Ibotta, Inc. (IBTA)

Revenue Breakdown

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Redemption Revenue	296.85M	297.24M	308.82M
Redemption Revenue Growth	-0.13%	-3.75%	26.63%
Ad & Other Revenue	43.45M	45.15M	58.43M
Ad & Other Revenue Growth	-3.78%	-22.72%	-23.27%
Revenue (Total)	340.30M	342.39M	367.25M
Revenue (Total) Growth	-0.61%	-6.77%	14.75%

Revenue Breakdown 2

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Direct-to-Consumer Revenue	132.05M	139.94M	186.99M
Direct-to-Consumer Revenue Growth	-5.64%	-25.16%	-22.04%
Third-Party Publishers Revenue	208.25M	202.45M	180.27M
Third-Party Publishers Revenue Growth	2.86%	12.31%	124.77%
Revenue (Total)	340.30M	342.39M	367.25M
Revenue (Total) Growth	-0.61%	-6.77%	14.75%

Key Performance Indicators

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Direct-to-Consumer Redemptions	80.70M	85.05M	116.10M
Direct-to-Consumer Redemptions Growth	-5.12%	-26.74%	-19.69%
Third-Party Publisher Redemptions	265.28M	255.80M	228.00M
Third-Party Publisher Redemptions Growth	3.70%	12.19%	104.23%
Total Redemptions	345.98M	340.85M	344.10M
Total Redemptions Growth	1.50%	-0.94%	34.31%
Direct-to-Consumer Redeemers	-	1.63M	1.86M
Direct-to-Consumer Redeemers Growth	-	-12.34%	-8.63%
Third-Party Publisher Redeemers	-	16.62M	12.81M
Third-Party Publisher Redeemers Growth	-	29.71%	106.86%
Total Redeemers	-	18.25M	14.67M
Total Redeemers Growth	-	24.37%	78.24%
Direct-to-Consumer Redemptions per Redeemer	51.20	52.10	62.30
Direct-to-Consumer Redemptions per Redeemer Growth	-1.73%	-16.37%	-12.13%
Third-Party Publisher Redemptions per Redeemer	15.30	15.40	17.80
Third-Party Publisher Redemptions per Redeemer Growth	-0.65%	-13.48%	-1.11%
Total Redemptions per Redeemer	18.30	18.70	23.50
Total Redemptions per Redeemer Growth	-2.14%	-20.43%	-24.44%
Direct-to-Consumer Redemption Revenue per Redemption	-	1.11	1.11
Direct-to-Consumer Redemption Revenue per Redemption Growth	-	-	-1.77%
Third-party Publisher Redemption Revenue per Redemption	-	0.79	0.79
Third-party Publisher Redemption Revenue per Redemption Growth	-	-	9.72%
Redemption Revenue per Redemption	-	0.87	0.90
Redemption Revenue per Redemption Growth	-	-3.33%	-5.26%
Number of Clients	-	900.00	830.00
Number of Clients Growth	-	8.43%	-2.35%
Number of Mobile App Registered Users	-	54.00M	52.00M
Number of Mobile App Registered Users Growth	-	3.85%	4.00%

Updated May 6, 2026. Data Source: Fiscal.ai.