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.
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Consolidated Statements of Operations
(In thousands, except share and per share amounts)
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | $367,254 | $320,037 | $210,702 |
| Cost of revenue | 50,121 | 43,992 | 46,176 |
| Gross profit | 317,133 | 276,045 | 164,526 |
| Operating expenses: | |||
| Sales and marketing | 139,214 | 114,756 | 110,069 |
| Research and development | 63,271 | 49,996 | 42,558 |
| General and administrative | 82,739 | 51,633 | 49,164 |
| Depreciation and amortization | 3,984 | 3,661 | 3,048 |
| Total operating expenses | 289,208 | 220,046 | 204,839 |
| Income (loss) from operations | 27,925 | 55,999 | (40,313) |
| Interest income (expense), net | 9,414 | (6,884) | (5,311) |
| Loss on debt extinguishment | (9,686) | — | — |
| Other expense, net | (3,157) | (5,064) | (8,975) |
| Income (loss) before benefit from (provision for) income taxes | 24,496 | 44,051 | (54,599) |
| Benefit from (provision for) income taxes | 44,246 | (5,934) | (262) |
| Net income (loss) | $68,742 | $38,117 | $(54,861) |
| Net income (loss) per share: | |||
| Basic | $2.85 | $4.26 | $(6.33) |
| Diluted | $2.56 | $1.42 | $(6.33) |
| Weighted average common shares outstanding: | |||
| Basic | 24,124,833 | 8,948,537 | 8,672,426 |
| Diluted | 26,860,931 | 26,921,567 | 8,672,426 |
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