Company: IBTA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-051720
Chunk: 154

Company: Ibotta, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 154
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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 antidilutive for the periods presented:Three months ended September 30,Nine months ended September 30,2025202420252024Stock options261,011 — 95,973 3,688,752 RSUs1,780,443 699,644 1,466,559 1,148,327 ESPP— 56,353 — 56,353 Unvested shares of restricted stock purchase— 37,192 — 37,192 Common stock warrant4,121,034 4,121,034 4,121,034 4,121,