Ibotta, Inc.
Description
Ibotta, Inc. operates as a technology company that offers Ibotta Performance Network (IPN) that allows consumer packaged goods brands to deliver digital promotions to consumers. It offers promotional services to publishers, retailers, and advertisers through the IPN. The company was formerly known as Zing Enterprises, Inc. and changed its name to Ibotta, Inc. in 2012. The company was incorporated in 2011 and is based in Denver, Colorado.
About
CEO
Mr. Bryan W. Leach
Employees
857
Instrument type
Common Stock
Sector
Technology
Industry
Software - Application
MIC code
XNYS
Address
1801 California Street, Denver, CO 80202, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 14, 2024 | 0.35 | 0.51 | 0.16 | 45.71% |
| Aug 14, 2024 | -0.85 | -1.32 | -0.47 | 55.29% |
| May 31, 2024 | 0.33 | 0.33 | 0.00 | 0.00% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 2 | — | 2 |
| Average estimate | — | 0.61 | — | 3.72 |
| Low estimate | — | 0.61 | — | 3.64 |
| High estimate | — | 0.62 | — | 3.79 |
| Last year EPS | — | 0.48 | — | 3.63 |
[stock_revenue_estimate]
Growth estimates
Current qtr
—
Next qtr. (Mar 2025)
27.720%
Current year
—
Next year (Dec 2025)
2.460%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | |
|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 |
| Total reported revenue | 320.04M | 210.70M |
| Cost of revenue | 43.99M | 46.18M |
| Gross profit | 276.05M | 164.53M |
| Operating expense | ||
| Research & development | 50.00M | 42.56M |
| Selling general and admin | 166.39M | 159.23M |
| Other operating expenses | — | — |
| Operating income | 56.00M | -40.31M |
| Non operating interest income | ||
| Income | — | — |
| Expense | — | — |
| Other income expense | -11.95M | -14.29M |
| Pretax income | 44.05M | -54.60M |
| Tax provision | 5.93M | 262,000 |
| Net income | 38.12M | -54.86M |
| Basic EPS | 1.39 | -2.00 |
| Diluted EPS | 1.39 | -2.00 |
| Basic average shares | 27.37M | 27.37M |
| Diluted average shares | 27.37M | 27.37M |
| EBITDA | 62.66M | -33.99M |
| Net income from continuing op. | 38.12M | -54.86M |
| Minority interests | — | — |
| Preferred stock dividends | — | — |
Balance sheet
| 2023 | 2022 | |
|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 |
| Total assets | 319.79M | 195.08M |
| Current assets | ||
| Cash | — | — |
| Cash equivalents | — | — |
| Cash and cash equivalents | 62.59M | 17.82M |
| Other short term investments | — | 27.68M |
| Accounts receivable | 226.44M | 121.56M |
| Other receivables | — | — |
| Inventory | — | — |
| Prepaid assets | — | — |
| Restricted cash | — | — |
| Assets held for sale | — | — |
| Hedging assets | — | — |
| Other current assets | 9.31M | 7.40M |
| Non current assets | ||
| Properties | — | — |
| Land and improvements | — | — |
| Machinery furniture equipment | 5.59M | 7.99M |
| Construction in progress | — | — |
| Leases | 5.86M | 5.86M |
| Accumulated depreciation | -8.91M | -10.04M |
| Goodwill | 12.84M | 8.75M |
| Investment properties | — | — |
| Financial assets | — | — |
| Intangible assets | 12.84M | 8.75M |
| Investments and advances | 4.53M | 4.53M |
| Other non current assets | 1.53M | 3.53M |
| Total liabilities | 291.86M | 229.87M |
| Current liabilities | ||
| Accounts payable | 8.94M | 5.86M |
| Accrued expenses | 6.43M | 4.93M |
| Short term debt | — | — |
| Deferred revenue | 2.63M | 3.05M |
| Tax payable | — | — |
| Pensions | 18.16M | 14.21M |
| Other current liabilities | 88.85M | 103.42M |
| Non current liabilities | ||
| Long term debt | 64.45M | 61.05M |
| Provision for risks and charges | — | — |
| Deferred liabilities | — | — |
| Derivative product liabilities | 25.40M | 20.40M |
| Other non current liabilities | 3.86M | 4.53M |
| Shareholders equity | ||
| Common stock | — | — |
| Retained earnings | -209.19M | -247.31M |
| Other shareholders equity | — | -126,000 |
| Total shareholders equity | 27.93M | -34.79M |
| Additional paid in capital | 237.12M | 212.64M |
| Treasury stock | — | — |
| Minority interest | — | — |
Cash flow statement
| 2023 | 2022 | |
|---|---|---|
| Operating Activities | ||
| Net Income | 38.12M | -54.86M |
| Depreciation | 6.66M | 6.32M |
| Deferred Taxes | — | — |
| Stock-Based Compensation | 6.99M | 6.50M |
| Other Non-Cash Items | 3.37M | 2.18M |
| Accounts Receivable | -105.71M | -34.51M |
| Accounts Payable | 1.82M | -4.53M |
| Other Assets & Liabilities | -13.63M | -2.65M |
| Operating Cash Flow | -62.38M | -81.55M |
| Investing Activities | ||
| Capital Expenditures | -548,000 | -785,000 |
| Net Intangibles | — | -1.25M |
| Net Acquisitions | — | — |
| Purchase of Investments | — | -65.98M |
| Sale of Investments | 27.90M | 38.57M |
| Investing Cash Flow | 27.35M | -28.20M |
| Financing Activities | ||
| Long-Term Debt Issuance | — | 78.50M |
| Long-Term Debt Payments | — | -5.17M |
| Other Financing Charges | -664,000 | -430,000 |
| Financing Cash Flow | -664,000 | 72.90M |
| Other Cash Details | ||
| End Cash Position | 62.59M | 17.82M |
| Income Tax Paid | 4.11M | 71,000 |
| Interest Paid | 5.49M | 3.52M |
| Free Cash Flow | 14.49M | -64.76M |
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Article
Ibotta To Announce Fourth Quarter 2024 Financial Results on February 26, 2025
DENVER--(BUSINESS WIRE)--Ibotta (NYSE: IBTA), which operates the largest digital promotions network in North America, announced today that it will report fourth quarter 2024 financial results after the market closes on Wednesday, February 26, 2025. Management will host a conference call and webcast to discuss Ibotta's financial results, recent developments, and business outlook at 2:30 p.m. MT/4:30 p.m. ET following the release of the financial results. What: Ibotta Fourth Quarter 2024 Financia.
Feb 3, 2025
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Ibotta: Scaling Growth With Strong Retailer Partnerships
I give a buy rating for Ibotta Inc. (IBTA), am an especially bullish about its strategic pivot to 3P partnerships. IBTA's IPN offers performance-based digital marketing for CPG brands, leveraging cashback incentives and promotional offers through D2C and third party (3P) segments. The 3P model expands IBTA's audience and revenue potential, reduces customer acquisition costs, and enhances gross profit margins, with Walmart (WMT) as a key growth anchor.
Jan 20, 2025
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DoorDash and Ibotta Partner to Help Consumers Save on Everyday Purchases
DENVER--(BUSINESS WIRE)--Ibotta (NYSE: IBTA), which operates the largest digital promotions network in North America, and DoorDash (NASDAQ: DASH), the local commerce platform, today announced a multi-year strategic partnership to provide DoorDash customers with access to Ibotta's industry-leading catalog of digital promotions. In joining the Ibotta Performance Network (IPN), DoorDash continues to create value for consumers with personalized promotions and coupons to further save on items in a r.
Jan 7, 2025
