Company: IBTA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001538379-25-000010
Chunk: 80

Company: Ibotta, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 80
---
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 June 30, 2025, and December 31, 2024— — Additional paid-in capital664,427 629,050 Treasury stock, at cost, 3,807,610 shares as of June 30, 2025 and 518,683 shares as of December 31, 2024(172,898)(31,321)Accumulated deficit(137,401)(140,446)Total stockholders' equity 354,128 457,283 Total liabilities and stockholders' equity$600,778 $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 June 30,Six months ended June 30,2025202420252024Revenue$86,029 $87,926 $170,603 $170,253 Cost of revenue17,925 12,283 35,017 22,798 Gross profit68,104 75,643 135,586 147,455 Operating expenses:Sales and marketing28,809 50,018 58,667 78,147 Research and development14,745 17,526 32,814 31,167 General and administrative22,264 28,708 43,650 41,862 Depreciation and amortization1,048 1,048 2,020 2,031 Total operating expenses66,866 97,300 137,151 153,207 Income (loss) from operations1,238 (21,657)(1,565)(5,752)Interest income, net2,636 2,672 6,321 867 Loss on debt extinguishment— (9,630)— (9,630)Other expense, net(6)(1,414)(405)(3,116)Income (loss) before provision for income taxes3,868 (30,029)4,351 (17,631)Provision for income taxes(1,378)(