Ibotta IBTA
NYSE IBTA
$38.37 +0.98 (+2.62%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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