Company: IBTA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001538379-25-000010
Chunk: 84

Company: Ibotta, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 84
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, Inc.CONDENSED STATEMENTS OF CASH FLOWS  (In thousands)(unaudited)

Six months ended June 30,20252024Operating activitiesNet income (loss)$3,045 $(24,669)Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation and amortization4,610 4,023 Impairment of capitalized software development costs241 366 Stock-based compensation expense23,049 24,802 Common stock warrant expense4,345 24,860 Credit loss expense1,454 681 Loss on extinguishment of debt— 9,630 Amortization of debt discount and issuance costs75 1,029 Change in fair value of convertible notes derivative liability— 3,085 Other10 23 Changes in assets and liabilities:Accounts receivable10,463 16,741 Other current and long-term assets(23,467)(1,603)Accounts payable1,126 (2,917)Due to third-party publishers731 7,387 Accrued expenses(1,535)(7,787)Deferred revenue184 203 User redemption liability(3,084)(3,487)Other current and long-term liabilities24,468 2,019 Net cash provided by operating activities45,715 54,386 Investing activitiesAdditions to property and equipment(5,520)(353)Additions to capitalized software development costs(6,448)(4,436)Net cash used in investing activities(11,968)(4,789)Financing activitiesProceeds from exercise of stock options7,357 4,706 Debt issuance costs(2)— Proceeds from initial public offering, net— 206,692 Deferred offering costs— (5,637)Purchase of treasury stock(140,176)— Taxes paid related to net share settlement of equity awards(2,045)— Proceeds from employee stock purchase plan2,036 — Other financing activities— (91)Net cash (used in) provided by financing activities(132,830)205,670 Net change in cash, cash equivalents, and restricted cash(99,083)255,267 Cash, cash equivalents, and restricted cash, beginning of period349,690 62,591 Cash, cash equivalents, and restricted cash, end of period$250,607 $317,858