Ibotta Q2 Earnings Miss Expectations with $0.49 EPS and $86M Revenue

Ibotta reported Q2 Non-GAAP EPS of $0.49, missing the estimate by $0.08. Revenue was $86M, a 2.2% YoY decrease and $4.49M below the estimate.

Ibotta Inc. (NYSE: IBTA) reported its second-quarter (Q2) 2025 financial results, missing analysts' expectations for both earnings per share (EPS) and revenue. The company's Non-GAAP EPS came in at $0.49, $0.08 below the estimated $0.57, while revenue totaled $86 million, down 2.2% year-over-year (YoY) and $4.49 million short of the expected $90.51 million.

The company's total redemption revenue was $73.2 million, a 1% decrease compared to the same period last year. The number of redeemers increased by 27% to 17.3 million, driven by the launch of Instacart and partial launch of DoorDash. Ibotta's Adjusted EBITDA was $17.9 million, representing a margin of 21%, while net income was $2.5 million.

Ibotta's CEO, Bryan Leach, stated, "We are working to fundamentally shift the ways promotions are perceived which requires us to reinvent how they are measured and change how they are purchased to more closely resemble other forms of digital media." The company also welcomed Matt Puckett as its new CFO.

Investors should closely monitor Ibotta's transition from a direct-to-consumer model to a third-party approach, as it may impact the company's future growth prospects. The stock has shed nearly half of its value in 2025, and the company's guidance for the second half of the year and 2026 will be crucial for its stock performance.

References:
[1] https://www.aol.com/cathie-wood-goes-bargain-hunting-142200708.html
[2] https://seekingalpha.com/news/4484920-ibotta-non-gaap-eps-of-0_49-misses-by-0_08-revenue-of-86m-misses-by-4_49m
[3] https://www.marketscreener.com/news/ibotta-reports-second-quarter-2025-financial-results-ce7c51d8d888f12d