undamentalytics Newsletter
Sign in

Ibotta, Inc. (IBTA) stock

Add to watchlist

Add holding +

NYSE: IBTA NYSE Interactive Media & Services Next results ~February 1, 2027

C+ Fundamentals grade

Ibotta, Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$39

Cash-flow model

Base case. Range ~$31–$51 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 28% above our base value.

Price used: $50.07, November 2, 2026

Ibotta, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 5 selling1 purchase and 133 sales by directors and officers, last 12 monthsInsider trades
  • Funds64 adding, 59 cuttingOf 27 active managers that changed their stake, 15 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Ibotta files

Where Ibotta stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $343m, down 6.6% on a year earlier, a smaller fall than the 7.9% decline a quarter earlier. Free-cash-flow margin fell to 21.7% from 27.5% a year earlier. Operating margin narrowed to -3.5% from 8.7%. The diluted share count is down 11.0% on a year earlier, which lifts each remaining share. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $37.24 a share, against a share price of $48.74.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 1, 2027 (estimated)

Ibotta, Inc.'s trailing-twelve-month revenue fell 6.6% year on year, with a free-cash-flow margin of 21.7%. Where it stands out: long-term debt as % of assets of 0.0% ranks 1 of 32 interactive media & services companies we cover. Where it lags: days sales outstanding of 216 days ranks 53 of 54 interactive media & services companies we cover.

Our discounted-cash-flow model values the business at ~$39 per share in the base case (~$31–$51 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Gross margin compressing: TTM gross margin fell to 78.2%, down 4.8pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Strong cash generation. 21.7% of revenue turned into free cash flow, against a median of 8.9% for interactive media & services companies we cover.
  • Shrinking share count. Diluted shares fell 11.0% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.1bn.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 9.7% over 90 days.

Things to watch

  • Priced above our value. The share price of $50.07 is 22% above our value per share of $39.
  • Revenue shrinking. Revenue fell 6.6% over the last 12 months.
  • Loss-making. Operating margin is -3.5%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 12.2 points on a year ago.
  • Heavy stock-based pay. Stock pay equals 15.4% of revenue, against a median of 3.9% for interactive media & services companies we cover: a real cost that cash-flow figures leave out.
  • Volatile shares. Over the past year the shares showed annualised volatility of 82% and a beta of 1.2 against the S&P 500.

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
$0.62 against an average estimate of $0.44: beat by 40.5%
Revenue
$89m, up 3.3% on a year earlier
Share reaction
+55.6% in the first session after the results on August 3, 2026, against +3.3% for the S&P 500
Guidance given
revenue $86m to $90m (Third quarter 2026); adjusted EBITDA $12m to $14m (Third quarter 2026)
Next report
November 2, 2026; average EPS estimate $0.45

Ibotta's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.0%
  • 1 week+2.9%
  • 1 month+20.3%
  • This year+120.3%
  • 1 year+55.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$343M
Operating margin
-3.5%
Net margin
-3.2%
EPS (TTM, diluted)
$-0.42

Growth

Revenue growth
−6.6%
Change in growth rate
+1.3 pts
Share count change
−11.0%

Cash

Free cash flow (TTM)
$74.5M
FCF margin
21.7%
Stock pay % of revenue
15.4%

Earnings

Last results
November 2, 2026
Next results (est.)
February 1, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Insider trade
  3. Insider trade
  4. Leadership
  5. Results
  6. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Ibotta, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 19.4% a year of cash-flow growth for five years.

  • Priced in19.4%
  • Last 12 months-6.6%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($60.70, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$39
Price used
$60.70close November 3, 2026
Implied change
▼ 35%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Ibotta, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($28.8M, FY2026 Q2 TTM), growing 5.4% and 3.7% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$31–~$51 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Ibotta, Inc.'s free cash flow after stock-based pay ( $28.8M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Ibotta, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.98 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$39 ~$31–$51 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$18 ~$15–$29 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$8.6 ~$5.6–$13 Left out: out of range vs price (0.17x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$8.2 ~$7.1–$9.7 Left out: out of range vs price (0.16x)
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$32 ~$18–$39 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Ibotta, Inc. with Interactive Media & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −22%
  • Revenue growth 5 points higher ▲ +30%
  • Free-cash-flow margin 1 point lower ▼ −4%
  • Last year's free-cash-flow margin change, if it persists ▼ −19%
  • Discount rate 1 point higher ▼ −13%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $24$31$39$50$65$84
8.5% $20$25$31$39$49$62
10% $18$21$26$32$40$50

Valuation multiples over time Market data may be delayed

At fiscal year end 20242025Now
Share price$65.08$22.73$50.07
Market value$1.7bn$684m$1.3bn
+ Net debt (− = net cash)−$349m−$187m−$148m
Enterprise value$1.4bn$498m$1.2bn
Multiples
Price / sales 4.8x2.0x3.8x
Price / earnings 25.4x191.4x—
Price / free cash flow 15.2x9.1x17.5x
EV / EBITDA 38.9x66.5x—

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.59 −7% $353m +3%
Next $1.88 +18% $385m +9%

Next year's EPS estimate has moved +9.7% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +8.1% on 90 days ago. In the last 30 days, 2 analysts raised Ibotta, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Ibotta, Inc., last 90 days
$1.40 $1.60 $1.80 $2.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.48 Current fiscal year, 60 days ago: $1.59 Current fiscal year, 30 days ago: $1.59 Current fiscal year, 7 days ago: $1.59 Current fiscal year, Now: $1.59 $1.59 Next fiscal year, 90 days ago: $1.72 Next fiscal year, 60 days ago: $1.88 Next fiscal year, 30 days ago: $1.88 Next fiscal year, 7 days ago: $1.88 Next fiscal year, Now: $1.88 $1.88

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.48$1.72
60 days ago $1.59$1.88
30 days ago $1.59$1.88
7 days ago $1.59$1.88
Now $1.59$1.88

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.44 $0.62 +40.5%
Jun 2026 $0.37 $0.46 +24.2%
Mar 2026 $0.26 $0.24 −6.6%
Dec 2025 $0.35 $0.29 −17.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 3, 2026
  • Revenue Third quarter 2026 $86m to $90m
    “Revenue of $86 - $90 million, a year-over-year increase of 6% at the midpoint.” source
  • Adjusted EBITDA Third quarter 2026 $12m to $14m Non-GAAP
    “Adjusted EBITDA of $12 - $14 million, representing a margin of 14.8% at the midpoint.” source
  • Adjusted EBITDA margin Third quarter 2026 about 14.8% Non-GAAP
    “Adjusted EBITDA of $12 - $14 million, representing a margin of 14.8% at the midpoint.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Ibotta, Inc.'s revenue by +5.4% next year and +3.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+7.6%, weight 46%) , management guidance (+5.7%, weight 23%) and the company's own record (+2.0%, weight 31%) . How the weights are set.

Analyst recommendations

9 analysts, Nov 2026
Buy111%
Hold667%
Sell222%

Monthly trend

  1. Nov 202616119
  2. Oct 202616119
  3. Sep 202616119

Counts of recommendations published by analysts covering Ibotta, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
26.2%
of tradable shares
Days to cover
11.2
at average volume
Short interest, 1 month
−13%
to October 15, 2026
Held by institutions
50%
of shares
Held by insiders
49.1%
of shares
Employees
800
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +55.2%

$32.26 on October 31, 2025 to $50.07

ThenNowEffect
Revenue (last 12 months) $368m $343m −6.6%
P/S multiple 2.6x 3.8x +47.9%
Share count 29m 26m +12.4%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20252026 to date
Return
IBTA−65%+120%
Industry peers (median)−7%−27%
S&P 500+18%+11%
Months that ended higher
IBTA50%64%
S&P 50075%46%
Largest fall from a high during the year
IBTA−72%−35%
S&P 500−19%−9%

Worst fall since April 19, 2024: 83% from April 23, 2024 to February 5, 2026. Getting back needed a 471% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$19.25 – $50.07
From 52-week high
0.0%
vs 50-day average
+17.9%
vs 200-day average
+51.8%
Volatility (1 year)
82%
Beta vs S&P 500
1.21

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 7 down
typical move ±24.8%
After a week
3 up, 7 down
typical move ±22.4%
After a month
2 up, 8 down
typical move ±24.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 3, 2026 +55.6% +3.3% +50.8% +55.3%
May 6, 2026 −0.2% +1.1% −12.3% −10.9%
February 25, 2026 +28.2% +0.3% +16.7% +43.1%
November 12, 2025 −19.7% −1.6% −21.6% −31.2%
August 13, 2025 −28.2% +0.4% −16.6% −19.1%
May 14, 2025 +20.6% +0.6% +5.8% −16.6%
February 26, 2025 −47.2% −1.5% −45.6% −31.0%
November 13, 2024 −14.3% −0.6% −17.1% −3.7%
August 13, 2024 −24.9% +2.0% −10.5% −1.1%
May 30, 2024 −8.9% +0.2% −27.0% −32.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Ibotta, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Ibotta, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Ibotta, Inc.
$320M $340M $360M $380M FY23 Q4 FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Revenue (TTM), FY23 Q4: $320M Revenue (TTM), FY24 Q1: $344.7M Revenue (TTM), FY24 Q2: $355.2M Revenue (TTM), FY24 Q3: $368.5M Revenue (TTM), FY24 Q4: $367.3M Revenue (TTM), FY25 Q1: $369.5M Revenue (TTM), FY25 Q2: $367.6M Revenue (TTM), FY25 Q3: $352.2M Revenue (TTM), FY25 Q4: $342.4M Revenue (TTM), FY26 Q1: $340.3M Revenue (TTM), FY26 Q2: $343.2M $343.2M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $320M
FY24 Q1 $344.7M
FY24 Q2 $355.2M
FY24 Q3 $368.5M
FY24 Q4 $367.3M
FY25 Q1 $369.5M
FY25 Q2 $367.6M
FY25 Q3 $352.2M
FY25 Q4 $342.4M
FY26 Q1 $340.3M
FY26 Q2 $343.2M
Revenue growth, TTM YoY Ibotta, Inc.
-10% 0% 10% 20% FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Revenue growth, TTM YoY, FY24 Q4: 14.8% Revenue growth, TTM YoY, FY25 Q1: 7.2% Revenue growth, TTM YoY, FY25 Q2: 3.5% Revenue growth, TTM YoY, FY25 Q3: -4.4% Revenue growth, TTM YoY, FY25 Q4: -6.8% Revenue growth, TTM YoY, FY26 Q1: -7.9% Revenue growth, TTM YoY, FY26 Q2: -6.6% -6.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q4 14.8%
FY25 Q1 7.2%
FY25 Q2 3.5%
FY25 Q3 -4.4%
FY25 Q4 -6.8%
FY26 Q1 -7.9%
FY26 Q2 -6.6%
Operating margin (TTM) Ibotta, Inc.
-10% 0% 10% 20% 30% FY23 Q4 FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Operating margin (TTM), FY23 Q4: 17.5% Operating margin (TTM), FY24 Q1: 21.1% Operating margin (TTM), FY24 Q2: 8.8% Operating margin (TTM), FY24 Q3: 11.2% Operating margin (TTM), FY24 Q4: 7.6% Operating margin (TTM), FY25 Q1: 2.5% Operating margin (TTM), FY25 Q2: 8.7% Operating margin (TTM), FY25 Q3: 3.9% Operating margin (TTM), FY25 Q4: -0.2% Operating margin (TTM), FY26 Q1: -2.6% Operating margin (TTM), FY26 Q2: -3.5% -3.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 17.5%
FY24 Q1 21.1%
FY24 Q2 8.8%
FY24 Q3 11.2%
FY24 Q4 7.6%
FY25 Q1 2.5%
FY25 Q2 8.7%
FY25 Q3 3.9%
FY25 Q4 -0.2%
FY26 Q1 -2.6%
FY26 Q2 -3.5%
FCF margin (TTM) Ibotta, Inc.
0% 10% 20% 30% 40% FY23 Q4 FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 FCF margin (TTM), FY23 Q4: 6.9% FCF margin (TTM), FY24 Q1: 11.2% FCF margin (TTM), FY24 Q2: 21.2% FCF margin (TTM), FY24 Q3: 31.7% FCF margin (TTM), FY24 Q4: 31.3% FCF margin (TTM), FY25 Q1: 30.8% FCF margin (TTM), FY25 Q2: 27.5% FCF margin (TTM), FY25 Q3: 21.7% FCF margin (TTM), FY25 Q4: 21.9% FCF margin (TTM), FY26 Q1: 24.8% FCF margin (TTM), FY26 Q2: 21.7% 21.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 6.9%
FY24 Q1 11.2%
FY24 Q2 21.2%
FY24 Q3 31.7%
FY24 Q4 31.3%
FY25 Q1 30.8%
FY25 Q2 27.5%
FY25 Q3 21.7%
FY25 Q4 21.9%
FY26 Q1 24.8%
FY26 Q2 21.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 211 320 367 342 343
Gross profit 165 276 317 271 269
EBITDA −34 63 36 7 −2
Operating income −40 56 28 −1 −12
Net income −55 38 69 4 −11
Diluted EPS −$2.11 $1.42 $2.56 $0.12 −$0.42
Growth (year on year)
Revenue — +51.9% +14.8% −6.8% −6.6%
EBITDA — — −42.5% −79.2% −105.0%
Operating income — — −50.1% −103.0% −137.3%
Net income — — +80.3% −94.8% −111.4%
Diluted EPS — — +80.3% −95.3% −112.8%
Margins
Gross margin 78.1% 86.3% 86.4% 79.2% 78.2%
EBITDA margin −16.1% 19.6% 9.8% 2.2% −0.6%
Operating margin −19.1% 17.5% 7.6% −0.2% −3.5%
Net margin −26.0% 11.9% 18.7% 1.0% −3.2%
Free-cash-flow margin −27.2% 6.9% 31.3% 21.9% 21.7%
Cash flow
Cash from operations −56 23 116 95 93
Capital spending 1 1 1 20 19
Free cash flow −57 22 115 75 74
Stock-based pay 7 7 47 44 53
Free cash flow after stock pay −64 15 68 31 22
Balance sheet
Cash 18 63 349 187 148
Total debt 0 75 0 0 0
Net debt (negative = net cash) −18 13 −349 −187 −148
Diluted shares 26m 27m 27m 30m 26m
Returned to shareholders
Buybacks 0 0 31 233 164
Total returned 0 0 31 233 164

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $485m
Short-term assets $366mLonger-term assets $120m
What it owes, and who funded it · $485m
Short-term liabilities $213mLonger-term liabilities $30mShareholders' equity $242m
  • Short-term assets cover short-term liabilities $366m of assets due within a year against $213m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $366m short-term assets against $30m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Ibotta, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$164M
Returned to shareholders
220%
of free cash flow
Buybacks, last 3 fiscal years
$264M
Diluted share count
−11.0%
year over year
Total shareholder yield
14.0%
dividends 0.0% + buybacks 14.0% of market value
R&D spending
16.9%
of revenue
Days sales outstanding
216 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in interactive media & services
Last 12 months unless stated IBTA YALA SCOR MKTW ZH SMWB Median
Revenue, last 12 months $343m $342m $347m $318m $383m $283m $615m
Revenue growth, last 12 months −6.6% 0.7% −3.2% −11.3% −23.5% 13.1% 2.4%
Revenue growth, 3-year average — — −2.7% −12.7% — — 5.0%
Revenue growth, latest quarter 3.3% — −11.3% −5.2% — — 2.4%
Gross margin 78.2% 67.3% 38.9% 86.2% 59.9% 79.5% 60.4%
Operating margin −3.5% 35.7% −2.4% 8.1% −18.5% −8.3% 0.3%
Operating margin, 3-year average 4.7% — −8.8% 14.2% — — −0.4%
Net margin −3.2% 43.3% −5.1% 0.7% −7.0% −11.7% 3.8%
Cash from operations / revenue 27.2% 40.2% 6.0% 14.7% −13.2% 5.2% 11.4%
Free-cash-flow margin 21.7% 39.6% 5.7% 14.4% −13.3% 4.7% 7.5%
Free-cash-flow margin, 3-year average 23.5% — 5.5% 7.2% — — 7.2%
Stock pay / revenue 15.4% 3.0% 0.3% 3.3% 3.2% 7.5% 3.7%
Change in share count −11.0% −1.7% 103.3% 19.6% −12.3% 4.9% 2.0%

Median of all 63 companies we cover in interactive media & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

63 interactive media & services companies
Measure Company Peer median Rank
Revenue growth Growth -6.6% 2.4% 50 of 63
Change in growth rate Growth +1.3pp -0.2pp 26 of 63
Gross margin Profitability 78.2% 60.9% 15 of 54
Operating margin Profitability -3.5% 0.3% 35 of 63
Net margin Profitability -3.2% 3.8% 37 of 63
Free-cash-flow margin Cash generation 21.7% 8.9% 14 of 59
Stock pay as % of revenue Cash generation 15.4% 3.9% 51 of 61
Long-term debt as % of assets Balance sheet 0.0% 16.9% 1 of 32
Change in share count Balance sheet -11.0% 1.7% 8 of 55
Days sales outstanding Balance sheet 216 days 49 days 53 of 54

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Redemption Revenue $297M ▼ 3.8%
Ad Other Revenue $45.2M ▼ 22.7%
Breakage $9.6M ▼ 35.6%

These categories overlap or exclude eliminations, so shares aren't shown.

From Ibotta, Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$478M
Institutions reporting
146
Shares held vs prior quarter
▼ 1.7%
Positions opened / closed
26 / 12

Top buyers and sellers, Q2 2026: 64 institutions bought and 59 sold ; the biggest buyer was American Century Companies Inc (+150K shares) and the biggest seller HRT Financial LP (−127K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Koch, Inc. $150M 4.4M 31.4% 0.0%
D. E. Shaw & Co., Inc. $57.7M 1.7M 12.1% 0.0%
HSBC Holdings PLC $35.7M 1.0M 7.5% ▲ 0.7%
Blackrock, Inc. $32M 937K 6.7% ▼ 2.6%
Citigroup Inc $22M 645K 4.6% ▲ 0.7%
Vanguard Capital Management LLC $18.1M 529K 3.8% ▲ 1.8%
Notable Capital Management, L.L.C. $11.5M 336K 2.4% ▼ 8.4%
BNP Paribas Financial Markets $11.4M 333K 2.4% ▲ 1.8%
Geode Capital Management, LLC $9.5M 278K 2.0% ▼ 6.4%
State Street Corp $9.3M 272K 1.9% ▼ 4.2%
Renaissance Technologies LLC $7.6M 223K 1.6% ▼ 6.8%
Bank Of America Corp $6.9M 201K 1.4% ▼ 15.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Ibotta, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 1 trade by 1 insider, last 12 months Insider sales History → $42.5M 133 trades by 5 insiders · 48% under pre-set plans
Net ▼ $42.5M net selling
Insider Date Trade Shares Price Value
Swanson Luke Roy CHIEF TECHNOLOGY OFFICER October 22, 2026 Sell pre-set plan 3,484 $49.96 $174,056
Swanson Luke Roy CHIEF TECHNOLOGY OFFICER October 22, 2026 Sell pre-set plan 3,695 $49.97 $184,654
Daspit Marisa CHIEF PEOPLE OFFICER October 22, 2026 Sell pre-set plan 499 $50.15 $25,027
Swanson Luke Roy CHIEF TECHNOLOGY OFFICER October 21, 2026 Sell pre-set plan 9,075 $49.91 $452,964
Swanson Luke Roy CHIEF TECHNOLOGY OFFICER October 21, 2026 Sell pre-set plan 8,764 $49.92 $437,502
Daspit Marisa CHIEF PEOPLE OFFICER October 21, 2026 Sell pre-set plan 247 $50.00 $12,350
Leach Bryan CEO AND PRESIDENT October 21, 2026 Sell pre-set plan 5,231 $49.65 $259,711
Leach Bryan CEO AND PRESIDENT October 21, 2026 Sell pre-set plan 1,299 $48.47 $62,958
Leach Bryan CEO AND PRESIDENT October 21, 2026 Sell pre-set plan 43 $50.04 $2,152
Leach Bryan CEO AND PRESIDENT October 21, 2026 Sell pre-set plan 5,303 $49.64 $263,249
Leach Bryan CEO AND PRESIDENT October 21, 2026 Sell pre-set plan 1,227 $48.43 $59,420
Leach Bryan CEO AND PRESIDENT October 21, 2026 Sell pre-set plan 247 $50.04 $12,360

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 1, 2027 estimated from the company's past filing pattern, not announced

  • November 2, 2026
  • August 3, 2026
  • May 6, 2026
  • February 25, 2026
  • November 12, 2025
  • August 13, 2025

Recent SEC filings

Data status

When each part of this page on Ibotta, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Ibotta, Inc. in brief

What does Ibotta, Inc. do?
Ibotta, Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.
What is Ibotta, Inc.'s stock ticker?
Ibotta, Inc. trades under the ticker IBTA on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Ibotta, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Ibotta, Inc. reported revenue of $343M, 6.6% lower than a year earlier, according to its SEC filings.
What is Ibotta, Inc.'s free cash flow?
Ibotta, Inc.'s free-cash-flow margin is 21.7% of revenue over the trailing twelve months, ranking 14 of the 59 interactive media & services companies we cover.
What is Ibotta, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Ibotta, Inc.'s free cash flow after stock-based pay gives ~$39 per share in the base case, and ~$31–$51 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Ibotta, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Koch, Inc., D. E. Shaw & Co., Inc. and HSBC Holdings PLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Ibotta, Inc. buying back stock, and does it pay a dividend?
Ibotta, Inc. spent $164M on share repurchases over the trailing twelve months, and its diluted share count fell 11.0% over the year.
What is Ibotta, Inc.'s market cap?
On November 2, 2026, Ibotta, Inc.'s market capitalisation was about $1.3B and net debt of -$148M. Market figures come from third-party market data and may be delayed.
Who are Ibotta, Inc.'s competitors?
In our Interactive Media & Services peer group, the companies closest to Ibotta, Inc. are Yalla Group Ltd, Comscore, Inc., Marketwise, Inc., Zhihu Inc. and Similarweb LTD. The side-by-side comparison below sets their revenue, margins and growth against Ibotta, Inc.'s.
Are insiders buying or selling Ibotta, Inc. stock?
Over the last 12 months, Ibotta, Inc.'s directors and officers reported 1 open-market purchases and 133 sales on Form 4. The insider trading page charts every trade.
When is Ibotta, Inc.'s next earnings date?
Around February 1, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Ibotta, Inc. announces its own schedule.