Ibotta, Inc.IBTAEarnings & Financial Report
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.
IBTA Q1 FY2026 Key Financial Metrics
Revenue
$82.5M
Gross Profit
$63.0M
Operating Profit
$8.6M
Net Profit
N/A
Gross Margin
76.4%
Operating Margin
10.4%
Net Margin
N/A
YoY Growth
-2.5%
EPS
$-0.43
Ibotta, Inc. Q1 FY2026 Financial Summary
Ibotta, Inc. reported revenue of $82.5M (down 2.5% YoY) for Q1 FY2026, with a net profit of N/A (N/A margin). Cost of goods sold was $19.4M, operating expenses totaled $54.4M.
Key Financial Metrics
| Total Revenue | $82.5M |
|---|---|
| Net Profit | N/A |
| Gross Margin | 76.4% |
| Operating Margin | 10.4% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Ibotta, Inc. Q1 FY2026 revenue of $82.5M breaks down across 3 segments, led by Redemption revenue at $54.0M (65.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Redemption revenue | $54.0M | 65.5% |
| Other | $19.0M | 23.1% |
| Ad & other revenue | $9.5M | 11.5% |
Ibotta, Inc. Annual Revenue by Year
Ibotta, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $342.4M).
Ibotta, Inc. Quarterly Revenue & Net Profit History
Ibotta, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $82.5M | -2.5% | N/A | N/A |
| Q4 FY2025 | $88.5M | -10.0% | N/A | N/A |
| Q3 FY2025 | $83.3M | -15.6% | $1.5M | 1.8% |
| Q2 FY2025 | $86.0M | -2.2% | $2.5M | 2.9% |
| Q1 FY2025 | $84.6M | +2.7% | $555.0K | 0.7% |
| Q4 FY2024 | $98.4M | — | N/A | N/A |
| Q3 FY2024 | $98.6M | — | $17.2M | 17.5% |
| Q2 FY2024 | $87.9M | — | $-34.0M | -38.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $87.9M | $98.6M | $98.4M | $84.6M | $86.0M | $83.3M | $88.5M | $82.5M |
| YoY Growth | N/A | N/A | N/A | 2.7% | -2.2% | -15.6% | -10.0% | -2.5% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $556.0M | $598.3M | $678.4M | $639.3M | $600.8M | $569.4M | $525.9M | $479.9M |
| Liabilities | $196.3M | $220.3M | $221.1M | $238.0M | $246.7M | $239.8M | $238.3M | $230.9M |
| Equity | $359.7M | $378.0M | $457.3M | $401.3M | $354.1M | $329.6M | $287.7M | $249.0M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $35.0M | $39.5M | $22.0M | $19.9M | $25.9M | $21.8M | $27.8M | $30.4M |