Ibotta (IBTA) Research & Development (2023 - 2026)
Ibotta's (IBTA) quarterly Research & Development came in at $32.9 million in Q2 2026, up 14.13% on a YoY basis from $28.8 million in Q2 2025, and down 3.43% quarter-over-quarter from $34.0 million in Q1 2026.
Analysis
Ibotta (IBTA) Research & Development (2023 - 2026) Analysis & Trends
Ibotta (IBTA) has reported Research & Development for 4 consecutive years, with $32.9 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development rose 14.13% year-over-year to $32.9 million; the trailing twelve-month figure through Jun 2026 stood at $127.2 million (up 6.23% YoY), and the FY2025 full-year result was $118.9 million, down 14.57% from the prior year.
- Research & Development declined to $32.9 million in Q2 2026 per IBTA's latest filing, from $34.0 million in the prior quarter.
- Across five years, Research & Development topped out at $50.0 million in Q2 2024 and bottomed at $21.6 million in Q1 2023.
- Historically, Research & Development has averaged $31.4 million across 4 years, with a median of $31.4 million in 2025.
- The sharpest annual moves came in 2024 and 2025: Research & Development soared 125.23% in 2024, then slumped 42.4% in 2025.
- Over 4 years, Research & Development stood at $33.3 million in 2023, then declined by 0.0% to $33.3 million in 2024, then gained by 1.0% to $33.6 million in 2025, then declined by 2.26% to $32.9 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $32.9 million, $34.0 million, and $33.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,074.35 Bn | 3,645.31 Bn | 73.85 Bn | 18.22 Bn |
| 2 | AppLovin | 107.48 Bn | 104.43 Bn | 1.70 Bn | 99.90 Mn |
| 3 | Trade Desk | 6.78 Bn | 5.29 Bn | 530.72 Mn | 174.40 Mn |
| 4 | Magnite | 3.46 Bn | 3.13 Bn | 130.79 Mn | 47.00 Mn |
| 5 | DoubleVerify Holdings | 2.07 Bn | 1.86 Bn | 161.31 Mn | 48.26 Mn |
| 6 | Digital Turbine | 1.28 Bn | 1.24 Bn | - | - |
| 7 | Quinstreet | 1.06 Bn | 929.83 Mn | 49.81 Mn | 10.61 Mn |
| 8 | Taboola.com | 972.14 Mn | 839.09 Mn | 139.48 Mn | 67.16 Mn |
| 9 | Mntn | 960.26 Mn | 722.98 Mn | 66.30 Mn | 28.57 Mn |
| 10 | Ibotta | 893.28 Mn | 745.11 Mn | 69.72 Mn | 32.88 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.88 Mn |
| Mar 31, 2026 | 34.05 Mn |
| Dec 31, 2025 | 33.64 Mn |
| Sep 30, 2025 | 26.63 Mn |
| Jun 30, 2025 | 28.81 Mn |
| Mar 31, 2025 | 29.86 Mn |
| Dec 31, 2024 | 33.31 Mn |
| Sep 30, 2024 | 27.76 Mn |
| Jun 30, 2024 | 50.02 Mn |
| Mar 31, 2024 | 28.13 Mn |
| Dec 31, 2023 | 33.31 Mn |
| Sep 30, 2023 | 37.64 Mn |
| Jun 30, 2023 | 22.21 Mn |
| Mar 31, 2023 | 21.60 Mn |