Company: IBTA
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001628280-25-008240
Chunk: 6

Company: Ibotta, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 6
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00001 par value: 100,000,000 shares authorized and zero shares issued and outstanding as of December 31, 2024; zero shares authorized, issued, and outstanding as of December 31, 2023— — Common stock, $0.00001 par value: zero shares authorized, issued, and outstanding as of December 31, 2024; 40,000,000 shares authorized and 9,207,337 shares issued and outstanding as of December 31, 2023 — — Class A common stock, $0.00001 par value: 3,000,000,000 shares authorized, 28,332,671 shares issued, and 27,813,988 shares outstanding as of December 31, 2024; zero shares authorized, issued, and outstanding as of December 31, 2023 — — Class B common stock, $0.00001 par value: 350,000,000 shares authorized and 3,137,424 shares issued and outstanding as of December 31, 2024; zero shares authorized, issued, and outstanding as of December 31, 2023— — Additional paid-in capital629,050 237,116 Treasury stock, at cost, 518,683 shares at December 31, 2024 and zero shares at December 31, 2023(31,321)— Accumulated deficit(140,446)(209,188)Total stockholders' equity 457,283 27,928 Total liabilities, redeemable convertible preferred stock, and stockholders' equity$678,429 $319,790 

See accompanying notes to the consolidated financial statements.

94

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

Year ended December 31,202420232022Revenue$367,254 $320,037 $210,702 Cost of revenue50,121 43,992 46,176 Gross profit317,133 276,045 164,526 Operating expenses:Sales and marketing139,214 114,756 110,069 Research and development63,271 49,996 42,558 General and administrative82,739 51,633 49,164 Depreciation and amortization3,984 3,661 3,048 Total operating expenses