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Side-by-side financial comparison of Ibotta, Inc. (IBTA) and Uni-Fuels Holdings Ltd (UFG). Click either name above to swap in a different company.

Uni-Fuels Holdings Ltd is the larger business by last-quarter revenue ($114.6M vs $82.5M, roughly 1.4× Ibotta, Inc.). Ibotta, Inc. produced more free cash flow last quarter ($23.3M vs $-4.7M).

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.

Uni-Fuels Holdings Ltd is an Australian energy company focused on the distribution and retail of petroleum products including gasoline, diesel and marine fuels, serving consumer, commercial and industrial clients across Oceania, with a network of retail fuel stations and bulk fuel supply infrastructure.

IBTA vs UFG — Head-to-Head

Bigger by revenue
UFG
UFG
1.4× larger
UFG
$114.6M
$82.5M
IBTA
More free cash flow
IBTA
IBTA
$28.0M more FCF
IBTA
$23.3M
$-4.7M
UFG

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
IBTA
IBTA
UFG
UFG
Revenue
$82.5M
$114.6M
Net Profit
$91.0K
Gross Margin
76.4%
1.8%
Operating Margin
10.4%
0.2%
Net Margin
0.1%
Revenue YoY
-2.5%
Net Profit YoY
EPS (diluted)
$-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
IBTA
IBTA
UFG
UFG
Q1 26
$82.5M
Q4 25
$88.5M
Q3 25
$83.3M
Q2 25
$86.0M
$114.6M
Q1 25
$84.6M
Q4 24
$98.4M
Q3 24
$98.6M
Q2 24
$87.9M
Net Profit
IBTA
IBTA
UFG
UFG
Q1 26
Q4 25
Q3 25
$1.5M
Q2 25
$2.5M
$91.0K
Q1 25
$555.0K
Q4 24
Q3 24
$17.2M
Q2 24
$-34.0M
Gross Margin
IBTA
IBTA
UFG
UFG
Q1 26
76.4%
Q4 25
78.7%
Q3 25
79.4%
Q2 25
79.2%
1.8%
Q1 25
79.8%
Q4 24
84.6%
Q3 24
87.7%
Q2 24
86.0%
Operating Margin
IBTA
IBTA
UFG
UFG
Q1 26
10.4%
Q4 25
-1.9%
Q3 25
2.8%
Q2 25
1.4%
0.2%
Q1 25
-3.3%
Q4 24
13.2%
Q3 24
21.0%
Q2 24
-24.6%
Net Margin
IBTA
IBTA
UFG
UFG
Q1 26
Q4 25
Q3 25
1.8%
Q2 25
2.9%
0.1%
Q1 25
0.7%
Q4 24
Q3 24
17.5%
Q2 24
-38.6%
EPS (diluted)
IBTA
IBTA
UFG
UFG
Q1 26
$-0.43
Q4 25
$-0.03
Q3 25
$0.05
Q2 25
$0.08
Q1 25
$0.02
Q4 24
$3.04
Q3 24
$0.51
Q2 24
$-1.32

Balance Sheet & Financial Strength

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

Metric
IBTA
IBTA
UFG
UFG
Cash + ST InvestmentsLiquidity on hand
$164.6M
$6.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.0M
$12.3M
Total Assets
$479.9M
$30.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBTA
IBTA
UFG
UFG
Q1 26
$164.6M
Q4 25
$186.6M
Q3 25
$223.3M
Q2 25
$250.5M
$6.8M
Q1 25
$297.1M
Q4 24
$349.3M
Q3 24
$341.3M
Q2 24
$317.9M
Total Debt
IBTA
IBTA
UFG
UFG
Q1 26
Q4 25
$0
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$0
Stockholders' Equity
IBTA
IBTA
UFG
UFG
Q1 26
$249.0M
Q4 25
$287.7M
Q3 25
$329.6M
Q2 25
$354.1M
$12.3M
Q1 25
$401.3M
Q4 24
$457.3M
Q3 24
$378.0M
Q2 24
$359.7M
Total Assets
IBTA
IBTA
UFG
UFG
Q1 26
$479.9M
Q4 25
$525.9M
Q3 25
$569.4M
Q2 25
$600.8M
$30.9M
Q1 25
$639.3M
Q4 24
$678.4M
Q3 24
$598.3M
Q2 24
$556.0M
Debt / Equity
IBTA
IBTA
UFG
UFG
Q1 26
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.00×
Q2 24
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
IBTA
IBTA
UFG
UFG
Operating Cash FlowLast quarter
$30.4M
$-4.7M
Free Cash FlowOCF − Capex
$23.3M
$-4.7M
FCF MarginFCF / Revenue
28.2%
-4.1%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-51.96×
TTM Free Cash FlowTrailing 4 quarters
$80.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IBTA
IBTA
UFG
UFG
Q1 26
$30.4M
Q4 25
$27.8M
Q3 25
$21.8M
Q2 25
$25.9M
$-4.7M
Q1 25
$19.9M
Q4 24
$22.0M
Q3 24
$39.5M
Q2 24
$35.0M
Free Cash Flow
IBTA
IBTA
UFG
UFG
Q1 26
$23.3M
Q4 25
$20.3M
Q3 25
$14.5M
Q2 25
$22.2M
$-4.7M
Q1 25
$18.0M
Q4 24
$21.8M
Q3 24
$39.2M
Q2 24
$34.8M
FCF Margin
IBTA
IBTA
UFG
UFG
Q1 26
28.2%
Q4 25
22.9%
Q3 25
17.4%
Q2 25
25.8%
-4.1%
Q1 25
21.2%
Q4 24
22.1%
Q3 24
39.8%
Q2 24
39.6%
Capex Intensity
IBTA
IBTA
UFG
UFG
Q1 26
Q4 25
8.5%
Q3 25
8.7%
Q2 25
4.2%
0.0%
Q1 25
2.2%
Q4 24
0.2%
Q3 24
0.3%
Q2 24
0.2%
Cash Conversion
IBTA
IBTA
UFG
UFG
Q1 26
Q4 25
Q3 25
14.19×
Q2 25
10.38×
-51.96×
Q1 25
35.78×
Q4 24
Q3 24
2.29×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

IBTA
IBTA

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

UFG
UFG

Segment breakdown not available.

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