Quarterly ResultMay 6, 2026, 04:20 PM
Ibotta Q1 Revenue $82.5M, Net Loss $10.3M; Exceeds Guidance
AI Summary
Ibotta, Inc. reported first-quarter 2026 financial results, with revenue of $82.5 million, a 2% year-over-year decline, and a net loss of $10.3 million. Despite the decline, both revenue and adjusted EBITDA exceeded the upper end of the company's guidance range. The company also announced new partnerships with Uber and Giant Eagle, and expects to return to year-over-year growth in the third quarter.
Key Highlights
- Total revenue declined 2% year-over-year to $82.5 million, exceeding guidance.
- Generated a net loss of $10.3 million, compared to net income of $0.555 million in Q1 2025.
- Adjusted EBITDA was $8.7 million, representing an 11% margin, down 41% year-over-year.
- Cash from operating activities was $30.4 million, and free cash flow was $23.3 million.
- Repurchased 1.9 million shares for $44.7 million at an average price of $22.92.
- The Ibotta Performance Network (IPN) had 19.7 million redeemers, a 15% increase year-over-year.
- Announced exclusive partnership with Uber and Giant Eagle joining the Ibotta Performance Network.
- Q2 2026 revenue guidance is $82-$86 million, with adjusted EBITDA of $9-$12 million.