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 $87.22 per share. The share price was $41.06 on September 25, 2026, 53% 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% | $54.93 | +34% |
| Base | 15.0% | 9.0% | $87.22 | +112% |
| Bull | 20.0% | 8.0% | $147.36 | +259% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $111.68 | $119.30 | $128.62 | $140.27 | $155.24 |
| 8.0% | $93.31 | $98.25 | $104.09 | $111.11 | $119.68 |
| 9.0% | $79.94 | $83.32 | $87.22 | $91.77 | $97.15 |
| 10.0% | $69.81 | $72.21 | $74.94 | $78.05 | $81.64 |
| 11.0% | $61.88 | $63.64 | $65.61 | $67.83 | $70.34 |
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