Company: IBTA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001628280-25-025593
Chunk: 98

Company: Ibotta, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 98
---
 stock and Class B common stock are identical, except with respect to voting and conversion. As the liquidation and dividend rights are identical, 

22

Table of ContentsIbotta, Inc.Notes to Condensed Financial Statements(unaudited)

basic and diluted net income per share are the same for Class A common stock and Class B common stock.Basic and diluted net income per share is calculated as follows (in thousands, except share and per share amounts):Three months ended March 31,20252024Numerator:Net income$555 $9,297 Denominator:Weighted average shares of common stock outstanding, basic30,779,4309,310,928Plus: dilutive effect of stock options2,168,6331,799,915Plus: dilutive effect of RSUs255,456—Plus: dilutive effect of redeemable convertible preferred stock—17,245,954Plus: dilutive effect of ESPP15,298—Weighted average common shares outstanding, diluted33,218,81728,356,797Net income per share, basic$0.02 $1.00 Net income per share, diluted$0.02 $0.33 The following potentially dilutive common shares, presented based on amounts outstanding, were excluded from the computation of diluted net income per share because their effect would have been antidilutive for the periods presented, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:Three months ended March 31,20252024Stock options— 386,359 RSUs1,090,115 304,472 Unvested shares of restricted stock purchase— 88,295 Common stock warrant4,121,034 3,528,577 Total shares excluded from diluted net income per share5,211,149 4,307,703 Potentially dilutive common shares with respect to the convertible notes are not presented in the table above. The shares are excluded as of March 31, 2024 because no conditions required for conversion had occurred, and as of March 31, 2025 because the shares are included in the calculation of basic net income per share after converting into shares of the Company’s Class A common stock in connection with the IPO.

13. Related Parties

Retention of Wilson Sonsini Goodrich & Rosati, P.C. Larry W. Sonsini, a member of the Company’s board of directors, is a founding partner