Company: IBTA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001628280-25-025593
Chunk: 78

Company: Ibotta, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 78
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813,988 shares outstanding as of December 31, 2024 — — Class B common stock, $0.00001 par value: 350,000,000 shares authorized and 3,137,424 shares issued and outstanding as of March 31, 2025, and December 31, 2024— — Additional paid-in capital645,896 629,050 Treasury stock, at cost, 2,359,237 shares as of March 31, 2025 and 518,683 shares as of December 31, 2024(104,729)(31,321)Accumulated deficit(139,891)(140,446)Total stockholders' equity 401,276 457,283 Total liabilities and stockholders' equity$639,264 $678,429 

See accompanying notes to the condensed financial statements.

5

Table of ContentsIbotta, Inc.CONDENSED STATEMENTS OF OPERATIONS (In thousands, except share and per share amounts)(unaudited)

Three months ended March 31,20252024Revenue$84,574 $82,327 Cost of revenue17,092 10,515 Gross profit67,482 71,812 Operating expenses:Sales and marketing29,858 28,129 Research and development18,069 13,641 General and administrative21,386 13,154 Depreciation and amortization972 983 Total operating expenses70,285 55,907 (Loss) income from operations(2,803)15,905 Interest income (expense), net3,685 (1,805)Other expense, net(399)(1,702)Income before benefit from (provision for) income taxes483 12,398 Benefit from (provision for) income taxes72 (3,101)Net income$555 $9,297 Net income per share:Basic$0.02 $1.00 Diluted$0.02 $0.33 Weighted average common shares outstanding:Basic30,779,4309,310,928Diluted33,218,81728,356,797

See accompanying notes to the condensed financial statements.

6

Table of ContentsIbotta, Inc.CONDENSED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY(In thousands,