Short answer
Ibotta, Inc. (IBTA) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $82M (down 2.5% year over year) with net income of −$10M.
Q1 2026 key financials · XBRL
- Revenue
- $82M
- −2.5% YoY
- Net income
- −$10M
- −1959.8% YoY
- Operating margin
- -13.1%
- Gross margin
- 76.4%
- EPS (diluted)
- −$0.43
- −2250.0% YoY
Source: XBRL data from the Ibotta, Inc. (IBTA) Q1 2026 10-Q on SEC EDGAR. USD.
Ibotta, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $82.483M, down $2.091M or 2% YoY
- Gross margin 76% vs 80%; net margin (13)% vs 1% YoY
- Third-party publishers best: revenue $53.996M, up 12%; D2C worst: revenue $28.487M, down 22%
- Adjusted EBITDA $8.721M, margin 11% vs 17% YoY
- D2C headwind: offer quantity and quality reductions; cash decreased, lowering interest income 59% to $1.510M
Risk Factors
- Newly added publisher: Uber announced March 2026 but not yet launched, creating execution and integration risk
- Most material update: Revenue $82.5 million in Q1 2026, down from the prior year amid insufficient offer supply
- Regulatory risk: Algorithmic-pricing and digital-discount laws could restrict offer delivery efficiency
- Operational risk: Approximately 20 million redeemers in Q1 2026, but redemptions per redeemer declined after inadequate 2025 offer supply
- Financial risk: Accumulated deficit $147.2 million as of March 31, 2026, with continued investment potentially delaying profitability
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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