IBTA - Ibotta, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$39.25
DETAILS
HIGH:
$45.00
LOW:
$32.00
MEDIAN:
$40.00
CONSENSUS:
$39.25
DOWNSIDE:
16.91%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||
| Revenue | 88.9 | 82.5 | 88.5 | 83.3 | 86.0 | 84.6 | 98.4 | 98.6 | 87.9 | 82.3 | 99.7 | 85.3 | 77.4 | 57.7 | 66.3 | 53.5 | 46.8 | 44.1 |
| Cost of Revenue | 19.2 | 21.0 | 18.3 | 17.8 | 17.9 | 17.1 | 15.2 | 12.2 | 12.3 | 10.5 | 12.3 | 12.3 | 9.6 | 12.0 | 12.7 | 13.3 | 12.4 | 10.8 |
| Gross Profit | 69.7 | 61.5 | 70.3 | 65.5 | 68.1 | 67.5 | 83.2 | 86.4 | 75.6 | 71.8 | 87.4 | 73.0 | 67.7 | 45.7 | 53.5 | 40.2 | 34.5 | 33.3 |
| Operating Expenses | ||||||||||||||||||
| R&D Expenses | 15.1 | 14.5 | 14.2 | 14.0 | 14.7 | 18.1 | 15.8 | 16.3 | 17.5 | 13.6 | 13.7 | 12.4 | 12.2 | 11.7 | 11.1 | 10.2 | 10.3 | 10.9 |
| SG&A Expenses | 54.7 | 57.8 | 55.8 | 49.1 | 51.1 | 51.2 | 53.6 | 48.4 | 78.7 | 41.3 | 46.8 | 49.7 | 34.9 | 34.9 | 39.8 | 37.4 | 37.0 | 45.0 |
| Other Expenses | 1.9 | 0 | 1.9 | 0 | 1.0 | 1.0 | 0.9 | 1.1 | 1.0 | 1.0 | 0.6 | 0 | 0.8 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 71.6 | 72.3 | 71.9 | 63.1 | 66.9 | 70.3 | 70.3 | 65.7 | 97.3 | 55.9 | 61.1 | 62.1 | 47.9 | 46.6 | 50.9 | 47.6 | 47.3 | 56.0 |
| Operating Income | ||||||||||||||||||
| Operating Income | (1.9) | (10.8) | (1.6) | 2.4 | 1.2 | (2.8) | 13.0 | 20.7 | (21.7) | 15.9 | 26.3 | 10.9 | 19.8 | (0.9) | 2.6 | (7.4) | (12.8) | (22.7) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.8 | 2.1 | 1.6 | 1.5 | 1.7 | 1.7 | 1.6 | 1.8 | 0.2 |
| Interest Income | 1.4 | 1.5 | 1.9 | 6.3 | 2.6 | 3.7 | 4.1 | 4.4 | 2.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||
| EBITDA | 2.8 | (6.5) | 2.7 | 6.5 | 6.3 | 2.6 | 16.6 | 27.3 | (27.9) | 16.1 | 25.4 | 11.9 | 21.2 | (0.8) | (1.6) | (7.9) | (12.2) | (21.3) |
| EBIT | (0.5) | (9.4) | 0.2 | 5.3 | 3.9 | 0.5 | 14.7 | 25.1 | (30.0) | 14.2 | 24.4 | 9.4 | 19.6 | (2.4) | (3.2) | (9.6) | (13.7) | (22.7) |
| Income Before Tax | (0.5) | (9.4) | 0.2 | 5.3 | 3.9 | 0.5 | 17 | 25.1 | (30.0) | 12.4 | 22.3 | 7.8 | 18.0 | (4.1) | (4.9) | (11.2) | (15.5) | (22.9) |
| Income Tax Expense | 0.7 | 1.0 | 1.2 | 3.7 | 1.4 | (0.1) | (59.2) | 7.9 | 3.9 | 3.1 | 3.7 | (0.6) | 2.7 | 0.2 | 0.2 | 0.0 | 0.0 | 0.0 |
| Net Income | (1.2) | (10.3) | (1.0) | 1.5 | 2.5 | 0.6 | 76.2 | 17.2 | (34.0) | 9.3 | 18.6 | 8.4 | 15.3 | (4.3) | (5.1) | (11.2) | (15.6) | (22.9) |
| Per Share Data | ||||||||||||||||||
| EPS (Basic) | -0.05 | -0.43 | -0.04 | 0.05 | 0.09 | 0.02 | 2.48 | 0.56 | -1.32 | 1.00 | 0.62 | 0.28 | 0.51 | -0.14 | -0.17 | -0.37 | -0.51 | -0.76 |
| EPS (Diluted) | -0.05 | -0.43 | -0.04 | 0.05 | 0.08 | 0.02 | 2.27 | 0.51 | -1.32 | 0.31 | 0.62 | 0.28 | 0.51 | -0.14 | -0.17 | -0.37 | -0.51 | -0.76 |
| Shares Outstanding | 23.3 | 24.1 | 26.3 | 29.1 | 28.5 | 30.8 | 30.7 | 30.7 | 30.6 | 30.2 | 30.2 | 30.2 | 30.2 | 30.2 | 30.2 | 30.2 | 30.2 | 30.2 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||
| Cash & Cash Equivalents | 148.2 | 164.6 | 186.6 | 223.3 | 250.5 | 297.1 | 349.3 | 341.3 | 317.9 | 79.5 | 62.6 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 203.4 | 183.1 | 208.7 | 212.8 | 209.0 | 219.6 | 220.9 | 227.8 | 209.0 | 206.4 | 226.4 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 14.1 | 13.4 | 12.6 | 19.3 | 12.1 | 1.0 | 1.2 | 0 | 0 | 0 | 0.9 |
| Total Current Assets | 365.6 | 361.0 | 407.9 | 455.5 | 482.6 | 528.0 | 581.7 | 576.1 | 534.2 | 300.1 | 298.3 |
| Non-Current Assets | |||||||||||
| Property, Plant & Equipment | 33.0 | 33.1 | 33.3 | 29.6 | 19.4 | 15.2 | 2.0 | 2.1 | 2.3 | 2.4 | 3.4 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 28.0 | 26.5 | 24.2 | 22.4 | 19.1 | 17.6 | 16.2 | 15.4 | 14.4 | 13.9 | 12.8 |
| Long-Term Investments | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 |
| Other Non-Current Assets | 0.8 | 1.0 | 1.1 | 1.0 | 75.1 | 74.0 | 74.0 | 0.2 | 0.7 | 1.1 | 0.7 |
| Total Non-Current Assets | 119.8 | 118.9 | 118.0 | 114.0 | 118.1 | 111.3 | 96.7 | 22.2 | 21.8 | 21.9 | 21.4 |
| Total Assets | 485.4 | 479.9 | 525.9 | 569.4 | 600.8 | 639.3 | 678.4 | 598.3 | 556.0 | 322.1 | 319.8 |
| Current Liabilities | |||||||||||
| Account Payables | 7.3 | 7.2 | 10.8 | 15.3 | 10.6 | 11.3 | 7.2 | 8.3 | 5.2 | 7.7 | 8.9 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 2.6 | 2.7 | 2.9 | 4.7 | 5.1 | 5.6 | 5.0 | 0 | 0 | 4.2 | 2.6 |
| Other Current Liabilities | 78.2 | 76.5 | 78.6 | 82.0 | 87.1 | 86.9 | 94.5 | 182.9 | 166.2 | 94.0 | 107.0 |
| Total Current Liabilities | 213.5 | 200.9 | 207.8 | 206.5 | 204.0 | 196.5 | 204.2 | 211.5 | 190.2 | 181.7 | 198.2 |
| Non-Current Liabilities | |||||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 65.3 | 64.4 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 5.2 | 4.7 | 5.0 | 8.0 | 17.7 | 17.0 | 17.0 | 8.6 | 5.6 | 31.0 | 29.3 |
| Total Non-Current Liabilities | 30.4 | 30.0 | 30.5 | 33.3 | 42.6 | 41.5 | 17.0 | 8.8 | 6.2 | 96.3 | 93.7 |
| Total Liabilities | 243.8 | 230.9 | 238.3 | 239.8 | 246.7 | 238.0 | 221.1 | 220.3 | 196.3 | 278.0 | 291.9 |
| Stockholders' Equity | |||||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | (148.4) | (147.2) | (136.9) | (135.9) | (137.4) | (139.9) | (140.4) | (216.6) | (233.9) | (199.9) | (209.2) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 241.6 | 249.0 | 287.7 | 329.6 | 354.1 | 401.3 | 457.3 | 378.0 | 359.7 | 44.1 | 27.9 |
| Total Liabilities & Equity | 485.4 | 479.9 | 525.9 | 569.4 | 600.8 | 639.3 | 678.4 | 598.3 | 556.0 | 322.1 | 319.8 |
| Debt Metrics | |||||||||||
| Total Debt | 25.1 | 25.3 | 25.5 | 25.3 | 24.9 | 24.5 | 0 | 2 | 2.4 | 65.3 | 64.4 |
| Net Debt | (123.0) | (139.3) | (161.1) | (198.0) | (225.6) | (272.6) | (349.3) | (339.3) | (315.5) | (14.2) | 1.9 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Net Income | (1.2) | (10.3) | (1.0) | 1.5 | 2.5 | 0.6 | 76.2 | 17.2 | (34.0) | 9.3 | 18.6 | 8.4 | 15.3 | (4.3) |
| Depreciation & Amortization | 3.4 | 2.9 | 2.5 | 1.2 | 2.4 | 2.2 | 1.9 | 2.1 | 2.1 | 1.9 | 0.9 | 2.5 | 1.6 | 1.6 |
| Stock-Based Compensation | 12.9 | 14.5 | 12.8 | 10.4 | 11.5 | 13.8 | 10.7 | 11.5 | 0 | 1.8 | 1.7 | 1.7 | 1.8 | 1.8 |
| Change in Working Capital | (6.0) | 19.5 | 9.9 | 5.8 | 6.1 | 2.8 | (69.2) | 5.9 | 9.9 | 0.6 | (4.8) | (25.5) | (21.9) | 0.6 |
| Other Non-Cash Items | 3.4 | 3.2 | 0.4 | 2.7 | 3.3 | 0.6 | 2.4 | 2.9 | 53.0 | 5.7 | 7.2 | 10.9 | 1.6 | 2.9 |
| Operating Cash Flow | 13.3 | 30.4 | 27.8 | 21.8 | 25.9 | 19.9 | 22.0 | 39.5 | 31.1 | 19.4 | 23.7 | (2.0) | (1.6) | 2.7 |
| Investing Activities | ||||||||||||||
| Capital Expenditure | (5.2) | (3.1) | (7.5) | (11.2) | (7) | (1.9) | (2.5) | (2.9) | (0.2) | (2.5) | (2.0) | (2.5) | (2.8) | (1.0) |
| Acquisitions | 0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.4 | 10.5 |
| Other Investing Activities | (4.3) | 0 | (3.6) | (3.9) | (3.4) | (3.1) | (2.3) | (2.6) | 0 | (2.3) | (1.8) | (2.3) | (2.6) | (1.0) |
| Investing Cash Flow | (5.2) | (7.1) | (11.2) | (11.2) | (7) | (5.0) | (2.5) | (2.9) | (2.3) | (2.5) | (2.0) | (2.5) | 14.6 | 9.5 |
| Financing Activities | ||||||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | (26.0) | (44.8) | (54.8) | (38.0) | (70.4) | (69.8) | (15.7) | (15.6) | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (1.9) | (1.2) | (0.6) | (0.8) | 4.6 | (0.6) | 4.7 | 2.4 | (0.0) | 0.0 | 1.2 | 0.5 | 0.4 | 0.3 |
| Financing Cash Flow | (24.5) | (45.3) | (53.4) | (37.8) | (65.8) | (67.0) | (11.0) | (13.3) | 209.6 | 0.0 | 1.2 | 0.5 | 0.4 | 0.3 |
| Cash Position | ||||||||||||||
| Net Change in Cash | (16.4) | (22.0) | (36.7) | (27.3) | (46.9) | (52.2) | 8.4 | 23.4 | 238.4 | 16.9 | 22.9 | (4.0) | 13.4 | 12.4 |
| Cash at Beginning | 164.6 | 186.6 | 223.4 | 250.6 | 297.5 | 349.7 | 341.3 | 317.9 | 79.5 | 62.6 | 39.7 | 43.7 | 30.3 | 17.8 |
| Cash at End | 148.2 | 164.6 | 186.6 | 223.4 | 250.6 | 297.5 | 349.7 | 341.3 | 317.9 | 79.5 | 62.6 | 39.7 | 43.7 | 30.3 |
| Free Cash Flow | 8.1 | 27.3 | 20.3 | 10.6 | 18.9 | 18.0 | 19.4 | 36.7 | 30.9 | 16.9 | 21.7 | (4.5) | (4.4) | 1.7 |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||
| Revenue | 88.9 | 82.5 | 88.5 | 83.3 | 86.0 | 84.6 | 98.4 | 98.6 | 87.9 | 82.3 | 99.7 | 85.3 | 77.4 | 57.7 | 66.3 | 53.5 | 46.8 | 44.1 |
| Gross Profit | 69.7 | 61.5 | 70.3 | 65.5 | 68.1 | 67.5 | 83.2 | 86.4 | 75.6 | 71.8 | 87.4 | 73.0 | 67.7 | 45.7 | 53.5 | 40.2 | 34.5 | 33.3 |
| Operating Income | (1.9) | (10.8) | (1.6) | 2.4 | 1.2 | (2.8) | 13.0 | 20.7 | (21.7) | 15.9 | 26.3 | 10.9 | 19.8 | (0.9) | 2.6 | (7.4) | (12.8) | (22.7) |
| Net Income | (1.2) | (10.3) | (1.0) | 1.5 | 2.5 | 0.6 | 76.2 | 17.2 | (34.0) | 9.3 | 18.6 | 8.4 | 15.3 | (4.3) | (5.1) | (11.2) | (15.6) | (22.9) |
| EPS (Diluted) | -0.05 | -0.43 | -0.04 | 0.05 | 0.08 | 0.02 | 2.27 | 0.51 | -1.32 | 0.31 | 0.62 | 0.28 | 0.51 | -0.14 | -0.17 | -0.37 | -0.51 | -0.76 |
| Balance Sheet | ||||||||||||||||||
| Cash & Equivalents | 148.2 | 164.6 | 186.6 | 223.3 | 250.5 | 297.1 | 349.3 | 341.3 | 317.9 | 79.5 | 62.6 | |||||||
| Total Assets | 485.4 | 479.9 | 525.9 | 569.4 | 600.8 | 639.3 | 678.4 | 598.3 | 556.0 | 322.1 | 319.8 | |||||||
| Total Debt | 25.1 | 25.3 | 25.5 | 25.3 | 24.9 | 24.5 | 0 | 2 | 2.4 | 65.3 | 64.4 | |||||||
| Stockholders' Equity | 241.6 | 249.0 | 287.7 | 329.6 | 354.1 | 401.3 | 457.3 | 378.0 | 359.7 | 44.1 | 27.9 | |||||||
| Cash Flow | ||||||||||||||||||
| Operating Cash Flow | 13.3 | 30.4 | 27.8 | 21.8 | 25.9 | 19.9 | 22.0 | 39.5 | 31.1 | 19.4 | 23.7 | (2.0) | (1.6) | 2.7 | ||||
| Capital Expenditure | (5.2) | (3.1) | (7.5) | (11.2) | (7) | (1.9) | (2.5) | (2.9) | (0.2) | (2.5) | (2.0) | (2.5) | (2.8) | (1.0) | ||||
| Free Cash Flow | 8.1 | 27.3 | 20.3 | 10.6 | 18.9 | 18.0 | 19.4 | 36.7 | 30.9 | 16.9 | 21.7 | (4.5) | (4.4) | 1.7 | ||||