Securities Fraud Investigation Into Ibotta, Inc. (IBTA) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Ibotta, Inc. (“Ibotta” or the “Company”) (NYSE: IBTA) on behalf of investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON IBOTTA, INC. (IBTA), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.

What Is The Investigation About?

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, Ibotta’s stock price fell $15.53, or 26.7%, to close at $42.66 per share on August 14, 2024, thereby injuring investors.

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, Ibotta’s stock price fell $29.08, or 46.1%, to close at $34.01 per share on February 27, 2025, thereby injuring investors further.

Contact Us To Participate or Learn More:

If you purchased Ibotta securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: [e-mail]
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

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