Ibotta, Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 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.
Sep 30, 2025 · Filed Nov 13, 2025
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
| ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the quarterly period ended September 30, 2025
OR
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the transition period from _________ to _________
Commission File Number:001-42018
IBOTTA, INC.
(Exact name of registrant as specified in its charter)
| Delaware(State or other jurisdiction ofincorporation or organization) | 35-2426358(I.R.S. EmployerIdentification Number) |
|---|---|
| 1400 16th Street, Suite 600Denver, Colorado(Address of principal executive offices) | 80202(Zip Code) |
(303)593-1633
(Registrant’s telephone number, including area code)
1801 California Street, Suite 400Denver, Colorado 80202(Former address of principal executive offices, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Class A common stock, par value $0.00001 per share | IBTA | New York Stock Exchange |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
|---|---|---|---|
| Non-accelerated filer | ☒ | Smaller reporting company | ☐ |
| Emerging growth company | ☒ | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No☒
As of October 31, 2025, the registrant had outstanding 23,445,382 shares of Class A common stock and 3,137,424 shares of Class B common stock, each with a par value of $0.00001 per share.
TABLE OF CONTENTS
| Page | ||
|---|---|---|
| Special Note Regarding Forward-Looking Statements | 2 | |
| Part I | FINANCIAL INFORMATION | 5 |
| Item 1 | Financial Statements (Unaudited) | 5 |
| Condensed Balance Sheets | 5 | |
| Condensed Statements of Operations | 6 | |
| Condensed Statements of Redeemable Convertible Preferred Stock and Stockholders’ Equity | 7 | |
| Condensed Statements of Cash Flows | 9 | |
| Notes to the Condensed Financial Statements (Unaudited) | 11 | |
| Item 2 | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 28 |
| Item 3 | Quantitative and Qualitative Disclosures About Market Risk | 48 |
| Item 4 | Controls and Procedures | 48 |
| Part II | OTHER INFORMATION | 49 |
| Item 1 | Legal Proceedings | 49 |
| Item 1A | Risk Factors | 50 |
| Item 2 | Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Securities | 99 |
| Item 3 | Defaults upon Senior Securities | 99 |
| Item 4 | Mine Safety Disclosures | 99 |
| Item 5 | Other Information | 99 |
| Item 6 | Exhibits | 100 |
| Signatures | 101 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.