Ibotta reports $3.5 million net loss for Q3 2026

Item 6 Exhibits

Signatures

103

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Table of Contents

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the federal securities laws¹, which involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expect," "plan," "anticipate," "could," "would," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential," "seek," "aim," "look," "wish," "hope," "pursue," "propose," "design," "forecast," "try," "continue," or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Forward-looking statements contained in this Quarterly Report on Form 10-Q include, but are not limited to, statements about:

• our expectations regarding financial results and performance, including our operational and financial targets, key metrics, and our ability to maintain profitability and generate profitable growth over time;

• our ability to successfully execute our business and growth strategy;

• our expectations regarding the capabilities of our platform and technology;

• the sufficiency of our cash, cash equivalents, restricted cash, and marketable securities to meet our liquidity needs;

• the demand for the Ibotta Performance Network (IPN) including the size of our addressable market, market share, and market trends;

• our ability to renew, maintain, and expand our relationships with publishers, including with Walmart Inc. and our other publishers on the IPN;

• our ability to renew, maintain, and expand our relationships with clients, including in the grocery and general merchandise categories (CPG brands), and retailers;

• our ability to grow redeemers and redemptions;

• our expectatio

Item 1. Financial Statements

Ibotta, Inc.

CONDENSED BALANCE SHEETS

(In thousands, except share and per share amounts)

September 30, 2026 December 31, 2025

(unaudited)

Assets

Current assets:

Cash and cash equivalents $ 149,889 $ 186,612

Accounts receivable, less allowances of $ 908 and $ 2,494 , respectively

221,517 208,709

Prepaid expenses and other current assets 6,025 12,604

Total current assets 377,431 407,925

Property and equipment, less accumulated depreciation of $ 5,248 and $ 3,029 , respectively

22,723 23,434

Capitalized software development costs, less accumulated amortization of $ 31,504 and $ 24,165 , respectively

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ 7,767 $ 10,840

Due to third-party publishers 130,091 107,601

Long-term liabilities:

Operating lease liabilities, long-term 24,852 25,501

Unrecognized tax benefits, long-term 5,292 4,999

Total liabilities 255,787 238,260

Commitments and contingencies (Note 13)

Stockholders' equity:

Preferred stock, $ 0.00001 par value: 100,000,000 shares authorized and zero shares issued and outstanding as of September 30, 2026, and December 31, 2025

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Class A common stock, $ 0.00001 par value: 3,000,000,000 shares authorized, 30,869,910 shares issued, and 20,426,495 shares outstanding as of September 30, 2026; 3,000,000,000 shares authorized, 29,429,656 shares issued, and 22,041,313 shares outstanding as of December 31, 2025

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Class B common stock, $ 0.00001 par value: 350,000,000 shares authorized and 2,992,424 shares issued and outstanding as of September 30, 2026; 350,000,000 shares authorized and 3,137,424 shares issued a