IBTA: the cash flow

MyFinsight

The latest financial statement is for the year ending 2025-12-31.

Cash Flow	2025-12-31
Net income	3,575
Depreciation and amortization	8,320
Impairment of capitalized software development costs	516
Stock-based compensation expense	44,144
Common stock warrant expense	8,762
Credit loss expense	1,963
Loss on debt extinguishment	0
Amortization of debt discount and issuance costs	152
Change in fair value of convertible notes derivative liability	0
Deferred income taxes	3,146
Other	30
Accounts receivable	-10,237
Other current and long-term assets	-3,444
Accounts payable	355
Due to third-party publishers	-13,619
Accrued expenses	-1,253
Deferred revenue	-2,029
User redemption liability	-8,485
Other current and long-term liabilities	8,778
Net cash provided by operating activities	95,274
Additions to property and equipment	20,293
Additions to capitalized software development costs	14,010
Maturities of short-term investments	0
Net cash (used in) provided by investing activities	-34,303
Proceeds from exercise of stock options	9,124
Debt issuance costs	2
Proceeds from initial public offering, net	0
Purchase of treasury stock	232,971
Taxes paid related to net share settlement of equity awards	3,420
Deferred offering costs	0
Proceeds from employee stock purchase plan	3,220
Other financing activities	0
Net cash (used in) provided by financing activities	-224,049
Net change in cash, cash equivalents, and restricted cash	-163,078
Cash, cash equivalents, and restricted cash, beginning of period	349,690
Cash, cash equivalents, and restricted cash, end of period	186,612

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