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Side-by-side financial comparison of Ibotta, Inc. (IBTA) and Sila Realty Trust, Inc. (SILA). Click either name above to swap in a different company.

Ibotta, Inc. is the larger business by last-quarter revenue ($88.5M vs $50.1M, roughly 1.8× Sila Realty Trust, Inc.). On growth, Sila Realty Trust, Inc. posted the faster year-over-year revenue change (7.6% vs -10.0%). Over the past eight quarters, Ibotta, Inc.'s revenue compounded faster (3.7% CAGR vs -0.6%).

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.

Sila Realty Trust, Inc. is a U.S.-based real estate investment trust that owns, operates, and acquires high-quality income-generating commercial properties. Its core portfolio covers industrial logistics facilities, office assets and mixed-use properties, serving tenants across logistics, corporate and retail segments to deliver stable long-term returns.

IBTA vs SILA — Head-to-Head

Bigger by revenue
IBTA
IBTA
1.8× larger
IBTA
$88.5M
$50.1M
SILA
Growing faster (revenue YoY)
SILA
SILA
+17.6% gap
SILA
7.6%
-10.0%
IBTA
Faster 2-yr revenue CAGR
IBTA
IBTA
Annualised
IBTA
3.7%
-0.6%
SILA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IBTA
IBTA
SILA
SILA
Revenue
$88.5M
$50.1M
Net Profit
$5.0M
Gross Margin
78.7%
88.9%
Operating Margin
-1.9%
Net Margin
10.0%
Revenue YoY
-10.0%
7.6%
Net Profit YoY
-54.9%
EPS (diluted)
$-0.03
$0.10

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
IBTA
IBTA
SILA
SILA
Q4 25
$88.5M
$50.1M
Q3 25
$83.3M
$49.8M
Q2 25
$86.0M
$48.7M
Q1 25
$84.6M
$48.3M
Q4 24
$98.4M
$46.5M
Q3 24
$98.6M
$46.1M
Q2 24
$87.9M
$43.6M
Q1 24
$82.3M
$50.6M
Net Profit
IBTA
IBTA
SILA
SILA
Q4 25
$5.0M
Q3 25
$1.5M
$11.6M
Q2 25
$2.5M
$8.6M
Q1 25
$555.0K
$7.9M
Q4 24
$11.1M
Q3 24
$17.2M
$11.9M
Q2 24
$-34.0M
$4.6M
Q1 24
$9.3M
$15.0M
Gross Margin
IBTA
IBTA
SILA
SILA
Q4 25
78.7%
88.9%
Q3 25
79.4%
88.1%
Q2 25
79.2%
87.7%
Q1 25
79.8%
86.9%
Q4 24
84.6%
87.3%
Q3 24
87.7%
87.4%
Q2 24
86.0%
86.6%
Q1 24
87.2%
89.0%
Operating Margin
IBTA
IBTA
SILA
SILA
Q4 25
-1.9%
Q3 25
2.8%
Q2 25
1.4%
Q1 25
-3.3%
Q4 24
13.2%
Q3 24
21.0%
Q2 24
-24.6%
Q1 24
19.3%
Net Margin
IBTA
IBTA
SILA
SILA
Q4 25
10.0%
Q3 25
1.8%
23.3%
Q2 25
2.9%
17.6%
Q1 25
0.7%
16.4%
Q4 24
23.9%
Q3 24
17.5%
25.9%
Q2 24
-38.6%
10.6%
Q1 24
11.3%
29.6%
EPS (diluted)
IBTA
IBTA
SILA
SILA
Q4 25
$-0.03
$0.10
Q3 25
$0.05
$0.21
Q2 25
$0.08
$0.15
Q1 25
$0.02
$0.14
Q4 24
$3.04
$0.20
Q3 24
$0.51
$0.21
Q2 24
$-1.32
$0.08
Q1 24
$0.33
$0.26

Balance Sheet & Financial Strength

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

Metric
IBTA
IBTA
SILA
SILA
Cash + ST InvestmentsLiquidity on hand
$186.6M
$32.3M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$287.7M
$1.3B
Total Assets
$525.9M
$2.1B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBTA
IBTA
SILA
SILA
Q4 25
$186.6M
$32.3M
Q3 25
$223.3M
$27.7M
Q2 25
$250.5M
$24.8M
Q1 25
$297.1M
$30.5M
Q4 24
$349.3M
$39.8M
Q3 24
$341.3M
$28.6M
Q2 24
$317.9M
$87.0M
Q1 24
$79.5M
$90.2M
Total Debt
IBTA
IBTA
SILA
SILA
Q4 25
$0
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$65.3M
Stockholders' Equity
IBTA
IBTA
SILA
SILA
Q4 25
$287.7M
$1.3B
Q3 25
$329.6M
$1.3B
Q2 25
$354.1M
$1.4B
Q1 25
$401.3M
$1.4B
Q4 24
$457.3M
$1.4B
Q3 24
$378.0M
$1.4B
Q2 24
$359.7M
$1.5B
Q1 24
$44.1M
$1.5B
Total Assets
IBTA
IBTA
SILA
SILA
Q4 25
$525.9M
$2.1B
Q3 25
$569.4M
$2.1B
Q2 25
$600.8M
$2.0B
Q1 25
$639.3M
$2.0B
Q4 24
$678.4M
$2.0B
Q3 24
$598.3M
$2.0B
Q2 24
$556.0M
$2.1B
Q1 24
$322.1M
$2.1B
Debt / Equity
IBTA
IBTA
SILA
SILA
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
IBTA
IBTA
SILA
SILA
Operating Cash FlowLast quarter
$27.8M
$119.1M
Free Cash FlowOCF − Capex
$20.3M
FCF MarginFCF / Revenue
22.9%
Capex IntensityCapex / Revenue
8.5%
Cash ConversionOCF / Net Profit
23.76×
TTM Free Cash FlowTrailing 4 quarters
$75.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IBTA
IBTA
SILA
SILA
Q4 25
$27.8M
$119.1M
Q3 25
$21.8M
$30.0M
Q2 25
$25.9M
$31.9M
Q1 25
$19.9M
$24.1M
Q4 24
$22.0M
$132.8M
Q3 24
$39.5M
$29.1M
Q2 24
$35.0M
$31.6M
Q1 24
$19.4M
$36.6M
Free Cash Flow
IBTA
IBTA
SILA
SILA
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
IBTA
IBTA
SILA
SILA
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
IBTA
IBTA
SILA
SILA
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
IBTA
IBTA
SILA
SILA
Q4 25
23.76×
Q3 25
14.19×
2.59×
Q2 25
10.38×
3.71×
Q1 25
35.78×
3.06×
Q4 24
11.95×
Q3 24
2.29×
2.43×
Q2 24
6.84×
Q1 24
2.08×
2.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IBTA
IBTA

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

SILA
SILA

Segment breakdown not available.

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