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Dec 31, 2025
Ibotta Inc Q4 2025 Earnings Report
Ibotta Inc Q4 2025 Earnings Report
Key Takeaways
Ibotta reported Q4 2025 results that exceeded the upper end of its guidance for revenue and Adjusted EBITDA, despite a 10% year-over-year revenue decline. The company saw significant growth in its third-party publisher network, particularly through partnerships with DoorDash and Instacart, while continuing its share repurchase program.
Q4 revenue reached $88.5 million, exceeding the upper end of the company's guidance range.
The Ibotta Performance Network (IPN) saw a 19% year-over-year increase in redeemers to 20.4 million.
The company repurchased 2.1 million shares for $55.0 million during the fourth quarter.
Launched LiveLift™, a next-generation capability set for sophisticated CPG promotion projections and profitability metrics.
Revenue by Segment
Forward Guidance
For Q1 2026, Ibotta expects a year-over-year revenue decline at the midpoint but maintains positive Adjusted EBITDA margins.
Positive Outlook
- Expected revenue between $78 million and $82 million.
- Anticipated Adjusted EBITDA of $6 million to $8 million.
- Positive Adjusted EBITDA margin of 9% at the midpoint.
- Continued expansion of the Ibotta Performance Network.
- Strategic focus on LiveLift™ and third-party sales lift measurement.
Challenges Ahead
- Revenue guidance represents a 5% year-over-year decline at the midpoint.
- Adjusted EBITDA margin expected to be lower than Q4 2025 levels.
- GAAP net income guidance not provided due to uncertainty of reconciling items.
- Potential impact from share-based compensation expense.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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