Ibotta (NYSE:IBTA) Announces Quarterly Earnings Results

Ibotta (NYSE:IBTA) released its quarterly earnings data on Wednesday. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.45, FiscalAI reports. The firm had revenue of $82.48 million during the quarter. Ibotta had a return on equity of 1.04% and a net margin of 1.04%.The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the company posted $0.02 EPS.

Here are the key takeaways from Ibotta’s conference call:

• Ibotta exceeded its Q1 guidance with revenue of $82.5M (down 2% YoY) and Adjusted EBITDA of $8.7M (11% margin), and management reiterated a return to year-over-year revenue growth in Q3 2026.
• Demand metrics show recovery — total redeemers rose to 19.7M (+15% YoY), total redemptions were 88M (+6%), and third-party publisher redemption revenue increased 12%, signaling strengthening network demand.
• Publisher expansion with multi-year exclusive deals for Uber and Giant Eagle (plus the earlier DoorDash launch) broadens the IPN, provides new data sources, and should deliver modest revenue benefits in H2 while supporting future scale.
• LiveLift shows early product-market fit (≈80% re-up rate and larger average campaign sizes) but remains a modest revenue contributor today and requires further automation, model training, and AI enablement before a material ramp.
• Margins and investments — non-GAAP gross margin compressed ~300 bps to 78% and operating expenses rose as the company accelerates tech and sales investments, though it reported $23.3M free cash flow, $164.6M cash, and repurchased ~$45M of stock.

Ibotta Trading Down 1.0%

NYSE IBTA traded down $0.37 during trading on Thursday, hitting $36.63. The company had a trading volume of 257,910 shares, compared to its average volume of 289,191. Ibotta has a one year low of $19.10 and a one year high of $62.74. The company has a market cap of $760.81 million, a price-to-earnings ratio of 333.03 and a beta of -0.61. The company’s fifty day moving average is $30.00 and its 200-day moving average is $26.25.

Insider Buying and Selling

In other Ibotta news, insider Marisa Daspit sold 2,956 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $24.06, for a total value of $71,121.36. Following the completion of the transaction, the insider directly owned 127,597 shares in the company, valued at approximately $3,069,983.82. This represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 20.92% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC raised its holdings in Ibotta by 1.5% in the 1st quarter. Hsbc Holdings PLC now owns 1,009,287 shares of the company’s stock worth $30,581,000 after purchasing an additional 15,310 shares in the last quarter. New York State Teachers Retirement System bought a new position in Ibotta in the 1st quarter worth $39,000. Caitong International Asset Management Co. Ltd raised its holdings in Ibotta by 335.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,754 shares of the company’s stock worth $63,000 after purchasing an additional 2,122 shares in the last quarter. Aristides Capital LLC purchased a new position in Ibotta during the fourth quarter valued at $220,000. Finally, Invesco Ltd. lifted its position in Ibotta by 21.6% during the fourth quarter. Invesco Ltd. now owns 8,892 shares of the company’s stock valued at $202,000 after buying an additional 1,581 shares during the period.

Ibotta declared that its Board of Directors has approved a stock buyback program on Wednesday, March 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to purchase up to 21.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Ibotta News Roundup

Here are the key news stories impacting Ibotta this week:

• Positive Sentiment: Q1 beat on headline metrics — Ibotta reported $0.24 EPS and $82.48M in revenue, topping consensus EPS expectations and delivering a revenue print roughly in line with estimates; management also provided materials and a conference call for detail. Article Title
• Positive Sentiment: Strategic retailer win — Ibotta announced an exclusive digital promotions partnership with Giant Eagle (200+ stores), a sizable customer win that supports monetization and long‑term growth of its promotions network. Article Title
• Positive Sentiment: Analyst upside — Needham raised its price target to $45 and assigned a Buy rating (largest upside cited), signaling analyst confidence in growth/profitability recovery. Article Title
• Neutral Sentiment: Smaller analyst adjustment — Wells Fargo lifted its target to $38 but kept an Equal Weight rating (more conservative view; modest upside). Article Title
• Neutral Sentiment: Management commentary and slides available — The earnings slide deck and call transcript outline product enhancements and new publisher partnerships that are central to the company’s strategy; these details are key to judging execution. Article Title Call Transcript
• Negative Sentiment: Guidance and near‑term uncertainty — Q2 revenue guidance was given at $82–$86M versus a consensus ~ $83.1M; the low end and an unclear EPS guide introduce downside risk if execution slips. Article Title
• Negative Sentiment: Conflicting profitability reads — some outlets (Zacks) reported a Q1 GAAP loss, creating confusion between adjusted vs. GAAP measures; divergent metrics can pressure sentiment until reconciled. Article Title

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on IBTA shares. Wall Street Zen lowered Ibotta from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Ibotta in a research note on Friday, March 27th. Needham & Company LLC increased their price objective on Ibotta from $33.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday. Evercore set a $40.00 price objective on Ibotta in a research note on Thursday. Finally, Wells Fargo & Company increased their price objective on Ibotta from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Ibotta currently has a consensus rating of “Reduce” and an average target price of $36.57.

Ibotta Company Profile

Ibotta (NYSE: IBTA) is a Denver‐based mobile commerce platform that connects consumers, retailers and brands through a unified cash-back rewards experience. Users access the Ibotta mobile app or browser extension to unlock rebates on everyday purchases, redeemable on groceries, retail goods, travel bookings and digital services. The platform integrates with major supermarket chains, big‐box retailers and online merchants, enabling shoppers to earn automatic cash-back both in physical stores and across e-commerce channels.

Founded in 2012 by co‐founder and CEO Bryan Leach, Ibotta has evolved from a simple rebate app into a comprehensive performance marketing partner for consumer goods companies.