Ibotta Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 27, 2025
IBTA$59.91+3.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets
(In thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $349,282 | $62,591 |
| Restricted cash | 408 | — |
| Accounts receivable, less allowances of $3,765 and $3,160, respectively | 220,883 | 226,439 |
| Prepaid expenses and other current assets | 11,168 | 9,314 |
| Total current assets | 581,741 | 298,344 |
| Property and equipment, less accumulated depreciation of $9,675 and $8,905, respectively | 1,951 | 2,541 |
| Capitalized software development costs, less accumulated amortization of $18,087 and $13,482, respectively | 16,201 | 12,844 |
| Equity investment | 4,531 | 4,531 |
| Deferred tax assets, net | 73,211 | — |
| Other long-term assets | 794 | 1,530 |
| Total assets | $678,429 | $319,790 |
| Liabilities, Redeemable Convertible Preferred Stock, and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $7,160 | $8,937 |
| Due to third-party publishers | 93,982 | 73,155 |
| Deferred revenue | 4,964 | 2,628 |
| User redemption liability | 74,006 | 84,531 |
| Accrued expenses | 17,965 | 24,582 |
| Other current liabilities | 6,088 | 4,317 |
| Total current liabilities | 204,165 | 198,150 |
| Long-term liabilities: | ||
| Long-term debt, net | — | 64,448 |
| Convertible notes derivative liability | — | 25,400 |
| Other long-term liabilities | 16,981 | 3,864 |
| Total liabilities | 221,146 | 291,862 |
| Commitments and contingencies (Note 16) | ||
| Redeemable convertible preferred stock, $0.00001 par value; zero and 17,245,954 shares authorized, issued, and outstanding as of December 31, 2024 and 2023, respectively | — | — |
| Stockholders’ equity: | ||
| Preferred stock, $0.00001 par value: 100,000,000 shares authorized and zero shares issued and outstanding as of December 31, 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 December 31, 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, 28,332,671 shares issued, and 27,813,988 shares outstanding as of December 31, 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 December 31, 2024; zero shares authorized, issued, and outstanding as of December 31, 2023 | — | — |
| Additional paid-in capital | 629,050 | 237,116 |
| Treasury stock, at cost, 518,683 shares at December 31, 2024 and zero shares at December 31, 2023 | (31,321) | — |
| Accumulated deficit | (140,446) | (209,188) |
| Total stockholders' equity | 457,283 | 27,928 |
| Total liabilities, redeemable convertible preferred stock, and stockholders' equity | $678,429 | $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.