Ibotta (IBTA) Research & Development (2023 - 2026)
Ibotta (IBTA) recorded Research & Development of $15.07 million in Q2 2026, up 2.2% from $14.75 million a year earlier and up 3.9% from the prior quarter.
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Analysis
Ibotta (IBTA) Research & Development (2023 - 2026) Analysis & Trends
On a TTM basis, Ibotta's Research & Development came in at $57.84 million as of Jun 30, 2026, down 10.9% year-over-year; for FY2025, it came in at $61.08 million, down 3.5% from FY2024.
- Annual Research & Development has a three-year compound annual growth rate of 12.8% (FY2022 to FY2025).
- Across earlier years, Research & Development came in at $63.27 million in FY2024 (+26.6%), $50 million in FY2023 (+17.5%) and $42.56 million in FY2022.
- The Q2 2026 figure is the highest quarterly Research & Development since Q1 2025.
- On a year-over-year basis, Research & Development rose in four of the last eight quarters, with growth averaging 2.8%.
- Peak year-over-year performance for Research & Development in the last five years was growth of 43.4% in Q2 2024, against a decline of 19.7% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $14.5 million (Q1 2026), $14.25 million (Q4 2025) and $14.02 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 1.01 Bn |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | -3.32 Bn |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 445.00 Mn |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 1.04 Bn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | - |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | -673.00 Mn |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 99.90 Mn |
| 10 | Ibotta | 929.36 Mn | 206.69 Mn | 69.72 Mn | 15.07 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.07 Mn |
| Mar 31, 2026 | 14.50 Mn |
| Dec 31, 2025 | 14.25 Mn |
| Sep 30, 2025 | 14.02 Mn |
| Jun 30, 2025 | 14.75 Mn |
| Mar 31, 2025 | 18.07 Mn |
| Dec 31, 2024 | 15.82 Mn |
| Sep 30, 2024 | 16.29 Mn |
| Jun 30, 2024 | 17.53 Mn |
| Mar 31, 2024 | 13.64 Mn |
| Dec 31, 2023 | 13.69 Mn |
| Sep 30, 2023 | 12.39 Mn |
| Jun 30, 2023 | 12.22 Mn |
| Mar 31, 2023 | 11.70 Mn |
API Access
Ibotta Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=IBTA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "IBTA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=IBTA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();