Company: IBTA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001538379-25-000010
Chunk: 108

Company: Ibotta, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 108
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,702 17,213 13,095 Redemptions per redeemer(1) 4.6 5.9 9.5 11.6 Redemption revenue per redemption(1) $0.91 $0.92 $0.90 $0.93 Revenue$86,029 $87,926 $170,603 $170,253 Gross profit$68,104 $75,643 $135,586 $147,455 Gross margin79 %86 %79 %87 %Net income (loss)$2,490 $(33,966)$3,045 $(24,669)Net income (loss) as a percent of revenue3 %(39)%2 %(14)%Adjusted EBITDA(1)$17,882 $25,274 $32,555 $47,933 Adjusted EBITDA margin(1)21 %29 %19 %28 %

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(1)See Performance Metrics and Non-GAAP Measures for more information and reconciliations of Adjusted EBITDA and Adjusted EBITDA margin to the most directly comparable GAAP financial measures. 

Note that certain figures shown above may not recalculate due to rounding.

Performance Metrics and Non-GAAP Measures

We use the following key performance metrics and non-GAAP measures to help us evaluate our business, identify trends affecting our performance, and make strategic decisions. For more information regarding how we use non-GAAP measures in our business, the limitations of these measures, and a reconciliation of these measures to the most directly comparable GAAP financial measures, refer to the section titled Non-GAAP Measures.

Note that certain figures shown within this section may not recalculate due to rounding.

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Performance Metrics

The performance metrics below are presented in two categories: direct-to-consumer (D2C) and third-party publishers, which sum to the total metric. The underlying trends and drivers of our D2C business often vary from those of our third-party publisher business. Our D2C business caters to consumers who are focused on savings, irrespective of the retailer. Our third-party publisher business tends to reach consumers who may be more loyal to a specific retailer and are engaging with offers powered by Ibotta’s technology platform. The explanation of the changes in the total metric can be found in the D2C and third-party publishers sections.

Three months ended June 30,Six