rate (CAGR), from $164.53M to $271.33M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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