Ibotta, Inc.
Business
Ibotta, Inc. operates the Ibotta Performance Network (IPN), a digital-promotion platform that connects consumer packaged goods (CPG) brands with consumers through a network of publishers. The company sources digital promotions from CPG brands and distributes them via its direct-to-consumer properties (mobile app, website, browser extension) and white-label partnerships with major retailers including Walmart, Dollar General, Instacart, and DoorDash. Ibotta generates revenue on a fee-per-redemption basis and offers additional products including display advertising, data licensing, and measurement tools like LiveLift™ to optimize campaign performance.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Revenue | 342 | 367 | 320 | 211 | |
| Cost of revenue | 71 | 50 | 44 | 46 | |
| Gross profit | 271 | 317 | 276 | 165 | |
| Sales and marketing | 119 | 139 | 115 | 110 | |
| Research and development | 61 | 63 | 50 | 43 | |
| General and administrative | 88 | 83 | 52 | 49 | |
| Depreciation and amortization | 4 | 4 | 4 | 3 | |
| Total operating expenses | 272 | 289 | 220 | 205 | |
| (Loss) income from operations | −841,000 | 28 | 56 | −40 | |
| Interest income (expense), net | 11 | 9 | −7 | −5 | |
| Loss on debt extinguishment | 0 | −10 | 0 | 0 | |
| Other expense, net | −93,000 | −3 | −5 | −9 | |
| Income before (provision for) benefit from income taxes | 10 | 24 | 44 | −55 | |
| (Provision for) benefit from income taxes | −6 | 44 | −6 | −262,000 | |
| Net income | 4 | 69 | 38 | −55 | |
| Basic (in usd per share) | 0.13 | 2.85 | 4.26 | −6.33 | |
| Diluted (in usd per share) | 0.12 | 2.56 | 1.42 | −6.33 | |
| Basic (in shares) | 28 | 24 | 9 | 9 | |
| Diluted (in shares) | 30 | 27 | 27 | 9 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 187 | 349 | 63 | — | — | |
| Restricted cash | 0 | 400,000 | 0 | — | — | |
| Accounts receivable, less allowances of $2,494 and $3,765, respectively | 209 | 221 | 226 | — | — | |
| Prepaid expenses and other current assets | 13 | 11 | 9 | — | — | |
| Total current assets | 408 | 582 | 298 | — | — | |
| Property and equipment, less accumulated depreciation of $3,029 and $9,675, respectively | 23 | 2 | 3 | — | — | |
| Capitalized software development costs, less accumulated amortization of $24,165 and $18,087, respectively | 24 | 16 | 13 | — | — | |
| Equity investment | 5 | 5 | 5 | 5 | — | |
| Deferred tax assets, net | 55 | 73 | 0 | — | — | |
| Operating lease assets | 10 | 0 | — | — | — | |
| Other long-term assets | 1 | 794,000 | 2 | — | — | |
| Total assets | 526 | 678 | 320 | — | — | |
| Accounts payable | 11 | 7 | 9 | — | — | |
| Due to third-party publishers | 108 | 94 | 73 | — | — | |
| Accrued expenses | 20 | 18 | 25 | — | — | |
| Other current liabilities | 1 | 6 | 4 | — | — | |
| Total current liabilities | 208 | 204 | 198 | — | — | |
| Operating lease liabilities long-term | 26 | 0 | — | — | — | |
| Unrecognized tax benefits, long-term | 5 | 17 | — | — | — | |
| Total liabilities | 238 | 221 | 292 | — | — | |
| Commitments and contingencies (Note 16) | — | — | — | — | — | |
| 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 | 0 | 0 | 0 | — | — | |
| Additional paid-in capital | 692 | 629 | 237 | — | — | |
| Treasury stock, at cost, 7,388,343 shares as of December 31, 2025 and 518,683 shares as of December 31, 2024 | −268 | −31 | 0 | — | — | |
| Accumulated deficit | −137 | −140 | −209 | — | — | |
| Total stockholders' equity | 288 | 457 | 28 | −35 | 11 | |
| Total liabilities and stockholders' equity | 526 | 678 | 320 | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Depreciation and amortization | 8 | 8 | 7 | 6 | |
| Impairment of capitalized software development costs | 500,000 | 600,000 | 200,000 | 700,000 | |
| Stock-based compensation expense | 44 | 47 | 7 | 7 | |
| Common stock warrant expense | 9 | 29 | 13 | 0 | |
| Credit loss expense | 2 | 1 | 828,000 | 580,000 | |
| Amortization of debt discount and issuance costs | 200,000 | 1 | 3 | 3 | |
| Change in fair value of convertible notes derivative liability | 0 | 3 | 5 | 4 | |
| Deferred income taxes | 3 | −54 | 0 | — | |
| Other | 30,000 | 28,000 | 62,000 | −394,000 | |
| Accounts receivable | 10 | 4 | −106 | −35 | |
| Other current and long-term assets | 3 | −25 | 1 | 694,000 | |
| Accounts payable | 355,000 | −911,000 | 2 | −5 | |
| Due to third-party publishers | 14 | 21 | 61 | 12 | |
| Accrued expenses | −1 | −6 | 5 | 3 | |
| Deferred revenue | −2 | 2 | −423,000 | 398,000 | |
| User redemption liability | −8 | −11 | −14 | −2 | |
| Other current and long-term liabilities | 9 | 16 | −507,000 | −2 | |
| Net cash provided by operating activities | 95 | 116 | 23 | −56 | |
| Additions to property and equipment | −20 | −871,000 | −548,000 | −785,000 | |
| Additions to capitalized software development costs | −14 | −9 | −8 | −6 | |
| Maturities of short-term investments | 0 | 0 | 28 | 0 | |
| Net cash (used in) provided by investing activities | −34 | −10 | 20 | −36 | |
| Proceeds from exercise of stock options | 9 | 13 | 3 | 1 | |
| Debt issuance costs | −2,000 | −808,000 | −12,000 | −405,000 | |
| Proceeds from initial public offering, net | 0 | 207 | 0 | 0 | |
| Purchase of treasury stock | −233 | −31 | 0 | −25,000 | |
| Taxes paid related to net share settlement of equity awards | −3 | −3 | 0 | 0 | |
| Deferred offering costs | 0 | −6 | −652,000 | 0 | |
| Proceeds from employee stock purchase plan | 3 | 3 | 0 | — | |
| Other financing activities | 0 | −90,000 | 0 | 0 | |
| Net cash (used in) provided by financing activities | −224 | 181 | 2 | 74 | |
| Net change in cash, cash equivalents, and restricted cash | −163 | 287 | 45 | −18 | |
| Interest paid | 247,000 | 3 | 5 | 4 | |
| Income taxes paid | 5 | 13 | 4 | 71,000 | |
| Share repurchases in accounts payable and accrued expenses | 3 | 0 | 0 | — | |
| Stock-based compensation included in capitalized software development costs | 1 | 400,000 | 400,000 | 188,000 | |
| Conversion of convertible debt into Class A common stock | 0 | 104 | 0 | 0 | |
| Property and equipment in accounts payable and accrued expenses | 3 | 175,000 | 209,000 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Ibotta, Inc.'s CIK number?
Ibotta, Inc.'s SEC CIK number is 0001538379 (1538379). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Ibotta, Inc.'s SEC filings?
All of Ibotta, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Ibotta, Inc. last report earnings?
Ibotta, Inc. (IBTA) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-031279). This is Ibotta, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Ibotta, Inc.'s most recent earnings 8-K?
Ibotta, Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001628280-26-031279. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Ibotta, Inc.'s latest earnings 8-K →
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