secwatch.observer — SEC 8-K summary
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Issuer:     Ibotta, Inc. (IBTA)
CIK:        0001538379
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001628280-24-036949
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ibotta Q2 revenue up 14% to $87.9M, swings to $34M net loss; lock-up release Sept 3
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- Revenue $87.9M (+14% YoY); net loss $34.0M vs prior-year profit $15.3M; adjusted EBITDA $25.3M (29% margin).
- Non-GAAP revenue +29% ex $9.4M breakage; IPN redeemers 13.7M (+158%) driven by Walmart+ expansion.
- Announced multi-year Instacart partnership; digital offers on Instacart app by year-end.
- Q3 guidance: revenue $91-96M, Adj. EBITDA $28-32M (32% margin at midpoint; non-GAAP +12% YoY).
- Lock-up release: 20% of shares eligible for sale Sept 3, 2024 (lock-up period ends during blackout).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538379/000162828024036949/0001628280-24-036949-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538379/000162828024036949/ibta-20240813.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-036949

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer