IBOTTA INC CLASS A (IBTA)
Communication · Retail media and digital promotions platform · NYSE
Ibotta is a performance-based digital promotions platform that connects CPG brands with millions of consumers through retailers like Walmart and Instacart, earning on a per-redemption basis.
What IBOTTA INC CLASS A does
Ibotta operates the Ibotta Performance Network (IPN), a digital promotion platform that connects consumer packaged goods (CPG) brands with consumers through a network of publishers including Walmart, Instacart, DoorDash, and others. The company sources digital offers from brands and distributes them to consumers via its direct-to-consumer properties (mobile app, website, browser extension) and third-party publishers on a white-label basis. Revenue is generated on a success-based model where Ibotta earns when client promotions result in consumer transactions.
Themes: ["Digital promotions / coupon technology","CPG marketing platform","Retail media network","Consumer loyalty / cash back rewards","Performance-based advertising"]
Fundamentals
- Price$31.76 as of 2026-07-09 close
- Market cap$739M as of 2026-07-10
- 1-year return-14.8% as of 2026-07-09 close
- P/E206.77 as of 2026-07-10
- Net margin-2.1% as of 2026-07-10
- Gross margin+78.4% as of 2026-07-10
- ROE-2.4% as of 2026-07-10
- Debt / equity0.00 as of 2026-07-10
- Revenue growth (YoY)-7.9% as of 2026-07-10
- Revenue CAGR (3y)+17.6% SEC XBRL
- Beta0.95 as of 2026-07-10
Key risks (from latest filing)
["Macroeconomic sensitivity: revenue depends on CPG brands' promotional budgets which decline during recessions or slower growth periods, directly affecting client spending and offer redemptions","Platform reliance on major retailer partners: strategic relationships with Walmart, Instacart, DoorDash and others are critical to distribution; loss of or reduced commitment from these publishers would materially impact redemption volume and network scale","Declining operational efficiency: gross margin contracted from 80% to 76% YoY while adjusted EBITDA margin fell from 17% to 11%, signaling margin compression amid revenue headwinds"]
Competitors & peers
- Fetch Rewards
- Checkout.com
- Quotient Technology (Q.com)
- Upland Software (UPLD) — for promotional marketing solutions
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.