Ibotta (NYSE:IBTA) Issues Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Ibotta (NYSE:IBTA) released its quarterly earnings results on Wednesday. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03), Zacks reports. The business had revenue of $88.53 million during the quarter. Ibotta had a net margin of 22.92% and a return on equity of 20.94%. The business’s revenue was down 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 EPS.

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

• Ibotta reported Q4 revenue of $88.5M and Adjusted EBITDA of $13.7M, both above the top end of prior guidance, and said Q1 2026 results are now expected to be above previous expectations (Q1 guidance: $78M–$82M).
• Management credited the beat to upgraded sales execution, a strengthened core product, and rapid expansion of LiveLift; LiveLift launched more campaigns in Q4 than in the prior three quarters combined and exceeded its LiveLift revenue forecast.
• Demand metrics improved — total redeemers grew 19% YoY to 20.4M and third‑party publisher redemption revenue rose 8% YoY, driven by publisher additions and retailer integrations (e.g., DoorDash, Instacart).
• Revenue remains down 10% YoY (redemption revenue −5% YoY) and ad/other revenue fell 38%; non‑GAAP gross margin declined ~570 bps to 79% and management expects higher tech/publisher costs, a roughly $10M increase in stock‑based compensation, and only modest revenue improvement during 2026.

Ibotta Stock Up 39.4%

Shares of IBTA traded up $8.08 during midday trading on Thursday, reaching $28.58. The company had a trading volume of 855,159 shares, compared to its average volume of 299,175. Ibotta has a 1-year low of $19.10 and a 1-year high of $62.74. The stock has a market cap of $669.92 million, a PE ratio of 11.81 and a beta of -0.88. The firm has a 50 day simple moving average of $21.85 and a 200-day simple moving average of $25.50.

Institutional Trading of Ibotta

A number of hedge funds and other institutional investors have recently made changes to their positions in IBTA. Dimensional Fund Advisors LP acquired a new stake in shares of Ibotta during the third quarter valued at about $261,000. WINTON GROUP Ltd purchased a new stake in shares of Ibotta during the fourth quarter worth $237,000. Brevan Howard Capital Management LP acquired a new stake in Ibotta in the 3rd quarter valued at about $230,000. Fox Run Management L.L.C. acquired a new stake in Ibotta in the fourth quarter valued at approximately $227,000. Finally, Aristides Capital LLC acquired a new stake in shares of Ibotta in the 4th quarter valued at $220,000.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on IBTA. The Goldman Sachs Group decreased their price target on shares of Ibotta from $26.00 to $23.00 and set a “sell” rating for the company in a report on Thursday, November 13th. Wells Fargo & Company raised their price objective on shares of Ibotta from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Thursday. Weiss Ratings restated a “sell (d)” rating on shares of Ibotta in a research report on Monday, December 29th. Bank of America dropped their target price on shares of Ibotta from $24.00 to $22.00 and set an “underperform” rating on the stock in a research report on Thursday, November 13th. Finally, Evercore decreased their price target on shares of Ibotta from $38.00 to $32.00 and set an “in-line” rating on the stock in a research note on Thursday, November 13th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $33.14.

Trending Headlines about Ibotta

Here are the key news stories impacting Ibotta this week:

• Positive Sentiment: Market reaction — Investors pushed the stock higher after the company’s report and commentary were interpreted as better-than-expected on forward-looking metrics; headlines noted a large intraday rally. Ibotta (NYSE:IBTA) Exceeds Q4 CY2025 Expectations, Stock Jumps 26.4%
• Positive Sentiment: Stronger-than-expected Q1 revenue guide — Ibotta raised Q1 2026 revenue guidance to $78M–$82M versus consensus near $74.4M; management cited LiveLift as a driver of future growth. That guidance beat appears to be the primary near-term catalyst. Ibotta outlines Q1 2026 revenue guidance
• Positive Sentiment: Product/strategy update — The company highlighted investments and the launch of LiveLift (an enhanced promotions capability) as a transformation play for CPG clients, supporting the bullish read on forward growth potential. Ibotta Reports Fourth Quarter and Full Year 2025 Financial Results
• Neutral Sentiment: Earnings call detail — Transcripts are available for the Q4 call; investors are parsing management commentary and slide deck for pacing of LiveLift rollouts and margin assumptions. Ibotta (IBTA) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Full transcript — The full earnings call transcript provides detail on customer traction, promotional cadence and cost structure as management navigates the transformation. Ibotta, Inc. Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Quarter snapshot coverage — Local and trade outlets summarized the quarter and investor reaction; useful for additional context. Ibotta: Q4 Earnings Snapshot
• Negative Sentiment: Q4 results showed an EPS miss and revenue decline — Ibotta reported GAAP EPS of ($0.04) vs. consensus (~($0.01)) and revenue of $88.5M, down ~10% year-over-year; those fundamentals are the main sources of downside risk if LiveLift adoption slows. Ibotta Q4 results and materials

About Ibotta

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.