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Ibotta vs MNTN: revenue, profit, margins and growth compared

Ibotta brought in $342.4M of revenue in fiscal 2025, MNTN $290.1M in fiscal 2025. Revenue changed by -6.8% at Ibotta and +28.6% at MNTN on the year before, so MNTN grew faster. Ibotta kept 1.0% of its revenue as net profit, MNTN -2.2%.

Side by side, latest fiscal year

IBTAMNTN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$342.4M$290.1M
Revenue growth-6.8%+28.6%
Net income$3.6M-$6.4M
Net margin1.0%-2.2%
Free cash flow$75Mn/a
Free cash flow margin21.9%n/a
Earnings per share (diluted)$0.12-$0.13
Cash$186.6M$210.2M
Debt$0n/a
Price to earnings342.2n/a
Market value$951.3M$823.6M
Dividend yieldn/an/a
Rank by revenue in sector#604 of 778 · Consumer discretionary#623 of 778 · Consumer discretionary

Over the years

Revenue
IBTA FY2022: $210.7MIBTA FY2024: $320MIBTA FY2024: $367.3MIBTA FY2025: $342.4MMNTN FY2025: $225.6MMNTN FY2025: $290.1MFY22FY24FY25
IBTA $342.4MMNTN $290.1M
Net income
IBTA FY2022: -$54.9MIBTA FY2024: $38.1MIBTA FY2024: $68.7MIBTA FY2025: $3.6MMNTN FY2025: -$32.9MMNTN FY2025: -$6.4MFY22FY24FY25
IBTA $3.6MMNTN -$6.4M
Net margin
IBTA FY2022: -26.0%IBTA FY2024: 11.9%IBTA FY2024: 18.7%IBTA FY2025: 1.0%MNTN FY2025: -14.6%MNTN FY2025: -2.2%FY22FY24FY25
IBTA 1.0%MNTN -2.2%
Revenue growth
IBTA FY2024: +51.9%IBTA FY2024: +14.8%IBTA FY2025: -6.8%MNTN FY2025: +28.6%FY24FY25
IBTA -6.8%MNTN +28.6%
Free cash flow
IBTA FY2022: -$57.3MIBTA FY2024: $22.2MIBTA FY2024: $115MIBTA FY2025: $75MFY22FY24FY25
IBTA $75MMNTN

Fiscal years as each company reports them; the two may end in different months.

Questions about Ibotta and MNTN

Which is bigger by revenue, Ibotta or MNTN?

Ibotta is bigger by revenue: $342.4M in fiscal 2025, against $290.1M for MNTN in fiscal 2025.

Which keeps more of its revenue as profit, Ibotta or MNTN?

Ibotta had a net margin of 1.0% in fiscal 2025; MNTN had -2.2% in fiscal 2025.

Which grew revenue faster, Ibotta or MNTN?

In their latest fiscal years revenue changed by -6.8% at Ibotta and +28.6% at MNTN.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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