IBTA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $41.61
Market Cap (MRQ) $1.39B
P/E (TTM) -90.5
EPS (TTM) $-0.46
Revenue (TTM) $343M
ROE (TTM) -3.7%
52W Range $19–$43

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About Ibotta, Inc. Class A Common Stock Company overview from Wikipedia

05 · wikidata

Ibotta, Inc. is an American mobile technology company headquartered in Denver, Colorado. Founded in 2011, the company offers cash back rewards on various purchases through its Ibotta Performance Network and direct to consumer app. Ibotta partners with CPG (consumer packaged goods) brands and network publishers to provide these rewards. As of 2024, the company operates solely in the United States. The company's rewards-as-a-service offering, the Ibotta Performance Network, went live in 2022.

In August 2019, Ibotta received a $1 billion valuation after its Series D funding, and in 2023, the company surpassed $1.5 billion cash rewards paid to over 50 million consumers since the company's founding. Ibotta became a publicly traded company in April 2024 with a listing on the New York Stock Exchange. As of September 2025, Ibotta is trading at approximately $27.13 per share, marking a 69% decline from its initial public offering price of $88 per share on April 18, 2024.

History

Founding through early 2019

Ibotta was founded by current CEO Bryan Leach. The company was incorporated in 2011 and the app launched to both the App Store and Google Play stores in 2012. Early investors included entrepreneur and computer scientist Jim Clark and Tom “TJ” Jermoluk, Chairman of @Home Network.

In 2015, Ibotta expanded beyond item level grocery, adding the ability to get cash back on in-store retail purchases. In 2016, in-app mobile commerce began, allowing users to navigate from the Ibotta app to its partners' apps to earn cash back on purchases.

In 2016 with a Series C investment, Ibotta had raised over $73 million in funding. In March of that year, Ibotta partnered with Anheuser-Busch to offer cash back for adults who purchased its products. In May, the company partnered with LiveRamp so that companies could use their CRM data to create segmented, personalized campaigns. At the time, the company had around 200 full- and part-time employees and moved from offices in Lower Downtown Denver (LoDo) to a 40,000-square-foot office in the central Denver business district. A year later, the company had to expand to a second floor as it added almost another 100 employees.

In 2017, Ibotta added cash back for Uber to its app as well as cash back rewards for online and mobile purchases.

In 2018, Ibotta was listed on the Inc. 5,000 list as one of the fastest growing private companies in the U.S. A year later, in January 2019, the Ibotta app had been downloaded more than 30 million times with users receiving a reported $500 million in cash back rewards. That year, Ibotta was the largest mobile company in Colorado with six million monthly active users.

August 2019 to present

In August 2019, Ibotta was valued at $1 billion, following a Series D round of funding. The round was led by Koch Disruptive Technologies, a subsidiary of Koch Industries.

2019 was also the year the company introduced Pay with Ibotta, which allowed users to complete purchases at key retailers on the Ibotta app and earn instant cash back in the process. With that new service, users were able to enter their purchase total and use a QR code to checkout and receive immediate cash back.

In 2020, the company partnered with Trees for the Future to plant up to 1 million trees as part of an Earth Month campaign to raise awareness about the waste of unused paper coupons. In response to the COVID-19 pandemic, Ibotta partnered with CPG brands in their “Here to Help” campaign and together committed over $10 million in cash back to American consumers. The company added the ability to earn cash back from online grocery pick-up and delivery orders.

Later that year, Ibotta started its free Thanksgiving program, providing users with 100% cash back on select groceries needed for a Thanksgiving meal. By 2022, the company had provided approximately 10 million Thanksgiving meals.

In 2021, Ibotta acquired the company OctoShop (originally InStok), a shopping browser extension company. The OctoShop app enables users to compare prices across stores and set restock and price-drop alerts.

In April 2022, the Ibotta Performance Network (IPN) was launched. The IPN allows brands to deliver digital offers to consumers through third party publishers. Retailers including Walmart, Dollar General and Family Dollar, food delivery services including Instacart, and convenience stores including Shell are all part of the Ibotta Performance Network. This pay-per-sales or success-based performance network reaches over 200 million consumers.

On April 18, 2024, Ibotta had its initial public offering (IPO), trading on the New York Stock Exchange (NYSE) under the ticker symbol IBTA. It was the largest technology IPO in Colorado history.

In October 2025, Ibotta announced a partnership with technology and analytics company Circana, integrating Circana's Household Lift measurement into Ibotta campaigns to give CPG brands an increased understanding of the impact of their promotional campaigns. On November 3, 2025, Ibotta launched LiveLift, a tool for companies to measure the return on investment of digital promotions, in order to optimize performance marketing goals.

Athletic partnerships

Ibotta became the official jersey patch partner of the New Orleans Pelicans, a professional men's basketball team in the National Basketball Association (NBA), for the 2020–2021 and 2023–2024 seasons.

Ibotta became the official jersey patch partner of the 2023 NBA champion Denver Nuggets basketball team beginning in the 2023–2024 season.

In March 2023, F1 driver Logan Sargeant, the first U.S. racer to compete in F1 since 2015, partnered with Ibotta. The Ibotta logo was displayed on Sargeant's racing helmet throughout his F1 career.

In June 2023, UConn Huskies women's basketball player Paige Bueckers entered into a "name, image, and likeness" (NIL) promotional agreement with Ibotta. According to a press release by Ibotta, the company has agreements with The Brandr Group, which finds NIL opportunities for women college athletes, and the Pearpop social media marketing platform to promote Ibotta.

Legal issues

In April 2025, shareholders filed a class action lawsuit—Fortune v. Ibotta, Inc., in the U.S. District Court for the District of Colorado (Case No. 25-cv-01213)—alleging that the registration statement in connection with Ibotta’s April 2024 initial public offering omitted material information. The complaint claims that, although Ibotta disclosed detailed terms for its contract with Walmart Inc., it failed to warn investors that its agreement with The Kroger Co., its second-largest client, was terminable at will and thus could be canceled without warning, creating a misleading impression of stability.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorCommunication Services industryMedia employees800 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$342M
2022-12-31 → 2025-12-31
EPS$0.12
2022-12-31 → 2025-12-31
Free Cash Flow$75M
2024-12-31 → 2025-12-31
Net margin-3.2%
2024-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend IBTA 5Y avg Peer Median Verdict
P/E (TTM) -90.5 · · ·
P/S (TTM) 4.0 · 2.2 Overvalued
P/B (MRQ) 5.7 · 2.0 Overvalued
Price / FCF (TTM) 18.6 · · ·
Price / Cash Flow (TTM) 14.9 · 8.2 Fair value
Price / Tangible Book 4.8 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -1.3%
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 17, 2026 $-0.05 $-0.21 75.7%
March 31, 2026 $-0.43 $-0.30 -41.9%
Dec. 31, 2025 $-0.04 $-0.01 -292.2%
Sept. 30, 2025 $0.05 $0.00 —
June 30, 2025 $0.08 $0.20 -59.3%
March 31, 2025 $0.06 $0.01 311.0%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

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Income Statement 16
Metric Trend 2025202420232022
Revenue $342M$367M$320M$211M
Cost of Revenue $71M$50M$44M$46M
Gross Profit $271M$317M$276M$165M
R&D Expense $61M$63M$50M$43M
SG&A Expense $88M$83M$52M$49M
Operating Expenses $272M$289M$220M$205M
Operating Income $-841.0K$28M$56M$-40M
Other Non-op $-93.0K$-3M$-5M$-9M
Pretax Income $10M$24M$44M$-55M
Income Tax $6M$-44M$6M$262.0K
Net Income $4M$69M$38M$-55M
EPS (Basic) $0.13$2.85$4.26$-6.33
EPS (Diluted) $0.12$2.56$1.42$-6.33
Shares (Basic) 28,366,77024,124,8338,948,5378,672,426
Shares (Diluted) 30,100,57926,860,93126,921,5678,672,426
EBITDA $7M$36M··
Balance Sheet 24
Metric Trend 2025202420232022
Cash & Equivalents $187M$349M$63M·
Receivables $209M$221M$226M·
Prepaid Expense $13M$11M$9M·
Current Assets $408M$582M$298M·
PP&E (Net) $23M$2M$3M·
PP&E (Gross) $26M$12M$11M·
Accum. Depreciation $3M$10M$9M·
Other Non-current Assets $1M$794.0K$2M·
Total Assets $526M$678M$320M·
Accounts Payable $11M$7M$9M·
Accrued Liabilities $20M$18M$25M·
Current Liabilities $208M$204M$198M·
Capital Leases $26M$0$2M·
Other Non-current Liabilities ·$17M$4M·
Total Liabilities $238M$221M$292M·
Long-term Debt $0$0$64M·
Total Debt ·$0··
Common Stock ·$0$0·
Paid-in Capital $692M$629M$237M·
Retained Earnings $-137M$-140M$-209M·
Treasury Stock $268M$31M$0·
Stockholders' Equity $288M$457M$28M$-35M
Liabilities + Equity $526M$678M$320M·
Shares Outstanding 32,567,08031,470,0959,207,3378,793,880
Cash Flow 14
Metric Trend 2025202420232022
D&A $8M$8M$7M$6M
Stock-based Comp $44M$47M$7M$6M
Deferred Tax $3M$-54M$0$0
Other Non-cash $36M$46M··
Operating Cash Flow $95M$116M$23M$-56M
CapEx $20M$871.0K$548.0K$785.0K
Investing Cash Flow $-34M$-10M$20M$-36M
Stock Issued ·$3M$0$0
Stock Repurchased $233M$31M$0$25.0K
Net Stock Activity $-233M$-29M··
Financing Cash Flow $-224M$181M$2M$74M
Net Change in Cash $-163M$287M$45M$-18M
Taxes Paid $5M$13M$4M·
Free Cash Flow $75M$115M··
Profitability 8
Metric Trend 2025202420232022
Gross Margin 79.2%86.4%··
Operating Margin -0.25%7.6%··
Net Margin 1.0%18.7%··
Pretax Margin 2.9%6.7%··
EBITDA Margin 2.2%9.8%··
ROA 0.59%13.8%··
ROE 1.1%16.5%··
ROIC -0.11%17.1%··
Liquidity & Solvency 4
Metric Trend 2025202420232022
Current Ratio 2.02.8··
Quick Ratio 1.92.8··
Debt / Equity ·0.0··
LT Debt / Equity ·0.0··
Efficiency 2
Metric Trend 2025202420232022
Asset Turnover 0.60.7··
Receivables Turnover 1.61.6··
Per Share 5
Metric Trend 2025202420232022
Book Value / Share $8.83···
Revenue / Share $11.37$13.67··
Cash Flow / Share $3.17$4.32··
Cash / Share $5.73···
EPS (TTM) $0.12$2.56··
Growth Rates 4
Metric Trend 2025202420232022
Revenue YoY -6.8%14.8%51.9%·
Revenue CAGR 3Y 17.6%···
EPS YoY -95.3%80.3%··
Net Income YoY -94.8%80.3%··
Valuation (TTM) 14
Metric Trend 2025202420232022
Revenue TTM $342M$367M··
Net Income TTM $4M$69M··
Market Cap $740M$0··
Enterprise Value ·$-349M··
P/E 189.425.4··
P/S 2.20.0··
P/B 2.6···
P / Tangible Book 2.60.0··
P / Cash Flow 7.80.0··
P / FCF 9.90.0··
EV / EBITDA ·-9.7··
EV / FCF ·-3.0··
EV / Revenue ·-1.0··
Earnings Yield 0.53%3.9%··

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-31
Revenue $342M $367M $320M $211M
Gross Margin % 79.2% 86.4% · ·
Operating Margin % -0.25% 7.6% · ·
Net Income $4M $69M $38M $-55M
Diluted EPS $0.12 $2.56 $1.42 $-6.33

Institutional owners (13F) 154 filers · $504.6M total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 154
Value held $504.6M
New positions 28
Exited positions 11
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
28 (-8 vs prior Q) 11 (-8 vs prior Q) 40 (0 vs prior Q) 46 (+8 vs prior Q) -229K

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Koch, Inc. $149,932,647 4,389,129 29.71% Shares
D. E. Shaw & Co., Inc. $57,749,051 1,690,546 11.44% Shares
HSBC HOLDINGS PLC $35,700,218 1,016,521 7.08% Shares
BlackRock, Inc. $32,013,725 937,170 6.34% Shares
VANGUARD GROUP INC $26,480,337 1,164,995 5.25% Shares
CITIGROUP INC $22,032,244 644,972 4.37% Shares
VANGUARD CAPITAL MANAGEMENT LLC $18,065,209 528,841 3.58% Shares
NOTABLE CAPITAL MANAGEMENT, L.L.C. $11,479,195 336,042 2.27% Shares
BNP PARIBAS FINANCIAL MARKETS $11,378,901 333,106 2.26% Shares
GEODE CAPITAL MANAGEMENT, LLC $9,487,183 277,664 1.88% Shares
STATE STREET CORP $9,308,156 272,487 1.84% Shares
RENAISSANCE TECHNOLOGIES LLC $7,620,515 223,083 1.51% Shares
BANK OF AMERICA CORP /DE/ $6,869,165 201,088 1.36% Shares
DEUTSCHE BANK AG\ $5,940,663 173,907 1.18% Shares
UBS Group AG $5,755,857 168,497 1.14% Shares
MORGAN STANLEY $5,619,252 164,498 1.11% Shares
Nuveen, LLC $5,551,308 162,509 1.10% Shares
AMERICAN CENTURY COMPANIES INC $5,135,853 150,347 1.02% Shares
MILLENNIUM MANAGEMENT LLC $4,115,324 120,472 0.82% Shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC $3,848,466 112,660 0.76% Shares
GOLDMAN SACHS GROUP INC $3,610,780 105,702 0.72% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $3,539,864 103,626 0.70% Shares
BARCLAYS PLC $3,462,458 101,360 0.69% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $3,231,536 94,600 0.64% Shares
NORTHERN TRUST CORP $3,188,256 93,333 0.63% Shares
XTX Topco Ltd $3,018,036 88,350 0.60% Shares
Point72 Asset Management, L.P. $3,016,772 88,313 0.60% Shares
CITADEL ADVISORS LLC $3,016,362 88,301 0.60% Shares
AQR CAPITAL MANAGEMENT LLC $2,945,855 86,237 0.58% Shares
JPMORGAN CHASE & CO $2,914,862 84,759 0.58% Shares
JANE STREET GROUP, LLC $2,895,538 84,764 0.57% Shares
VANGUARD FIDUCIARY TRUST CO $2,739,564 80,198 0.54% Shares
SAYBROOK CAPITAL /NC $2,058,413 60,258 0.41% Shares
Bank of New York Mellon Corp $2,031,768 59,478 0.40% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $1,578,192 46,200 0.31% Call option
UNITED CAPITAL FINANCIAL ADVISORS, LLC $1,527,157 44,706 0.30% Shares
PRIMECAP MANAGEMENT CO/CA/ $1,425,667 41,735 0.28% Shares
TUDOR INVESTMENT CORP ET AL $1,401,209 41,019 0.28% Shares
Invesco Ltd. $1,021,008 29,889 0.20% Shares
Mariner, LLC $897,854 26,283 0.18% Shares
Quantinno Capital Management LP $894,582 26,188 0.18% Shares
ForthRight Wealth Management, LLC $860,149 25,180 0.17% Shares
Susquehanna Portfolio Strategies, LLC $846,143 24,770 0.17% Shares
Voleon Capital Management LP $826,843 24,205 0.16% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $791,778 26,419 0.16% Shares
ExodusPoint Capital Management, LP $786,056 23,011 0.16% Shares
OCCUDO QUANTITATIVE STRATEGIES LP $782,093 22,895 0.15% Shares
Swiss National Bank $676,368 19,800 0.13% Shares
FRANKLIN RESOURCES INC $646,650 18,930 0.13% Shares
WOLVERINE TRADING, LLC $633,704 22,600 0.13% Call option

Show all 154 institutional owners →

Activists & 5%+ owners 1 position

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
KDT Ibotta Holdings, LLC, Koch, Inc. April 2, 2026 20.70% Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 18 insiders · 11 officers · 8 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Bryan Leach CEO AND PRESIDENT Sept. 22, 2026 M 823,886 0 51 $-9,372,266
Matthew H Puckett Chief Financial Officer Sept. 1, 2026 F 303,479 0 0 $0
Sunit S Patel CHIEF FINANCIAL OFFICER March 1, 2025 F 555,275 0 0 $0
Luke Roy Swanson CHIEF TECHNOLOGY OFFICER Sept. 10, 2026 S 449,632 0 23 $-3,841,673
Marisa Daspit CHIEF PEOPLE OFFICER Sept. 2, 2026 S 117,251 0 6 $-245,444
Christopher J Riedy Chief Revenue Officer Sept. 1, 2026 F 363,387 0 0 $0
Amir El Tabib Chief Business Dev. Officer Sept. 1, 2026 F 200,807 0 0 $0
Jared Chomko SR VICE PRESIDENT - ACCOUNTING Sept. 1, 2026 F 34,093 0 0 $0
David T Shapiro CHIEF LEGAL OFFICER Sept. 1, 2026 F 221,604 0 0 $0
Richard I. Donahue CHIEF MARKETING OFFICER Sept. 1, 2025 F 199,971 0 0 $0
Christopher J. Jensen CHIEF REVENUE OFFICER June 5, 2024 M 107,662 0 0 $0
Tony Weisman Director Sept. 22, 2026 A 10,339 0 0 $0
Thomas D Lehrman Director Aug. 13, 2026 S 25,570 0 28 $-6,931,641
Amanda Baldwin Director May 19, 2026 A 14,562 0 0 $0
Stephen Bailey Director May 19, 2026 A 14,562 0 0 $0
Amit Doshi Director May 19, 2026 A 54,936 0 0 $0
Valarie L Sheppard Director May 19, 2026 A 35,631 0 0 $0
Larry W Sonsini Director May 19, 2026 A 104,814 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 22 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
EBIT · Harbor ETF Trust 0.04% 222 NS July 31, 2026 N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust 0.02% 15,467 SH Oct. 2, 2026 Daily
OMFS · Invesco Exchange-Traded Self-Indexe… 0.02% 1,512 SH Oct. 2, 2026 Daily
VOX · VANGUARD WORLD FUND 0.02% 35,488 SH Aug. 19, 2026 Daily
PKW · Invesco Exchange-Traded Fund Trust 0.02% 7,584 SH Oct. 2, 2026 Daily
IWO · iShares Trust 0.02% 63,762 SH Sept. 11, 2026 Daily
NUSC · Nushares ETF Trust 0.02% 9,380 NS July 31, 2026 N-PORT
FCOM · FIDELITY COVINGTON TRUST 0.01% 10,434 NS July 31, 2026 N-PORT
IWM · iShares Trust 0.01% 258,481 SH Sept. 11, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.01% 57,167 SH Aug. 19, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS 0.01% 2,726 SH Aug. 19, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS 0.01% 7,265 SH Aug. 19, 2026 Daily
RSSL · Global X Funds 0.01% 4,761 NS July 31, 2026 N-PORT
WSML · iShares Trust 0.00% 704 SH Sept. 11, 2026 Daily
DXUV · Dimensional ETF Trust 0.00% 297 NS July 31, 2026 N-PORT
IWV · iShares Trust 0.00% 4,501 SH Sept. 10, 2026 Daily
ITOT · iShares Trust 0.00% 20,177 SH Sept. 11, 2026 Daily
DFAS · Dimensional ETF Trust 0.00% 2,771 NS July 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.00% 133,151 SH Aug. 19, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 382,945 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 980 SH Aug. 19, 2026 Daily
IWN · iShares Trust · 28,219 SH Sept. 11, 2026 Daily

IBTA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 14 analysts HOLD
Median target $38.00 -8.7%
0 0.0% Strong Buy
1 7.1% Buy
8 57.1% Hold
3 21.4% Sell
2 14.3% Strong Sell

12-Month Price Target

7 analysts · 2026-10-04

Mean target $36.14 -13.1%

Now Current price $41.61
Low$22.00 Mean$36.14 High$45.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
IBTA $740M 189.4 -6.8% 1.0% 1.1% 79.2%
DV $1.85B 38.1 13.9% 6.8% 4.6% ·
STGW · -1.4 2.4% 1.0% 5.3% ·
CCO · 55.2 6.6% · · ·
PUBM · -28.6 -2.9% -5.1% -5.7% 63.6%
MNTN $0 -91.8 28.6% -2.2% -2.4% 77.2%
BOC · -30.9 5.6% · · ·
ADV $287M -1.7 -0.66% -6.4% -36.8% ·
OMC $25.28B -299.1 10.1% -0.32% -0.67% ·

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Aug 4, 2026