A Business at a Glance
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Ibotta, Inc.
IBTA
$782M
Mkt Cap
$26.25
-0.15%
Ibotta, Inc. (IBTA) has a current P/E ratio of 218.8, compared to its historical median P/E of 25.7. The stock is currently considered Expensive based on its historical valuation range.
Ibotta, Inc. (IBTA) has a 5-year average return on invested capital (ROIC) of 23.8%. This indicates strong capital allocation and a potential competitive advantage.
Ibotta, Inc. (IBTA) has a market capitalization of $634M. It is classified as a small-cap stock.
Ibotta, Inc. (IBTA) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 32.82%.
Based on historical P/E analysis, Ibotta, Inc. (IBTA) appears expensive. The current P/E of 218.8 is 752% above its historical median of 25.7. The estimated fair value CAGR (P/E method) is -14.7%.
Ibotta, Inc. (IBTA) operates in the Services-Advertising industry, within the Industrials sector.
Ibotta, Inc. (IBTA) reported annual revenue of $342 million in its most recent fiscal year, based on SEC EDGAR filings.
Ibotta’s mission is to Make Every Purchase Rewarding. We accomplish this mission by delivering digital promotions to consumers through the Ibotta Performance Network (IPN). We source digital promotions from our clients, which are primarily consumer packaged goods (CPG) brands, and distribute these promotions to consumers via our network of publishers, which is enabled by our technology platform. We have strategic relationships with Walmart Inc. (Walmart), Dollar General Corporation (Dollar General), Family Dollar Stores, Inc. (Family Dollar), Maplebear, Inc. (Instacart), and DoorDash, Inc. (DoorDash), among others, who are third-party publishers on the IPN and use our content to power their digital offer programs on a white-label basis. We also host offers on Ibotta’s direct-to-consumer properties, which include the Ibotta-branded cash back mobile app, website, and browser extension (collectively, direct-to-consumer (D2C), which is part of the IPN).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Revenue | 340M | 342M | 367M | 320M | 211M |
| Net Income | -7.3M | 3.6M | 69M | 38M | -55M |
| EPS | $-0.33 | $0.12 | $2.56 | $4.14 | $-6.33 |
| Free Cash Flow | 84M | 75M | 115M | 22M | -57M |
| ROIC | 6977.8% | 1.0% | 40.1% | 30.4% | - |
| Gross Margin | 78.4% | 79.2% | 49.6% | 50.4% | 78.1% |
| Debt/Equity | 0.00 | 0.09 | 0.00 | 2.43 | -0.08 |
| Dividends/Share | $0.00 | - | - | - | $0.00 |
| Operating Income | -8.9M | -841K | 28M | 56M | -40M |
| Operating Margin | -2.6% | -0.2% | 7.6% | 17.5% | -19.1% |
| ROE | -2.9% | 1.0% | 28.3% | 136.5% | 456.5% |
| Shares Outstanding | 24M | 30M | 27M | 9M | 9M |
| Metric | |||||
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 211M | 320M | 367M | 342M | 340M |
| Gross Margin | 78.1% | 50.4% | 49.6% | 79.2% | 78.4% |
| R&D | 43M | 50M | 63M | 61M | 58M |
| SG&A | 49M | 52M | 83M | 88M | 91M |
| EBIT | -40M | 56M | 28M | -841K | -8.9M |
| Op. Margin | -19.1% | 17.5% | 7.6% | -0.2% | -2.6% |
| Net Income | -55M | 38M | 69M | 3.6M | -7.3M |
| Net Margin | -26.0% | 11.9% | 18.7% | 1.0% | -2.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||
| ROIC | N/A | 30.4% | 40.1% | 1.0% | N/M |
| ROE | 456.5% | 136.5% | 28.3% | 1.0% | -2.9% |
| ROA | N/A | 23.9% | 13.8% | 0.6% | -1.5% |
| Cash Flow | |||||
| Op. Cash Flow | -56M | 23M | 116M | 95M | 106M |
| Free Cash Flow | -57M | 22M | 115M | 75M | 84M |
| Owner Earnings | -69M | 9.1M | 61M | 43M | 50M |
| CapEx | 785K | 548K | 871K | 20M | 21M |
| Maint. CapEx | 6.3M | 6.7M | 8.1M | 8.3M | 9.0M |
| Growth CapEx | 0 | 0 | 0 | 12M | 12M |
| D&A | 6.3M | 6.7M | 8.1M | 8.3M | 9.0M |
| CapEx/OCF | N/A | N/A | 0.8% | 21.3% | 20.3% |
| Capital Allocation | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 25K | 0 | 31M | 233M | 208M |
| Buyback Yield | 0.0% | N/A | 1.8% | 35.2% | 32.8% |
| Stock-Based Comp | 6.5M | 7.0M | 47M | 44M | 47M |
| Debt Repayment | 405K | 12K | 808K | 2K | 2K |
| Balance Sheet | |||||
| Net Debt | N/A | 5.2M | -348M | -161M | -165M |
| Cash & Equiv. | 18M | 63M | 349M | 187M | 165M |
| Long-Term Debt | N/A | 64M | 0 | 0 | N/A |
| Debt/Equity | -0.08 | 2.43 | 0.00 | 0.09 | 0.00 |
| Interest Coverage | -6.5 | 6.4 | 7.8 | -1.7 | -1.7 |
| Equity | -35M | 28M | 457M | 288M | 249M |
| Total Assets | N/A | 320M | 678M | 526M | 480M |
| Total Liabilities | 2.9M | 292M | 221M | 238M | 231M |
| Intangibles | 0 | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | -209M | -140M | -137M | -147M |
| Working Capital | N/A | 100M | 378M | 200M | 160M |
| Current Assets | N/A | 298M | 582M | 408M | 361M |
| Current Liabilities | N/A | 198M | 204M | 208M | 201M |
| Per Share Data | |||||
| EPS | -6.33 | 4.14 | 2.56 | 0.12 | -0.33 |
| Owner EPS | -8.00 | 0.98 | 2.27 | 1.44 | 2.06 |
| Book Value | -4.01 | 3.03 | 17.03 | 9.66 | 10.31 |
| Cash Flow/Share | -6.52 | 2.47 | 4.32 | 3.20 | 0.07 |
| Dividends/Share | 0.00 | N/A | N/A | N/A | 0.00 |
| Shares Out. | 8.7M | 9.2M | 26.9M | 29.8M | 24.1M |
| Valuation | |||||
| P/E Ratio | N/A | N/A | 25.7 | 185.1 | -78.8 |
| P/FCF | N/A | N/A | 15.3 | 8.8 | 7.5 |
| EV/EBIT | N/A | N/A | 38.2 | N/A | N/A |
| Price/Book | N/A | N/A | 3.9 | 2.3 | 2.5 |
| Price/Sales | N/A | N/A | 5.3 | 3.6 | 1.9 |
| FCF Yield | N/A | N/A | 6.5% | 11.3% | 13.3% |
| Market Cap | 0 | N/A | 1.8B | 662M | 634M |
| Avg. Price | 0.00 | N/A | 72.82 | 40.98 | 26.25 |
| Year-End Price | 0.00 | N/A | 65.75 | 22.21 | 26.25 |
Ibotta, Inc. passes 7 of 9 quality checks, indicating strong fundamentals.
Ibotta, Inc. trades at 218.8x trailing earnings, compared to its 15-year median P/E of 25.7x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 7.4x vs a median of 12.1x. The company's 5-year average ROIC is 23.8% with a gross margin of 64.3%. Total shareholder yield (buybacks) is 32.8%. At current prices, the estimated annualized return to fair value is +14.6%.
Ibotta, Inc. (IBTA) has a net profit margin of 1.0%. This is a modest margin.
Ibotta, Inc. (IBTA) generated $75 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Ibotta, Inc. (IBTA) has a debt-to-equity ratio of 0.09. This indicates a conservatively financed balance sheet.
Ibotta, Inc. (IBTA) reported earnings per share (EPS) of $0.12 in its most recent fiscal year.
Ibotta, Inc. (IBTA) has a return on equity (ROE) of 1.0%. This indicates moderate shareholder returns.
Ibotta, Inc. (IBTA) has a 5-year average gross margin of 64.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 4 years of financial data for Ibotta, Inc. (IBTA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Ibotta, Inc. (IBTA) has a book value per share of $9.66, based on its most recent annual SEC filing.