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
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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Item 1. Financial Statements
CONDENSED BALANCE SHEETS
(In thousands, except share and per share amounts)
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| (unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $223,296 | $349,282 |
| Restricted cash | 58 | 408 |
| Accounts receivable, less allowances of $5,280 and $3,765, respectively | 212,822 | 220,883 |
| Prepaid expenses and other current assets | 19,284 | 11,168 |
| Total current assets | 455,460 | 581,741 |
| Property and equipment, less accumulated depreciation of $10,482 and $9,675, respectively | 19,578 | 1,951 |
| Capitalized software development costs, less accumulated amortization of $22,321 and $18,087, respectively | 22,364 | 16,201 |
| Equity investment | 4,531 | 4,531 |
| Deferred tax assets, net | 56,498 | 73,211 |
| Operating lease assets | 10,041 | — |
| Other long-term assets | 962 | 794 |
| Total assets | $569,434 | $678,429 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $15,311 | $7,160 |
| Due to third-party publishers | 98,701 | 93,982 |
| Deferred revenue | 4,690 | 4,964 |
| User redemption liability | 69,555 | 74,006 |
| Accrued expenses | 16,724 | 17,965 |
| Other current liabilities | 1,545 | 6,088 |
| Total current liabilities | 206,526 | 204,165 |
| Long-term liabilities: | ||
| Operating lease liabilities, long-term | 25,342 | — |
| Unrecognized tax benefits, long-term | 7,957 | 16,981 |
| Total liabilities | 239,825 | 221,146 |
| Commitments and contingencies (Note 14) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.00001 par value: 100,000,000 shares authorized and zero shares issued and outstanding as of September 30, 2025, and December 31, 2024 | — | — |
| Class A common stock, $0.00001 par value: 3,000,000,000 shares authorized, 29,217,044 shares issued, and 23,961,109 shares outstanding as of September 30, 2025; 3,000,000,000 shares authorized, 28,332,671 shares issued, and 27,813,988 shares outstanding as of December 31, 2024 | — | — |
| Class B common stock, $0.00001 par value: 350,000,000 shares authorized and 3,137,424 shares issued and outstanding as of September 30, 2025, and December 31, 2024 | — | — |
| Additional paid-in capital | 677,505 | 629,050 |
| Treasury stock, at cost, 5,255,935 shares as of September 30, 2025 and 518,683 shares as of December 31, 2024 | (212,028) | (31,321) |
| Accumulated deficit | (135,868) | (140,446) |
| Total stockholders' equity | 329,609 | 457,283 |
| Total liabilities and stockholders' equity | $569,434 | $678,429 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.