Ibotta, Inc. (NYSE: IBTA)

This investigation is for anyone who acquired securities in Ibotta, Inc. (NYSE: IBTA) prior to February 26, 2025.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that, in the Prospectus to the Company’s IPO, the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by failing to timely warn investors of the Company’s pending loss.

On August 13, 2024, Ibotta released its second quarter 2024 financial results, revealing a net loss of $34 million, a 19% decline in direct-to-consumer redemptions, and a 7% reduction of direct-to-consumer redeemers. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on February 26, 2025, Ibotta released its fourth quarter and full year 2024 financial results, revealing that its “total year-over-year revenue growth dipped into negative territory in the second half of the fourth quarter” and a significantly lower Adjusted EBITDA margin that previously expected. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Ibotta, Inc. (NYSE: IBTA) prior to February 26, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.