Ibotta, Inc. (IBTA) Form 10-Q — Aug 4, 2026
Ibotta's Q2 2026 revenue rose 3% year over year to $88.9 million, but the company swung to a net loss of $1.2 million from a $2.5 million profit a year earlier, with Adjusted EBITDA slipping to $16.5 million from $17.9 million and gross margin compressing to 78% from 79%. The quarter revealed a sharp mix shift: third-party publisher redemption revenue grew 27% to $61.5 million, helped by increased offer supply and the DoorDash launch, while direct-to-consumer revenue fell 27% to $27.4 million on fewer D2C redeemers and weaker ad spend, and ad & other revenue dropped 32%.
Key figures
- Revenue
- 88905000
- Total Debt
- 0
- Revenue Yoy
- +3.3% (Q2); ~flat (+0.5%) for H1
- Total Assets
- 485399000
- Cash Position
- 148173000
- Shares Outstanding
- 23,169,614 total (20,148,602 Class A + 3,021,012 Class B) as of July 31, 2026
- H1 2026 revenue
- 171388000
- Q2 2025 net income
- 2490000
- Accumulated deficit
- 148422000
- D2c revenue q2 2026
- 27430000
- Walmart warrant shares
- 4121034
- Walmart warrant strike
- 70.12
- Adjusted ebitda h1 2025
- 32555000
- Adjusted ebitda h1 2026
- 25262000
- Adjusted ebitda q2 2025
- 17882000
- Adjusted ebitda q2 2026
- 16541000
- Total redeemers q2 2026
- 20944000
- D2c revenue change q2 yoy
- -27%
- H1 2026 share repurchases
- 68400000
- Q2 2026 share repurchases
- 23200000
- Total redemptions q2 2026
- 91417000
- Purchase commitments total
- 157636000
- Revolving credit available
- 99000000
- H1 2026 operating cash flow
- 43632000
- Total buyback authorization
- 400000000
- Ad other revenue change q2 yoy
- -32%
- Publisher revenue growth q2 yoy
- +27%
- Remaining buyback authorization
- 67300000
- Walmart warrant potential proceeds
- 245600000
- Publisher redemption revenue q2 2026
- 61475000
Price after filing
Close on the filing date to close N calendar days later (from $26.39). Historical, not a forecast.
AI analysis
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