Growth Metrics

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

Ibotta posted quarterly Research & Development of $14.5 million for Q1 2026, down 19.74% year-on-year from $18.1 million in Q1 2025, and up 1.8% on a QoQ basis from $14.2 million in Q4 2025.

Ibotta (IBTA) has 4 years of Research & Development data on file, last reported at $14.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development fell 19.74% year-over-year to $14.5 million; the trailing twelve-month figure through Mar 2026 stood at $57.5 million (down 15.04% YoY), and the FY2025 full-year result was $61.1 million, down 3.46% from the prior year.
  • Research & Development for Q1 2026 stood at $14.5 million, up from $14.2 million in the prior quarter.
  • Across five years, Research & Development topped out at $18.1 million in Q1 2025 and bottomed at $11.7 million in Q1 2023.
  • The 4-year median for Research & Development is $14.2 million (2025), against an average of $14.5 million.
  • The widest annual swing landed in 2024, when Research & Development soared 43.42%; it then retreated 19.74% in 2026.
  • A 4-year view of Research & Development shows it stood at $13.7 million in 2023, then grew by 15.55% to $15.8 million in 2024, then slipped by 9.94% to $14.2 million in 2025, then grew by 1.8% to $14.5 million in 2026.
  • The last three Research & Development figures came in at $14.5 million (Q1 2026), $14.2 million (Q4 2025), and $14.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Sap Se 253.17 Bn 235.20 Bn 8.16 Bn -1.99 Bn
2 Salesforce 171.07 Bn 161.50 Bn 8.69 Bn 1.62 Bn
3 Uber Technologies 151.10 Bn 150.06 Bn 11.88 Bn 951.00 Mn
4 Shopify 134.25 Bn 128.50 Bn 1.55 Bn 437.00 Mn
5 ServiceNow 105.72 Bn 100.54 Bn 2.83 Bn 823.00 Mn
6 Cadence Design Systems 101.64 Bn 100.23 Bn 1.26 Bn 508.44 Mn
7 Adobe 100.35 Bn 93.46 Bn 5.73 Bn 1.11 Bn
8 Automatic Data Processing 90.91 Bn 87.68 Bn 2.87 Bn 253.90 Mn
9 Intuit 88.30 Bn 81.52 Bn 6.77 Bn 840.00 Mn
10 Ibotta 777.95 Mn 613.36 Mn 63.03 Mn 14.50 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 14.50 Mn
Dec 31, 2025 14.25 Mn
Sep 30, 2025 14.02 Mn
Jun 30, 2025 14.75 Mn
Mar 31, 2025 18.07 Mn
Dec 31, 2024 15.82 Mn
Sep 30, 2024 16.29 Mn
Jun 30, 2024 17.53 Mn
Mar 31, 2024 13.64 Mn
Dec 31, 2023 13.69 Mn
Sep 30, 2023 12.39 Mn
Jun 30, 2023 12.22 Mn
Mar 31, 2023 11.70 Mn