Ibotta Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	352.24	367.25	320.04	210.7
Revenue Growth (YoY)	-4.42%	14.75%	51.89%	-
Cost of Revenue	67.31	50.12	43.99	46.18
Gross Profit	284.93	317.13	276.05	164.53
Selling, General & Admin	203.46	221.95	166.39	159.23
Research & Development	61.56	62.7	49.83	41.82
Operating Expenses	268.57	288.63	219.88	204.1
Operating Income	16.36	28.5	56.17	-39.58
Interest Expense	-	-	-6.88	-5.31
Interest & Investment Income	12.94	9.41	-	-
Other Non Operating Income (Expenses)	-0.05	-3.16	-5.06	-4.44
EBT Excluding Unusual Items	29.25	34.76	44.22	-49.33
Gain (Loss) on Sale of Investments	-	-	-	-4.53
Asset Writedown	-0.39	-0.57	-0.17	-0.74
Other Unusual Items	-0.06	-9.69	-	-
Pretax Income	26.6	24.5	44.05	-54.6
Income Tax Expense	-54.15	-44.25	5.93	0.26
Net Income	80.75	68.74	38.12	-54.86
Net Income to Common	80.75	68.74	38.12	-54.86
Net Income Growth	619.95%	80.34%	-	-
Shares Outstanding (Basic)	29	24	9	9
Shares Outstanding (Diluted)	34	27	27	9
Shares Change (YoY)	44.03%	-0.22%	210.43%	-
EPS (Basic)	2.74	2.85	4.26	-6.33
EPS (Diluted)	2.40	2.56	1.42	-6.33
EPS Growth	395.09%	80.28%	-	-
Free Cash Flow	76.47	115.05	22.17	-57.28
Free Cash Flow Per Share	2.27	4.28	0.82	-6.61
Gross Margin	80.89%	86.35%	86.25%	78.09%
Operating Margin	4.65%	7.76%	17.55%	-18.78%
Profit Margin	22.93%	18.72%	11.91%	-26.04%
Free Cash Flow Margin	21.71%	31.33%	6.93%	-27.19%
EBITDA	18.24	30.78	59.03	-36.66
EBITDA Margin	5.18%	8.38%	18.45%	-17.40%
D&A For EBITDA	1.87	2.28	2.86	2.92
EBIT	16.36	28.5	56.17	-39.58
EBIT Margin	4.65%	7.76%	17.55%	-18.78%
Effective Tax Rate	-	-	13.47%	-
Advertising Expenses	-	31.4	24.7	29.6

Source: S&P Capital IQ. Standard template. Financial Sources.