Thu, May 15, 10:01 AM (40 days ago)
### Summary of Ibotta, Inc. (IBTA) Q1 2025 Financial Health and Performance **Revenue and Profit Margins:** - **Revenue:** $84.6 million, up 3% from Q1 2024. - **Gross Profit:** $67.5 million, down 6% from Q1 2024. - **Net Income:** $555,000, down 94% from Q1 2024. - **Gross Margin:** 80%, down from 87% in Q1 2024. - **Net Margin:** 0.66%, down from 11% in Q1 2024. **Cash Flow:** - **Operating Cash Flow:** $19.9 million, up 0.5% from Q1 2024. - **Investing Cash Flow:** -$4.97 million, down 52% from Q1 2024. - **Financing Cash Flow:** -$67.05 million, down from $9 million in Q1 2024. **Earnings Changes:** - **Earnings per Share (EPS):** $0.02, down 98% from Q1 2024. - **Adjusted EBITDA:** $14.7 million, down 35% from Q1 2024. **Quarterly Performance Discussion:** - **Redemptions:** 82.8 million, up 16% from Q1 2024. - **Redeemers:** 17.1 million, up 37% from Q1 2024. - **Redemptions per Redeemer:** 4.8, down 16% from Q1 2024. - **Redemption Revenue per Redemption:** $0.89, down 6% from Q1 2024. **Trends and Uncertainties:** - **Macroeconomic Impact:** Inflation, interest rates, and geopolitical events continue to affect consumer spending and promotional budgets. - **Operational Challenges:** Increased costs in sales, marketing, and research and development. - **Future Operations Impact:** Continued investment in technology and expansion into new markets. **Future Outlook:** - **Growth Strategy:** Focus on increasing redeemers and redemptions, expanding into new verticals, and enhancing AI and machine learning capabilities. - **Financial Health:** Strong liquidity with $297.5 million in cash and cash equivalents, and $99 million available under a revolving line of credit. - **Uncertainties:** Dependence on strategic relationships with publishers and CPG brands, competition, and regulatory environment.