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Side-by-side financial comparison of Ibotta, Inc. (IBTA) and VIEMED HEALTHCARE, INC. (VMD). Click either name above to swap in a different company.

Ibotta, Inc. is the larger business by last-quarter revenue ($82.5M vs $76.2M, roughly 1.1× VIEMED HEALTHCARE, INC.). On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% vs -2.5%). Ibotta, Inc. produced more free cash flow last quarter ($23.3M vs $9.7M). Over the past eight quarters, VIEMED HEALTHCARE, INC.'s revenue compounded faster (22.7% CAGR vs -3.1%).

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.

Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.

IBTA vs VMD — Head-to-Head

Bigger by revenue
IBTA
IBTA
1.1× larger
IBTA
$82.5M
$76.2M
VMD
Growing faster (revenue YoY)
VMD
VMD
+28.0% gap
VMD
25.5%
-2.5%
IBTA
More free cash flow
IBTA
IBTA
$13.6M more FCF
IBTA
$23.3M
$9.7M
VMD
Faster 2-yr revenue CAGR
VMD
VMD
Annualised
VMD
22.7%
-3.1%
IBTA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IBTA
IBTA
VMD
VMD
Revenue
$82.5M
$76.2M
Net Profit
$5.6M
Gross Margin
76.4%
57.9%
Operating Margin
10.4%
11.0%
Net Margin
7.4%
Revenue YoY
-2.5%
25.5%
Net Profit YoY
30.7%
EPS (diluted)
$-0.43
$0.14

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
VMD
VMD
Q1 26
$82.5M
Q4 25
$88.5M
$76.2M
Q3 25
$83.3M
$71.9M
Q2 25
$86.0M
$63.1M
Q1 25
$84.6M
$59.1M
Q4 24
$98.4M
$60.7M
Q3 24
$98.6M
$58.0M
Q2 24
$87.9M
$55.0M
Net Profit
IBTA
IBTA
VMD
VMD
Q1 26
Q4 25
$5.6M
Q3 25
$1.5M
$3.5M
Q2 25
$2.5M
$3.2M
Q1 25
$555.0K
$2.6M
Q4 24
$4.3M
Q3 24
$17.2M
$3.9M
Q2 24
$-34.0M
$1.5M
Gross Margin
IBTA
IBTA
VMD
VMD
Q1 26
76.4%
Q4 25
78.7%
57.9%
Q3 25
79.4%
57.5%
Q2 25
79.2%
58.3%
Q1 25
79.8%
56.3%
Q4 24
84.6%
59.5%
Q3 24
87.7%
59.3%
Q2 24
86.0%
59.8%
Operating Margin
IBTA
IBTA
VMD
VMD
Q1 26
10.4%
Q4 25
-1.9%
11.0%
Q3 25
2.8%
7.8%
Q2 25
1.4%
8.1%
Q1 25
-3.3%
6.5%
Q4 24
13.2%
10.6%
Q3 24
21.0%
9.7%
Q2 24
-24.6%
6.6%
Net Margin
IBTA
IBTA
VMD
VMD
Q1 26
Q4 25
7.4%
Q3 25
1.8%
4.9%
Q2 25
2.9%
5.0%
Q1 25
0.7%
4.4%
Q4 24
7.1%
Q3 24
17.5%
6.7%
Q2 24
-38.6%
2.7%
EPS (diluted)
IBTA
IBTA
VMD
VMD
Q1 26
$-0.43
Q4 25
$-0.03
$0.14
Q3 25
$0.05
$0.09
Q2 25
$0.08
$0.08
Q1 25
$0.02
$0.06
Q4 24
$3.04
$0.10
Q3 24
$0.51
$0.10
Q2 24
$-1.32
$0.04

Balance Sheet & Financial Strength

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

Metric
IBTA
IBTA
VMD
VMD
Cash + ST InvestmentsLiquidity on hand
$164.6M
$13.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.0M
$141.5M
Total Assets
$479.9M
$199.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBTA
IBTA
VMD
VMD
Q1 26
$164.6M
Q4 25
$186.6M
$13.5M
Q3 25
$223.3M
$11.1M
Q2 25
$250.5M
$20.0M
Q1 25
$297.1M
$10.2M
Q4 24
$349.3M
$17.5M
Q3 24
$341.3M
$11.3M
Q2 24
$317.9M
$8.8M
Total Debt
IBTA
IBTA
VMD
VMD
Q1 26
Q4 25
$0
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$0
Stockholders' Equity
IBTA
IBTA
VMD
VMD
Q1 26
$249.0M
Q4 25
$287.7M
$141.5M
Q3 25
$329.6M
$133.6M
Q2 25
$354.1M
$139.7M
Q1 25
$401.3M
$134.8M
Q4 24
$457.3M
$131.4M
Q3 24
$378.0M
$125.0M
Q2 24
$359.7M
$119.4M
Total Assets
IBTA
IBTA
VMD
VMD
Q1 26
$479.9M
Q4 25
$525.9M
$199.2M
Q3 25
$569.4M
$202.4M
Q2 25
$600.8M
$184.6M
Q1 25
$639.3M
$178.1M
Q4 24
$678.4M
$177.1M
Q3 24
$598.3M
$169.5M
Q2 24
$556.0M
$163.9M
Debt / Equity
IBTA
IBTA
VMD
VMD
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
VMD
VMD
Operating Cash FlowLast quarter
$30.4M
$18.4M
Free Cash FlowOCF − Capex
$23.3M
$9.7M
FCF MarginFCF / Revenue
28.2%
12.7%
Capex IntensityCapex / Revenue
11.5%
Cash ConversionOCF / Net Profit
3.27×
TTM Free Cash FlowTrailing 4 quarters
$80.3M
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IBTA
IBTA
VMD
VMD
Q1 26
$30.4M
Q4 25
$27.8M
$18.4M
Q3 25
$21.8M
$18.4M
Q2 25
$25.9M
$12.3M
Q1 25
$19.9M
$2.9M
Q4 24
$22.0M
$15.0M
Q3 24
$39.5M
$12.7M
Q2 24
$35.0M
$10.2M
Free Cash Flow
IBTA
IBTA
VMD
VMD
Q1 26
$23.3M
Q4 25
$20.3M
$9.7M
Q3 25
$14.5M
$10.7M
Q2 25
$22.2M
$4.1M
Q1 25
$18.0M
$-12.6M
Q4 24
$21.8M
$3.2M
Q3 24
$39.2M
$1.7M
Q2 24
$34.8M
$1.2M
FCF Margin
IBTA
IBTA
VMD
VMD
Q1 26
28.2%
Q4 25
22.9%
12.7%
Q3 25
17.4%
14.9%
Q2 25
25.8%
6.5%
Q1 25
21.2%
-21.4%
Q4 24
22.1%
5.2%
Q3 24
39.8%
3.0%
Q2 24
39.6%
2.3%
Capex Intensity
IBTA
IBTA
VMD
VMD
Q1 26
Q4 25
8.5%
11.5%
Q3 25
8.7%
10.6%
Q2 25
4.2%
12.9%
Q1 25
2.2%
26.2%
Q4 24
0.2%
19.5%
Q3 24
0.3%
19.0%
Q2 24
0.2%
16.3%
Cash Conversion
IBTA
IBTA
VMD
VMD
Q1 26
Q4 25
3.27×
Q3 25
14.19×
5.23×
Q2 25
10.38×
3.88×
Q1 25
35.78×
1.09×
Q4 24
3.47×
Q3 24
2.29×
3.29×
Q2 24
6.94×

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%

VMD
VMD

Segment breakdown not available.

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