Ibotta, Inc.
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
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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, 2026 · Filed Nov 3, 2026
IBTA$59.91+3.1%Stored close · as of Nov 9, 2026
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Condensed Statements of Cash Flows
(In thousands)
| Nine months ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net (loss) income | $(15,054) | $4,578 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Depreciation and amortization | 9,967 | 5,853 |
| Impairment of capitalized software development costs | 1,406 | 256 |
| Stock-based compensation expense | 40,528 | 33,462 |
| Common stock warrant expense | 6,554 | 6,554 |
| Credit loss expense | 1,044 | 1,916 |
| Amortization of debt discount and issuance costs | 114 | 114 |
| Deferred income taxes | 7,312 | 2,866 |
| Other | 4 | 14 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (13,879) | 6,145 |
| Other current and long-term assets | 5,552 | (4,589) |
| Accounts payable | (638) | 1,468 |
| Due to third-party publishers | 22,490 | 4,719 |
| Accrued expenses | 4,923 | (3,034) |
| Deferred revenue | (487) | (274) |
| User redemption liability | (3,898) | (4,451) |
| Other current and long-term liabilities | (354) | 11,872 |
| Net cash provided by operating activities | 65,584 | 67,469 |
| Investing activities | ||
| Additions to property and equipment | (4,400) | (12,768) |
| Additions to capitalized software development costs | (13,064) | (10,360) |
| Proceeds from the sale of property and equipment | 27 | — |
| Net cash used in investing activities | (17,437) | (23,128) |
| Financing activities | ||
| Proceeds from exercise of stock options | 4,796 | 8,312 |
| Debt issuance costs | — | (2) |
| Purchase of treasury stock | (84,676) | (178,180) |
| Taxes paid related to net share settlement of equity awards | (6,472) | (2,843) |
| Proceeds from employee stock purchase plan | 1,482 | 2,036 |
| Net cash used in financing activities | (84,870) | (170,677) |
| Net change in cash, cash equivalents, and restricted cash | (36,723) | (126,336) |
| Cash, cash equivalents, and restricted cash, beginning of period | 186,612 | 349,690 |
| Cash, cash equivalents, and restricted cash, end of period | $149,889 | $223,354 |
CONDENSED STATEMENTS OF CASH FLOWS, CONT.
(In thousands)
| Nine months ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental disclosures of cash flow information | ||
| Interest paid | $225 | $171 |
| Income taxes paid, net | $590 | $4,333 |
| Supplemental disclosures of non-cash investing and financing activities | ||
| Share repurchases in accounts payable and accrued expenses | $1,521 | $2,527 |
| Stock-based compensation included in capitalized software development costs | 1,747 | 836 |
| Property and equipment in accounts payable and accrued expenses | $197 | $5,950 |
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