ZYBERNO
Stock Report
Updated Sep 1, 2026

IBOTTA, INC. (IBTA)

NYSE

$37.06

Professional Investment Analysis

ZYBERNO SCORE
Is it a great business? Is it getting better?
41.0/100
WEAK BUSINESS
IBOTTA, INC. (IBTA) scores 41/100 — weak fundamentals with mixed indicators requiring careful analysis before acting.
📊 How is the Zyberno Score calculated? +
VALUATION SIGNAL
MARGIN OF SAFETY
Is this stock cheap or expensive relative to what the business has historically generated for owners?
+6.5%
Fairly Valued
Growth gap unavailable — insufficient data for reverse DCF calculation.
🎯 Expected Annual Return
-3.5%
Margin of Safety convergence — your return if the market re-prices to intrinsic value (5-yr annualised)
21.2%
Yield + growth — what the business alone earns you, even if the market never re-rates
💰 How is Margin of Safety calculated? +
📈 How is Brina Gap calculated? +

Critical Financial Health Indicators

Return on Equity (Profitability):CRITICAL (-2.9%)
Debt-to-Equity (Solvency Risk):EXCELLENT (0.21x)
Operating Margin (Operational Efficiency):CRITICAL (-3.5%)
Return on Capital (Capital Efficiency):CRITICAL (-7.5%)
📊 Valuation Trilogy
Three interconnected metrics for complete valuation analysis
Click any metric for full methodology and detailed analysis
Zyberno's Verdict

IBOTTA, INC. (IBTA) stock report — Zyberno Score 41/100 (WEAK BUSINESS), Margin of Safety +6.5%, -4% expected annual return. Full financial analysis on Zyberno.

According to Zyberno's DCF model, IBOTTA, INC. (IBTA) trades at $37.06 against an estimated intrinsic value per share of $39.64 — a +6.5% Margin of Safety based on Owner Earnings of $96.76M TTM, projected at -4.8% growth for 10 years with a 2.5% terminal growth rate. Zyberno's model translates this into a 5-year expected return of -3.5% annually.

Over the trailing twelve months, IBTA generated $96.76M in Owner Earnings. Capital was deployed as follows: $44.83M returned via share buybacks, $21.47M invested in capital expenditures. Reinvestment rate: -133.2%. Owner Earnings have declined at 4.8% annually over the trailing five years using log-linear regression.

DIVISION I: EXECUTIVE SUMMARY
A. Market Valuation

Market Price & Capitalization (2)

Current Price:37.06
Market Cap:$862.78M

Valuation Multiples (3)

P/B Ratio:3.57x
P/S Ratio:2.51x
Peg Ratio:-999.00x

Enterprise Metrics (2)

Enterprise Value:$740.74M
Pfcf Ratio:10.23x

Price Action & Momentum (3)

Momentum Percentile:31 / 100
% of 52-Week High:91.5%
B. Profitability Assessment

Return Metrics (5)

ROA:-1.5%
Reinvestment Rate:-133.2%
Fundamental Growth Rate (g):10.0%

Margin Analysis (3)

Operating Margin Ttm:-3.5%
Net Margin Ttm:-2.3%
Ebitda Margin:-0.9%

TTM Performance (3)

Gross Margin Ttm:78.2%
Operating Margin Ttm:-3.5%
Net Margin Ttm:-2.3%

Yield Metrics (3)

Earnings Yield:-$0.97
Owner Earnings Yield:$11.22
Dividend Yield:0.0%
C. Log-Linear Regression Growth Trends

Revenue Growth (Linear) (1)

Revenue Growth Rate (Linear):-1.9%

Earnings Growth (Linear) (1)

Net Income Growth Rate (Linear):-50.0%

Cash Flow Growth (Linear) (2)

Free Cash Flow Growth Rate (Linear):-13.6%
Operating Cash Flow Growth Rate (Linear):0.5%

Operating Growth (Linear) (1)

Operating Income Growth Rate (Linear):-50.0%
D. Financial Stability

Liquidity Ratios (3)

Current Ratio:1.71x
Quick Ratio:1.71x
Cash Ratio:0.69x

Leverage Analysis (3)

Debt To Equity Ttm:0.21x
Debt-to-Equity Ratio:0.21x
Debt To Ebitda:-999.00x

Coverage Ratios (1)

Times Interest Earned:-999.00

Capital Structure (4)

Working Capital:152,167,000.00
Cash And Cash Equivalents:148,173,000.00
Long Term Debt:$25.13M
Net Debt:-$122.04M
DIVISION II: FINANCIAL STATEMENTS ANALYSIS
A. Income Statement Analysis

Revenue Components (2)

Revenue TTM: $343.17M
Linear Growth: -1.9%
📊 Click to view full IBTA Revenue analysis & methodology →
Cost Of Revenue Ttm:$74.67M

Profitability Breakdown (2)

Gross profit TTM: $268.50M
Linear Growth: -7.7%
📊 Click to view full IBTA Gross Profit analysis & methodology →
Operating income TTM: -$11.99M
Linear Growth: -50.0%
📊 Click to view full IBTA Operating Income analysis & methodology →

Bottom Line Performance (3)

Net income TTM: -$7.98M
Linear Growth: -50.0%
📊 Click to view full IBTA Net Income analysis & methodology →
Income Before Tax:-$4.39M
Ebitda Ttm:-2,959,000.00

Operating Expenses (5)

Operating Expenses:280,485,000.00
R And D Expense:57,843,000.00
Sga Expense:90,145,000.00
Income Tax Expense:$6.63M
Interest Expense:-2,307,000.00

Expense Ratios (3)

R And D To Revenue Percentage:65.1%
Sga To Revenue Percentage:101.4%
Ebitda Margin:-0.9%
B. Balance Sheet Analysis

Asset Composition (5)

Total Assets:$485.40M
Current Assets:$365.64M
Ppe Net:23,204,000.00
Goodwill:0.00
Intangible Assets:$0.00

Liability Structure (4)

Total Liabilities:243,826,000.00
Current Liabilities:213,468,000.00
Long Term Debt:$25.13M
Short Term Debt:$996.00K

Equity & Capital (3)

Equity:$241.57M
Retained Earnings:-$148.42M
Common Stock:0.00

Working Capital Items (3)

Accounts Receivable:203,391,000.00
Inventory:0.00
Accounts Payable:7,306,000.00

Special Items (2)

Contract Liabilities:0.00
Stock Based Compensation:15,044,000.00
C. Cash Flow Analysis

Operating Activities (2)

Operating cash flow TTM: $105.79M
Linear Growth: 49.0%
Free cash flow TTM: $84.32M
Linear Growth: -13.6%
📊 Click to view full IBTA Free Cash Flow analysis & methodology →

Investment Activities (2)

Investing Cash Flow:-$7.06M
Capital Expenditures Ttm:21,467,000.00

Financing Activities (3)

Financing Cash Flow:-$45.33M
Dividends Paid Ttm:0.00
Stock Repurchase:44,832,000.00

Capital Transactions (3)

Common Stock Issuance:2,788,000.00
Long Term Debt Issuance:$0.00
Long Term Debt Repayments:$0.00

Non-Cash Items (1)

Depreciation Amortization Ttm:9,026,000.00
DIVISION III: OPERATIONAL METRICS
A. Per Share Analysis

Earnings Per Share (3)

EPS (Basic TTM):-0.35
Eps diluted TTM: -$0.36
Linear Growth: -50.0%
📊 Click to view full IBTA EPS analysis & methodology →
Earnings Per Share Ttm:-$0.34

Revenue & Cash Per Share (3)

Sales Per Share Ttm:14.74
Operating Cash Flow Per Share:$4.09
Fcf Per Share Ttm:3.62

Book Value & Capital (2)

Book Value Per Share:$10.38
Cash Per Share:6.36

Dividend Policy (1)

Dividend Payout Ratio:-999.00x
B. Operational Efficiency

Asset Utilization (2)

Asset Turnover Ttm:0.67x
Working Capital Turnover Ttm:2.26x

Receivables Management (2)

Receivables Turnover Ttm:1.69x
Days Sales Outstanding Ttm:216.33

Inventory Management (2)

Inventory Turnover Ttm:-999.00x
Days Inventory Outstanding Ttm:-999.00

Payables & Cash Cycle (2)

Days Payable Outstanding:35.71
Cash Conversion Cycle:-818.38
C. Quality & Risk Metrics

Financial Quality Scores (2)

Financial Strength Score:100.00
Quality Score:95.00

Market Metrics (2)

Beta:0.00x
Volatility Category:unknown
DIVISION IV: INVESTMENT ANALYSIS
A. Value Investment Framework

Owner Earnings Analysis (3)

Owner earnings TTM: $96.76M
Linear Growth: -4.8%
📊 Click to view full IBTA Owner Earnings analysis & methodology →
Owner Earnings Per Share:$4.16
Owner Earnings Yield:$11.22

Growth Assessment (1)

Owner Earnings Growth Rate:-$4.84

Damodaran Growth Analysis (2)

Reinvestment Rate:-133.2%
Fundamental Growth Rate (g):10.0%

Intrinsic Value Models (1)

Margin of Safety (1)

Return Scenarios (2)

Investment Assessment (1)

Buffett Assessment:Fair value
B. Log-Linear Regression Growth Analysis

Growth Rates (Log-Linear Regression) (3)

Revenue Growth Rate (Linear):-1.9%
Net Income Growth Rate (Linear):-50.0%
Operating Income Growth Rate (Linear):-50.0%

Cash Flow Growth Rates (2)

Free Cash Flow Growth Rate (Linear):-13.6%
Operating Cash Flow Growth Rate (Linear):0.5%

Other Growth Rates (3)

Gross Profit Growth Rate (Linear):-7.7%
Book Value Growth Rate (Linear):28.3%
Owner Earnings Growth Rate:-$4.84
C. Company Profile & Context

Corporate Information (6)

Symbol:IBTA
Company Name:IBOTTA, INC.
Sector:Unknown
Industry:Services-Advertising
Exchange:NYSE
Country:United States

Market Classification (3)

Market Cap Category:N/A
Price Category:medium
Volume Category:N/A

Share Structure (3)

Shares Outstanding:23.28M
Shares Outstanding Basic:23.28M
Shares Outstanding Diluted:23.28M

Data Processing Info (3)

Processing Version:v3.0
Last Updated:2026-09-01 11:20:59 UTC
Data Timestamp:2026-09-01T11:20:59.774353
Scroll to Top