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.
Revenue
$86.0M
Gross Profit
$68.1M
Operating Profit
$1.2M
Net Profit
$2.5M
Gross Margin
79.2%
Operating Margin
1.4%
Net Margin
2.9%
YoY Growth
-2.2%
EPS
$0.08
Ibotta, Inc. Q2 FY2025 Financial Summary
Ibotta, Inc. reported revenue of $86.0M (down 2.2% YoY) for Q2 FY2025, with a net profit of $2.5M (up 107.3% YoY) (2.9% margin). Cost of goods sold was $17.9M, operating expenses totaled $66.9M.
Key Financial Metrics
| Total Revenue | $86.0M |
|---|---|
| Net Profit | $2.5M |
| Gross Margin | 79.2% |
| Operating Margin | 1.4% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
Ibotta, Inc. Q2 FY2025 revenue of $86.0M breaks down across 3 segments, led by Redemption Revenue at $73.2M (85.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Redemption Revenue | $73.2M | 85.1% |
| Ad Other Revenue | $12.8M | 14.9% |
| Breakage | $2.7M | 3.1% |
Ibotta, Inc. Revenue by Segment — Quarterly Trend
Ibotta, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Redemption Revenue and Ad Other Revenue) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Redemption Revenue | — | $78.5M | $72.1M | $73.2M |
| Ad Other Revenue | — | $10.0M | $11.2M | $12.8M |
| Breakage | — | $2.1M | $2.2M | $2.7M |
Ibotta, Inc. Annual Revenue by Year
Ibotta, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $342.4M).
| Year | Annual Revenue |
|---|---|
| 2025 | $342.4M |
| 2024 | $367.3M |
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 |