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

Ibotta has reported Cost of Revenue for 4 years, with the latest figure at $34.0 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 99.2% year-over-year to $34.0 million; the trailing twelve-month figure through Mar 2026 stood at $108.4 million (up 14.77% YoY), and the FY2025 full-year result was $71.1 million, up 41.77% from the prior year.
• Cost of Revenue for Q1 2026 stood at $34.0 million, up from $18.9 million in the prior quarter.
• The five-year high for Cost of Revenue was $50.0 million in Q2 2024, with the low at $10.5 million in Q1 2024.
• Historically, Cost of Revenue has averaged $24.4 million across 4 years, with a median of $22.2 million in 2023.
• The largest YoY upside for Cost of Revenue was 125.23% in 2024 against a maximum downside of 67.66% in 2024.
• Ibotta's Cost of Revenue stood at $33.3 million in 2023, then tumbled by 54.51% to $15.2 million in 2024, then climbed by 24.72% to $18.9 million in 2025, then jumped by 80.19% to $34.0 million in 2026.
• The last three Cost of Revenue figures came in at $34.0 million (Q1 2026), $18.9 million (Q4 2025), and $26.6 million (Q3 2025), per Business Quant data.