Ibotta, Inc.
For the period ended Mar 31, 2025. Filed May 15, 2025.
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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.
Mar 31, 2025 · Filed May 15, 2025
IBTA$58.11+0.4%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Operations
(In thousands, except share and per share amounts)
| Three months ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue | $84,574 | $82,327 |
| Cost of revenue | 17,092 | 10,515 |
| Gross profit | 67,482 | 71,812 |
| Operating expenses: | ||
| Sales and marketing | 29,858 | 28,129 |
| Research and development | 18,069 | 13,641 |
| General and administrative | 21,386 | 13,154 |
| Depreciation and amortization | 972 | 983 |
| Total operating expenses | 70,285 | 55,907 |
| (Loss) income from operations | (2,803) | 15,905 |
| Interest income (expense), net | 3,685 | (1,805) |
| Other expense, net | (399) | (1,702) |
| Income before benefit from (provision for) income taxes | 483 | 12,398 |
| Benefit from (provision for) income taxes | 72 | (3,101) |
| Net income | $555 | $9,297 |
| Net income per share: | ||
| Basic | $0.02 | $1.00 |
| Diluted | $0.02 | $0.33 |
| Weighted average common shares outstanding: | ||
| Basic | 30,779,430 | 9,310,928 |
| Diluted | 33,218,817 | 28,356,797 |
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