Ibotta, Inc. Class A (IBTA) AI Stock Analysis

• Market Cap: $977.49M
• Dividend Yield: N/A
• Average Volume (3M): 317.98K
• Price to Earnings (P/E): 11.8
• Beta (1Y): 1.12
• Revenue Growth: 3.49%
• EPS Growth: 3378.45%
• Country: US
• Employees: 886
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.08
• Shares Outstanding: 25,261,362
• 10 Day Avg. Volume: 264,151
• 30 Day Avg. Volume: 317,984
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.91
• Enterprise Value/Revenue: 2.42
• Enterprise Value/Gross Profit: 2.91
• Enterprise Value/Ebitda: 18.02
• 1Y Price Target: $30.17
• Price Target Upside: -12.35% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 7

• Rating: 74 Outperform
• Price Target: $35.00 ▲(1.69% Upside)

Ibotta's strong financial performance and attractive valuation are key strengths, but technical indicators suggest caution due to potential overbought conditions. Earnings call insights reveal significant challenges impacting near-term growth, which weigh on the overall score.

Positive Factors

Strategic Partnership

The partnership with Circana enhances Ibotta's value proposition by providing CPG brands with better insights into campaign effectiveness, potentially increasing client retention and attracting new business, which supports long-term revenue growth.

Revenue Growth

Sustained revenue growth indicates successful market penetration and product adoption, supporting the company's long-term financial health and competitive position in the industry.

Balance Sheet Strength

A strong balance sheet with no debt enhances financial stability and flexibility, allowing Ibotta to invest in growth opportunities and weather economic downturns, supporting long-term resilience.

Negative Factors

Sales Reorganization Disruption

Sales disruptions from reorganization can lead to short-term revenue declines and impact client relationships, potentially hindering growth and operational efficiency in the medium term.

EBITDA Margin Decline

Declining EBITDA margins indicate rising operational costs or inefficiencies, which can pressure profitability and limit reinvestment capacity, affecting long-term financial performance.

Revenue Decline Guidance

Projected revenue decline reflects ongoing challenges in scaling performance marketing and sales disruptions, which could impact investor confidence and long-term growth prospects.

Ibotta, Inc. Class A Business Overview & Revenue Model

Company Description

Ibotta, Inc. operates as a technology company that offers Ibotta Performance Network (IPN) that allows consumer packaged goods brands to deliver digital promotions to consumers. It offers promotional services to publishers, retailers, and advertisers through the IPN. The company was formerly known as Zing Enterprises, Inc. and changed its name to Ibotta, Inc. in 2012. The company was incorporated in 2011 and is based in Denver, Colorado.

How the Company Makes Money

Ibotta generates revenue through a combination of advertising and transaction-based fees. The company partners with brands and retailers who pay Ibotta to promote their products through cash-back offers and advertisements on the platform. Each time a consumer redeems an offer, Ibotta earns a portion of the sale, which is shared with the consumer as cash back. Additionally, Ibotta may receive a fee for each transaction processed through its platform, contributing to its revenue streams. These partnerships with major retailers and brands enhance Ibotta's earnings potential, as the company continues to expand its user base and increase engagement on its platform.

Ibotta, Inc. Class A Financial Statement Overview

Summary

Ibotta, Inc. exhibits strong revenue growth and high profitability margins, with a robust balance sheet. Effective cash flow management is evident, though declining EBIT and EBITDA margins suggest operational efficiency issues.

Income Statement

Ibotta, Inc. shows strong revenue growth with a 14.74% increase from 2023 to 2024. The gross profit margin is healthy at 86.36% for 2024, indicating efficient cost management. Net profit margin improved significantly to 18.72%, reflecting enhanced profitability. However, EBIT margin declined to 7.60%, and EBITDA margin to 9.81%, suggesting increased operational costs or reduced operational efficiency.

Balance Sheet

The balance sheet is robust with zero total debt and a strong equity base, resulting in a debt-to-equity ratio of 0.00. The equity ratio is a substantial 67.40%, indicating strong financial stability. Return on equity (ROE) is high at 15.03%, highlighting effective use of equity. The significant increase in stockholders' equity from 2023 to 2024 is a positive sign.

Cash Flow

Operating cash flow increased significantly, leading to a strong operating cash flow to net income ratio of 1.69. Free cash flow also improved to $105.72 million, with a favorable free cash flow to net income ratio of 1.54. The company demonstrates effective cash flow management, although the capital expenditure remains substantial.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	367.60M	367.25M	320.04M	210.70M
Gross Profit	305.26M	317.13M	272.38M	161.48M
EBITDA	49.33M	32.58M	62.66M	-33.99M
Net Income	99.21M	68.74M	38.12M	-54.86M
Balance Sheet
Total Assets	600.78M	678.43M	319.79M	195.08M
Cash, Cash Equivalents and Short-Term Investments	250.55M	349.69M	62.59M	45.50M
Total Debt	24.92M	1.55M	67.75M	65.98M
Total Liabilities	246.65M	221.15M	291.86M	229.87M
Stockholders Equity	354.13M	457.28M	27.93M	-34.79M
Cash Flow
Free Cash Flow	98.88M	105.72M	14.49M	-64.76M
Operating Cash Flow	107.25M	115.92M	22.72M	-56.50M
Investing Cash Flow	-17.38M	-10.20M	19.67M	-35.68M
Financing Cash Flow	-157.12M	181.38M	2.38M	74.05M

Ibotta, Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 34.42
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IBTA, the sentiment is Positive. The current price of 34.42 is above the 20-day moving average (MA) of 31.80, above the 50-day MA of 28.80, and below the 200-day MA of 43.03, indicating a neutral trend. The MACD of 1.57 indicates Negative momentum. The RSI at 73.32 is Negative, neither overbought nor oversold. The STOCH value of 88.73 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IBTA.

Ibotta, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IBTA	―	$977.49M	11.75	27.02%	―	3.49%	3378.45%
Sector *	―	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SPT	―	$645.05M	―	-32.50%	―	14.79%	27.52%
OPFI	―	$872.19M	―	-209.49%	―	6.79%	-593.75%
DSP	―	$568.45M	268.75	5.20%	―	30.92%	―
SMRT	―	$261.42M	―	-25.48%	―	-28.45%	-224.48%
BMBL	―	$582.46M	―	-75.71%	―	-5.06%	-2318.18%

Ibotta, Inc. Class A Corporate Events

Ibotta’s Earnings Call: Strategic Moves Amid Challenges

Despite Ibotta’s strategic transformations and promising client feedback, the company’s recent earnings call highlighted financial underperformance and ongoing disruptions overshadowing positive developments. The macroeconomic environment further compounds these issues, creating a challenging landscape for Ibotta’s growth ambitions.

Ibotta Reports Mixed Q2 2025 Financial Results

Ibotta, Inc. is a leading provider of digital promotions for consumer packaged goods (CPG) brands, operating the largest item-level digital promotions network in North America, known as the Ibotta Performance Network (IPN). The company enables marketers to drive sales through digital offers and promotions, reaching over 200 million consumers.

Ibotta, Inc. Appoints Matt Puckett as CFO

On August 11, 2025, Ibotta, Inc. announced the appointment of Matt Puckett as Chief Financial Officer, effective August 25, 2025. Puckett, with extensive experience from VF Corporation, will lead Ibotta’s financial strategy and operations, aiming to enhance the company’s financial performance and support its growth in the digital promotions industry. This leadership change follows Ibotta’s recent launch of dynamic performance marketing campaigns, reinforcing its position in the market and commitment to innovation.

The most recent analyst rating on (IBTA) stock is a Buy with a $114.00 price target. To see the full list of analyst forecasts on Ibotta, Inc. Class A stock, see the IBTA Stock Forecast page.