Ibotta (IBTA) Research & Development (2023 - 2026)
Ibotta's (IBTA) quarterly Research & Development came in at $14.5 million in Q1 2026, down 19.74% YoY from $18.1 million in Q1 2025, and down 56.89% on a QoQ basis from $33.6 million in Q4 2025.
Ibotta (IBTA) Research & Development (2023 - 2026) Analysis & Trends
Ibotta (IBTA) has 4 years of Research & Development data on file, last reported at $14.5 million in 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 fell to $14.5 million in Q1 2026, from $33.6 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $78.4 million in Q4 2023 to a low of $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.
- The widest YoY moves for Research & Development: up 125.23% in 2024, down 57.54% in 2024.
- Tracing IBTA's Research & Development over 4 years: stood at $78.4 million in 2023, then tumbled by 57.54% to $33.3 million in 2024, then increased by 1.0% to $33.6 million in 2025, then sank by 56.89% to $14.5 million in 2026.
- The last three Research & Development figures came in at $14.5 million (Q1 2026), $33.6 million (Q4 2025), and $14.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | Ibotta | 903.99 Mn | 755.81 Mn | 69.72 Mn | 32.88 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 32.88 Mn |
| 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 |