IBTA
Ibotta, Inc.21.84
+0.82+3.9%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details LiveLift pilot surge
Q&A reinforces prepared optimism on execution and LiveLift but adds color: pilots quadrupled prior quarters' total, with larger campaigns and 80% expected re-up rate among testers. Sales multi-threading upstream to CPG execs is paying dividends in offer supply, while third-party redeemers grew 3.5 million, one-third from existing publishers testing in-store features. Management dismissed macro worries, eyeing AI-driven outcomes era and agentic commerce positioning. No hedges; tone confident on path to growth. LiveLift scaling hurdles: automation and eligibility barriers.
Key Stats
Market Cap
580.57MP/E (TTM)
7.16Basic EPS (TTM)
3.05Dividend Yield
0%Recent Filings
8-K
$100M repurchase authorization boost
Ibotta's board boosted its share repurchase program by $100 million on March 11, 2026, raising the total authorization to $400 million from the original $300 million approved in 2024. No expiration date applies. Repurchases signal board confidence in growth prospects. Program flexible amid market conditions.
10-K
FY2025 results
Ibotta's FY2025 revenue fell 7% y/y to $342.4M despite 24% growth in redeemers to 18.2M, as redemptions dipped 1% to 340.8M amid insufficient offer supply relative to audience expansion—D2C redemptions plunged 27% while third-party publishers surged 12% via new partners Instacart and DoorDash. Gross margin compressed to 79% from 86% on higher publisher revenue share; operating loss flipped from $27.9M profit, with net income at $3.6M versus $68.7M. Q4 accelerated repurchases under the $300M program, exhausting $265M of cash to $187M, revolver untapped. Walmart remains critical. Securities litigation looms.
8-K
Ibotta's revenue dips, profitability holds
Ibotta reported Q4 revenue down 10% to $88.5M and full-year 2025 revenue off 7% to $342.4M, yet posted net income of $3.6M and Adjusted EBITDA of $62.9M at 18% margin. IPN redeemers surged 24% to 18.2M, fueled by DoorDash and Instacart launches, while repurchasing $233.8M in shares. Q1 2026 guides revenue to $78-82M.
10-Q
Q3 FY2025 results
Ibotta posted Q3 revenue of $83.3M, down 16% y/y yet up sequentially from Q2, as third-party publisher redemptions held steady while D2C softened on thinner offer supply. Gross margin slipped to 79% from 88% y/y on higher revenue share costs, but operating income stayed positive at $2.4M versus $20.7M y/y; diluted EPS of $0.05 reflects 29.4M shares. OCF YTD hit $67.5M (FCF not disclosed in the 10-Q); cash sits at $223.3M with $99M revolver availability under the Dec 2024 facility (no draws). Share repurchases consumed $180.7M YTD, $89.9M authorized left. Ongoing securities litigation clouds visibility.
8-K
Q3 revenue drops 16%
Ibotta reported Q3 revenue down 16% to $83.3M, yet posted net income of $1.5M and adjusted EBITDA of $16.6M at 20% margin. Redeemers surged 19% to 18.2M, fueled by Instacart and DoorDash launches, while redemptions fell 15%. Circana partnership and LiveLift launch target CPG sales lift. Q4 guides revenue $80-85M, adjusted EBITDA $9-12M. Share buybacks signal confidence.