What is Ibotta's net margin?

Ibotta (IBTA) reported net margin of 22.9% in Q3 2025.

How has Ibotta's net margin changed year-over-year?

Ibotta's net margin increased by 653.3% year-over-year, from 3% to 22.9%.

What is the long-term trend for Ibotta's net margin?

Over 2 years (2022 to 2024), Ibotta's net margin has grown at a -15.2% compound annual growth rate (CAGR), from -26% to 18.7%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Ibotta IBTA Net margin

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——

Other financials

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

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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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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.

net income/total revenue=22.9%

Based on trailing twelve months.

The official record: Ibotta’s 10-Q, filed November 13, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ibotta's net margin?: Ibotta (IBTA) reported net margin of 22.9% in Q3 2025.
How has Ibotta's net margin changed year-over-year?: Ibotta's net margin increased by 653.3% year-over-year, from 3% to 22.9%.
What is the long-term trend for Ibotta's net margin?: Over 2 years (2022 to 2024), Ibotta's net margin has grown at a -15.2% compound annual growth rate (CAGR), from -26% to 18.7%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.