IBTA: the balance sheet

MyFinsight

For the year ending 2025-12-31, IBTA has $525,911K in assets. $238,260K in debts. $186,612K in cash and cash equivalents.

Balance Sheets	2025-12-31
Cash and cash equivalents	186,612
Restricted cash	0
Accounts receivable, less allowances of 2,494 and 3,765, respectively	208,709
Prepaid expenses and other current assets	12,604
Total current assets	407,925
Property and equipment, less accumulated depreciation of 3,029 and 9,675, respectively	23,434
Capitalized software development costs, less accumulated amortization of 24,165 and 18,087, respectively	24,193
Equity investment	4,531
Deferred tax assets, net	54,850
Operating lease assets	9,901
Other long-term assets	1,077
Total assets	525,911

Accounts payable	10,840
Due to third-party publishers	107,601
User redemption liability-Deferred Revenue	2,935
User redemption liability-User Redemption Liability	65,521
Accrued expenses	19,614
Other current liabilities	1,249
Total current liabilities	207,760
Operating lease liabilities long-term	25,501
Unrecognized tax benefits, long-term	4,999
Total liabilities	238,260
Common stock issued-Common Class A	0
Common stock issued-Common Class B	0
Additional paid-in capital	692,097
Treasury stock, at cost, 7,388,343 shares as of december31, 2025 and 518,683 shares as of december31, 2024	267,575
Accumulated deficit	-136,871
Total stockholders' equity	287,651
Total liabilities and stockholders' equity	525,911

Unit: Thousand (K) dollars (except for numbers of shares and EPS).