Company: IBTA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-051720
Chunk: 149

Company: Ibotta, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 149
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 board of directors approved an additional $100 million, bringing the total authorization under the Share Repurchase Program to $300 million.The Share Repurchase Program has no expiration date. Repurchases under the Share Repurchase Program may be made from time to time through open market repurchases or through privately negotiated transactions subject to market conditions, applicable legal requirements, and other relevant factors. Open market repurchases may be structured to occur in accordance with the requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended (Exchange Act). The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of shares of its Class A common stock under this authorization. The Company is not obligated under the Share Repurchase Program to acquire any particular amount of Class A common stock, and the Company may terminate or suspend the Share Repurchase Program at any time. The timing and actual number of shares repurchased may depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. During the three and nine months ended September 30, 2025, the Company repurchased 1,448,325 and 4,737,252 shares, respectively, of its Class A common stock for an aggregate repurchase amount of $39.1 million and $180.7 million, respectively. The repurchase amount includes immaterial broker commissions and the 1% excise tax on net share repurchases imposed by the Inflation Reduction Act of 

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

2022. Repurchases are reflected as treasury stock on the condensed balance sheets on a trade-date basis. As of September 30, 2025, $89.9 million remains available and authorized for repurchase under the Share Repurchase Program. 

9. Revenue

Disaggregation of RevenueThe Company’s disaggregated revenue by type of service is as follows (in thousands):Three months ended September 30,Nine months ended September 30,2025202420252024Redemption revenue$72,081 $84,485 $218,688 $226,425 Ad & other revenue11,179 14,136 35,175 42,449 Total revenue$83,260 $98,621 $253,863 $268,874 Deferred RevenueDeferred revenue, a contract liability, consists of fees and cash back