Ibotta (IBTA) Cost of Revenue (2023 - 2026)
Ibotta's (IBTA) quarterly Cost of Revenue came in at $19.2 million in Q2 2026, up 7.03% on a YoY basis from $17.9 million in Q2 2025, and down 1.36% quarter-over-quarter from $19.4 million in Q1 2026.
Analysis
Ibotta (IBTA) Cost of Revenue (2023 - 2026) Analysis & Trends
Ibotta (IBTA) has reported Cost of Revenue for 4 consecutive years, with $19.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue rose 7.03% year-over-year to $19.2 million; the trailing twelve-month figure through Jun 2026 stood at $74.7 million (up 19.79% YoY), and the FY2025 full-year result was $71.1 million, up 41.77% from the prior year.
- Cost of Revenue retreated to $19.2 million in Q2 2026 per IBTA's latest filing, from $19.4 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.
- Historically, Cost of Revenue has averaged $14.6 million across 4 years, with a median of $13.7 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue decreased 6.53% in 2024, then jumped 62.55% in 2025.
- Over 4 years, 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 rose by 1.53% to $19.2 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $19.2 million, $19.4 million, and $18.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,074.35 Bn | 3,645.31 Bn | 73.85 Bn | 45.94 Bn |
| 2 | AppLovin | 107.48 Bn | 104.43 Bn | 1.70 Bn | 225.80 Mn |
| 3 | Trade Desk | 6.78 Bn | 5.29 Bn | 530.72 Mn | 184.33 Mn |
| 4 | Magnite | 3.46 Bn | 3.13 Bn | 130.79 Mn | 62.04 Mn |
| 5 | DoubleVerify Holdings | 2.07 Bn | 1.86 Bn | 161.31 Mn | 32.48 Mn |
| 6 | Digital Turbine | 1.28 Bn | 1.24 Bn | - | - |
| 7 | Quinstreet | 1.06 Bn | 929.83 Mn | 49.81 Mn | 324.07 Mn |
| 8 | Taboola.com | 972.14 Mn | 839.09 Mn | 139.48 Mn | 337.35 Mn |
| 9 | Mntn | 960.26 Mn | 722.98 Mn | 66.30 Mn | 16.24 Mn |
| 10 | Ibotta | 893.28 Mn | 745.11 Mn | 69.72 Mn | 19.19 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.19 Mn |
| Mar 31, 2026 | 19.45 Mn |
| Dec 31, 2025 | 18.90 Mn |
| Sep 30, 2025 | 17.14 Mn |
| Jun 30, 2025 | 17.93 Mn |
| Mar 31, 2025 | 17.09 Mn |
| Dec 31, 2024 | 15.15 Mn |
| Sep 30, 2024 | 12.17 Mn |
| Jun 30, 2024 | 12.28 Mn |
| Mar 31, 2024 | 10.52 Mn |
| Dec 31, 2023 | 12.32 Mn |
| Sep 30, 2023 | 10.78 Mn |
| Jun 30, 2023 | 9.64 Mn |
| Mar 31, 2023 | 11.25 Mn |