Filing Flows › Ibotta (IBTA) › Q2 2026
Ibotta (IBTA) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Ibotta (IBTA) reported revenue of $88.9M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +8% from the quarter before. Operating margin was -2.1%, net loss $1.2M (1.4% of revenue).
Ibotta, Q2 2026: revenue $88.9M (+3% year over year), operating margin -2.1%, net loss $1.2M, operating cash flow $13.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $88.9M | +8% | +3% |
| Operating profit | −$1.9M | — | -252% |
| Net earnings | −$1.2M | — | -149% |
| Operating cash flow | $13.3M | -56% | -49% |
| Free cash flow | $8.1M | — | — |
What changed
Revenue was $88.9M in Q2 2026, up 3% year over year and up 8% from the previous quarter. Redemption revenue was the largest line at 90% of revenue. Redemption revenue added $7.0M year over year (up 10%), 243% of the total change. Ad & other revenue declined 32%.
Gross margin was 78.4%, down 0.7 points from Q2 2025. Operating costs exceeded revenue by $1.9M, an operating margin of -2.1%. Operating expenses grew 7% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+77%). The quarter ended with a net loss of $1.2M, narrower than the previous quarter's $10.3M loss. Non-operating items added $1.3M, -253% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $13.3M (down 49% year over year). Non-cash charges added back $3.4M of depreciation and amortization and $12.9M of share-based compensation. Working capital and other items used $1.7M. After itions to capitalized software development costs ($4.3M) and itions to property and equipment ($890K), free cash flow as the company reports it was $8.1M.
Questions
What was Ibotta's revenue in the second quarter 2026?
Ibotta (IBTA) reported revenue of $88.9M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +8% from the quarter before.
Was Ibotta profitable in the second quarter 2026?
Operating loss was $1.9M (-2.1% of revenue) and net loss $1.2M.
Source: Ibotta 10-Q on SEC EDGAR.