IBTA
TechnologyIbotta, Inc. · Software - Application · $860M
What is Ibotta, Inc.?
Ibotta, Inc. is a Denver-based technology company that connects consumer packaged goods brands with shoppers through digital promotions. Operating under its Ibotta Performance Network, the company serves publishers, retailers, and advertisers across a single platform.
Ibotta generates revenue by enabling consumer packaged goods brands to deliver targeted digital promotions to consumers at scale. Its core product, the Ibotta Performance Network (IPN), acts as a distribution layer connecting advertisers with publishers and retailers. Brands pay to place promotional offers within the network, and Ibotta earns fees based on performance. This model positions the company between the advertising and retail technology markets.
Incorporated in 2011 and formerly known as Zing Enterprises, Inc., Ibotta rebranded to its current name in 2012 and is headquartered in Denver, Colorado.
- Ibotta Performance Network (IPN) — digital promotion distribution platform
- Promotional services for consumer packaged goods advertisers
- Publisher and retailer integration tools
- Consumer-facing cash-back and rewards experiences
Is IBTA a Good Stock to Buy?
UQS Score rates IBTA as Below Average overall, reflecting meaningful challenges across several key quality dimensions.
The brightest spot in IBTA's profile is its Risk pillar, which rates Good — suggesting the company carries a relatively manageable risk profile compared to many small-cap technology peers. This provides some downside cushion for investors evaluating the name.
Quality, Moat, and Growth all rate Weak, indicating the business has not yet demonstrated durable competitive advantages or consistent financial strength. Valuation is rated Elevated, meaning the market may already be pricing in a recovery that the fundamentals have not yet supported.
Pro members can see the exact pillar breakdown and full financial metrics behind IBTA's UQS Score at uqs-score.com. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does IBTA pay dividends?
No — Ibotta, Inc. does not currently pay a dividend.
Ibotta does not currently pay a dividend. As a growth-oriented technology company still working to establish its market position, capital is directed toward platform development and network expansion rather than shareholder distributions. Investors seeking income from this sector may need to look elsewhere.
When does IBTA report earnings?
Ibotta reports earnings on a quarterly cadence, typical for US-listed equities.
The company's recent results reflect the early-stage nature of its business model, with growth metrics and profitability still developing relative to sector peers. Investors should monitor how advertiser adoption of the IPN evolves over coming quarters.
For the most recent quarter's results and guidance, visit Ibotta's investor relations page directly.
IBTA Price History
-64.8% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Ibotta, Inc.?
Based on Ibotta, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
IBTA Long-term Outlook
IBTA's Growth pillar rates Weak, suggesting the company has not yet demonstrated the revenue trajectory that would justify a premium valuation. With Valuation rated Elevated, the risk-reward balance warrants careful consideration. The Good Risk rating does offer some reassurance that near-term financial stability is not an immediate concern, but sustained improvement across Quality and Moat pillars would be needed to shift the overall outlook.
Growth drivers
- Expansion of the Ibotta Performance Network to new publisher and retailer partners
- Increasing digital promotion budgets from consumer packaged goods brands
- Broader adoption of performance-based advertising models in retail media
Key risks
- Weak Moat rating signals limited competitive differentiation in a crowded ad-tech landscape
- Elevated Valuation leaves little room for execution missteps
- Weak Quality rating reflects unproven financial durability at scale
IBTA vs Peers
Ibotta operates in a competitive landscape that includes software and technology platforms with varying business models and geographic focuses.
Enghouse focuses on enterprise software and communications solutions, contrasting with Ibotta's consumer promotion network model.
Amplitude provides product analytics software for digital businesses, competing for technology budgets but serving a different use case than Ibotta's promotion distribution.
Yalla operates a social networking and gaming platform primarily in the Middle East, representing a different geographic and product focus within the broader technology sector.
Frequently Asked Questions
What does Ibotta do?
Ibotta operates the Ibotta Performance Network, a digital promotions platform that connects consumer packaged goods brands with shoppers through publishers and retailers. Brands pay to distribute targeted offers, and Ibotta earns fees based on promotion performance. The platform sits at the intersection of advertising technology and retail media.
Does IBTA pay dividends?
No, Ibotta does not currently pay a dividend. The company is focused on growing its platform and expanding its network rather than returning capital to shareholders through distributions. Investors prioritizing income may want to consider this when evaluating the stock.
When does IBTA report earnings?
Ibotta reports on a quarterly cadence, consistent with US-listed public companies. Specific dates are not covered by our data source. For confirmed upcoming earnings dates, check Ibotta's investor relations page or a financial calendar service.
Is IBTA a good stock to buy?
UQS Score rates IBTA as Below Average, driven by Weak ratings across Quality, Moat, and Growth pillars. The Good Risk rating provides some stability, but the Elevated Valuation adds caution. The complete pillar breakdown is available to Pro members on uqs-score.com.
Is IBTA overvalued?
IBTA's Valuation pillar is rated Elevated, suggesting the current market price may not be fully supported by the company's underlying financial fundamentals. For investors focused on value, this is a meaningful consideration alongside the Weak Quality and Growth ratings.
How does IBTA compare to its competitors?
Ibotta's peers in the technology sector include Enghouse Systems, Amplitude, and Yalla Group — each with distinct business models. IBTA's focus on consumer promotion distribution sets it apart, though its Below Average UQS Score suggests it currently lags on several quality and growth dimensions relative to the broader sector.
What is IBTA's market cap bracket?
Ibotta is classified as a small-cap company. This places it in a segment of the market that can offer growth potential but typically carries higher volatility and less analyst coverage than large- or mega-cap peers.
Who founded Ibotta?
Ibotta was founded by Bryan Leach and incorporated in 2011 under the name Zing Enterprises, Inc., before rebranding to Ibotta in 2012. The company is headquartered in Denver, Colorado. Further founding details are widely available through public sources.
Is IBTA a long-term quality investment?
From a long-term quality perspective, IBTA's current UQS profile presents challenges. Weak ratings in Quality, Moat, and Growth suggest the business has not yet built the durable characteristics typically associated with long-term compounders. Monitoring improvement in these pillars over time would be key for long-term investors.
What is the main competitive advantage of Ibotta?
Ibotta's potential advantage lies in its network connecting brands, publishers, and retailers through a single promotions platform. However, the Moat pillar currently rates Weak, indicating this advantage has not yet translated into a clearly defensible market position relative to peers.
What sector does IBTA belong to?
Ibotta is classified in the Technology sector. More specifically, it operates within the advertising technology and retail media space, providing digital promotion infrastructure for consumer packaged goods brands.
Is IBTA a growth stock or value stock?
Based on UQS pillar labels, IBTA does not fit cleanly into either category at this time. Its Growth pillar rates Weak, and its Valuation pillar rates Elevated — meaning it carries a higher price relative to fundamentals without the growth profile to match. Pro members can view the full breakdown on uqs-score.com.
Unlock Full IBTA Analysis
Sign in to unlock the detailed analysis behind the UQS Score.
- ✓View the exact UQS Score and all five pillar ratings
- ✓Access full financial metrics and trend data
- ✓Compare IBTA against sector peers side by side
- ✓See the complete Quality and Moat breakdown
- ✓Get Valuation context relative to historical ranges
- ✓Track score changes with Pro member alerts
Pro Analysis
IBTA — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 39.3 | 46.5 | 25.0 | 14.0 | 71.1 | 53.0 | +0.1 |
| May 19, 2026 | 39.2 | 46.2 | 25.0 | 14.0 | 71.1 | 52.7 | -0.4 |
| May 18, 2026 | 39.6 | 47.2 | 25.0 | 14.0 | 71.1 | 53.7 | +0.3 |
| May 14, 2026 | 39.3 | 46.5 | 25.0 | 14.0 | 71.1 | 53.0 | +6.2 |
| May 9, 2026 | 33.1 | 24.8 | 25.0 | 0.0 | 46.2 | 91.1 | +1.7 |
| May 7, 2026 | 31.4 | 27.3 | 25.0 | 13.6 | 72.6 | 31.5 | -0.1 |
| May 3, 2026 | 31.5 | 27.3 | 25.0 | 13.6 | 72.6 | 32.0 | 0.0 |
| Apr 26, 2026 | 31.5 | 27.3 | 25.0 | 13.6 | 72.6 | 32.1 | 0.0 |
| Apr 19, 2026 | 31.5 | 27.3 | 25.0 | 13.6 | 72.6 | 32.0 | 0.0 |
| Apr 18, 2026 | 31.5 | 27.3 | 25.0 | 13.6 | 72.6 | 32.5 | -1.8 |
IBTA — Pillar Breakdown
Quality
— 46.5/100 (25%)Ibotta, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 14.0/100 (20%)Ibotta, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Risk
— 71.1/100 (15%)Ibotta, Inc. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 53.0/100 (15%)Ibotta, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 25/100 (25%)Ibotta, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for IBTA.
Score Composition
Financial Data
More Stock Analysis
How is the IBTA UQS Score Calculated?
The UQS (Unified Quality Score) for Ibotta, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Ibotta, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Ibotta, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.