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