secwatch.observer — SEC 8-K summary
======================================

Issuer:     Ibotta, Inc. (IBTA)
CIK:        0001538379
Form:       8-K/A
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001628280-24-037134
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ibotta Q2 revenue $87.9M (+14% YoY); net loss $34M, Adj EBITDA $25.3M; guides Q3 rev $91-96M
--------------------------------------------------------------------------------

- Total revenue $87.9M (+14% YoY); non-GAAP revenue growth 29% excluding prior-year breakage benefit of $9.4M.
- Net loss $34.0M vs $15.3M profit in Q2 2023; Adjusted EBITDA $25.3M (29% margin).
- Redeemers up 158% to 13.7M; redemptions up 58% to 80.7M, driven by Walmart program expansion.
- Announced multi-year strategic partnership with Instacart; digital offers to launch later in 2024.
- Q3 2024 guidance: revenue $91-96M, Adjusted EBITDA $28-32M (32% margin at midpoint).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538379/000162828024037134/0001628280-24-037134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538379/000162828024037134/ibta-20240813.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-037134

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