Ibotta, Inc. income statement
In fiscal 2025, Ibotta, Inc. reported revenue of $342m, down 6.8% on the year before, operating income of −$841,000 (a -0.2% margin) and net income of $3.6m, or $0.12 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Revenue | 211 | 320 | 367 | 342 | 343 |
| Cost of revenue | 46 | 44 | 50 | 71 | 75 |
| Gross profit | 165 | 276 | 317 | 271 | 269 |
| Research and development | 43 | 50 | 63 | 61 | 58 |
| Selling and marketing | 110 | 115 | 139 | 119 | 127 |
| General and administrative | 49 | 52 | 83 | 88 | 90 |
| Operating income | −40 | 56 | 28 | −1 | −12 |
| Interest expense | 6 | 9 | 4 | 1 | — |
| Income before tax | −55 | 44 | 24 | 10 | −4 |
| Income tax | 0 | 6 | −44 | 6 | 7 |
| Net income | −55 | 38 | 69 | 4 | −11 |
| Diluted EPS | −$2.11 | $1.42 | $2.56 | $0.12 | −$0.42 |
| Diluted shares (average) | 26m | 27m | 27m | 30m | 26m |
| EBITDA | −34 | 63 | 36 | 7 | −2 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 99 | 98 | 85 | 86 | 83 | 89 | 82 | 89 |
| Cost of revenue | 12 | 15 | 17 | 18 | 17 | 19 | 19 | 19 |
| Gross profit | 86 | 83 | 67 | 68 | 66 | 70 | 63 | 70 |
| Research and development | 16 | 16 | 18 | 15 | 14 | 14 | 15 | 15 |
| Selling and marketing | 28 | 33 | 30 | 29 | 27 | 34 | 34 | 33 |
| General and administrative | 21 | 20 | 21 | 22 | 22 | 22 | 24 | 22 |
| Operating income | 21 | 13 | −3 | 1 | 2 | −2 | −11 | −2 |
| Interest expense | 0 | 0 | — | — | — | — | — | — |
| Income before tax | 25 | 17 | 0 | 4 | 5 | 0 | −9 | −1 |
| Income tax | 8 | −59 | −0 | 1 | 4 | 1 | 1 | 1 |
| Net income | 17 | 76 | 1 | 2 | 2 | −1 | −10 | −1 |
| Diluted EPS | $0.51 | $2.90 | $0.02 | $0.08 | $0.05 | −$0.03 | −$0.43 | −$0.05 |
| EBITDA | 23 | 15 | −1 | 4 | 4 | 1 | −8 | 1 |
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