Ibotta Inc. Financial Update: Earnings Miss and Leadership Changes

Ibotta, Inc., a technology company operating within the Communication Services sector, recently reported its financial results for the latest quarter, which fell short of expectations. The company, listed on the New York Stock Exchange, announced a non-GAAP earnings per share (EPS) of $0.49, missing the anticipated figure by $0.08. Additionally, revenue for the quarter was reported at $86 million, falling short by $4.49 million. These results come as Ibotta prepares to disclose its full quarterly earnings on August 13, 2025, during a financial conference. Analysts had projected a quarterly EPS of $0.192, a significant improvement from the previous year’s loss of $1.110 per share.

In other news, Ibotta has made a significant leadership change by appointing Matt Puckett as its new Chief Financial Officer (CFO), effective August 25, 2025. Puckett, who most recently served as CFO of VF Corporation, a lifestyle apparel and footwear company, will succeed Valarie Sheppard, who has been serving as Ibotta’s interim CFO since March 14, 2025. This appointment is part of Ibotta’s ongoing efforts to strengthen its financial leadership as it navigates the competitive landscape of digital promotions.

Ibotta’s business model revolves around its Ibotta Performance Network (IPN), which connects consumer packaged goods (CPG) brands with consumers through digital promotions. The company’s technology platform leverages artificial intelligence to match offers with consumers effectively. Ibotta operates in various non-discretionary categories, including grocery, and collaborates with general merchandise manufacturers in sectors such as toys, clothing, beauty, electronics, pets, home goods, and sporting goods.

As of August 11, 2025, Ibotta’s stock closed at $32.9, with a 52-week high of $79.802 and a low of $31.13. The company’s market capitalization stands at approximately $1.03 billion, with a price-to-earnings ratio of 33.345. Despite the recent earnings miss, Ibotta continues to focus on expanding its network and enhancing its technological capabilities to drive future growth.