Ibotta IBTA
NYSE IBTA
$38.37 +0.98 (+2.62%)
At close: Sep 4, 2026 · 4:00 PM EDT

Ibotta (IBTA) Operating Expenses (2023 - 2026)

Ibotta's (IBTA) quarterly Operating Expenses came in at $71.6 million in Q2 2026, up 7.07% on a YoY basis from $66.9 million in Q2 2025, and down 3.07% quarter-over-quarter from $73.9 million in Q1 2026.

Analysis

Ibotta (IBTA) Operating Expenses (2023 - 2026) Analysis & Trends

Ibotta (IBTA) has reported Operating Expenses for 4 consecutive years, with $71.6 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 7.07% year-over-year to $71.6 million; the trailing twelve-month figure through Jun 2026 stood at $280.5 million (up 2.68% YoY), and the FY2025 full-year result was $272.2 million, down 5.89% from the prior year.
  • Operating Expenses declined to $71.6 million in Q2 2026 per IBTA's latest filing, from $73.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $97.3 million in Q2 2024 and bottomed at $47.4 million in Q1 2023.
  • Historically, Operating Expenses has averaged $66.2 million across 4 years, with a median of $66.3 million in 2024.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 103.02% in 2024, then sank 31.28% in 2025.
  • Over 4 years, Operating Expenses stood at $61.1 million in 2023, then grew by 15.0% to $70.3 million in 2024, then grew by 1.44% to $71.3 million in 2025, then rose by 0.45% to $71.6 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $71.6 million, $73.9 million, and $71.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alphabet 4,074.35 Bn 3,645.31 Bn 73.85 Bn 79.03 Bn
2 AppLovin 107.48 Bn 104.43 Bn 1.70 Bn 429.41 Mn
3 Trade Desk 6.78 Bn 5.29 Bn 530.72 Mn 613.48 Mn
4 Magnite 3.46 Bn 3.13 Bn 130.79 Mn 161.60 Mn
5 DoubleVerify Holdings 2.07 Bn 1.86 Bn 161.31 Mn 75.23 Mn
6 Digital Turbine 1.28 Bn 1.24 Bn - -
7 Quinstreet 1.06 Bn 929.83 Mn 49.81 Mn 21.08 Mn
8 Taboola.com 972.14 Mn 839.09 Mn 139.48 Mn 132.22 Mn
9 Mntn 960.26 Mn 722.98 Mn 66.30 Mn 59.18 Mn
10 Ibotta 893.28 Mn 745.11 Mn 69.72 Mn 71.60 Mn
Historic Data

Historic Data

Download Data
DateValue
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