Filing Flows

Filing Flows › Companies › Ibotta › Cash flow

Ibotta cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$21.5M in Q3 2026 · $81.5M over twelve months

Operating cash flow$22.0M
Capital spending−$442K
Free cash flow+$21.5M
Cash conversion cycle165 days

Analysis

In Q3 2026, Ibotta generated $22.0M of operating cash flow and spent $442K on capital projects, leaving free cash flow of $21.5M. That is $7.0M more than in Q3 2025 ($14.5M).

Over the twelve months to Sep 30, 2026, operating cash flow was $93.4M; the largest uses were buybacks ($139M), other investing ($16.7M), capital spending ($11.9M); besides operations, cash came from shares issued ($5.6M), other financing ($2.7M); the cash balance fell by $73.5M.

Operating cash flow was $22.0M against net income of −$3.5M. The largest differences: receivables −$18.1M, stock-based pay +$13.1M, prepaid and other assets +$6.8M.

Its cash conversion cycle was 165 days (receivables 200 + inventory 0 − payables 35).

Free cash flow

Ibotta: free cash flow by quarterIbotta: free cash flow by quarter$21.8MQ4 2024$18.0MQ1 2025$22.2MQ2 2025$14.5MQ3 2025$20.3MQ4 2025$27.3MQ1 2026$12.4MQ2 2026$21.5MQ3 2026
Operating cash flow less capital spending.
Ibotta: operating cash flow against capital spendingIbotta: operating cash flow against capital spendingOperating cash flowCapital spending$22.0M$216KQ4 2024$19.9M$1.9MQ1 2025$25.9M$3.6MQ2 2025$21.8M$7.2MQ3 2025$27.8M$7.5MQ4 2025$30.4M$3.1MQ1 2026$13.3M$890KQ2 2026$22.0M$442KQ3 2026
Latest (Q3 2026): Operating cash flow $22.0M, Capital spending $442K.

Capital allocation, year by year

Ibotta: where the cash came from (up) and went (down), by fiscal yearIbotta: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksFY2022: Operating cash flow −$56.5MFY2022: Net borrowing $73.3MFY2022: Shares issued $1.1MFY2022: Capital spending −$785KFY2022: Buybacks −$25K$74.5MFY2022FY2023: Operating cash flow $22.7MFY2023: Shares issued $3.0MFY2023: Capital spending −$548K$25.8MFY2023FY2024: Operating cash flow $116MFY2024: Shares issued $16.3MFY2024: Capital spending −$871KFY2024: Buybacks −$31.3M$132MFY2024FY2025: Operating cash flow $95.3MFY2025: Shares issued $9.1MFY2025: Capital spending −$20.3MFY2025: Buybacks −$233M$104MFY2025
Over these 4 years operating cash flow totalled $177M; the largest uses were buybacks ($264M) and operating cash flow ($56.5M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$150M
Debtnone
Net cash$150M

Ibotta funds itself: free cash flow was $81.5M over the last twelve months, with $150M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Ibotta: sources (+) and uses (−) of cash, Q3 2026Ibotta: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$22.0MBuybacks−$13.9MOther investing−$4.7MTaxes on employees’ shares−$3.4MShares issued$2.2MCash drawn (+) / kept (−)−$1.7MCapital spending−$442K
Ibotta: sources (+) and uses (−) of cash, TTM to Q3 2026Ibotta: sources (+) and uses (−) of cash, TTM to Q3 2026Buybacks−$139MOperating cash flow$93.4MCash drawn (+) / kept (−)$73.5MOther investing−$16.7MCapital spending−$11.9MTaxes on employees’ shares−$7.0MShares issued$5.6MOther financing$2.7M

From profit to cash

Ibotta: net income to operating cash flow, Q3 2026Ibotta: net income to operating cash flow, Q3 2026Net income−$3.5MDepreciation & amortization$3.7MStock-based pay$13.1MDeferred taxes$5.9MReceivables−$18.1MPayables$92KAccrued liabilities$3.0MDeferred revenue−$154KPrepaid and other assets$6.8MOther liabilities$41KOperating cash flow$22.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 2026200—35165
Q2 2026198—34163
Q1 2026214—42172
Q4 2025219—64155
Q3 2025233—70164
Q2 2025220—56164
Q1 2025227—49179
Q4 2024210—47163

Every quarter

QuarterOperating cash flowCapital spendingBuybacksShares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$22.0M−$442K−$13.9M$2.2M−$1.7M$21.5M
Q2 2026$13.3M−$890K−$26.0M$1.9M$16.4M$12.4M
Q1 2026$30.4M−$3.1M−$44.8M$656K$22.0M$27.3M
Q4 2025$27.8M−$7.5M−$54.8M$812K$36.7M$20.3M
Q3 2025$21.8M−$7.2M−$38.0M$955K$27.3M$14.5M
Q2 2025$25.9M−$3.6M−$70.4M$4.0M$46.9M$22.2M
Q1 2025$19.9M−$1.9M−$69.8M$3.4M$52.2M$18.0M
Q4 2024$22.0M−$216K−$15.7M$5.8M−$8.4M$21.8M

Ibotta: income statement and cash flow

Ibotta, Q3 2026: revenue $97.8M (+18% year over year), operating margin 4.8%. The chart follows the revenue to costs, profit and cash.

Ibotta: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.