Ibotta, Inc. (IBTA) Stock Price & Analysis
Ibotta, Inc. (IBTA) closed at USD 48.9 on Thursday, October 22, 2026, down 0.16% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 48.98; the Oct 22, 2026 session ranged USD 48.6–50.54 on volume of 310,907 shares. Market capitalization is $1.14B, with a 52-week range of USD 19.1–50.54 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:16 UTC.
Also available as compact Markdown for AI agents: nexqual.com/IBTA.md
Key facts (IBTA)
- Last four reported quarters (through Jun 30, 2026): revenue $343M, net income -$11.0M (-3.2% margin), free cash flow $74.5M (SEC filings).
- Analysts: Hold (mean 3.11 on a 1–5 scale) (9 analysts), mean target USD 36.57 (range 22–45).
- Total return with dividends: 1Y +46.5% vs S&P 500 +14.9%; 5Y -50.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD 0.44, revenue estimate $88.6M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (IBTA)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $211M | $320M | $367M | $342M | $343M |
| Gross profit | $165M | $276M | $317M | $271M | — |
| Operating income | -$40.3M | $56.0M | $27.9M | -$841K | -$12.0M |
| Net income | -$54.9M | $38.1M | $68.7M | $3.6M | -$11.0M |
| EPS (diluted) | -$6.33 | $1.42 | $2.56 | $0.12 | — |
| Free cash flow | -$57.3M | $22.2M | $115M | $75.0M | $74.5M |
| Gross margin | 78.1% | 86.3% | 86.4% | 79.2% | — |
| Operating margin | -19.1% | 17.5% | 7.6% | -0.2% | -3.5% |
| Net margin | -26.0% | 11.9% | 18.7% | 1.0% | -3.2% |
| Revenue growth | — | +51.9% | +14.8% | -6.8% | — |
| Cash + short-term investments | $17.8M | $62.6M | $349M | $187M | — |
| Total debt | — | $64.4M | $0K | $0K | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (IBTA)
P/S 3.3x · P/FCF 15.3x · P/B 4.7x · FCF yield 6.56% · Earnings yield -0.97% · Buyback yield (TTM) 14.40%
P/E at fiscal year-ends: Dec 2025 191.4x, Dec 2024 25.4x.
Analysts (IBTA)
Consensus Hold (mean 3.11 on a 1–5 scale), 9 analysts; mean target USD 36.57 (low 22, high 45).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-05 | UBS | Target raised | Neutral | $30 → $38 |
| 2026-08-04 | Goldman Sachs | Target raised | Sell | $28 → $32 |
| 2026-08-04 | Wells Fargo | Target raised | Equal-Weight | $38 → $40 |
| 2026-08-04 | Evercore ISI Group | Target raised | In-Line | $40 → $42 |
| 2026-08-04 | Needham | Reiterated | Buy | $45 |
| 2026-07-08 | Goldman Sachs | Target lowered | Sell | $32 → $28 |
Total return (dividends reinvested) (IBTA)
| 1Y (from 2025-10-23) | 5Y (from 2024-04-15) | |
|---|---|---|
| Total return | +46.5% | -50.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +46.6% | -24.1% |
| Volatility (annualized) | 76.9% | 79.6% |
| Max drawdown | -45.1% (Oct 2025→Feb 2026) | -81.0% (Apr 2024→Feb 2026) |
IBTA revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Redemption revenue | $80.2M | 90.2% | +9.5% |
| Ad & other revenue | $8.7M | 9.8% | -32.1% |
| Breakage | $2.4M | 2.7% | -10.0% |
| Total revenue | $88.9M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
IBTA suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Walmart (WMT) | “The Walmart Program Agreement can be terminated by Walmart with at least 270 days' notice to us (provided that Walmart cannot replace us during the then-remaining term of the Walmart Program Agreement with a digital offers program created by Walmart or a third party), and may be terminated under certain circumstances, including for material breach by either party.” |
| Partner | Maplebear Inc. (CART) | “This growth was driven primarily by the launch of new partners, namely Instacart and DoorDash, and growth at certain existing third-party publishers.” |
| Partner | DoorDash, Inc. (DASH) | “This growth was driven primarily by the launch of new partners, namely Instacart and DoorDash, and growth at certain existing third-party publishers.” |
| Partner | Apple (AAPL) | “For instance, we and our partners use mobile device identifiers such as Apple IDFA and Google AdID to” |
| Partner | Alphabet (Google) (GOOGL) | “For instance, we and our partners use mobile device identifiers such as Apple IDFA and Google AdID to” |
Quoted from the company's 10-K filed Feb 26, 2026.
IBTA company outlook (results filed Aug 3, 2026)
- “Financial Guidance: Third quarter 2026 outlook summary: • Revenue of $86 - $90 million, a year-over-year increase of 6% at the midpoint. • Adjusted EBITDA of $12 - $14 million, representing a margin of 14.8% at the midpoint.”
- “Guidance for adjusted EBITDA is earnings before interest income, net, provision for income taxes, and depreciation and amortization, and excludes stock-based compensation and other expense, net.”
Analysts expect $88.6M for the current quarter, 0.7% above the midpoint of the company's guidance ($88.0M).
Quoted word-for-word from the SEC 8-K results press release.
IBTA analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.44 | $0.39 | +13.2% | $88.6M | 3 |
| Next quarter (ends Dec 2026) | $0.45 | $0.44 | +3.9% | $93.4M | 3 |
| Current fiscal year (ends Dec 2026) | $1.59 | $1.42 | +12.5% | $353.3M | 3 |
| Next fiscal year (ends Dec 2027) | $1.88 | $1.68 | +12.2% | $384.7M | 3 |
IBTA options: expected move
Options price a move of about ±25.6% (±$12.50) by Nov 20, 2026, which includes earnings on Nov 2, 2026. Over the last 8 reports the stock moved ±26.8% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 112.6% | ±25.6% |
| Dec 18, 2026 | 56 | 87.9% | ±27.9% |
| Jan 15, 2027 | 84 | 83.9% | ±32.4% |
| Mar 19, 2027 | 147 | 77.5% | ±39.3% |
| Jun 17, 2027 | 237 | 76.2% | ±48.3% |
30-day implied volatility 110.8% vs 39.2% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:16 UTC)
| Price | USD 48.9 |
|---|---|
| Change | ▼ 0.16% (down) |
| Previous Close | USD 48.98 |
| Open | USD 48.81 |
| Day Range | USD 48.6 – 50.54 |
| 52-Week Range | USD 19.1 – 50.54 |
| Volume | 310,907 shares |
| Market Cap | $1.14B |
| Exchange | NYQ |
Technical Analysis (IBTA)
Nexqual's technical model rates IBTA "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:16 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 74.96 (overbought) |
| vs SMA50 | Above (USD 40.87) |
| MACD | 2.4 (positive) |
Analyst Ratings (IBTA)
Wall Street analysts rate IBTA "Hold" based on 9 analysts, with a mean price target of USD 36.57 (range USD 22–45), per Nexqual as of October 23, 2026 at 09:16 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 36.57 |
| High Target | USD 45 |
| Low Target | USD 22 |
| Buy / Hold / Sell | 1 / 6 / 2 |
Earnings (IBTA)
| Next Earnings Date | 2026-11-02 |
|---|---|
| EPS Estimate | USD 0.44 |
| Revenue Estimate | $88.60M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.46 vs est 0.37 ▲ beat |
| 2026-03-31 | USD 0.24 vs est 0.26 ▼ miss |
| 2025-12-31 | USD 0.29 vs est 0.35 ▼ miss |
| 2025-09-30 | USD 0.56 vs est 0.34 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Financials & Fundamentals (IBTA)
| Total Revenue | $343.17M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +3.30% |
| Gross Margin | +78.24% |
| Operating Margin | -2.11% |
| Profit Margin | -3.21% |
| ROE | -3.70% |
| Debt / Equity | 0.1 |
| Current Ratio | 1.71 |
| Total Cash | $148.17M |
| Total Debt | $25.13M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $74.46M (21.7% of revenue) |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Financial Health Score (IBTA)
Nexqual rates Ibotta, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:16 UTC.
| Growth | Weak — Revenue -7% YoY (annual), declining |
|---|---|
| Profitability | Solid — Gross margin 78%, operating -2% (last 12 months) |
| Balance Sheet | Strong — $187M cash and investments, no debt (Dec 2025, SEC) |
| Cash Flow | Strong — FCF $74M (last 4 quarters to Jun 2026, SEC), 22% margin |
| Efficiency | Critical — ROE -4%, ROA -1.2% |
Ownership (IBTA)
| Insider Ownership | +49.17% |
|---|---|
| Institutional Ownership | +49.78% |
| Shares Outstanding | 20.15M |
| Float | 7.28M |
| Short % of Float | +30.37% |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Leadership (IBTA)
Ibotta, Inc. is led by Bryan W. Leach, Founder, President, CEO & Chairman, per Nexqual as of October 23, 2026 at 09:16 UTC.
| Founder, President, CEO & Chairman | Bryan W. Leach |
|---|---|
| Chief Financial Officer | Matthew H. Puckett |
| Chief Technology Officer | Luke Swanson |
| Chief Revenue Officer | Chris Riedy |
| Senior Vice President of Business Marketing | Chris Boyd |
Major Backers & Investors (IBTA)
Notable institutional backers of Ibotta, Inc. include Koch, Inc. , Shaw D.E. & Co., Inc., Citigroup Inc., according to Nexqual as of October 23, 2026 at 09:16 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Koch, Inc. | 21.73% |
| Shaw D.E. & Co., Inc. | 8.37% |
| Citigroup Inc. | 3.19% |
| Notable Capital Management, L.L.C. | 1.66% |
| BNP Paribas Financial Markets | 1.65% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| HSBC Holdings PLC | 5.03% |
| BlackRock | 4.64% |
| Vanguard Group | 2.62% |
| Geode Capital | 1.37% |
| State Street | 1.35% |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
From Ibotta, Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- Since its debut in 2012 and as of December 31, 2025, our mobile app has attracted over 54 million registered users and been rated over 2.6 million times across the App Store and Google Play Store, earning an average of 4.7 out of 5 stars.
- We built our technology platform to be highly flexible and scalable with our API-first design, enabling clients, publishers, and retailers to seamlessly integrate with us.
- We further control the use of our proprietary technology and intellectual property rights through provisions in our agreements with partners.
- We leverage our unique dataset to power proprietary models that can be used to predict campaign performance, offer redemption velocity, and more.
Partnerships
- We continue to scale by deepening our collaboration with our existing clients and attracting new clients to our network.
Legal & Regulatory Risks (Item 1A, quoted)
- Our business is subject to complex and evolving laws, regulations, and industry standards, and unfavorable interpretations of, changes in, or our actual or perceived failure to comply with, these laws, regulations, and industry standards could materially adversely affect our business, financial condition, results of operations, and prospects.
- Compliance with these laws and regulations is a rigorous and time-intensive process, and we may be required to put in place additional mechanisms to ensure compliance with them.
- Failure to comply with federal and state privacy, data protection, marketing, and consumer protection laws, regulations, and industry standards, or the expansion of current, or the enactment or adoption of new privacy, data protection, marketing, and consumer protection laws, regulations, or industry standards, could materially adversely affect our business, financial condition, results of operations, and prospects.
- We expect that there will continue to be new proposed laws, regulations, and industry standards concerning privacy, data protection, and information security in the United States and we cannot yet determine the impact such future laws, regulations, and standards may have on our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| APPF | AppFolio, Inc. | USD 217.33 | ▲ 0.06% |
| DSGX | The Descartes Systems Group Inc | USD 94 | ▲ 1.74% |
| TTAN | ServiceTitan, Inc. | USD 85.2 | ▲ 3.5% |
| IDCC | InterDigital, Inc. | USD 332.06 | ▼ 0.78% |
| YMM | Full Truck Alliance Co. Ltd. | USD 8.35 | ▼ 1.76% |
| PCOR | Procore Technologies, Inc. | USD 62.29 | ▲ 2.27% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:16 UTC. This page is informational and not investment advice.
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