What is Ibotta's R&D?

Ibotta (IBTA) reported R&D of $14.5M in Q1 2026.

How has Ibotta's R&D changed year-over-year?

Ibotta's R&D decreased by 19.7% year-over-year, from $18.07M to $14.5M.

What is the long-term trend for Ibotta's R&D?

Over 3 years (2022 to 2025), Ibotta's R&D has grown at a 12.8% compound annual growth rate (CAGR), from $42.56M to $61.08M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Ibotta IBTA R&D

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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$742.47M-23.5%

Enterprise value$603.19M-13.6%

P/S2.2×-0.4×

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

Reported directly by Ibotta in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Ibotta’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ibotta's R&D?: Ibotta (IBTA) reported R&D of $14.5M in Q1 2026.
How has Ibotta's R&D changed year-over-year?: Ibotta's R&D decreased by 19.7% year-over-year, from $18.07M to $14.5M.
What is the long-term trend for Ibotta's R&D?: Over 3 years (2022 to 2025), Ibotta's R&D has grown at a 12.8% compound annual growth rate (CAGR), from $42.56M to $61.08M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.