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| Date | Value |
|---|---|
| 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 |