Company: IBTA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001538379-25-000010
Chunk: 79

Company: Ibotta, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 79
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Table of ContentsPART I - FINANCIAL INFORMATIONItem 1. Financial StatementsIbotta, Inc.CONDENSED BALANCE SHEETS(In thousands, except share and per share amounts)

June 30, 2025December 31, 2024(unaudited)AssetsCurrent assets:Cash and cash equivalents$250,549 $349,282 Restricted cash58 408 Accounts receivable, less allowances of $4,846 and $3,765, respectively208,976 220,883 Prepaid expenses and other current assets23,064 11,168 Total current assets482,647 581,741 Property and equipment, less accumulated depreciation of $10,168 and $9,675, respectively9,044 1,951 Capitalized software development costs, less accumulated amortization of $20,541 and $18,087, respectively19,054 16,201 Equity investment4,531 4,531 Deferred tax assets, net74,407 73,211 Operating lease assets10,357 — Other long-term assets738 794 Total assets$600,778 $678,429 Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable$10,596 $7,160 Due to third-party publishers94,713 93,982 Deferred revenue5,148 4,964 User redemption liability70,922 74,006 Accrued expenses17,831 17,965 Other current liabilities4,823 6,088 Total current liabilities204,033 204,165 Long-term liabilities:Operating lease liabilities, long-term24,923 — Unrecognized tax benefits, long-term17,694 16,981 Total liabilities246,650 221,146 Commitments and contingencies (Note 14)Stockholders’ equity:Preferred stock, $0.00001 par value: 100,000,000 shares authorized and zero shares issued and outstanding as of June 30, 2025, and December 31, 2024— — Class A common stock, $0.00001 par value: 3,000,000,000 shares authorized, 29,047,774 shares issued, and 25,240,164 shares outstanding as of June 30, 2025; 3,000,000,000 shares authorized, 28,332,671 shares issued, and 27,