Ibotta (NYSE:IBTA) Releases Earnings Results, Beats Expectations By $0.49 EPS

Ibotta (NYSE:IBTA) issued its quarterly earnings results on Monday. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.49, FiscalAI reports. The firm had revenue of $97.83 million during the quarter. Ibotta had a negative return on equity of 4.74% and a negative net margin of 3.21%.

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

• Positive Sentiment: Ibotta reported Q3 revenue of $97.8 million, up 17% year over year and above the high end of guidance, while Adjusted EBITDA rose 43% to $23.8 million. Adjusted EBITDA margin expanded to 24.3%, reflecting significant operating leverage.
• Positive Sentiment: Network engagement strengthened substantially, with 23.6 million redeemers, up 30% year over year, and total redemptions up 40% to 116.4 million. Third-party publisher redemption revenue surged 43%, supported by improving offer supply and new or expanding partners including Uber, Giant Eagle and 7-Eleven.
• Positive Sentiment: Management said advertiser demand is becoming more durable as sales execution, LiveLift measurement and strategic client relationships improve. It highlighted a major food manufacturer that returned to Ibotta’s top five clients and spent more than 10 times its total 2025 investment in Q3.
• Neutral Sentiment: Q4 guidance calls for revenue of $94 million to $98 million, or approximately 8% year-over-year growth at the midpoint, with Adjusted EBITDA of $15 million to $17 million. Management is taking a conservative stance on holiday demand after an unusually strong back-to-school season and an easy Q3 comparison.
• Negative Sentiment: Revenue per redemption declined 13% to $0.76 because of lower-priced food promotions, mix shifts and strategic pricing actions, which management said may continue if lower pricing drives higher volumes. Direct-to-consumer redemption revenue fell 22% and ad and other revenue declined 17%, while preliminary 2027 guidance is cautious at least mid-single-digit revenue growth.

Ibotta Price Performance

NYSE IBTA traded up $1.38 during trading hours on Monday, hitting $50.00. The company’s stock had a trading volume of 460,966 shares, compared to its average volume of 253,119. Ibotta has a 12 month low of $19.10 and a 12 month high of $50.53. The company’s 50 day simple moving average is $42.24 and its two-hundred day simple moving average is $32.72. The company has a market cap of $1.01 billion, a P/E ratio of -106.38 and a beta of -0.46.

Insider Activity

In other news, CTO Luke Swanson sold 20,100 shares of Ibotta stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $40.04, for a total value of $804,804.00. Following the completion of the sale, the chief technology officer directly owned 446,032 shares in the company, valued at $17,859,121.28. The trade was a 4.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Thomas D. Lehrman sold 19,561 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $36.22, for a total transaction of $708,499.42. Following the transaction, the director directly owned 25,312 shares of the company’s stock, valued at $916,800.64. The trade was a 43.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 136,138 shares of company stock worth $5,425,339 in the last 90 days. Company insiders own 20.92% of the company’s stock.

Institutional Investors Weigh In On Ibotta

A number of large investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC lifted its holdings in shares of Ibotta by 1.5% during the 1st quarter. Hsbc Holdings PLC now owns 1,009,287 shares of the company’s stock valued at $30,581,000 after buying an additional 15,310 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Ibotta by 17.7% in the first quarter. Renaissance Technologies LLC now owns 239,300 shares of the company’s stock worth $7,172,000 after acquiring an additional 35,992 shares during the period. Bank of America Corp DE grew its holdings in shares of Ibotta by 17.8% in the first quarter. Bank of America Corp DE now owns 239,167 shares of the company’s stock worth $7,168,000 after acquiring an additional 36,223 shares during the period. Sei Investments Co. purchased a new stake in Ibotta during the first quarter valued at $344,000. Finally, Engineers Gate Manager LP purchased a new stake in Ibotta during the second quarter valued at $328,000.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IBTA. Weiss Ratings restated a “sell (d)” rating on shares of Ibotta in a research note on Monday, September 21st. Evercore set a $42.00 target price on shares of Ibotta in a research note on Tuesday, August 4th. UBS Group increased their price target on shares of Ibotta from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. The Goldman Sachs Group raised their price target on shares of Ibotta from $28.00 to $32.00 and gave the company a “sell” rating in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Ibotta from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $36.50.

Ibotta Company Profile

Ibotta, Inc is a technology company that operates a digital promotions and rewards platform. Through its Ibotta app and website, consumers can earn cash back and other rewards by purchasing eligible products from participating retailers. The company’s offerings are designed to help brands and retailers deliver targeted promotions, measure consumer engagement and encourage purchases.

Ibotta also provides its technology to retailers, publishers and other business partners through the Ibotta Performance Network.