Ibotta Inc

For the period ended Jun 30, 2024. Filed Aug 14, 2024.

About 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, 2024 · Filed Aug 14, 2024

IBTA$58.11+0.4%Stored close · as of Nov 6, 2026

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Contents

Condensed Statements of Operations

(In thousands, except share and per share amounts)

	Three months ended June 30,		Six months ended June 30,
	2024	2023	2024	2023
Revenue	$87,926	$77,385	$170,253	$135,076
Cost of revenue	12,283	9,644	22,798	20,894
Gross profit	75,643	67,741	147,455	114,182
Operating expenses:
Sales and marketing	50,018	22,208	78,147	43,810
Research and development	17,526	12,220	31,167	23,915
General and administrative	28,708	12,737	41,862	26,071
Depreciation and amortization	1,048	762	2,031	1,514
Total operating expenses	97,300	47,927	153,207	95,310
(Loss) income from operations	(21,657)	19,814	(5,752)	18,872
Interest income (expense), net	2,672	(1,545)	867	(3,217)
Loss on debt extinguishment	(9,630)	–	(9,630)	–
Other expense, net	(1,414)	(238)	(3,116)	(1,741)
(Loss) income before provision for income taxes	(30,029)	18,031	(17,631)	13,914
Provision for income taxes	(3,937)	(2,690)	(7,038)	(2,856)
Net (loss) income	$(33,966)	$15,341	$(24,669)	$11,058
Net (loss) income per share:
Basic	$(1.32)	$1.73	$(1.41)	$1.25
Diluted	$(1.32)	$0.58	$(1.41)	$0.42
Weighted average common shares outstanding:
Basic	25,659,465	8,882,350	17,484,092	8,851,194
Diluted	25,659,465	26,563,550	17,484,092	26,528,229

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.