What are Ibotta's profit margins?

Ibotta (IBTA) runs a 78.4% gross margin and a -2.6% operating margin, with a 22.9% net margin.

Where do Ibotta's ratios come from?

Every ratio is computed from Ibotta's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Ibotta IBTA Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	78.4%-6.2pp	79.2%-7.1pp	80.9%-6.3pp	83%-4.0pp	84.7%-2.8pp
Operating margin	-2.6%-5.1pp	-0.2%-7.8pp	3.9%-7.3pp	8.7%-0.1pp	2.5%-18.6pp
EBITDA margin	0%-4.7pp	2.2%-7.6pp	6.1%-7.0pp	11.1%+0.2pp	4.8%-18.4pp
Free cash flow margin	24.8%-6.0pp	21.9%-9.4pp	21.7%-10.0pp	27.5%+6.3pp	30.8%+19.0pp
Returns
Return on invested capital	-3.7%-15.3pp	-0.4%-39.6pp	——	——	11.6%—
Efficiency
Asset turnover	0.6×-0.2×	0.6×-0.2×	0.6×—	0.6×—	0.8×—
Liquidity
Current ratio	1.8×-0.9×	2×-0.9×	2.2×-0.5×	2.4×-0.4×	2.7×+1.0×
Quick ratio	1.8×-0.9×	2×-0.9×	2.2×-0.5×	2.4×-0.4×	2.7×+1.0×
Cash ratio	0.8×-0.7×	0.9×-0.8×	1.1×-0.5×	1.2×-0.4×	1.5×+1.1×
Leverage
Debt-to-equity	0.1×0.0×	0.1×+0.1×	0.1×—	0.1×—	0.1×-1.4×
Debt-to-assets	0.1×0.0×	0×0.0×	0×—	0×—	0×-0.2×
Net debt / EBITDA	-892.8×-877×	-21.5×-11.8×	-9.2×—	-5.5×—	-15.5×-15.3×
Interest coverage	-1×-1.6×	-0.1×-3.0×	1.1×-11.8×	2.2×—	0.6×—
Per Share
Book value per share	$10.31-14.6%	$9.56-43.9%	$11.22-0.4%	$11.64-17.0%	$12.08+677%
Valuation
Market capitalization	$744.33M-23.5%	$604.23M-69.7%	$790.91M-58.1%	$974.95M-52.5%	$1.31B—
Enterprise value	$605.06M-13.6%	$443.38M-73.0%	$593.05M—	$749.9M—	$1.04B—
Price / sales	2.2×-0.4×	1.8×-3.7×	2.2×-2.9×	2.7×-3.1×	3.5×—
Price / book	3×+0.6×	2.1×-2.3×	2.4×-2.6×	2.8×-3.0×	3.3×—
EV / EBITDA	3,866.6×+3,827×	59.3×+13.6×	27.5×—	18.4×—	59.1×—
EV / sales	1.8×-0.1×	1.3×-3.2×	1.7×—	2×—	2.8×—
Free cash flow yield	11.4%-0.4pp	12.4%+6.6pp	9.7%+3.5pp	10.4%+6.7pp	8.7%—

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Questions, answered.

What are Ibotta's profit margins?: Ibotta (IBTA) runs a 78.4% gross margin and a -2.6% operating margin, with a 22.9% net margin.
Where do Ibotta's ratios come from?: Every ratio is computed from Ibotta's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.