Company: IBTA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-051720
Chunk: 80

Company: Ibotta, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 80
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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 September 30, 2025, and December 31, 2024— — Additional paid-in capital677,505 629,050 Treasury stock, at cost, 5,255,935 shares as of September 30, 2025 and 518,683 shares as of December 31, 2024(212,028)(31,321)Accumulated deficit(135,868)(140,446)Total stockholders' equity 329,609 457,283 Total liabilities and stockholders' equity$569,434 $678,429 

See accompanying notes to the condensed financial statements.

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

Three months ended September 30,Nine months ended September 30,2025202420252024Revenue$83,260 $98,621 $253,863 $268,874 Cost of revenue17,142 12,172 52,159 34,970 Gross profit66,118 86,449 201,704 233,904 Operating expenses:Sales and marketing26,629 27,761 85,296 105,908 Research and development14,022 16,285 46,836 47,452 General and administrative22,465 20,631 66,115 62,493 Depreciation and amortization636 1,065 2,656 3,096 Total operating expenses63,752 65,742 200,903 218,949 Income from operations2,366 20,707 801 14,955 Interest income, net2,510 4,436 8,831 5,303 Loss on debt extinguishment— — — (9,630)Other income (expense), net376 (16)(29)(3,132)Income before provision for income taxes5,252 25,127 9,603 7,496 Provision for income taxes(3,719)(7,888)(5,025)(14,926)Net