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Ibotta vs National CineMedia: IBTA and NCMI compared
Ibotta is the larger company: $97.8M of revenue in its latest quarter (Q3 2026) against $58.4M for National CineMedia (Q2 2026). Ibotta is growing faster (+18% against +13% a year earlier). Ibotta is more profitable, with an operating margin of 4.8% against -21.9%.
Where the money goes: IBTA and NCMI
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.
National CineMedia (NCMI) · Q2 2026
National CineMedia, Q2 2026: revenue $58.4M (+13% year over year), operating margin -21.9%, net loss $9.9M, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.
| Ibotta (IBTA) | National CineMedia (NCMI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $97.8M | $58.4M |
| Revenue growth, Y/Y | +18% | +13% |
| Operating margin | 4.8% | -21.9% |
| Net earnings | −$3.5M | −$9.9M |
| Net margin | -3.6% | -17.0% |
| Operating cash flow | $22.0M | −$1.5M |
| Free cash flow | $16.8M | — |
Where the revenue comes from
Ibotta
- Redemption revenue: $88.5M (91%)
- Ad & other revenue: $9.3M (9%)
National CineMedia
- National Advertising Revenue: $44.9M (77%)
- Local Advertising Revenue: $9.5M (16%)
- Founding Member Advertising Revenue From Beverage Concessionaire Agreements: $4.0M (7%)
Questions
Which is bigger, Ibotta or National CineMedia?
Ibotta is the larger company: $97.8M of revenue in its latest quarter (Q3 2026) against $58.4M for National CineMedia (Q2 2026).
Is Ibotta or National CineMedia growing faster?
Ibotta is growing faster (+18% against +13% a year earlier).
Which is more profitable, Ibotta or National CineMedia?
Ibotta is more profitable, with an operating margin of 4.8% against -21.9%.
More: Ibotta earnings · how Ibotta makes money · National CineMedia earnings · how National CineMedia makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Aug 11, 2026). Fiscal quarters can end on different dates. Not investment advice.