Ibotta (IBTA) Research & Development (2023 - 2026)

Ibotta (IBTA) posted Research & Development of $14.5 million for Q1 2026, down 56.89% on a QoQ basis from $33.6 million in Q4 2025, and down 19.74% year-over-year from $18.1 million in Q1 2025.

Ibotta (IBTA) Research & Development (2023 - 2026) Analysis & Trends

Ibotta's Research & Development history runs 4 years deep, the most recent figure standing at $14.5 million for Q1 2026.

  • Quarterly Research & Development fell 19.74% year-over-year to $14.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $91.0 million (down 29.56% YoY) and the FY2025 annual result came in at $118.9 million, down 14.57% from the prior year.
  • Research & Development was $14.5 million for Q1 2026 at Ibotta, down from $33.6 million in the prior quarter.
  • Across five years, Research & Development topped out at $78.4 million in Q4 2023 and bottomed at $12.4 million in Q3 2023.
  • A 4-year average of $28.3 million and a median of $22.2 million in 2023 frame the typical range for Research & Development.
  • Peak annual rise in Research & Development reached 125.23% in 2024, while the deepest fall reached 57.54% in 2024.
  • Ibotta's Research & Development stood at $78.4 million in 2023, then sank by 57.54% to $33.3 million in 2024, then gained by 1.0% to $33.6 million in 2025, then tumbled by 56.89% to $14.5 million in 2026.
  • Business Quant data shows IBTA's Research & Development at $14.5 million in Q1 2026, $33.6 million in Q4 2025, and $14.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -1.99 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -37.02 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 496.00 Mn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 1.33 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 3.77 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 1.37 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 253.90 Mn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 588.95 Mn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 508.44 Mn
10 Ibotta 633.81 Mn 469.21 Mn 63.03 Mn 14.50 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 14.50 Mn
Dec 31, 2025 33.64 Mn
Sep 30, 2025 14.02 Mn
Jun 30, 2025 28.81 Mn
Mar 31, 2025 18.07 Mn
Dec 31, 2024 33.31 Mn
Sep 30, 2024 27.76 Mn
Jun 30, 2024 50.02 Mn
Mar 31, 2024 13.64 Mn
Dec 31, 2023 78.45 Mn
Sep 30, 2023 12.39 Mn
Jun 30, 2023 22.21 Mn
Mar 31, 2023 21.60 Mn