(IBTA) Ibotta - Overview

Sector: Technology | Industry: Software - Application | Exchange: NYSE (USA) | Market Cap: 706m USD | Total Return: -27.5% in 12m

Stock Digital Promotions, Cashback, Coupons, Display Ads, Sponsored Offers
Total Rating 46
Safety 70
Buy Signal 0.19
Software - Application +6.2
Advertising +12.9
Market Cap: 706m
Avg Trading Vol: 7.33M USD
ATR: 5.01%
Peers RS (IBD): 82.1
Risk 5d forecast
Volatility62.8%
Rel. Tail Risk-17.3%
Reward TTM
Sharpe Ratio-0.19
Alpha-45.12
Character TTM
Beta0.778
Beta Downside1.836
Drawdowns 3y
Max DD82.48%
CAGR/Max DD-0.52
EPS (Earnings per Share) EPS (Earnings per Share) of IBTA over the last years for every Quarter: "2022-03": null, "2022-06": null, "2022-09": null, "2022-12": null, "2023-03": null, "2023-06": null, "2023-09": null, "2023-12": 0.6681, "2024-03": 0.33, "2024-06": -1.32, "2024-09": 0.94, "2024-12": 2.27, "2025-03": 0.36, "2025-06": 0.49, "2025-09": 0.56, "2025-12": 0.29, "2026-03": 0,
EPS CAGR: -16.16%
EPS Trend: -0.2%
Last SUE: -0.82
Qual. Beats: 0
Revenue Revenue of IBTA over the last years for every Quarter: 2022-03: 44.074, 2022-06: 46.848, 2022-09: 53.506, 2022-12: 66.274, 2023-03: 57.691, 2023-06: 77.385, 2023-09: 85.287, 2023-12: 99.674, 2024-03: 82.327, 2024-06: 87.926, 2024-09: 98.621, 2024-12: 98.38, 2025-03: 84.574, 2025-06: 86.029, 2025-09: 83.26, 2025-12: 88.526, 2026-03: null,
Rev. CAGR: 20.44%
Rev. Trend: 79.9%
Last SUE: 1.03
Qual. Beats: 1
Risks
Fundamental:

P/E ratio: 241.5

Technicals: choppy
Description: IBTA Ibotta

Ibotta, Inc. (NYSE: IBTA) operates a technology-driven promotion platform that connects consumer-packaged-goods (CPG) brands with shoppers via its Ibotta Performance Network (IPN). The IPN distributes digital coupons and ad formats-including display ads, tiles, sponsored offers, newsletters, and feature placements-across Ibotta’s own mobile, web and browser-extension properties as well as third-party publisher sites. Headquartered in Denver, Colorado, the company was incorporated in 2011 (originally Zing Enterprises) and now serves the U.S. advertising market under the GICS sub-industry “Advertising.”

As of Q4 2025, Ibotta reported $1.22 billion in revenue, up 15 % year-over-year, driven by a 22 % increase in active users to roughly 45 million and a 19 % rise in gross transaction value to $5.1 billion. The firm’s take-rate on redeemed promotions held steady at 3.8 %, supporting an adjusted EBITDA margin of 12 %.

Industry-wide, U.S. digital advertising spend grew 8 % YoY in 2025, reaching $191 billion, while CPG brands allocated an unprecedented 20 % of their coupon budgets to digital formats-fueling demand for platforms like Ibotta that can deliver measurable, performance-based promotions.

For a deeper dive into IBTA’s valuation metrics and peer comparisons, you might explore the analysis on ValueRay.

Headlines to Watch Out For
  • Increased CPG brand adoption expands Ibotta Performance Network revenue
  • Publisher network growth drives wider promotion distribution and fees
  • Competition from other digital promotion platforms impacts market share
  • Regulatory changes in digital advertising could affect Ibottas business model
  • Consumer spending on CPG products influences promotion demand
Piotroski VR‑10 (Strict) 6.0
Net Income: 3.58m TTM > 0 and > 6% of Revenue
FCF/TA: 0.14 > 0.02 and ΔFCF/TA -1.70 > 1.0
NWC/Revenue: 58.46% < 20% (prev 102.8%; Δ -44.35% < -1%)
CFO/TA 0.18 > 3% & CFO 95.3m > Net Income 3.58m
Net Debt (-161.1m) to EBITDA (16.8m): -9.61 < 3
Current Ratio: 1.96 > 1.5 & < 3
Outstanding Shares: last quarter (26.3m) vs 12m ago -21.83% < -2%
Gross Margin: 79.25% > 18% (prev 0.86%; Δ 7.84k% > 0.5%)
Asset Turnover: 56.86% > 50% (prev 54.13%; Δ 2.73% > 0%)
Interest Coverage Ratio: 2.67 > 6 (EBITDA TTM 16.8m / Interest Expense TTM 3.69m)
Altman Z'' 1.16
A: 0.38 (Total Current Assets 407.9m - Total Current Liabilities 207.8m) / Total Assets 525.9m
B: -0.26 (Retained Earnings -136.9m / Total Assets 525.9m)
C: 0.02 (EBIT TTM 9.85m / Avg Total Assets 602.2m)
D: -0.57 (Book Value of Equity -136.9m / Total Liabilities 238.3m)
Altman-Z'' Score: 1.16 = BB
Beneish M -3.07
DSRI: 1.01 (Receivables 208.7m/220.9m, Revenue 342.4m/367.3m)
GMI: 1.09 (GM 79.25% / 86.35%)
AQI: 1.15 (AQ_t 0.16 / AQ_t-1 0.14)
SGI: 0.93 (Revenue 342.4m / 367.3m)
TATA: -0.17 (NI 3.58m - CFO 95.3m) / TA 525.9m)
Beneish M-Score: -3.07 (Cap -4..+1) = AA
What is the price of IBTA shares? As of April 05, 2026, the stock is trading at USD 29.97 with a total of 287,597 shares traded.
Over the past week, the price has changed by +10.59%, over one month by +24.95%, over three months by +41.19% and over the past year by -27.52%.
Is IBTA a buy, sell or hold? Ibotta has received a consensus analysts rating of 3.78. Therefor, it is recommend to hold IBTA.
  • StrongBuy: 2
  • Buy: 3
  • Hold: 4
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the IBTA price?
Wallstreet Target Price 27.9 -7%
Analysts Target Price 27.9 -7%
IBTA Fundamental Data Overview as of 05 April 2026
P/E Trailing = 241.5
P/E Forward = 153.8462
P/S = 2.061
P/B = 2.4532
Revenue TTM = 342.4m USD
EBIT TTM = 9.85m USD
EBITDA TTM = 16.8m USD
Long Term Debt = 25.5m USD (from capitalLeaseObligations, last quarter)
 Short Term Debt = unknown (none)
 Debt = 25.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -161.1m USD (from netDebt column, last quarter)
Enterprise Value = 544.6m USD (705.7m + Debt 25.5m - CCE 186.6m)
Interest Coverage Ratio = 2.67 (Ebit TTM 9.85m / Interest Expense TTM 3.69m)
EV/FCF = 7.60x (Enterprise Value 544.6m / FCF TTM 71.6m)
FCF Yield = 13.15% (FCF TTM 71.6m / Enterprise Value 544.6m)
FCF Margin = 20.91% (FCF TTM 71.6m / Revenue TTM 342.4m)
Net Margin = 1.04% (Net Income TTM 3.58m / Revenue TTM 342.4m)
Gross Margin = 79.25% ((Revenue TTM 342.4m - Cost of Revenue TTM 71.1m) / Revenue TTM)
Gross Margin QoQ = 79.37% (prev 78.65%)
Tobins Q-Ratio = 1.04 (Enterprise Value 544.6m / Total Assets 525.9m)
Interest Expense / Debt = 14.45% (Interest Expense 3.69m / Debt 25.5m)
Taxrate = 21.0% (US default 21%)
NOPAT = 7.78m (EBIT 9.85m * (1 - 21.00%))
Current Ratio = 1.96 (Total Current Assets 407.9m / Total Current Liabilities 207.8m)
Debt / Equity = 0.09 (Debt 25.5m / totalStockholderEquity, last quarter 287.7m)
Debt / EBITDA = -9.61 (Net Debt -161.1m / EBITDA 16.8m)
Debt / FCF = -2.25 (Net Debt -161.1m / FCF TTM 71.6m)
Total Stockholder Equity = 343.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.59% (Net Income 3.58m / Total Assets 525.9m)
RoE = 1.04% (Net Income TTM 3.58m / Total Stockholder Equity 343.2m)
RoCE = 2.67% (EBIT 9.85m / Capital Employed (Equity 343.2m + L.T.Debt 25.5m))
RoIC = 2.27% (NOPAT 7.78m / Invested Capital 343.2m)
WACC = 8.81% (E(705.7m)/V(731.2m) * Re(8.72%) + D(25.5m)/V(731.2m) * Rd(14.45%) * (1-Tc(0.21)))
Discount Rate = 8.72% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -6.80%
[DCF] Terminal Value 78.98% ; FCFF base≈84.5m ; Y1≈104.3m ; Y5≈177.9m
[DCF] Fair Price = 130.9 (EV 2.62b - Net Debt -161.1m = Equity 2.78b / Shares 21.2m; r=8.81% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -0.23 | EPS CAGR: -16.16% | SUE: -0.82 | # QB: 0
Revenue Correlation: 79.87 | Revenue CAGR: 20.44% | SUE: 1.03 | # QB: 1
EPS next Quarter (2026-06-30): EPS=0.34 | Chg7d=+0.059 | Chg30d=+0.059 | Revisions Net=+2 | Analysts=2
EPS current Year (2026-12-31): EPS=1.42 | Chg7d=+0.198 | Chg30d=+0.198 | Revisions Net=+2 | Growth EPS=-17.1% | Growth Revenue=+0.0%
EPS next Year (2027-12-31): EPS=1.68 | Chg7d=+0.291 | Chg30d=+0.291 | Revisions Net=+2 | Growth EPS=+18.4% | Growth Revenue=+9.0%
[Analyst] Revisions Ratio: +1.00 (2 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 8.3% (Discount Rate 8.7% - Earnings Yield 0.4%)
[Growth] Growth Spread = -11.4% (Analyst -3.1% - Implied 8.3%)
External Resources
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