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Ibotta10-Q: Customer concentration

Ibotta's business is highly dependent on its exclusive partnership with Walmart

What happened

Ibotta is the exclusive provider of digital item-level rebate content for Walmart U.S., making the renewal and maintenance of this relationship critical to revenue. A large warrant for Walmart to purchase over 4.1 million shares further cements this deep, but concentrated, partnership, creating significant risk if the relationship sours.

Source

SEC EDGARAug 4, 2026

Quarterly report (Form 10-Q)

Ibotta 10-Q

Filing excerpt

our ability to renew, maintain, and expand our relationships with publishers, including with Walmart Inc. and our other publishers on the IPN;

sec.gov/Archives/edgar/data/1538379/000162828026052575/ibta-20260630.htmRead the full source

Other signals in this filing (6)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Customer concentration

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
06/30
Filed
Aug 4, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Details

CIK
1538379
Accession number
0001628280-26-052575
Filing year
2026
Fiscal year
0
Why it matters
Diversification strategy
Signal category
Market

Topics and mentions

Vendors

  • Walmart Inc.
  • Bank of America
  • N.A.
  • Silicon Valley Bank

Regions named

  • United States

Vendors named

  • Walmart Inc.
  • Bank of America, N.A.
  • Silicon Valley Bank

Extraction

Confidence
High
Relevance
90%
Sentiment
Neutral
Detected
Aug 11, 2026
signal_type
sec-10q
signal_subtype
customerConcentration

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/e502ddcb-5fe8-4d6f-a438-e123c5592c4a returns this record as JSON. POST /v1/companies/enrich returns every signal for ibotta.com.

{
  "signal_id": "e502ddcb-5fe8-4d6f-a438-e123c5592c4a",
  "signal_type": "sec-10q",
  "signal_subtype": "customerConcentration",
  "detected_at": "2026-08-11T08:06:02.151+00:00",
  "company": {
    "name": "Ibotta",
    "domain": "ibotta.com"
  },
  "data": {
    "detail": "Ibotta is the exclusive provider of digital item-level rebate content for Walmart U.S., making the renewal and maintenance of this relationship critical to revenue. A large warrant for Walmart to purchase over 4.1 million shares further cements this deep, but concentrated, partnership, creating significant risk if the relationship sours.",
    "summary": "Ibotta's business is highly dependent on its exclusive partnership with Walmart",
    "excerpts": "our ability to renew, maintain, and expand our relationships with publishers, including with Walmart Inc. and our other publishers on the IPN;",
    "relevance": 0.9,
    "sentiment": "neutral",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1538379/000162828026052575/ibta-20260630.htm",
    "filing_date": "2026-08-04",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "06/30",
    "sales_relevance": "Diversification strategy",
    "signal_category": "market",
    "regions_mentioned": [
      "United States"
    ],
    "vendors_mentioned": [
      "Walmart Inc.",
      "Bank of America, N.A.",
      "Silicon Valley Bank"
    ]
  }
}

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