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Ibotta vs Mntn: IBTA and MNTN compared
Ibotta is the larger company: $97.8M of revenue in its latest quarter (Q3 2026) against $80.3M for Mntn (Q3 2026). Ibotta is growing faster (+18% against +15% a year earlier). Mntn is more profitable, with an operating margin of 10.9% against 4.8%.
Where the money goes: IBTA and MNTN
Ibotta (IBTA) · Q3 2026
Ibotta, Q3 2026: revenue $97.8M (+18% year over year), operating margin 4.8%, net loss $3.5M, operating cash flow $22.0M. The chart follows the revenue to costs, profit and cash.
Mntn (MNTN) · Q3 2026
Mntn, Q3 2026: revenue $80.3M (+15% year over year), operating margin 10.9%, net earnings $7.7M, operating cash flow $9.5M. The chart follows the revenue to costs, profit and cash.
| Ibotta (IBTA) | Mntn (MNTN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $97.8M | $80.3M |
| Revenue growth, Y/Y | +18% | +15% |
| Gross margin | — | 78.8% |
| Operating margin | 4.8% | 10.9% |
| Net earnings | −$3.5M | $7.7M |
| Net margin | -3.6% | 9.6% |
| Operating cash flow | $22.0M | $9.5M |
| Free cash flow | $16.8M | — |
Where the revenue comes from
Ibotta
- Redemption revenue: $88.5M (91%)
- Ad & other revenue: $9.3M (9%)
Questions
Which is bigger, Ibotta or Mntn?
Ibotta is the larger company: $97.8M of revenue in its latest quarter (Q3 2026) against $80.3M for Mntn (Q3 2026).
Is Ibotta or Mntn growing faster?
Ibotta is growing faster (+18% against +15% a year earlier).
Which is more profitable, Ibotta or Mntn?
Mntn is more profitable, with an operating margin of 10.9% against 4.8%.
More: Ibotta earnings · how Ibotta makes money · Mntn earnings · how Mntn makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 8-K filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.