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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and Ibotta, Inc. (IBTA). Click either name above to swap in a different company.

Ibotta, Inc. is the larger business by last-quarter revenue ($88.5M vs $46.9M, roughly 1.9× Caledonia Mining Corp Plc). On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs -10.0%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs 3.7%).

Hochschild Mining plc is a leading British-based silver and gold mining business operating in North, Central, and South America. It is headquartered in Lima, Peru, with a corporate office in London, is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The main shareholder is the Peruvian businessman Eduardo Hochschild.

Ibotta, Inc. is an American mobile technology company headquartered in Denver, Colorado. Founded in 2011, the company offers cash back rewards on various purchases through its Ibotta Performance Network and direct to consumer app. Ibotta partners with CPG brands and network publishers to provide these rewards. As of 2024, the company operates solely in the United States. The company's rewards-as-a-service offering, the Ibotta Performance Network, went live in 2022.

CMCL vs IBTA — Head-to-Head

Bigger by revenue
IBTA
IBTA
1.9× larger
IBTA
$88.5M
$46.9M
CMCL
Growing faster (revenue YoY)
CMCL
CMCL
+23.8% gap
CMCL
13.8%
-10.0%
IBTA
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
3.7%
IBTA

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
CMCL
CMCL
IBTA
IBTA
Revenue
$46.9M
$88.5M
Net Profit
$3.3M
Gross Margin
41.2%
78.7%
Operating Margin
18.6%
-1.9%
Net Margin
7.0%
Revenue YoY
13.8%
-10.0%
Net Profit YoY
-33.3%
EPS (diluted)
$0.13
$-0.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CMCL
CMCL
IBTA
IBTA
Q4 25
$88.5M
Q3 25
$83.3M
Q2 25
$86.0M
Q1 25
$84.6M
Q4 24
$98.4M
Q3 24
$46.9M
$98.6M
Q2 24
$50.1M
$87.9M
Q1 24
$38.5M
$82.3M
Net Profit
CMCL
CMCL
IBTA
IBTA
Q4 25
Q3 25
$1.5M
Q2 25
$2.5M
Q1 25
$555.0K
Q4 24
Q3 24
$3.3M
$17.2M
Q2 24
$10.2M
$-34.0M
Q1 24
$2.1M
$9.3M
Gross Margin
CMCL
CMCL
IBTA
IBTA
Q4 25
78.7%
Q3 25
79.4%
Q2 25
79.2%
Q1 25
79.8%
Q4 24
84.6%
Q3 24
41.2%
87.7%
Q2 24
45.8%
86.0%
Q1 24
35.9%
87.2%
Operating Margin
CMCL
CMCL
IBTA
IBTA
Q4 25
-1.9%
Q3 25
2.8%
Q2 25
1.4%
Q1 25
-3.3%
Q4 24
13.2%
Q3 24
18.6%
21.0%
Q2 24
32.2%
-24.6%
Q1 24
13.8%
19.3%
Net Margin
CMCL
CMCL
IBTA
IBTA
Q4 25
Q3 25
1.8%
Q2 25
2.9%
Q1 25
0.7%
Q4 24
Q3 24
7.0%
17.5%
Q2 24
20.3%
-38.6%
Q1 24
5.4%
11.3%
EPS (diluted)
CMCL
CMCL
IBTA
IBTA
Q4 25
$-0.03
Q3 25
$0.05
Q2 25
$0.08
Q1 25
$0.02
Q4 24
$3.04
Q3 24
$0.13
$0.51
Q2 24
$0.42
$-1.32
Q1 24
$0.07
$0.33

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMCL
CMCL
IBTA
IBTA
Cash + ST InvestmentsLiquidity on hand
$7.2M
$186.6M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$231.0M
$287.7M
Total Assets
$339.7M
$525.9M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
IBTA
IBTA
Q4 25
$186.6M
Q3 25
$223.3M
Q2 25
$250.5M
Q1 25
$297.1M
Q4 24
$349.3M
Q3 24
$7.2M
$341.3M
Q2 24
$15.4M
$317.9M
Q1 24
$1.8M
$79.5M
Total Debt
CMCL
CMCL
IBTA
IBTA
Q4 25
$0
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$65.3M
Stockholders' Equity
CMCL
CMCL
IBTA
IBTA
Q4 25
$287.7M
Q3 25
$329.6M
Q2 25
$354.1M
Q1 25
$401.3M
Q4 24
$457.3M
Q3 24
$231.0M
$378.0M
Q2 24
$231.1M
$359.7M
Q1 24
$220.3M
$44.1M
Total Assets
CMCL
CMCL
IBTA
IBTA
Q4 25
$525.9M
Q3 25
$569.4M
Q2 25
$600.8M
Q1 25
$639.3M
Q4 24
$678.4M
Q3 24
$339.7M
$598.3M
Q2 24
$338.5M
$556.0M
Q1 24
$321.8M
$322.1M
Debt / Equity
CMCL
CMCL
IBTA
IBTA
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
1.48×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMCL
CMCL
IBTA
IBTA
Operating Cash FlowLast quarter
$4.6M
$27.8M
Free Cash FlowOCF − Capex
$20.3M
FCF MarginFCF / Revenue
22.9%
Capex IntensityCapex / Revenue
8.5%
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters
$75.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMCL
CMCL
IBTA
IBTA
Q4 25
$27.8M
Q3 25
$21.8M
Q2 25
$25.9M
Q1 25
$19.9M
Q4 24
$22.0M
Q3 24
$4.6M
$39.5M
Q2 24
$19.1M
$35.0M
Q1 24
$19.4M
Free Cash Flow
CMCL
CMCL
IBTA
IBTA
Q4 25
$20.3M
Q3 25
$14.5M
Q2 25
$22.2M
Q1 25
$18.0M
Q4 24
$21.8M
Q3 24
$39.2M
Q2 24
$34.8M
Q1 24
$19.2M
FCF Margin
CMCL
CMCL
IBTA
IBTA
Q4 25
22.9%
Q3 25
17.4%
Q2 25
25.8%
Q1 25
21.2%
Q4 24
22.1%
Q3 24
39.8%
Q2 24
39.6%
Q1 24
23.3%
Capex Intensity
CMCL
CMCL
IBTA
IBTA
Q4 25
8.5%
Q3 25
8.7%
Q2 25
4.2%
Q1 25
2.2%
Q4 24
0.2%
Q3 24
0.3%
Q2 24
0.2%
Q1 24
0.2%
Cash Conversion
CMCL
CMCL
IBTA
IBTA
Q4 25
Q3 25
14.19×
Q2 25
10.38×
Q1 25
35.78×
Q4 24
Q3 24
1.40×
2.29×
Q2 24
1.87×
Q1 24
2.08×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CMCL
CMCL

Segment breakdown not available.

IBTA
IBTA

Redemption Revenue$78.5M89%
Ad Other Revenue$10.0M11%
Breakage$2.1M2%

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