Company: IBTA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-051720
Chunk: 104

Company: Ibotta, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 104
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, the IRS completed this examination with no changes to the reported tax. However, the IRS has the ability to adjust the research and development credit claimed and net operating loss generated in 2021 when these carryforward tax attributes are utilized in future tax years. 

On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was enacted in the U.S. The OBBBA provides changes to the U.S. federal tax law, including expensing of U.S. research expenditures and eligible capital expenditures. The effects of the new law are reflected in the financial statements as of and for the periods ending September 30, 2025. 

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

12. Net Income (Loss) Per Share

The rights of the holders of the Company’s Class A common stock and Class B common stock are identical, except with respect to voting and conversion. As the liquidation and dividend rights are identical, basic and diluted net income (loss) per share are the same for Class A common stock and Class B common stock.Basic and diluted net income (loss) per share is calculated as follows (in thousands, except share and per share amounts):Three months ended September 30,Nine months ended September 30,2025202420252024Numerator:Net income (loss)$1,533 $17,239 $4,578 $(7,430)Denominator:Weighted average shares of common stock outstanding, basic27,995,70830,663,26329,074,84221,909,949Plus: dilutive effect of stock options1,261,4852,685,9891,734,302—Plus: dilutive effect of RSUs112,574218,237180,052—Plus: dilutive effect of ESPP7,070—10,331—Weighted average common shares outstanding, diluted29,376,83733,567,48930,999,52721,909,949Net income (loss) per share, basic$0.05 $0.56 $0.16 $(0.34)Net income (loss) per share, diluted$0.05 $0.51 $0.15 $(0.34)The following potentially dilutive common shares, presented based on amounts outstanding, were excluded from the computation of diluted net income (loss) per share because their effect would have been