Ibotta
IBTAMarket price data through August 3, 2026.
Performance
Apr 2024 – Aug 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- -67%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$75
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- January 2025
- The month this stock first became a Benson pick.
- Tracking duration
- 18 months
- How long Benson has been tracking this pick.
About Ibotta
Ibotta runs a digital cash-back app where shoppers earn rewards on everyday grocery and household purchases. The company makes money when big brands pay for promotions, and it reaches shoppers through partners like Walmart, Instacart, and DoorDash.
The case for and against
Both sides of the story, in plain English.
- Cash Cushion
Ibotta has 223 million dollars sitting in the bank, which is roughly a quarter of the entire company's value. That gives them plenty of runway to weather a slowdown, and they've been using some of it to buy back their own shares at depressed prices.
- Reach Expanding
Way more people are using the app thanks to new partnerships with Walmart, Instacart, and DoorDash. Total redeemers jumped 27% to over 17 million shoppers, and third-party redemptions grew double digits while the network keeps adding mainstream retailers.
- Sales Sliding
Revenue fell 16% last quarter to about 83 million dollars, a sharp reversal for a company that used to grow 50% a year. Guidance for this quarter calls for more of the same at 80 to 85 million dollars, with no clear bounce in sight.
- Margin Squeeze
Pushing volume through partners like Walmart means Ibotta has to share more of every dollar with the retailer. Net profit margin has collapsed to just 1%, and heavy stock-based compensation is eating into nearly all of the reported EBITDA.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-08-03. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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