What is Ibotta, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Ibotta, Inc.'s reported free cash flow gives $87.28 per share. The share price was $60.30 on November 10, 2026, 31% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $54.99 | -9% |
| Base | 15.0% | 9.0% | $87.28 | +45% |
| Bull | 20.0% | 8.0% | $147.42 | +144% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $111.73 | $119.36 | $128.67 | $140.32 | $155.30 |
| 8.0% | $93.36 | $98.31 | $104.15 | $111.16 | $119.73 |
| 9.0% | $80.00 | $83.38 | $87.28 | $91.83 | $97.21 |
| 10.0% | $69.87 | $72.27 | $74.99 | $78.11 | $81.70 |
| 11.0% | $61.94 | $63.70 | $65.67 | $67.89 | $70.40 |
Where the presets come from
Base: years 1 to 5 grow at Ibotta, Inc.'s revenue growth rate over the last 3 fiscal years (17.6% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions