Last 9 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 208.08 | — | 139.25 | 111.86 | 631.74 | 7.17 | 30.20 | — | — | — |
| — | — | +361.1% | — | — | — | — | — | — | — | |
| P/S Ratio | 2.36 | 1.69 | 2.59 | 3.24 | 4.14 | 5.56 | 5.24 | 6.54 | — | — |
| — | -69.7% | -50.6% | -50.5% | — | — | — | — | — | — | |
| P/B Ratio | 2.61 | 2.08 | 2.62 | 3.15 | 3.49 | 4.78 | 5.47 | 6.40 | — | — |
| — | -56.6% | -52.1% | -50.8% | — | — | — | — | — | — | |
| P/FCF | 10.77 | 7.36 | 14.88 | 14.77 | 19.51 | 28.12 | 14.10 | 18.62 | — | — |
| — | -73.8% | +5.5% | -20.7% | — | — | — | — | — | — | |
| EV / EBITDA | 210.47 | — | 46.09 | 97.14 | — | 30.85 | 18.90 | — | — | — |
| — | — | +143.9% | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | 31.67 | 57.41 | 584.48 | 31.31 | 20.85 | — | — | — |
| — | — | +51.9% | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Ibotta, Inc.'s operating margin was -1.9% in Q4 2025, down 4.7 pp QoQ and down 15.0 pp YoY. The trailing four-quarter average of -0.2% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 6.2% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 79.2% | 79.4% | 78.6% | 79.2% | 79.8% | 84.6% | 87.7% | 86.0% | 87.2% | 87.6% |
| — | -6.2% | -10.3% | -8.0% | -8.5% | -3.5% | — | — | — | — | |
| Operating Margin | -0.2% | -1.9% | 2.8% | 1.4% | -3.3% | 13.2% | 21.0% | -24.6% | 19.3% | 26.3% |
| — | -114.1% | -86.5% | +105.8% | -117.2% | -50.0% | — | — | — | — | |
| Net Margin | 4.7% | 13.0% | 1.8% | 2.9% | 0.7% | 77.4% | 17.5% | -38.6% | 11.3% | 18.7% |
| — | -83.2% | -89.5% | +107.5% | -94.2% | +313.9% | — | — | — | — |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.3% | 3.7% | 0.4% | 0.7% | 0.1% | 18.2% | 4.7% | -16.8% | 25.8% | 66.8% |
| — | -79.5% | -90.4% | +103.9% | -99.5% | -72.7% | — | — | — | — | |
| ROA | 2.7% | 2.1% | 0.3% | 0.4% | 0.1% | 11.9% | 3.0% | -7.7% | 2.9% | 5.8% |
| — | -82.3% | -91.2% | +105.2% | -97.1% | +104.7% | — | — | — | — | |
| ROIC | -0.5% | -1.0% | 1.4% | 0.7% | -1.8% | 13.4% | 39.6% | -45.3% | 40.0% | 66.1% |
| — | -107.1% | -96.6% | +101.6% | -104.4% | -79.7% | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 31.1% YoY to 1.96x, tightening the short-term liquidity position. Debt/Equity has risen for 4 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.09 | 0.09 | 0.08 | 0.07 | 0.06 | — | — | — | 1.48 | 2.31 |
| — | — | — | — | -95.9% | — | — | — | — | — | |
| Debt / EBITDA | 8.30 | — | 7.02 | 10.90 | — | — | — | — | 3.66 | 2.37 |
| — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.96 | 1.96 | 2.21 | 2.37 | 2.69 | 2.85 | 2.72 | 2.81 | 1.65 | 1.51 |
| — | -31.1% | -19.0% | -15.8% | +62.6% | +89.2% | — | — | — | — | |
| Quick Ratio | 1.96 | 1.96 | 2.21 | 2.37 | 2.69 | 2.85 | 2.72 | 2.81 | 1.65 | 1.51 |
| — | -31.1% | -19.0% | -15.8% | +62.6% | +89.2% | — | — | — | — | |
| Interest Coverage | — | — | — | — | — | — | — | — | 8.81 | 12.44 |
| — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 9 years · Updated daily
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Start ComparisonIbotta, Inc.'s current P/E is 208.1x. The average P/E over the last 3 quarters is 294.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Ibotta, Inc.'s current operating margin is -0.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Ibotta, Inc.'s business trajectory between earnings reports.