Ibotta Inc
For the period ended Sep 30, 2024. Filed Nov 14, 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.
Sep 30, 2024 · Filed Nov 14, 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)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (unaudited) | ||
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $341,274 | $62,591 |
| Accounts receivable, less allowances of $3,825 and $3,160, respectively | 227,792 | 226,439 |
| Prepaid expenses and other current assets | 6,992 | 9,314 |
| Total current assets | 576,058 | 298,344 |
| Property and equipment, less accumulated depreciation of $9,548 and $8,905, respectively | 2,057 | 2,541 |
| Capitalized software development costs, less accumulated amortization of $17,216 and $13,482, respectively | 15,437 | 12,844 |
| Equity investment | 4,531 | 4,531 |
| Other long-term assets | 183 | 1,530 |
| Total assets | $598,266 | $319,790 |
| Liabilities, Redeemable Convertible Preferred Stock, and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $8,251 | $8,937 |
| Due to third-party publishers | 96,337 | 73,155 |
| Deferred revenue | 4,756 | 2,628 |
| User redemption liability | 80,032 | 84,531 |
| Accrued expenses | 18,500 | 24,582 |
| Other current liabilities | 3,596 | 4,317 |
| Total current liabilities | 211,472 | 198,150 |
| Long-term liabilities: | ||
| Long-term debt, net | — | 64,448 |
| Convertible notes derivative liability | — | 25,400 |
| Other long-term liabilities | 8,836 | 3,864 |
| Total liabilities | 220,308 | 291,862 |
| Commitments and contingencies (Note 13) | ||
| Redeemable convertible preferred stock, $0.00001 par value: zero and 17,245,954 shares authorized, issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | — | — |
| Stockholders’ equity: | ||
| Preferred stock, $0.00001 par value: 100,000,000 shares authorized and zero shares issued and outstanding as of September 30, 2024; zero shares authorized, issued, and outstanding as of December 31, 2023 | — | — |
| Common stock, $0.00001 par value: zero shares authorized, issued, and outstanding as of September 30, 2024; 40,000,000 shares authorized and 9,207,337 shares issued and outstanding as of December 31, 2023 | — | — |
| Class A common stock, $0.00001 par value: 3,000,000,000 shares authorized, 27,750,593 shares issued, and 27,475,691 shares outstanding as of September 30, 2024; zero shares authorized, issued, and outstanding as of December 31, 2023 | — | — |
| 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, 2024; zero shares authorized, issued, and outstanding as of December 31, 2023 | — | — |
| Additional paid-in capital | 610,263 | 237,116 |
| Treasury stock, at cost, 274,902 shares at September 30, 2024 and zero shares at December 31, 2023 | (15,687) | — |
| Accumulated deficit | (216,618) | (209,188) |
| Total stockholders' equity | 377,958 | 27,928 |
| Total liabilities, redeemable convertible preferred stock, and stockholders' equity | $598,266 | $319,790 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.