Ibotta, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
View on SEC.govAbout this filing
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.
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.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows
| Year ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating activities | |||
| Net income | $3,575 | $68,742 | $38,117 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 8,320 | 8,080 | 6,664 |
| Impairment of capitalized software development costs | 516 | 574 | 169 |
| Stock-based compensation expense | 44,144 | 46,924 | 6,991 |
| Common stock warrant expense | 8,762 | 29,292 | 13,177 |
| Credit loss expense | 1,963 | 1,215 | 828 |
| Loss on debt extinguishment | — | 9,686 | — |
| Amortization of debt discount and issuance costs | 152 | 1,055 | 3,310 |
| Change in fair value of convertible notes derivative liability | — | 3,085 | 5,000 |
| Deferred income taxes | 3,146 | (53,622) | — |
| Other | 30 | 28 | 62 |
| Changes in assets and liabilities: | |||
| Accounts receivable | 10,237 | 4,397 | (105,709) |
| Other current and long-term assets | 3,444 | (24,640) | 1,180 |
| Accounts payable | 355 | (911) | 1,818 |
| Due to third-party publishers | 13,619 | 20,827 | 60,724 |
| Accrued expenses | (1,253) | (6,360) | 5,196 |
| Deferred revenue | (2,029) | 2,336 | (423) |
| User redemption liability | (8,485) | (10,525) | (13,881) |
| Other current and long-term liabilities | 8,778 | 15,734 | (507) |
| Net cash provided by operating activities | 95,274 | 115,917 | 22,716 |
| Investing activities | |||
| Additions to property and equipment | (20,293) | (871) | (548) |
| Additions to capitalized software development costs | (14,010) | (9,330) | (7,680) |
| Maturities of short-term investments | — | — | 27,900 |
| Net cash (used in) provided by investing activities | (34,303) | (10,201) | 19,672 |
| Financing activities | |||
| Proceeds from exercise of stock options | 9,124 | 13,478 | 3,049 |
| Debt issuance costs | (2) | (808) | (12) |
| Proceeds from initial public offering, net | — | 206,692 | — |
| Purchase of treasury stock | (232,971) | (31,321) | — |
| Taxes paid related to net share settlement of equity awards | (3,420) | (3,319) | — |
| Deferred offering costs | — | (6,037) | (652) |
| Proceeds from employee stock purchase plan | 3,220 | 2,788 | — |
| Other financing activities | — | (90) | — |
| Net cash (used in) provided by financing activities | (224,049) | 181,383 | 2,385 |
| Net change in cash, cash equivalents, and restricted cash | (163,078) | 287,099 | 44,773 |
| Cash, cash equivalents, and restricted cash, beginning of period | 349,690 | 62,591 | 17,818 |
| Cash, cash equivalents, and restricted cash, end of period | $186,612 | $349,690 | $62,591 |
STATEMENTS OF CASH FLOWS, CONT.
| Year ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Supplemental disclosures of cash flow information | |||
| Interest paid | $247 | $2,583 | $5,491 |
| Income taxes paid | $5,147 | $13,208 | $4,110 |
| Supplemental disclosures of non-cash investing and financing activities | |||
| Share repurchases in accounts payable and accrued expenses | $3,283 | $— | $— |
| Stock-based compensation included in capitalized software development costs | 1,120 | 421 | 414 |
| Conversion of convertible debt into Class A common stock | — | 103,584 | — |
| Property and equipment in accounts payable and accrued expenses | $2,946 | $175 | $209 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.