Ibotta, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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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Balance Sheets
(In thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $186,612 | $349,282 |
| Restricted cash | — | 408 |
| Accounts receivable, less allowances of $2,494 and $3,765, respectively | 208,709 | 220,883 |
| Prepaid expenses and other current assets | 12,604 | 11,168 |
| Total current assets | 407,925 | 581,741 |
| Property and equipment, less accumulated depreciation of $3,029 and $9,675, respectively | 23,434 | 1,951 |
| Capitalized software development costs, less accumulated amortization of $24,165 and $18,087, respectively | 24,193 | 16,201 |
| Equity investment | 4,531 | 4,531 |
| Deferred tax assets, net | 54,850 | 73,211 |
| Operating lease assets | 9,901 | — |
| Other long-term assets | 1,077 | 794 |
| Total assets | $525,911 | $678,429 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $10,840 | $7,160 |
| Due to third-party publishers | 107,601 | 93,982 |
| Deferred revenue | 2,935 | 4,964 |
| User redemption liability | 65,521 | 74,006 |
| Accrued expenses | 19,614 | 17,965 |
| Other current liabilities | 1,249 | 6,088 |
| Total current liabilities | 207,760 | 204,165 |
| Long-term liabilities: | ||
| Operating lease liabilities, long-term | 25,501 | — |
| Unrecognized tax benefits, long-term | 4,999 | 16,981 |
| Total liabilities | 238,260 | 221,146 |
| Commitments and contingencies (Note 16) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.00001 par value: 100,000,000 shares authorized and zero shares issued and outstanding as of December 31, 2025, and December 31, 2024 | — | — |
| Class A common stock, $0.00001 par value: 3,000,000,000 shares authorized, 29,429,656 shares issued, and 22,041,313 shares outstanding as of December 31, 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 December 31, 2025 and December 31, 2024 | — | — |
| Additional paid-in capital | 692,097 | 629,050 |
| Treasury stock, at cost, 7,388,343 shares as of December 31, 2025 and 518,683 shares as of December 31, 2024 | (267,575) | (31,321) |
| Accumulated deficit | (136,871) | (140,446) |
| Total stockholders' equity | 287,651 | 457,283 |
| Total liabilities and stockholders' equity | $525,911 | $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.