Filing Flows › Ibotta (IBTA) › Q3 2026
Ibotta (IBTA) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Ibotta (IBTA) reported revenue of $97.8M for the third quarter 2026 (Q3 2026), +17% from a year earlier and +10% from the quarter before. Operating margin was 4.8%, net loss $3.5M (3.6% of revenue).
Ibotta, Q3 2026: revenue $97.8M (+18% year over year), operating margin 4.8%, net loss $3.5M, operating cash flow $22.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $97.8M | +10% | +17% |
| Operating profit | $4.7M | — | +100% |
| Net earnings | −$3.5M | — | -329% |
| Operating cash flow | $22.0M | +66% | +0.9% |
| Free cash flow | $16.8M | — | — |
What changed
Revenue was $97.8M in Q3 2026, up 17% year over year and up 10% from the previous quarter. Redemption revenue was the largest line at 91% of revenue. Redemption revenue added $16.5M year over year (up 23%), 113% of the total change. Ad & other revenue declined 17%.
Gross margin was 79.9%, up 0.4 points from Q3 2025. Operating profit was $4.7M, a 4.8% margin (up 2.0 points year over year). Of the extra revenue versus Q3 2025, 16% reached operating profit, above the 3% margin then. Operating expenses grew 15% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+229%). The quarter ended with a net loss of $3.5M, wider than the previous quarter's $1.2M loss. Non-operating items added $1.4M, 22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $22.0M (up 1% year over year). Non-cash charges added back $3.7M of depreciation and amortization and $13.1M of share-based compensation. Working capital and other items added $8.6M. After itions to capitalized software development costs ($4.7M) and itions to property and equipment ($442K), free cash flow as the company reports it was $16.8M.
Questions
What was Ibotta's revenue in the third quarter 2026?
Ibotta (IBTA) reported revenue of $97.8M for the third quarter 2026 (Q3 2026), +17% from a year earlier and +10% from the quarter before.
Was Ibotta profitable in the third quarter 2026?
Operating profit was $4.7M (4.8% of revenue) and net loss $3.5M.
Source: Ibotta 10-Q on SEC EDGAR.