Ibotta (IBTA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Ibotta

NYSE•Technology•Software - Application

$38.39+1.05(0.03%)Market closed

Market Cap

$968.01M

P/S

2.8x

P/B

4.0x

Ibotta, Inc., a technology company, provides digital promotion services to clients in the United States. The company sources digital promotions from its clients primarily consumer packaged goods brands and distributes these promotions to consumers through its network of publishers enabled by Ibotta Performance Network (IPN), a technology platform. It offers promotional services through the IPN, including direct-to-consumer mobile, web, and browser extension properties, as well as third-party publisher properties. The company also provides display ads, tiles, sponsored offers, newsletters, and feature placements. In addition, it offers LiveLift, a set of capabilities designed for brands to drive sales. The company serves consumer packaged goods brands. The company was formerly known as Zing Enterprises, Inc. and changed its name to Ibotta, Inc. in 2012. Ibotta, Inc. was incorporated in 2011 and is headquartered in Denver, Colorado.

How this company scores

AverageMetricSide Score: 48/100

Strongest: Cash & Earnings Quality (16/25); weakest: Growth (6/25).

Profitability11/25

Growth6/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality16/25

Strengths

Long cash runwayInterest easily coveredCash-backed earningsConsistent free cash flow

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 163.7x5y range 9.7x – 163.7x

Currently above its 5-quarter median.

P/S · 2.8x5y range 1.7x – 4.3x

Currently near its 7-quarter median.

P/B · 4.0x5y range 2.0x – 20.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 144.1% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $968.01M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $343.17M
Q. Revenue: $88.91M
TTM EBITDA: $-6.68M
TTM Op. Income: $-11.98M
Q. Op. Income: $-1.88M
TTM Net Income: $-11.02M
Q. Net Income: $-1.23M
EPS: $-0.05
Shares Out.: $23.28M

$343.17M in TTM revenue declined 6.6% YoY, reaching $88.91M last quarter. TTM EBITDA of $-6.68M and TTM operating income of $-11.98M show growth is flowing through to the bottom line. However, net income is negative at $11.02M — growth is not yet reaching the bottom line. Over the past year, TTM revenue is down 7% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 78.4%
EBITDA Margin: -0.0%
Op. Margin: -2.1%
Net Margin: -1.4%

Op. margin of -2.1% is down 3.6% YoY — costs are rising relative to revenue. Net margin at -1.4% and gross margin of 78.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 247% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 2.8x
P/B Ratio: 4.0x

P/S of 2.8x and P/B of 4.0x. Over the past year, P/E is up 618% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $485.40M
Cash: $148.17M
Long-Term Debt: N/A
Book Value: $241.57M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $13.26M
TTM Free Cash Flow: $74.46M
FCF Margin: 21.7%
FCF / Net Income: -6.8

TTM FCF of $74.46M on $13.26M in operating cash flow. The FCF / Net Income ratio of -6.8x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 26% — a weakening trend.