Despite the beat on revenue and non-GAAP EPS, the continued YoY revenue decline and GAAP loss suggest underlying weakness. The Uber partnership is a positive long-term catalyst but near-term guidance remains subdued. Monitor Q2 results for signs of stabilization or further deterioration.
Price Chart
Executive Summary
Ibotta Q1 2026 revenue of $82.5M exceeded guidance ($78-82M) and consensus ($80.7M) but declined 2% YoY. GAAP EPS of -$0.43 missed the -$0.21 consensus, though non-GAAP diluted EPS of $0.24 beat. Adjusted EBITDA of $8.7M also surpassed the $6-8M guided range. The company guided Q2 2026 revenue of $82-86M, implying another YoY decline, and announced an exclusive partnership with Uber.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $82.5M, down 2% YoY from $84.6M
- GAAP net loss of $10.3M vs net income of $0.6M a year ago
- Non-GAAP net income per diluted share $0.24 vs consensus -$0.21
- Adjusted EBITDA $8.7M, above guidance of $6-8M
- Q2 2026 guidance: revenue $82-86M (down ~2% YoY midpoint), adjusted EBITDA $9-12M
- Announced exclusive multi-year partnership with Uber for digital promotions
- Repurchased 1.9M shares for $44.7M in Q1
- Free cash flow improved to $23.3M from $14.9M YoY
Financial Impact
Revenue beat guidance by $0.5M, GAAP EPS missed by $0.22 vs consensus -$0.21, non-GAAP EPS beat by $0.45 vs consensus.
Risk Factors
- Revenue declining for five consecutive quarters
- GAAP profitability worsening due to rising operating expenses
- Competition in digital promotions may pressure margins
- Reliance on third-party publishers (DoorDash, Uber) for growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-031279 |
| Document: ibta-20260506.htm | 0001628280-26-031279 |
| Document: 0001628280-26-031279-index-headers.html | 0001628280-26-031279 |
| Document: 0001628280-26-031279-index.html | 0001628280-26-031279 |
| Document: 0001628280-26-031279.txt | 0001628280-26-031279 |
| 8-K Data (Synthetic) | 0001628280-26-031279 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Insider Cluster | $48.61 | awaiting T+1 | — | $48.68 (+0.14%) |
Oct 22, 2026 4d ago | 144 | $48.61 $48.68 | ▲ +0.14% | ▼ −0.57% | $48.68 (+0.14%) |
Oct 22, 2026 4d ago | 144 | $48.61 $48.68 | ▲ +0.14% | ▼ −0.57% | $48.68 (+0.14%) |
Oct 22, 2026 4d ago | 144 | $48.61 $48.68 | ▲ +0.14% | ▼ −0.57% | $48.68 (+0.14%) |
Sep 25, 2026 4w ago | Insider Cluster | $40.07 $39.27 | ▲ +2.00% | ▲ +1.81% | $48.68 (−21.49%) |
Sep 24, 2026 4w ago | 8-K | $41.06 $40.07 | ▼ −2.41% | ▼ −1.67% | $48.68 (+18.56%) |
Sep 14, 2026 6w ago | Insider Cluster | $42.05 $41.58 | ▲ +1.12% | ▲ +0.68% | $48.68 (−15.77%) |
Sep 10, 2026 6w ago | Insider Cluster | $41.14 $42.40 | ▼ −3.06% | ▼ −3.51% | $48.68 (−18.33%) |
Sep 3, 2026 7w ago | Insider Cluster | $38.39 $38.38 | ▼ −0.03% | ▲ +0.52% | $48.68 (+26.80%) |
Aug 19, 2026 9w ago | Insider Cluster | $36.48 $37.71 | ▼ −3.37% | ▼ −2.96% | $48.68 (−33.44%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers