Bryan Leach at the New York Stock Exchange for Ibotta’s IPO last April. (Courtesy Ibotta)
Couponing has paid off for Bryan Leach.
The founder and CEO of Ibotta, whose app lets users get rebates on a variety of purchases, is worth just under $150 million based on his company stock holdings, according to SEC documents.
Leach, 47, founded the company in 2011 and led it through a $660 million IPO last April. Filings show he owns 11% of the business, which has a $1.4 billion market cap and ended trading at $45.44 per share on Wednesday.
Though he does not own the majority of the company, the 2.3 million Class B shares Leach has as of March 15 give him majority voting control. He also has 968,511 Class A shares — the type that can be bought by anyone. There have been no filings indicating he bought or sold stock since mid-last month.
Leach made about $29 million in compensation in 2024, according to the company’s recent annual report. He made $494,000 in base salary, and got a performance bonus of about $480,500. The remainder, and the vast majority, of his salary came in the form of stock.
In 2023, for comparison, Leach made just shy of $2 million, with about $700,000 coming from Ibotta equity.
Leach declined to comment to BusinessDen, though he noted he hasn’t sold a single share since the company went public on the New York Stock Exchange.
Ibotta launched at $88 per share and saw its closing price peak days later at nearly $110.
Ibotta’s stock cost has declined about 60% since then, including 32% since the start of this year. In comparison, the S&P 500 is up about 5% since Ibotta went public.
The company, which is moving into a new downtown office later this year, did $367.3 million in sales last year, a 15% jump from 2023.
Filings show Luke Swanson, Ibotta’s founding chief technology officer, made $7.1 million in total compensation last year. Former Chief Financial Officer Sunit Patel, who left the company in March, totaled $5.3 million. Chris Jensen, ex-chief revenue officer, got $6.1 million before departing Ibotta in mid-July.
The vast majority of those numbers come from stock awards, documents show.
Bryan Leach at the New York Stock Exchange for Ibotta’s IPO last April. (Courtesy Ibotta)
Couponing has paid off for Bryan Leach.
The founder and CEO of Ibotta, whose app lets users get rebates on a variety of purchases, is worth just under $150 million based on his company stock holdings, according to SEC documents.
Leach, 47, founded the company in 2011 and led it through a $660 million IPO last April. Filings show he owns 11% of the business, which has a $1.4 billion market cap and ended trading at $45.44 per share on Wednesday.
Though he does not own the majority of the company, the 2.3 million Class B shares Leach has as of March 15 give him majority voting control. He also has 968,511 Class A shares — the type that can be bought by anyone. There have been no filings indicating he bought or sold stock since mid-last month.
Leach made about $29 million in compensation in 2024, according to the company’s recent annual report. He made $494,000 in base salary, and got a performance bonus of about $480,500. The remainder, and the vast majority, of his salary came in the form of stock.
In 2023, for comparison, Leach made just shy of $2 million, with about $700,000 coming from Ibotta equity.
Leach declined to comment to BusinessDen, though he noted he hasn’t sold a single share since the company went public on the New York Stock Exchange.
Ibotta launched at $88 per share and saw its closing price peak days later at nearly $110.
Ibotta’s stock cost has declined about 60% since then, including 32% since the start of this year. In comparison, the S&P 500 is up about 5% since Ibotta went public.
The company, which is moving into a new downtown office later this year, did $367.3 million in sales last year, a 15% jump from 2023.
Filings show Luke Swanson, Ibotta’s founding chief technology officer, made $7.1 million in total compensation last year. Former Chief Financial Officer Sunit Patel, who left the company in March, totaled $5.3 million. Chris Jensen, ex-chief revenue officer, got $6.1 million before departing Ibotta in mid-July.
The vast majority of those numbers come from stock awards, documents show.
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