Ibotta Q4 Revenue Tops Estimates, Q1 Guidance 7.9% Above Forecasts
Ibotta reported Q4 CY2025 revenue of $88.5 million, down 10% year-on-year but 6.5% above analyst expectations, while GAAP loss per share was $0.04 versus a $0.02 loss estimate. Q1 guidance at $80 million midpoint surpassed forecasts by 7.9%, and adjusted EBITDA beat projections by 20.7% at $13.7 million (15.5% margin).
1. Q4 CY2025 Performance
Ibotta delivered Q4 revenue of $88.53 million, a 10% decline year-on-year, surpassing the $83.14 million consensus by 6.5%. The company reported a GAAP loss of $0.04 per share, missing estimates by $0.02, and achieved adjusted EBITDA of $13.72 million (15.5% margin), a 20.7% beat.
2. Q1 CY2026 Outlook
Management guided Q1 revenue to $80 million at midpoint, exceeding the $74.14 million forecast by 7.9%, and projected adjusted EBITDA of $7 million, above the $6.40 million consensus. This stronger-than-expected outlook signals confidence in near-term sales and profitability.
3. Profitability and Cash Flow
Operating margin contracted to negative 1.9% from 13.2% a year earlier, reflecting increased expense leverage. Free cash flow margin remained stable at 18.8%, total redemptions reached 73.98 million, and market capitalization stood at $546.3 million.