---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-025501"
form_type: "8-K"
ticker: "IBTA"
cik: "0001538379"
company_name: "Ibotta, Inc."
filed_at: "2025-05-14T23:59:59+00:00"
generated_at: "2026-05-21T08:39:14.633853+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ibotta Q1 revenue up 3% to $84.6M, net income plunges 94% to $0.6M

## Summary
- Redemption revenue $73.4M (+8% YoY); total redemptions 82.8M (+16% YoY) driven by Instacart and Walmart growth.
- Adjusted EBITDA $14.7M (17% margin) vs $22.7M (28% margin) last year; adjusted diluted EPS $0.36 vs $0.54.
- Repurchased 1.8M shares for $72.7M at avg $39.47/share; 17.1M redeemers (+37% YoY).
- Launched multi-year partnership with DoorDash; offers live for most customers post-quarter.
- Q2 2025 guidance: revenue $86.5-$92.5M, Adjusted EBITDA $17-$22M (22% margin at midpoint).

## SEC filing metadata
- accession: 0001628280-25-025501
- form_type: 8-K
- ticker: IBTA
- cik: 0001538379
- company_name: Ibotta, Inc.
- filed_at: 2025-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538379/000162828025025501/0001628280-25-025501-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538379/000162828025025501/ibta-20250514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-025501
- JSON: https://secwatch.observer/filing/0001628280-25-025501.json
- Plain text: https://secwatch.observer/filing/0001628280-25-025501.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.