Ibotta (IBTA) Cost of Revenue (2023 - 2026)

Ibotta's Cost of Revenue history runs 4 years deep, the most recent figure standing at $19.4 million for Q1 2026.

• Quarterly Cost of Revenue rose 13.8% year-over-year to $19.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $73.4 million (up 29.48% YoY) and the FY2025 annual result came in at $71.1 million, up 41.77% from the prior year.
• Cost of Revenue was $19.4 million for Q1 2026 at Ibotta, up from $18.9 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $19.4 million in Q1 2026 and bottomed at $9.6 million in Q2 2023.
• A 4-year average of $14.2 million and a median of $12.3 million in 2023 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2024 — Cost of Revenue dropped 6.53% — and 2025, when it soared 62.55%.
• Ibotta's Cost of Revenue stood at $12.3 million in 2023, then rose by 22.97% to $15.2 million in 2024, then increased by 24.72% to $18.9 million in 2025, then advanced by 2.93% to $19.4 million in 2026.
• Business Quant data shows IBTA's Cost of Revenue at $19.4 million in Q1 2026, $18.9 million in Q4 2025, and $17.1 million in Q3 2025.