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

Issuer:     Ibotta, Inc. (IBTA)
CIK:        0001538379
Form:       8-K
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0001628280-25-025501
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538379/000162828025025501/0001628280-25-025501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538379/000162828025025501/ibta-20250514.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-025501

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