Company: IBTA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001628280-25-025593
Chunk: 81

Company: Ibotta, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 81
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Taxes paid related to net share settlement of equity awards(629)— Other financing activities— (90)Net cash (used in) provided by financing activities(67,049)9 Net change in cash, cash equivalents, and restricted cash(52,157)16,908 Cash, cash equivalents, and restricted cash, beginning of period349,690 62,591 Cash, cash equivalents, and restricted cash, end of period$297,533 $79,499 

See accompanying notes to the condensed financial statements.

8

Table of ContentsIbotta, Inc.CONDENSED STATEMENTS OF CASH FLOWS, CONT. (In thousands)(unaudited)

Three Months Ended March 31,20252024Supplemental disclosures of cash flow informationInterest paid$21 $1,993 Supplemental disclosures of non-cash investing and financing activitiesDeferred offering costs not yet paid$— $2,154 Stock-based compensation included in capitalized software development costs$261 $105 

See accompanying notes to the condensed financial statements.

9

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

1. Nature of Operations

Ibotta, Inc. (Company, we, or our) is a technology company that allows consumer packaged goods (CPG) brands to deliver digital promotions to millions of consumers through a single, convenient network called the Ibotta Performance Network (IPN). We provide promotional services to publishers, retailers, and advertisers through the IPN, which includes our direct-to-consumer (D2C) mobile, web, and browser extension properties and our growing network of third-party publisher properties. The majority of the Company’s revenues are derived from the fees we earn from clients when consumers redeem offers. The Company also derives revenue from fees we earn from clients for ad products across the Company’s platform in support of their promotional campaigns, as well as from data products.

2. Basis of Presentation and Summary of Significant Accounting Policies

Basis of Presentation                                                                                                                                                                                                            The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) and pursuant to the applicable rules and regulations of the U.S. Securities and Exchange Commission (SEC) for interim financial information. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. Accordingly, these unaudited condensed financial statements should be