Ibotta Inc. reported third quarter 2025 financial results with total revenue of $83.3 million, representing a 16.0% year-over-year decrease. Net income was $1.5 million, equal to 2% of revenue. Adjusted EBITDA was $16.6 million, for a 20% adjusted EBITDA margin. The company generated $21.8 million in cash from operating activities and $10.6 million in free cash flow. During the quarter, Ibotta announced a strategic partnership with Circana to provide third-party sales lift measurement for digital promotions, with studies expected to roll out in late 2025. After the quarter ended, Ibotta launched LiveLift, a new solution for real-time campaign measurement and optimization for CPG brands. Quarterly redeemers on the Ibotta Performance Network grew by 19% year-over-year.