Ibotta Inc
For the period ended Mar 31, 2024. Filed May 31, 2024.
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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.
Mar 31, 2024 · Filed May 31, 2024
IBTA$59.91+3.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
CONDENSED BALANCE SHEETS
(In thousands, except share and per share amounts)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| (unaudited) | ||
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $79,499 | $62,591 |
| Accounts receivable, less allowances of $3,111 and $3,160, respectively | 206,433 | 226,439 |
| Prepaid expenses and other current assets | 14,203 | 9,314 |
| Total current assets | 300,135 | 298,344 |
| Property and equipment, less accumulated depreciation of $9,299 and $8,905, respectively | 2,385 | 2,541 |
| Capitalized software development costs, less accumulated amortization of $14,574 and $13,482, respectively | 13,904 | 12,844 |
| Equity investment | 4,531 | 4,531 |
| Other long-term assets | 1,112 | 1,530 |
| Total assets | $322,067 | $319,790 |
| Liabilities, Redeemable Convertible Preferred Stock, and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $7,675 | $8,937 |
| Due to third-party publishers | 67,523 | 73,155 |
| Deferred revenue | 4,190 | 2,628 |
| User redemption liability | 82,990 | 84,531 |
| Accrued expenses | 15,401 | 24,582 |
| Other current liabilities | 3,886 | 4,317 |
| Total current liabilities | 181,665 | 198,150 |
| Long-term liabilities: | ||
| Long-term debt, net | 65,270 | 64,448 |
| Convertible notes derivative liability | 27,100 | 25,400 |
| Other long-term liabilities | 3,937 | 3,864 |
| Total liabilities | 277,972 | 291,862 |
| Commitments and contingencies (Note 13) | ||
| Redeemable convertible preferred stock, $0.00001 par value: 17,245,954 shares authorized, issued and outstanding as of March 31, 2024 and December 31, 2023 | – | – |
| Stockholders’ equity: | ||
| Common stock, $0.00001 par value: 40,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 9,417,665 and 9,207,337 shares outstanding as of March 31, 2024 and December 31, 2023, respectively | – | – |
| Additional paid-in capital | 243,986 | 237,116 |
| Accumulated deficit | (199,891) | (209,188) |
| Total stockholders' equity | 44,095 | 27,928 |
| Total liabilities, redeemable convertible preferred stock, and stockholders' equity | $322,067 | $319,790 |
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