Ibotta (IBTA) Operating Expenses (2023 - 2026)
Ibotta's (IBTA) quarterly Operating Expenses came in at $73.9 million in Q1 2026, up 5.09% YoY from $70.3 million in Q1 2025, and up 3.64% on a QoQ basis from $71.3 million in Q4 2025.
Ibotta (IBTA) Operating Expenses (2023 - 2026) Analysis & Trends
Ibotta (IBTA) has 4 years of Operating Expenses data on file, last reported at $73.9 million in Q1 2026.
- Quarterly Operating Expenses rose 5.09% year-over-year to $73.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $275.8 million (down 9.17% YoY) and the FY2025 annual result came in at $272.2 million, down 5.89% from the prior year.
- Operating Expenses rose to $73.9 million in Q1 2026, from $71.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $97.3 million in Q2 2024 to a low of $47.4 million in Q1 2023.
- A 4-year average of $65.8 million and a median of $65.7 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses surged 103.02% — and 2025, when it plunged 31.28%.
- Tracing IBTA's Operating Expenses over 4 years: stood at $61.1 million in 2023, then advanced by 15.0% to $70.3 million in 2024, then advanced by 1.44% to $71.3 million in 2025, then gained by 3.64% to $73.9 million in 2026.
- The last three Operating Expenses figures came in at $73.9 million (Q1 2026), $71.3 million (Q4 2025), and $63.8 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Ibotta | 903.99 Mn | 755.81 Mn | 69.72 Mn | 71.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 71.60 Mn |
| Mar 31, 2026 | 73.87 Mn |
| Dec 31, 2025 | 71.27 Mn |
| Sep 30, 2025 | 63.75 Mn |
| Jun 30, 2025 | 66.87 Mn |
| Mar 31, 2025 | 70.29 Mn |
| Dec 31, 2024 | 70.26 Mn |
| Sep 30, 2024 | 65.74 Mn |
| Jun 30, 2024 | 97.30 Mn |
| Mar 31, 2024 | 55.91 Mn |
| Dec 31, 2023 | 61.10 Mn |
| Sep 30, 2023 | 63.64 Mn |
| Jun 30, 2023 | 47.93 Mn |
| Mar 31, 2023 | 47.38 Mn |