IBTAIbotta, Inc.
Services-Advertising
- Revenue
- $342M
- 6.8% YoY
- Operating margin
- -0.2%
- 103% YoY
- EBITDA
- $7M
- 79% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -19.8×
- −$148M net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear27× net incomeCash flow under 80% of net income
- Dilutive SBCFired13% of revenueOver 10% of revenue
- Payouts exceed cash flowFired245% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|
| Revenue | $211M | $320M | $367M | $342M | 6.8% |
| Operating income | −$40M | $56M | $28M | −$841K | 103% |
| Net income | −$55M | $38M | $69M | $4M | 95% |
| Operating cash flow | −$56M | $23M | $116M | $95M | 18% |
| Capex | $785K | $548K | $871K | $20M | 2230% |
| Stock-based comp | $7M | $7M | $47M | $44M | 5.9% |
| Buybacks | $25K | $0 | $31M | $233M | 644% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $11M | −$15M | 22 | 139 |
| FY2024 | $29M | $53M | 63 | 118 |