Company: IBTA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-051720
Chunk: 79

Company: Ibotta, Inc.
Filing Date: 2025-11-13
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)

September 30, 2025December 31, 2024(unaudited)AssetsCurrent assets:Cash and cash equivalents$223,296 $349,282 Restricted cash58 408 Accounts receivable, less allowances of $5,280 and $3,765, respectively212,822 220,883 Prepaid expenses and other current assets19,284 11,168 Total current assets455,460 581,741 Property and equipment, less accumulated depreciation of $10,482 and $9,675, respectively19,578 1,951 Capitalized software development costs, less accumulated amortization of $22,321 and $18,087, respectively22,364 16,201 Equity investment4,531 4,531 Deferred tax assets, net56,498 73,211 Operating lease assets10,041 — Other long-term assets962 794 Total assets$569,434 $678,429 Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable$15,311 $7,160 Due to third-party publishers98,701 93,982 Deferred revenue4,690 4,964 User redemption liability69,555 74,006 Accrued expenses16,724 17,965 Other current liabilities1,545 6,088 Total current liabilities206,526 204,165 Long-term liabilities:Operating lease liabilities, long-term25,342 — Unrecognized tax benefits, long-term7,957 16,981 Total liabilities239,825 221,146 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 September 30, 2025, and December 31, 2024— — Class A common stock, $0.00001 par value: 3,000,000,000 shares authorized, 29,217,044 shares issued, and 23,961,109 shares outstanding as of September 30, 2025; 3,000,000,000 shares authorized, 28,332,671 shares issued, and 27,