Company: IBTA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-051720
Chunk: 85

Company: Ibotta, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 85
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,430)Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation and amortization5,853 6,160 Impairment of capitalized software development costs256 437 Stock-based compensation expense33,462 36,253 Common stock warrant expense6,554 27,084 Credit loss expense1,916 1,217 Loss on extinguishment of debt— 9,630 Amortization of debt discount and issuance costs114 1,036 Change in fair value of convertible notes derivative liability— 3,085 Other14 36 Changes in assets and liabilities:Accounts receivable6,145 (2,561)Other current and long-term assets(1,723)(977)Accounts payable1,468 188 Due to third-party publishers4,719 23,182 Accrued expenses(3,034)(5,926)Deferred revenue(274)2,128 User redemption liability(4,451)(4,499)Other current and long-term liabilities11,872 4,887 Net cash provided by operating activities67,469 93,930 Investing activitiesAdditions to property and equipment(12,768)(655)Additions to capitalized software development costs(10,360)(7,001)Net cash used in investing activities(23,128)(7,656)Financing activitiesProceeds from exercise of stock options8,312 7,649 Debt issuance costs(2)— Proceeds from initial public offering, net— 206,692 Deferred offering costs— (5,972)Purchase of treasury stock(178,180)(15,611)Taxes paid related to net share settlement of equity awards(2,843)(246)Proceeds from employee stock purchase plan2,036 — Other financing activities— (103)Net cash (used in) provided by financing activities(170,677)192,409 Net change in cash, cash equivalents, and restricted cash(126,336)278,683 Cash, cash equivalents, and restricted cash, beginning of period349,690 62,591 Cash, cash equivalents, and restricted cash, end of period$223,354 $341,274 

See accompanying notes to the condensed financial statements.

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