Ibotta, Inc.
TechnologyNYSE:IBTA · New York Stock Exchange
-$0.19 today
Vol 0.17M · Avg 0.23M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$340.3M of revenue converted into -$7.3M of net income for the selected period. Gross margin is 77.9% and net margin is -2.2%, showing how much revenue survives after costs and taxes. EPS is $-0.34, tying the income statement back to per-share earnings.
Income Statement
Annual data · 4 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $342.4M -6.8% | $367.3M +14.8% | $320.0M +51.9% | $210.7M | $1.0B | $809.6M | $921.6M |
| Cost of Revenue | $75.0M +49.6% | $50.1M +5.2% | $47.7M -3.2% | $49.2M | $344.8M | $725.6M | $804.0M |
| Gross Profit | $267.4M -15.7% | $317.1M +16.4% | $272.4M +68.7% | $161.5M | $10.3B | $8.9B | $7.6B |
| Gross Margin | 78.1% -8.2pp | 86.4% +1.2pp | 85.1% +8.5pp | 76.6% | 45.5% | 9.8% | 28.9% |
| Research & Development | $61.1M -3.5% | $63.3M +26.6% | $50.0M +17.5% | $42.6M | $378.4M | $983.2M | $1.3B |
| Selling, General & Admin | $207.2M -6.7% | $222.0M +33.4% | $166.4M +4.5% | $159.2M | $1.4B | $620.6M | $923.0M |
| Operating Expenses | $265.8M -8.1% | $289.2M +33.7% | $216.4M +7.2% | $201.8M | $3.6B | $5.3B | $7.0B |
| Depreciation & Amortization | $8.3M +3.0% | $8.1M +21.2% | $6.7M +5.5% | $6.3M | $1.2B | $374.2M | $1.2B |
| EBITDA | $18.2M -44.2% | $32.6M -43.4% | $57.6M +234.0% | -$43.0M | $12.6B | -$15.2B | $6.8B |
| EBITDA Margin | 5.3% -3.6pp | 8.9% -9.1pp | 18.0% +38.4pp | -20.4% | 10.0% | 5.6% | 46.3% |
| Operating Income | $1.7M -94.1% | $27.9M -50.1% | $56.0M +238.9% | -$40.3M | $10.6B | $12.3B | $14.0B |
| Operating Margin | 0.5% -7.1pp | 7.6% -9.9pp | 17.5% +36.6pp | -19.1% | 18.7% | 16.6% | 24.1% |
| Interest Income | $10.8M +14.5% | $9.4M | $0 | $0 | $1.3B | -$1.5B | -$1.6B |
| Interest Expense | $0 | $0 -100.0% | $6.9M +29.6% | $5.3M | $969.2M | $1.1B | $1.0B |
| Other Income / Expenses | $8.2M +338.9% | -$3.4M +71.3% | -$11.9M +16.4% | -$14.3M | -$1.6B | -$1.5B | $1.4B |
| Income Before Tax | $9.8M -59.8% | $24.5M -44.4% | $44.1M +180.7% | -$54.6M | -$15.6B | $3.3B | $4.9B |
| Pre-Tax Margin | 2.9% -3.8pp | 6.7% -7.1pp | 13.8% +39.7pp | -25.9% | 13.3% | 20.8% | 18.7% |
| Income Tax Expense | $6.3M +114.2% | -$44.2M -845.6% | $5.9M +2164.9% | $262.0K | $666.8M | $1.3B | -$1.6B |
| Net Income | $3.6M -94.8% | $68.7M +80.3% | $38.1M +169.5% | -$54.9M | $5.0B | $4.9B | $4.8B |
| Net Margin | 1.0% -17.7pp | 18.7% +6.8pp | 11.9% +37.9pp | -26.0% | 7.4% | 12.4% | 17.5% |
| EPS (Basic) | $0 -95.4% | $3 +126.2% | $1 +169.6% | -$2 | $1.2B | $400.8M | $703.2M |
| EPS (Diluted) | $0 -95.3% | $3 +103.2% | $1 +169.6% | -$2 | $620.6M | $766.2M | $609.4M |
| Weighted Avg Shares | $28.4M +17.6% | $24.1M -20.2% | $30.2M +0.0% | $30.2M | $892.2M | $757.8M | $925.8M |
| Weighted Avg Shares (Diluted) | $30.1M +12.1% | $26.9M -11.2% | $30.2M +0.0% | $30.2M | $319.6M | $1.2B | $924.4M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Full Truck Alliance Co. Ltd.
NYSE:YMM
$8.83B
Digital Turbine, Inc.
NASDAQ:APPS
$1.18B
Red Violet, Inc.
NASDAQ:RDVT
$775.99M
Riskified Ltd.
NYSE:RSKD
$760.46M
OppFi Inc.
NYSE:OPFI
$713.89M
Vtex
NYSE:VTEX
$640.63M
Docebo Inc.
NASDAQ:DCBO
$458.92M
Blend Labs, Inc.
NYSE:BLND
$409.18M
Exodus Movement, Inc.
AMEX:EXOD
$181.25M
Yimutian Inc. American Depositary Shares
YMT
$21.54M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does IBTA generate?
Ibotta, Inc. (IBTA) reported $342.39M of revenue in fiscal 2025.
Is IBTA profitable?
Ibotta, Inc. (IBTA) reported $3.58M of net income, with a net margin of 1.0%.
Explore More
Continue the stock analysis
Jump to another research area for this company.