IBTA: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, IBTA has $569,434K in assets. $239,825K in debts. $223,296K in cash and cash equivalents.

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

Balance Sheets	2025-09-30	2025-06-30
Cash and cash equivalents	223,296	250,549
Restricted cash	58	58
Accounts receivable, less allowances of 5,280 and 3,765, respectively	212,822	208,976
Prepaid expenses and other current assets	19,284	23,064
Total current assets	455,460	482,647
Property and equipment, less accumulated depreciation of 10,482 and 9,675, respectively	19,578	9,044
Capitalized software development costs, less accumulated amortization of 22,321 and 18,087, respectively	22,364	19,054
Equity investment	4,531	4,531
Deferred tax assets, net	56,498	74,407
Operating lease assets	10,041	10,357
Other long-term assets	962	738
Total assets	569,434	600,778

Accounts payable	15,311	10,596
Due to third-party publishers	98,701	94,713
User redemption liability-Deferred Revenue	4,690	5,148
User redemption liability-User Redemption Liability	69,555	70,922
Accrued expenses	16,724	17,831
Other current liabilities	1,545	4,823
Total current liabilities	206,526	204,033
Operating lease liabilities, long-term	25,342	24,923
Unrecognized tax benefits, long-term	7,957	17,694
Total liabilities	239,825	246,650
Common stock, value, issued-Common Class A	0	0
Common stock, value, issued-Common Class B	0	0
Additional paid-in capital	677,505	664,427
Treasury stock, at cost, 5,255,935 shares as of september30, 2025 and 518,683 shares as of december31, 2024	212,028	172,898
Accumulated deficit	-135,868	-137,401
Total stockholders' equity	329,609	354,128
Total liabilities and stockholders' equity	569,434	600,778