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$60.30+0.7%Stored close · as of Nov 10, 2026

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Contents

Statements of Redeemable Convertible Preferred Stock and Stockholders’Defict) Equity

CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT)

(In thousands, except share amounts)

Redeemable Convertible Preferred Stock · Common Stock · Additional Paid-In Capital · Accumulated Deficit · Accumulated Other Comprehensive Income (Loss) · Stockholders’ Equity (Deficit)
Shares · Amount · Shares · Amount
Balance, December 31, 2021	17,245,954	$—	8,436,602	$—	$203,204	$(192,444)	$—	$10,760
Net loss	—	—	—	—	—	(54,861)	—	(54,861)
Other comprehensive loss	—	—	—	—	—	—	(126)	(126)
Exercise of stock options	—	—	164,506	—	1,144	—	—	1,144
Stock-based compensation expense (inclusive of capitalized stock-based compensation)	—	—	—	—	6,689	—	—	6,689
Release of restricted stock purchase shares from repurchase option	—	—	192,772	—	1,600	—	—	1,600
Balance, December 31, 2022	17,245,954	$—	8,793,880	$—	$212,637	$(247,305)	$(126)	$(34,794)
Net income	—	—	—	—	—	38,117	—	38,117
Other comprehensive income	—	—	—	—	—	—	126	126
Exercise of stock options	—	—	311,251	—	3,049	—	—	3,049
Stock-based compensation expense (inclusive of capitalized stock-based compensation)	—	—	—	—	20,582	—	—	20,582
Release of restricted stock purchase shares from repurchase option	—	—	102,206	—	848	—	—	848
Balance, December 31, 2023	17,245,954	$—	9,207,337	$—	$237,116	$(209,188)	$—	$27,928

CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT), CONT.

(In thousands, except share amounts)

Redeemable Convertible Preferred Stock · Common Stock (1) · Treasury Stock · Additional Paid-In Capital · Accumulated Deficit · Stockholders’ Equity (Deficit)
Shares · Amount · Shares · Amount · Shares · Amount
Balance, December 31, 2023	17,245,954	$—	9,207,337	$—	—	$—	$237,116	$(209,188)	$27,928
Net income	—	—	—	—	—	—	—	68,742	68,742
Exercise of stock options	—	—	1,056,425	—	—	—	13,534	—	13,534
Stock-based compensation expense (inclusive of capitalized stock-based compensation)	—	—	—	—	—	—	76,637	—	76,637
Release of restricted stock purchase shares from repurchase option	—	—	102,205	—	—	—	848	—	848
Conversion of convertible debt	—	—	1,177,087	—	—	—	103,584	—	103,584
Conversion of redeemable convertible preferred stock	(17,245,954)	—	17,245,954	—	—	—	—	—	—
Initial public offering, net of issuance costs of $22.0 million	—	—	2,500,000	—	—	—	197,952	—	197,952
Repurchase of common stock	—	—	—	—	(518,683)	(31,321)	—	—	(31,321)
Issuance of common stock upon settlement of restricted stock units	—	—	181,295	—	—	—	—	—	—
Common stock withheld for tax obligation and net settlement	—	—	(46,084)	—	—	—	(3,319)	—	(3,319)
Issuance of common stock under employee stock purchase plan	—	—	48,876	—	—	—	2,788	—	2,788
Other	—	—	(3,000)	—	—	—	(90)	—	(90)
Balance, December 31, 2024	—	$—	31,470,095	$—	(518,683)	$(31,321)	$629,050	$(140,446)	$457,283

(1)Amounts combine the Company’s common stock, Class A common stock, and Class B common stock. See Note 9 - Redeemable Convertible Preferred Stock and Stockholders' Equity for discussion of the establishment of the Company’s two series of common stock and the reclassification of its common stock into Class A common stock in connection with the Company’s initial public offering in April 2024.

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.