Ibotta, Inc.
For the period ended Jun 30, 2025. Filed Aug 13, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 13, 2025
IBTA$60.30+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Financial Statements
CONDENSED BALANCE SHEETS
(In thousands, except share and per share amounts)
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| (unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $250,549 | $349,282 |
| Restricted cash | 58 | 408 |
| Accounts receivable, less allowances of $4,846 and $3,765, respectively | 208,976 | 220,883 |
| Prepaid expenses and other current assets | 23,064 | 11,168 |
| Total current assets | 482,647 | 581,741 |
| Property and equipment, less accumulated depreciation of $10,168 and $9,675, respectively | 9,044 | 1,951 |
| Capitalized software development costs, less accumulated amortization of $20,541 and $18,087, respectively | 19,054 | 16,201 |
| Equity investment | 4,531 | 4,531 |
| Deferred tax assets, net | 74,407 | 73,211 |
| Operating lease assets | 10,357 | — |
| Other long-term assets | 738 | 794 |
| Total assets | $600,778 | $678,429 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $10,596 | $7,160 |
| Due to third-party publishers | 94,713 | 93,982 |
| Deferred revenue | 5,148 | 4,964 |
| User redemption liability | 70,922 | 74,006 |
| Accrued expenses | 17,831 | 17,965 |
| Other current liabilities | 4,823 | 6,088 |
| Total current liabilities | 204,033 | 204,165 |
| Long-term liabilities: | ||
| Operating lease liabilities, long-term | 24,923 | — |
| Unrecognized tax benefits, long-term | 17,694 | 16,981 |
| Total liabilities | 246,650 | 221,146 |
| Commitments and contingencies (Note 14) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.00001 par value: 100,000,000 shares authorized and zero shares issued and outstanding as of June 30, 2025, and December 31, 2024 | — | — |
| Class A common stock, $0.00001 par value: 3,000,000,000 shares authorized, 29,047,774 shares issued, and 25,240,164 shares outstanding as of June 30, 2025; 3,000,000,000 shares authorized, 28,332,671 shares issued, and 27,813,988 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 June 30, 2025, and December 31, 2024 | — | — |
| Additional paid-in capital | 664,427 | 629,050 |
| Treasury stock, at cost, 3,807,610 shares as of June 30, 2025 and 518,683 shares as of December 31, 2024 | (172,898) | (31,321) |
| Accumulated deficit | (137,401) | (140,446) |
| Total stockholders' equity | 354,128 | 457,283 |
| Total liabilities and stockholders' equity | $600,778 | $678,429 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.