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Side-by-side financial comparison of California Resources Corp (CRC) and Ibotta, Inc. (IBTA). Click either name above to swap in a different company.

California Resources Corp is the larger business by last-quarter revenue ($119.0M vs $82.5M, roughly 1.4× Ibotta, Inc.). Ibotta, Inc. produced more free cash flow last quarter ($23.3M vs $-32.0M). Over the past eight quarters, Ibotta, Inc.'s revenue compounded faster (-3.1% CAGR vs -46.3%).

California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.

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.

CRC vs IBTA — Head-to-Head

Bigger by revenue
CRC
CRC
1.4× larger
CRC
$119.0M
$82.5M
IBTA
More free cash flow
IBTA
IBTA
$55.3M more FCF
IBTA
$23.3M
$-32.0M
CRC
Faster 2-yr revenue CAGR
IBTA
IBTA
Annualised
IBTA
-3.1%
-46.3%
CRC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CRC
CRC
IBTA
IBTA
Revenue
$119.0M
$82.5M
Net Profit
Gross Margin
76.4%
Operating Margin
-597.5%
10.4%
Net Margin
Revenue YoY
-2.5%
Net Profit YoY
EPS (diluted)
$-8.02
$-0.43

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
CRC
CRC
IBTA
IBTA
Q1 26
$119.0M
$82.5M
Q4 25
$679.0M
$88.5M
Q3 25
$715.0M
$83.3M
Q2 25
$702.0M
$86.0M
Q1 25
$814.0M
$84.6M
Q4 24
$826.0M
$98.4M
Q3 24
$870.0M
$98.6M
Q2 24
$412.0M
$87.9M
Net Profit
CRC
CRC
IBTA
IBTA
Q1 26
Q4 25
$12.0M
Q3 25
$64.0M
$1.5M
Q2 25
$172.0M
$2.5M
Q1 25
$115.0M
$555.0K
Q4 24
$33.0M
Q3 24
$345.0M
$17.2M
Q2 24
$8.0M
$-34.0M
Gross Margin
CRC
CRC
IBTA
IBTA
Q1 26
76.4%
Q4 25
78.7%
Q3 25
79.4%
Q2 25
79.2%
Q1 25
79.8%
Q4 24
84.6%
Q3 24
87.7%
Q2 24
86.0%
Operating Margin
CRC
CRC
IBTA
IBTA
Q1 26
-597.5%
10.4%
Q4 25
6.9%
-1.9%
Q3 25
13.7%
2.8%
Q2 25
38.0%
1.4%
Q1 25
22.9%
-3.3%
Q4 24
8.2%
13.2%
Q3 24
59.5%
21.0%
Q2 24
9.2%
-24.6%
Net Margin
CRC
CRC
IBTA
IBTA
Q1 26
Q4 25
1.8%
Q3 25
9.0%
1.8%
Q2 25
24.5%
2.9%
Q1 25
14.1%
0.7%
Q4 24
4.0%
Q3 24
39.7%
17.5%
Q2 24
1.9%
-38.6%
EPS (diluted)
CRC
CRC
IBTA
IBTA
Q1 26
$-8.02
$-0.43
Q4 25
$0.21
$-0.03
Q3 25
$0.76
$0.05
Q2 25
$1.92
$0.08
Q1 25
$1.26
$0.02
Q4 24
$0.87
$3.04
Q3 24
$3.78
$0.51
Q2 24
$0.11
$-1.32

Balance Sheet & Financial Strength

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

Metric
CRC
CRC
IBTA
IBTA
Cash + ST InvestmentsLiquidity on hand
$164.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.9B
$249.0M
Total Assets
$479.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRC
CRC
IBTA
IBTA
Q1 26
$164.6M
Q4 25
$132.0M
$186.6M
Q3 25
$196.0M
$223.3M
Q2 25
$72.0M
$250.5M
Q1 25
$214.0M
$297.1M
Q4 24
$372.0M
$349.3M
Q3 24
$241.0M
$341.3M
Q2 24
$1.0B
$317.9M
Total Debt
CRC
CRC
IBTA
IBTA
Q1 26
Q4 25
$0
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.1B
$0
Q3 24
$1.1B
$0
Q2 24
$1.2B
$0
Stockholders' Equity
CRC
CRC
IBTA
IBTA
Q1 26
$2.9B
$249.0M
Q4 25
$3.7B
$287.7M
Q3 25
$3.4B
$329.6M
Q2 25
$3.4B
$354.1M
Q1 25
$3.5B
$401.3M
Q4 24
$3.5B
$457.3M
Q3 24
$3.5B
$378.0M
Q2 24
$2.1B
$359.7M
Total Assets
CRC
CRC
IBTA
IBTA
Q1 26
$479.9M
Q4 25
$7.4B
$525.9M
Q3 25
$6.8B
$569.4M
Q2 25
$6.7B
$600.8M
Q1 25
$6.8B
$639.3M
Q4 24
$7.1B
$678.4M
Q3 24
$7.1B
$598.3M
Q2 24
$4.5B
$556.0M
Debt / Equity
CRC
CRC
IBTA
IBTA
Q1 26
Q4 25
0.00×
Q3 25
0.29×
Q2 25
0.30×
Q1 25
0.29×
Q4 24
0.32×
0.00×
Q3 24
0.32×
0.00×
Q2 24
0.57×
0.00×

Cash Flow & Capital Efficiency

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

Metric
CRC
CRC
IBTA
IBTA
Operating Cash FlowLast quarter
$99.0M
$30.4M
Free Cash FlowOCF − Capex
$-32.0M
$23.3M
FCF MarginFCF / Revenue
-26.9%
28.2%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$380.0M
$80.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRC
CRC
IBTA
IBTA
Q1 26
$99.0M
$30.4M
Q4 25
$235.0M
$27.8M
Q3 25
$279.0M
$21.8M
Q2 25
$165.0M
$25.9M
Q1 25
$186.0M
$19.9M
Q4 24
$206.0M
$22.0M
Q3 24
$220.0M
$39.5M
Q2 24
$97.0M
$35.0M
Free Cash Flow
CRC
CRC
IBTA
IBTA
Q1 26
$-32.0M
$23.3M
Q4 25
$115.0M
$20.3M
Q3 25
$188.0M
$14.5M
Q2 25
$109.0M
$22.2M
Q1 25
$131.0M
$18.0M
Q4 24
$118.0M
$21.8M
Q3 24
$141.0M
$39.2M
Q2 24
$63.0M
$34.8M
FCF Margin
CRC
CRC
IBTA
IBTA
Q1 26
-26.9%
28.2%
Q4 25
16.9%
22.9%
Q3 25
26.3%
17.4%
Q2 25
15.5%
25.8%
Q1 25
16.1%
21.2%
Q4 24
14.3%
22.1%
Q3 24
16.2%
39.8%
Q2 24
15.3%
39.6%
Capex Intensity
CRC
CRC
IBTA
IBTA
Q1 26
Q4 25
17.7%
8.5%
Q3 25
12.7%
8.7%
Q2 25
8.0%
4.2%
Q1 25
6.8%
2.2%
Q4 24
10.7%
0.2%
Q3 24
9.1%
0.3%
Q2 24
8.3%
0.2%
Cash Conversion
CRC
CRC
IBTA
IBTA
Q1 26
Q4 25
19.58×
Q3 25
4.36×
14.19×
Q2 25
0.96×
10.38×
Q1 25
1.62×
35.78×
Q4 24
6.24×
Q3 24
0.64×
2.29×
Q2 24
12.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CRC
CRC

Segment breakdown not available.

IBTA
IBTA

Redemption revenue$54.0M65%
Other$19.0M23%
Ad & other revenue$9.5M11%

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