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

Ibotta (NYSE:IBTA) posted 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. Ibotta had a return on equity of 20.94% and a net margin of 22.92%.

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 Trading Up 0.2%

NYSE:IBTA traded up $0.04 during trading hours on Wednesday, hitting $20.59. 339,565 shares of the company were exchanged, compared to its average volume of 285,649. The stock has a market capitalization of $482.73 million, a price-to-earnings ratio of 8.51 and a beta of -0.88. Ibotta has a one year low of $19.10 and a one year high of $68.40. The company has a fifty day simple moving average of $21.88 and a 200 day simple moving average of $25.54.

Institutional Trading of Ibotta

Institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG increased its position in Ibotta by 3,449.8% during the 4th quarter. Deutsche Bank AG now owns 369,890 shares of the company’s stock valued at $8,408,000 after purchasing an additional 359,470 shares during the period. Vanguard Group Inc. raised its stake in Ibotta by 17.3% during the third quarter. Vanguard Group Inc. now owns 1,570,896 shares of the company’s stock worth $43,749,000 after buying an additional 232,027 shares during the last quarter. Marshall Wace LLP bought a new position in Ibotta during the second quarter worth $8,397,000. Jane Street Group LLC boosted its position in Ibotta by 933.0% during the fourth quarter. Jane Street Group LLC now owns 224,529 shares of the company’s stock valued at $5,104,000 after acquiring an additional 202,793 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Ibotta by 237.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 189,954 shares of the company’s stock valued at $4,318,000 after acquiring an additional 133,586 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IBTA. Bank of America decreased their price target on shares of Ibotta from $24.00 to $22.00 and set an “underperform” rating on the stock in a report on Thursday, November 13th. Weiss Ratings restated a “sell (d)” rating on shares of Ibotta in a research report on Monday, December 29th. Evercore lowered their price target on shares of Ibotta from $38.00 to $32.00 and set an “in-line” rating for the company in a report on Thursday, November 13th. Finally, The Goldman Sachs Group cut their price objective on Ibotta from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Thursday, November 13th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $32.57.

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.