Ibotta (IBTA) Cash Flow: Operating & Free Cash Flow

Ibotta Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Ibotta, Inc. (IBTA) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Operating Activities
Net Income	3.58	68.74	38.12	-54.86
Depreciation & Amortization	8.32	8.08	6.66	6.32
Deferred Income Tax	3.15	-53.62	0.00	0.00
Stock Based Compensation	44.14	76.22	6.99	6.50
Change in Working Capital	24.67	-52.76	-51.60	-26.78
Change in Accounts Receivable	10.24	4.40	-105.71	-34.51
Change in Accounts Payable	13.97	-0.91	1.82	-4.53
Change in Other Working Capital	0.18	1.40	52.29	12.26
Other Operating Activities	0.18	-8.69	22.55	12.32
Net Cash from Operating Activities	95.27	115.92	22.72	-56.50
Investing Activities
Capital Expenditures	-34.30	-0.87	-8.23	-8.26
Purchases of Investments	0.00	0.00	0.00	-65.98
Sales/Maturities of Investments	0.00	-9.33	27.90	38.57
Other Investing Activities	-14.01	-9.33	-7.68	0.00
Net Cash from Investing Activities	-34.30	-10.20	19.67	-35.68
Financing Activities
Debt Repayment	0.00	0.00	0.00	73.33
Common Stock Issued	12.34	222.96	2.40	76.12
Common Stock Repurchased	-232.97	-34.64	0.00	0.00
Other Financing Activities	-3.42	-6.94	-0.01	-75.41
Net Cash from Financing Activities	-224.05	181.38	2.39	74.05
Summary
Net Change in Cash	-163.08	287.10	44.77	-18.13
Cash at Beginning of Period	349.69	62.59	17.82	35.95
Cash at End of Period	186.61	349.69	62.59	17.82
Free Cash Flow	60.97	115.05	14.49	-64.76
Supplemental Disclosures
Interest Paid	-	2.58	5.49	3.52
Income Taxes Paid	-	13.21	4.11	0.07

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Ibotta Cash Flow

What is Ibotta's free cash flow?

Ibotta generated free cash flow of $60.97M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $95.27M minus $34.30M of capital expenditures. That was down 47.0% from $115.05M a year earlier. Free cash flow equaled 17.8% of revenue.

How much does Ibotta spend on capital expenditures?

Ibotta spent $34.30M on capital expenditures in fiscal 2025, compared with $871.00K a year earlier. That equals 36.0% of operating cash flow.

Does Ibotta pay dividends or buy back shares?

Yes. In fiscal 2025 Ibotta returned $232.97M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition