Company: IBTA
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001628280-25-008240
Chunk: 9

Company: Ibotta, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 9
---
102,205— —— 848 — 848 Conversion of convertible debt—— 1,177,087— —— 103,584 — 103,584 Conversion of redeemable convertible preferred stock(17,245,954)— 17,245,954— —— — — — Initial public offering, net of issuance costs of $22.0 million—— 2,500,000— —— 197,952 — 197,952 Repurchase of common stock—— —— (518,683)(31,321)— — (31,321)Issuance of common stock upon settlement of restricted stock units—— 181,295— —— — — — Common stock withheld for tax obligation and net settlement—— (46,084)— —— (3,319)— (3,319)Issuance of common stock under employee stock purchase plan—— 48,876— —— 2,788 — 2,788 Other—— (3,000)— —— (90)— (90)Balance, December 31, 2024—$— 31,470,095$— (518,683)$(31,321)$629,050 $(140,446)$457,283 

(1)Amounts combine the Company’s common stock, Class A common stock, and Class B common stock. See Note 9 - Redeemable Convertible Preferred Stock and Stockholders' Equity for discussion of the establishment of the Company’s two series of common stock and the reclassification of its common stock into Class A common stock in connection with the Company’s initial public offering in April 2024.

See accompanying notes to the consolidated financial statements.

98

Table of ContentsIbotta, Inc.CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)

Year ended December 31,202420232022Operating activitiesNet income (loss)$68,742 $38,117 $(54,861)Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:Depreciation and amortization8,080 6,664 6,319 Impairment of capitalized software development costs574 169 737 Stock-based compensation expense46,924 6,991 6,500 Common stock warrant expense29,292 13,177 — Credit loss expense