Company: IBTA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001538379-25-000010
Chunk: 92

Company: Ibotta, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 92
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 America N.A.’s prime rate, and (3) Term SOFR plus 1.00%. The applicable margin is defined as a rate between 0.75% to 1.25% for Base Rate Loans and between 1.75% and 2.25% for Term SOFR Loans, depending on the Consolidated Net Leverage Ratio as defined in the 2024 Credit Facility. The 2024 Credit Facility bears a commitment fee ranging from 0.30% to 0.40% payable quarterly in arrears based on undrawn amounts. The 2024 Credit Facility contains customary affirmative and negative covenants and restrictions, including limitations on additional indebtedness, creation of liens, restricted payments, investments and certain transactions with affiliates. The Company is also subject to financial covenants to maintain a minimum Consolidated Interest Coverage Ratio of 3.0 to 1.0 and a maximum Consolidated Net Leverage Ratio of 3.0 to 1.0. In addition, the 2024 Credit Facility contains other customary covenants, representations and warranties, and events of default.As of June 30, 2025, the Company had no outstanding borrowings under the 2024 Credit Facility and availability of $99.0 million, which is net of a $1.0 million outstanding letter of credit related to an office 

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Table of ContentsIbotta, Inc.Notes to Condensed Financial Statements(unaudited)

space lease. Refer to Note 14 – Commitments and Contingencies for further discussion of the Company’s letters of credit.

6. Fair Value Measurements 

The following tables present information about financial instruments measured at fair value on a recurring basis (in thousands): June 30, 2025TotalLevel 1Level 2Level 3Assets: Cash equivalents$247,651 $247,651 $— $— Total $247,651 $247,651 $— $— December 31, 2024TotalLevel 1Level 2Level 3Assets:Cash equivalents$346,070 $346,070 $— $— Total $346,070 $346,070 $— $— The Company’s cash equivalents are held in money market funds, which are measured using quoted prices for identical assets in active markets and are therefore classified as Level 1 in the fair value hierarchy.Equity InvestmentOn July 2, 2019